UNI

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0198%/8h= −21.6% APRnext payment −$1.98 per $10,000 · paid last 24h −0.035%

Price spread now: Bybit against BingX−0.045%7-day average −0.032% · you buy dearer than you sell

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs−$52as in the Price arb table

costs, in and out, $10k−$510.505% of the position

Long on BingX Short on Bybit

What this pair did over the last

the charts below follow

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

Price spread, last 7 days+0.030%+$3 · spread now −0.045%, 7d avg −0.032%

Together, before fees+0.042%+$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.032%, so right now this pair is about funding alone: −$6 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.013% in total (about 0.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.98 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX UNI-USDC	8.8900	0.0100	pay 0.0100% / 8h	2h 16m	—	$6.5M	—
Short	Bybit UNIUSDT	8.8860	−0.0098	pay 0.0098% / 8h	2h 16m	$101.2M	$106.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against BingX. 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 BingXbpFee BybitbpOrdersPrice spread, now −0.045%Rate

Funding earned: −$41.48
Price spread: −0.045% → −0.032%: −$1.33
Slippage, 4 orders: −$29.52
Fee BingX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$93.33
Costs to cover: 0.505%
Break-even: never at this rate

Slippage from BingX: live order book, 4 min ago; Bybit: live order book, 3 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 BingX live order book, 4 min ago	1.12 bp	14.1 bp −$14	30.8 bp −$308	83.9 bp −$8,394	693.0 bp −$346.5K
Sell Bybit live order book, 3 min ago	0.56 bp	10.8 bp −$11	17.8 bp −$178	43.5 bp −$4,354	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
Variational Omni UNI	−0.0146%	8h	8.9020	+0.135%	$4.0M	$4.6M	—	as long as short
Bybit UNIUSDTshort	−0.0098%	8h	8.8860	−0.045%	$101.2M	$106.1M	75x
Deribit UNI_USDC-PERPETUAL	0.0000%	1h	8.9099	+0.224%	$563K	$138K	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0006%	1h	8.9050	+0.169%	$80K	—	150x	as long as short
OKX UNI-USDT-SWAP	+0.0024%	8h	8.8850	−0.056%	$54.7M	$247.8M	50x	as long as short
01 Exchange UNIUSD	+0.0024%	1h	8.8938	+0.043%	$444	—	10x	as long as short
dYdX UNI-USD	+0.0092%	1h	8.8975	+0.084%	$246K	$5K	10x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8861	−0.043%	$25K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.8920	+0.022%	$850K	$4.0M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.8976	+0.085%	$1.0M	$3.4M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica UNI	+0.0100%	1h	8.8930	+0.034%	$301K	$563K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.8870	−0.034%	$217.2M	$595.7M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.8960	+0.067%	$274K	$612K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.8900	0.000%	$23.1M	$59.4M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.8910	+0.011%	$43.2M	$24.7M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.8910	+0.011%	$13.4M	$13.9M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8850	−0.056%	$32.2M	$41.5M	75x	as long as short
BingX UNI-USDClong	+0.0100%	8h	8.8900	long leg	—	$6.5M	—
Backpack UNI_USDC_PERP	+0.0100%	1h	8.9082	+0.205%	$988K	$2.3M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.9121	+0.248%	$168K	$343K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.9060	+0.180%	$618K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.9090	+0.214%	$84K	$713K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.9110	+0.236%	$106K	$3.2M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.8881	−0.021%	$94K	$334K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.9020	+0.135%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.9098	+0.223%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.9038	+0.155%	$25K	$666K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.9137	+0.267%	$724K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.9030	+0.146%	$26.8M	$4.4M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8857	−0.049%	$308K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.9059	+0.179%	$32K	$1K	3x	as long as short
Coinbase International UNI-PERP-INTX	+0.0200%	1h	8.9090	+0.214%	$1.0M	$5.4M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.9070	+0.191%	$9.8M	$3.4M	75x	as long as short
Kraken Futures PF_UNIUSD	+0.0267%	1h	8.9092	+0.215%	$5.0M	$7.1M	50x	as long as short
Hyperliquid UNI	+0.0297%	1h	8.8999	+0.111%	$96.9M	$59.8M	10x	as long as short
Reya UNIRUSDPERP	+0.0360%	1h	8.8853	−0.053%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0379% / S −0.0320%	1h	8.9056	+0.175%	$558K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0537%	1h	8.9123	+0.251%	$1K	$50K	10x	as long as short
Lighter UNI	+0.0568%	1h	8.9084	+0.207%	$4.5M	$5.4M	15x	as long as short
Injective UNI/USDC PERP	+0.2702%	1h	8.7900	−1.125%	$657	$97K	12x	as long as short