Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Extended against BingX−0.200%7-day average −0.009% · you buy dearer than you sell

Net, funding: paid 7d − costs−$22as in the Funding arb table

Net, price: spread back to 7d avg − costs−$55as in the Price arb table

costs, in and out, $10k−$360.364% of the position

Long on BingX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.146%+$15 on $10k

Price spread, last 7 days+0.222%+$22 · spread now −0.200%, 7d avg −0.009%

Together, before fees+0.368%+ Points / potential airdropExtended: Active · farm board+$37 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: Extended is 0.191% cheaper against BingX than usual: you would sell low and buy high, −$19 on $10k if it goes back to its 7-day average of −0.009%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX UNI-USDC	9.0290	0.0100	pay 0.0100% / 8h	33m 45s	—	$6.5M	—
Short	Extended UNI-USD	9.0109	0.0104	get 0.0013% / 1h	33m 45s	$303K	$1.5M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.200%Rate

Funding earned: $0.84
Price spread: −0.200% → −0.009%: −$19.08
Slippage, 4 orders: −$21.39
Fee BingX: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$54.64
Costs to cover: 0.364%
Break-even: 462.3 days

Slippage from BingX: live order book, 2 min ago; Extended: live order book, 5 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, 2 min ago	1.11 bp	11.9 bp −$12	26.5 bp −$265	77.9 bp −$7,789	582.1 bp −$291.1K
Sell Extended live order book, 5 min ago	1.77 bp	6.7 bp −$7	13.8 bp −$138	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
Injective UNI/USDC PERP	−0.0049%	1h	8.8300	−2.204%	$660	$155K	12x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	9.0017	−0.302%	$62K	—	150x	as long as short
Variational Omni UNI	+0.0033%	8h	9.0185	−0.117%	$4.1M	$4.4M	—	as long as short
dYdX UNI-USD	+0.0045%	1h	9.0086	−0.226%	$249K	$6K	10x	as long as short
Bybit UNIUSDT	+0.0075%	8h	9.0100	−0.210%	$102.7M	$104.7M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0089%	8h	9.0100	−0.210%	$55.3M	$249.4M	50x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.0015	−0.305%	$947K	$4.2M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.0063	−0.252%	$1.0M	$3.3M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.0134	−0.173%	$298K	$591K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.0113	−0.196%	$222.7M	$589.1M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus UNI-USD	+0.0100%	1h	9.0290	0.000%	$279K	$620K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.0110	−0.199%	$23.0M	$58.6M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0130	−0.177%	$43.7M	$24.0M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0120	−0.188%	$13.7M	$13.5M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0240	−0.055%	$33.0M	$42.1M	75x	as long as short
BingX UNI-USDClong	+0.0100%	8h	9.0290	long leg	—	$6.5M	—
edgeX UNIUSDC	+0.0100%	4h	9.0357	+0.074%	$170K	$343K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0280	−0.011%	$638K	$2.5M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0390	+0.111%	$89K	$713K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0140	−0.166%	$36K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.0056	−0.259%	$88K	$356K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.0000	−0.321%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.0138	−0.168%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.0020	−0.299%	$25K	$669K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.0131	−0.176%	$736K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.0060	−0.255%	$27.2M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.0093	−0.219%	$26K	—	20x	as long as short
Extended UNI-USDshort	+0.0104%	1h	9.0109	−0.200%	$303K	$1.5M	25x
Aevo UNI-PERP	+0.0104%	1h	9.0041	−0.276%	$32K	$1K	3x	as long as short
Backpack UNI_USDC_PERP	+0.0105%	1h	9.0067	−0.247%	$1.0M	$2.4M	10x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0118%	1h	9.0061	−0.254%	$580K	$176K	50x	as long as short
01 Exchange UNIUSD	+0.0200%	1h	9.0332	+0.047%	$451	—	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.0100	−0.210%	$10.1M	$3.5M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0232%	1h	9.0080	−0.233%	$1.1M	$5.4M	50x	as long as short
Reya UNIRUSDPERP	+0.0364%	1h	9.0017	−0.302%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0380% / S −0.0320%	1h	9.0004	−0.317%	$567K	—	120x	as long as short
Kraken Futures PF_UNIUSD	+0.0562%	1h	9.0082	−0.230%	$5.0M	$7.0M	50x	as long as short
Hyperliquid UNI	+0.0589%	1h	9.0189	−0.112%	$98.9M	$58.9M	10x	as long as short
Aftermath Perps UNIUSD	+0.0790%	1h	9.0310	+0.022%	$1K	$49K	10x	as long as short
Lighter UNI	+0.0968%	1h	9.0287	−0.003%	$4.6M	$5.2M	15x	as long as short