Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0259%/8h= +28.4% APRpaid last 24h +0.070%

Price spread now: Reya against Bitget−0.137%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bitget Short on Reya

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.137% cheaper against Bitget than usual: you would sell low and buy high (spread −0.137% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$14 on $10k: about 42 hours of funding at the current rate (+$8 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget UNIUSDT	8.8220	0.0100	pay 0.0100% / 8h	2h 48m	$32.0M	$40.9M	75x
Short	Reya UNIRUSDPERP	8.8099	0.0359	get 0.0045% / 1h	48m 02s	$16K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now −0.137%Rate

Funding earned: $54.42
Price spread: −0.137% → 0.000%: −$13.7
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Reya: 3 bp × 2 orders: −$6
Net: $22.72
Costs to cover: 0.180%
Break-even: 4.1 days

Slippage unknown: Bitget: live order book, 1 min ago; Reya: no order-book sample. Net counts fees only.

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, 1 min ago	1.13 bp	10.5 bp −$10	15.8 bp −$158	28.8 bp −$2,878	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0200%	8h	8.7965	−0.289%	$3.9M	$4.6M	—	as long as short
Bybit UNIUSDT	−0.0188%	8h	8.8210	−0.011%	$102.7M	$103.8M	75x	as long as short
01 Exchange UNIUSD	−0.0040%	1h	8.8176	−0.050%	$440	—	10x	as long as short
Deribit UNI_USDC-PERPETUAL	0.0000%	1h	8.8307	+0.098%	$551K	$125K	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0006%	1h	8.8197	−0.026%	$79K	—	150x	as long as short
OKX UNI-USDT-SWAP	+0.0007%	8h	8.8220	0.000%	$54.3M	$244.7M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8155	−0.073%	$25K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.8092	−0.145%	$848K	$3.9M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.8283	+0.071%	$1.0M	$3.4M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.8155	−0.074%	$296K	$559K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance UNIUSDT	+0.0100%	8h	8.8240	+0.023%	$216.1M	$593.3M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.8230	+0.011%	$272K	$605K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.8200	−0.023%	$22.9M	$58.9M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.8190	−0.034%	$42.7M	$24.4M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.8250	+0.034%	$13.7M	$13.6M	75x	as long as short
Bitget UNIUSDTlong	+0.0100%	8h	8.8220	long leg	$32.0M	$40.9M	75x
BingX UNI-USDT	+0.0100%	8h	8.8200	−0.023%	—	$49.8M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8258	+0.043%	$977K	$2.4M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8216	−0.005%	$166K	$343K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8123	−0.110%	$618K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8070	−0.170%	$83K	$713K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8130	−0.102%	$105K	$3.2M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.8150	−0.079%	$86K	$324K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8210	−0.011%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.8187	−0.037%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.8231	+0.012%	$28K	$659K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.8420	+0.227%	$722K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8190	−0.034%	$26.6M	$4.4M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8210	−0.012%	$307K	$1.4M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8262	+0.047%	$31K	$1K	3x	as long as short
dYdX UNI-USD	+0.0168%	1h	8.8150	−0.079%	$244K	$5K	10x	as long as short
Coinbase International UNI-PERP-INTX	+0.0200%	1h	8.8290	+0.079%	$1.0M	$5.3M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.8060	−0.181%	$9.8M	$3.3M	75x	as long as short
Kraken Futures PF_UNIUSD	+0.0269%	1h	8.8302	+0.093%	$4.9M	$7.1M	50x	as long as short
Hyperliquid UNI	+0.0354%	1h	8.8346	+0.143%	$95.9M	$59.7M	10x	as long as short
Reya UNIRUSDPERPshort	+0.0359%	1h	8.8099	−0.137%	$16K	—	20x
GMX UNI/USD [UNI-USDC]	L +0.0380% / S −0.0320%	1h	8.8188	−0.036%	$553K	—	120x	as long as short
Lighter UNI	+0.0424%	1h	8.8400	+0.204%	$4.5M	$5.3M	15x	as long as short
Aftermath Perps UNIUSD	+0.0477%	1h	8.8171	−0.055%	$1K	$50K	10x	as long as short
Injective UNI/USDC PERP	+0.2702%	1h	8.7900	−0.363%	$657	$97K	12x	as long as short