Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0042%/8h= −4.6% APRpaid last 24h 0.000%

Price spread now: Deribit against Bitget+0.013%7-day average +0.082% · you sell dearer than you buy

Net, funding: paid 7d − costs−$52as in the Funding arb table

Net, price: spread back to 7d avg − costs−$56as in the Price arb table

costs, in and out, $10k−$490.490% of the position

Long on Bitget Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.026%−$3 on $10k

Price spread, last 4 days (all we have)+0.252%+$25 · spread now +0.013%, 7d avg +0.082%

Together, before fees+0.226%+$23 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Deribit is 0.069% cheaper against Bitget than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.082%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget UNIUSDT	8.8650	0.0100	pay 0.0100% / 8h	1h 03m	$32.4M	$45.4M	75x
Short	Deribit UNI_USDC-PERPETUAL	8.8661	0.0058	get 0.0007% / 1h	3m 45s	$584K	$250K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Bitget. 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 BitgetbpFee DeribitbpOrdersPrice spread, now +0.013%Rate

Funding earned: −$8.82
Price spread: +0.013% → +0.082%: −$6.89
Slippage, 4 orders: −$30.02
Fee Bitget: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$64.73
Costs to cover: 0.490%
Break-even: never at this rate

Slippage from Bitget: live order book, 5 min ago; Deribit: live order book, 40 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 Bitget live order book, 5 min ago	1.13 bp	10.3 bp −$10	17.3 bp −$173	33.4 bp −$3,339	doesn't fit
Sell Deribit live order book, 40 min ago	9.40 bp	13.5 bp −$13	21.8 bp −$218	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
Polymarket Perps UNI-USD	−0.0081%	1h	8.8594	−0.063%	$106K	$619K	10x	as long as short
01 Exchange UNIUSD	−0.0024%	1h	8.8569	−0.091%	$442	$5	10x	as long as short
Kraken Futures PF_UNIUSD	−0.0017%	1h	8.8654	+0.005%	$4.7M	$8.6M	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0007%	1h	8.8634	−0.018%	$49K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−0.395%	$660	$153K	12x	as long as short
Nado UNI-PERP	+0.0037%	1h	8.8637	−0.014%	$736K	$4.7M	10x	as long as short
Deribit UNI_USDC-PERPETUALshort	+0.0058%	1h	8.8661	+0.013%	$584K	$250K	50x
Lighter UNI	+0.0096%	1h	8.8758	+0.122%	$4.5M	$5.7M	15x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8616	−0.039%	$25K	—	20x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.8692	+0.047%	$726K	$3.6M	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	8.8665	+0.017%	$284K	$590K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.8635	−0.017%	$214.1M	$657.2M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	8.8620	−0.034%	$98.1M	$111.4M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	8.8610	−0.045%	$53.9M	$263.8M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.8660	+0.011%	$316K	$695K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.8650	0.000%	$25.2M	$66.9M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.8660	+0.011%	$48.5M	$26.7M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.8630	−0.023%	$13.0M	$13.4M	75x	as long as short
Bitget UNIUSDTlong	+0.0100%	8h	8.8650	long leg	$32.4M	$45.4M	75x
BingX UNI-USDT	+0.0100%	8h	8.8630	−0.023%	—	$57.1M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8655	+0.006%	$1.1M	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	8.8829	+0.202%	$4.1M	$4.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8683	+0.037%	$168K	$345K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8665	+0.017%	$620K	$2.7M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8740	+0.102%	$89K	$709K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8790	+0.158%	$15K	$3.4M	20x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8590	−0.068%	$16K	$2.0M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.8624	−0.029%	$36K	$1.4M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.8600	−0.056%	$32K	$887K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.8687	+0.042%	$694K	$4.8M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8620	−0.034%	$26.7M	$4.5M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8587	−0.071%	$289K	$1.7M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8608	−0.048%	$31K	—	3x	as long as short
Hyperliquid UNI	+0.0158%	1h	8.8791	+0.159%	$94.4M	$67.6M	10x	as long as short
Coinbase International UNI-PERP-INTX	+0.0192%	1h	8.8670	+0.023%	$924K	$5.4M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.8760	+0.124%	$10.0M	$3.6M	75x	as long as short
dYdX UNI-USD	+0.0375%	1h	8.8632	−0.020%	$233K	$30K	10x	as long as short
Reya UNIRUSDPERP	+0.0379%	1h	8.8587	−0.071%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0243%	1h	8.8632	−0.021%	$630K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0515%	1h	8.8815	+0.186%	$988	$53K	10x	as long as short