Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.003%

Price spread now: edgeX against Backpack+0.920%7-day average −0.032% · you sell dearer than you buy

Net, funding: paid 7d − costs−$28as in the Funding arb table

Net, price: spread back to 7d avg − costs+$66as in the Price arb table

costs, in and out, $10k−$290.289% of the position

Long on Backpack Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.013%+$1 on $10k

Price spread, last 3 days (all we have)−1.006%−$101 · spread now +0.920%, 7d avg −0.032%

Together, before fees−0.993%+ Points / potential airdropedgeX: Active · farm board−$99 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: edgeX is 0.952% dearer against Backpack than usual: you sell high and buy low, +$95 on $10k if it goes back to its 7-day average of −0.032%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack UNI_USDC_PERP	9.2067	0.0100	pay 0.0013% / 1h	20m 31s	$1.0M	$2.4M	10x
Short	edgeX UNIUSDC	9.2914	0.0100	get 0.0050% / 4h	3h 20m	$175K	$344K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Backpack. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BackpackbpFee edgeXbpOrdersPrice spread, now +0.920%Rate

Funding earned: $0
Price spread: +0.920% → −0.032%: $95.23
Slippage, 4 orders: −$9.89
Fee Backpack: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $66.34
Costs to cover: 0.289%
Break-even: from the start

Slippage from Backpack: live order book, 4 min ago; edgeX: live order book, 53 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Backpack live order book, 4 min ago	0.91 bp	7.4 bp −$7	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 53 min ago	2.79 bp	7.3 bp −$7	18.8 bp −$188	doesn't fit	doesn't fit

UNI on 40 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	9.2041	−0.029%	$39K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−4.092%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0072%	1h	9.2065	−0.002%	$459	—	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.1955	−0.122%	$1.0M	$4.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.2080	+0.014%	$1.1M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.2009	−0.062%	$307K	$586K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.2008	−0.064%	$230.9M	$603.1M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.1960	−0.116%	$103.8M	$107.9M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.1940	−0.138%	$56.7M	$258.5M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.2100	+0.036%	$284K	$626K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate UNI_USDT	+0.0100%	8h	9.1970	−0.105%	$23.5M	$60.0M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.2100	+0.036%	$46.2M	$24.3M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.1980	−0.094%	$13.7M	$13.6M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.1960	−0.116%	$33.9M	$43.1M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	9.1990	−0.084%	—	$56.6M	—	as long as short
Backpack UNI_USDC_PERPlong	+0.0100%	1h	9.2067	long leg	$1.0M	$2.4M	10x
Variational Omni UNI	+0.0100%	8h	9.2000	−0.073%	$4.2M	$4.4M	—	as long as short
edgeX UNIUSDCshort	+0.0100%	4h	9.2914	+0.920%	$175K	$344K	20x
GRVT UNI_USDT_Perp	+0.0100%	8h	9.2775	+0.769%	$648K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.2790	+0.785%	$91K	$707K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.2070	+0.003%	$57K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.2048	−0.021%	$85K	$384K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.2030	−0.040%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.2077	+0.011%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.2069	+0.002%	$22K	$717K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.2068	+0.001%	$727K	$4.4M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.2050	−0.018%	$27.7M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.1899	−0.182%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.1944	−0.134%	$312K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.2070	+0.003%	$33K	—	3x	as long as short
dYdX UNI-USD	+0.0117%	1h	9.2001	−0.072%	$242K	$20K	10x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0124%	1h	9.2095	+0.030%	$595K	$184K	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.2020	−0.051%	$10.3M	$3.6M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0272%	1h	9.2160	+0.101%	$1.1M	$4.9M	50x	as long as short
Reya UNIRUSDPERP	+0.0366%	1h	9.1968	−0.108%	$17K	—	20x	as long as short
Kraken Futures PF_UNIUSD	+0.0381%	1h	9.2110	+0.047%	$5.1M	$7.1M	50x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0323%	1h	9.2015	−0.057%	$582K	—	120x	as long as short
Hyperliquid UNI	+0.0558%	1h	9.2101	+0.037%	$101.5M	$59.8M	10x	as long as short
Lighter UNI	+0.0968%	1h	9.2193	+0.137%	$4.7M	$5.3M	15x	as long as short
Aftermath Perps UNIUSD	+0.1035%	1h	9.2424	+0.387%	$935	$49K	10x	as long as short