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Funding arb · Price arb /

UNI

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.004%
Price spread now: Phemex against Binance+0.091%7-day average +0.018% · you sell dearer than you buy
Net, funding: paid 7d − costs−$47as in the Funding arb table
Net, price: spread back to 7d avg − costs−$41as in the Price arb table
costs, in and out, $10k−$480.485% of the position
Long on BinanceShort on Phemex
What this pair did over the last
the charts below follow
Funding, last 7 days+0.019%+$2 on $10k
Price spread, last 3 days (all we have)+0.186%+$19 · spread now +0.091%, 7d avg +0.018%
Together, before fees+0.205%+$21 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: Phemex is 0.074% dearer against Binance than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.018%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance UNIUSDT9.02680.0100pay 0.0100% / 8h54m 53s$222.5M$593.7M75x
ShortPhemex UNIUSDT9.03500.0100get 0.0100% / 8h54m 53s$27.2M$4.4M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phemex against Binance. 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

Funding earned
$0
Price spread: +0.091% → +0.018%
$7.36
Slippage, 4 orders
−$26.49
Fee Binance: 5 bp × 2 orders
−$10
Fee Phemex: 6 bp × 2 orders
−$12
Net
−$41.13
Costs to cover
0.485%
Break-even
never at this rate
Slippage from Binance: live order book, 4 min ago; Phemex: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 4 min ago0.56 bp7.7 bp −$811.7 bp −$11734.5 bp −$3,452167.1 bp −$83.6K
Sell Phemex live order book, 4 min ago5.56 bp17.1 bp −$1723.9 bp −$239doesn't fitdoesn't fit

UNI on 40 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective UNI/USDC PERP−0.0049%1h8.8300−2.180%$660$155K12xas long as short
Variational Omni UNI−0.0010%8h9.0073−0.216%$4.0M$4.4M—as long as short
dYdX UNI-USD0.0000%1h9.0088−0.199%$249K$6K10xas long as short
gTrade (Gains Network) UNI/USDL +0.0004% / S −0.0004%1h9.0326+0.064%$63K—150xas long as short
Bybit UNIUSDT+0.0038%8h9.0230−0.042%$103.0M$103.8M75xas long as short
OKX UNI-USDT-SWAP+0.0072%8h9.0230−0.042%$55.7M$248.3M50xas long as short
Paradex UNI-USD-PERP+0.0100%8h9.0226−0.046%$26K—20xas long as short
Nado UNI-PERP+0.0100%1h9.0225−0.047%$957K$4.1M10xas long as short
Aster UNIUSDT+0.0100%8h9.0375+0.119%$1.1M$3.3M50xas long as short
Pacifica UNI+0.0100%1h9.0126−0.157%$301K$586K10xas long as short
Show all 40 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance UNIUSDTlong+0.0100%8h9.0268long leg$222.5M$593.7M75x
Arcus UNI-USD+0.0100%1h9.0350+0.091%$279K$619K10xas long as short
Gate UNI_USDT+0.0100%8h9.0270+0.003%$23.2M$57.6M75xas long as short
MEXC UNI_USDT+0.0100%8h9.0300+0.036%$43.7M$23.6M200xas long as short
KuCoin UNIUSDTM+0.0100%8h9.0260−0.008%$13.7M$13.8M75xas long as short
Bitget UNIUSDT+0.0100%8h9.0250−0.019%$32.8M$41.3M75xas long as short
BingX UNI-USDC+0.0100%8h9.0250−0.019%—$6.5M—as long as short
edgeX UNIUSDC+0.0100%4h9.0073−0.216%$169K$342K20xas long as short
GRVT UNI_USDT_Perp+0.0100%8h9.0062−0.228%$627K$2.5M10xas long as short
ApeX Omni UNIUSDT+0.0100%1h9.0130−0.152%$89K$712K50xas long as short
StandX UNI-USD+0.0100%1h9.0170−0.108%$108K$3.2M20xas long as short
Polymarket Perps UNI-USD+0.0100%1h9.0338+0.078%$87K$355K10xas long as short
Orderly PERP_UNI_USDC+0.0100%8h9.0330+0.069%$16K$1.7M10xas long as short
SunX UNI-USDT+0.0100%8h9.0391+0.137%$37K$1.3M30xas long as short
SoDEX UNI-USD+0.0100%1h9.0350+0.091%$25K$654K10xas long as short
HTX UNI-USDT+0.0100%8h9.0442+0.193%$740K$4.3M75xas long as short
Phemex UNIUSDTshort+0.0100%8h9.0350+0.091%$27.2M$4.4M50x
Extended UNI-USD+0.0104%1h9.0253−0.016%$301K$1.5M25xas long as short
Aevo UNI-PERP+0.0104%1h9.0340+0.080%$32K$1K3xas long as short
Backpack UNI_USDC_PERP+0.0188%1h9.0325+0.064%$1.0M$2.3M10xas long as short
01 Exchange UNIUSD+0.0216%1h9.0340+0.080%$451—10xas long as short
BloFin UNI-USDT+0.0220%8h9.0360+0.102%$10.0M$3.4M75xas long as short
Coinbase International UNI-PERP-INTX+0.0232%1h9.0390+0.136%$1.1M$5.4M50xas long as short
Deribit UNI_USDC-PERPETUAL+0.0285%1h9.0399+0.146%$582K$173K50xas long as short
Reya UNIRUSDPERP+0.0363%1h9.0280+0.014%$16K—20xas long as short
GMX UNI/USD [UNI-USDC]L +0.0380% / S −0.0320%1h9.0331+0.070%$568K—120xas long as short
Kraken Futures PF_UNIUSD+0.0560%1h9.0401+0.147%$5.1M$7.1M50xas long as short
Aftermath Perps UNIUSD+0.0702%1h8.9958−0.343%$1K$49K10xas long as short
Hyperliquid UNI+0.0784%1h9.0427+0.176%$99.7M$59.6M10xas long as short
Lighter UNI+0.1048%1h9.0538+0.300%$4.6M$5.1M15xas long as short