UNI

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0120%/8h= −13.1% APRnext payment −$1.20 per $10,000 · paid last 24h −0.060%

Price spread now: Bybit against BloFin−0.745%112s7-day average −0.092% · you buy dearer than you sell

Net, funding: paid 7d − costs−$65as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$370.370% of the position

Long on BloFin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.277%−$28 on $10k

Price spread, last 4 days (all we have)+0.100%+$10 · spread now −0.745%, 7d avg −0.092%

Together, before fees−0.176%−$18 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Bybit is 0.653% cheaper against BloFin than usual: you would sell low and buy high (−$65 if the spread goes back to its 7-day average of −0.092%). Swap the legs. The two prices were read 112 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin UNI-USDT	9.2660	0.0220	pay 0.0220% / 8h	5h 15m	$10.5M	$3.6M	75x
Short	Bybit UNIUSDT	9.1970	0.0100	get 0.0100% / 8h	5h 15m	$103.4M	$109.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against BloFin. 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 BloFinbpFee BybitbpOrdersPrice spread, now −0.745%Rate

Funding earned: −$25.2
Price spread: −0.745% → −0.092%: −$65.3
Slippage, 4 orders: −$13.98
Fee BloFin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$127.48
Costs to cover: 0.370%
Break-even: never at this rate

Slippage from BloFin: live order book, 3 min ago; Bybit: live order book, 4 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 BloFin live order book, 3 min ago	1.61 bp	9.0 bp −$9	16.8 bp −$168	40.2 bp −$4,017	doesn't fit
Sell Bybit live order book, 4 min ago	0.54 bp	9.5 bp −$10	17.0 bp −$170	46.8 bp −$4,678	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
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0006%	1h	9.1967	−0.748%	$49K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−4.705%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0056%	1h	9.2008	−0.704%	$459	$5	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.2020	−0.691%	$949K	$4.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.2036	−0.674%	$1.0M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.1856	−0.868%	$299K	$573K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.1986	−0.727%	$228.7M	$620.0M	75x	as long as short
Bybit UNIUSDTshort	+0.0100%	8h	9.1970	−0.745%	$103.4M	$109.6M	75x
OKX UNI-USDT-SWAP	+0.0100%	8h	9.1980	−0.734%	$56.9M	$258.2M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.2100	−0.604%	$292K	$614K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate UNI_USDT	+0.0100%	8h	9.1950	−0.766%	$23.6M	$61.7M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.2040	−0.669%	$49.2M	$25.3M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.2060	−0.648%	$13.8M	$12.9M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.1930	−0.788%	$33.6M	$43.3M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	9.1960	−0.755%	—	$56.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.1947	−0.769%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.2057	−0.651%	$4.3M	$4.2M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.2667	+0.008%	$175K	$345K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.2320	−0.367%	$647K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.2680	+0.022%	$90K	$694K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.2140	−0.561%	$51K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.2044	−0.665%	$88K	$418K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.2020	−0.691%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.2078	−0.628%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.1938	−0.779%	$22K	$772K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.2200	−0.496%	$725K	$4.4M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.2090	−0.615%	$27.8M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.1949	−0.767%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.1936	−0.782%	$312K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.1999	−0.713%	$33K	—	3x	as long as short
dYdX UNI-USD	+0.0106%	1h	9.1837	−0.888%	$242K	$31K	10x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0183%	1h	9.2059	−0.649%	$590K	$193K	50x	as long as short
BloFin UNI-USDTlong	+0.0220%	8h	9.2660	long leg	$10.5M	$3.6M	75x
Kraken Futures PF_UNIUSD	+0.0267%	1h	9.2026	−0.684%	$5.1M	$7.7M	50x	as long as short
Coinbase International UNI-PERP-INTX	+0.0296%	1h	9.2020	−0.691%	$1.1M	$5.4M	50x	as long as short
Reya UNIRUSDPERP	+0.0371%	1h	9.2031	−0.679%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.1954	−0.761%	$655K	—	120x	as long as short
Hyperliquid UNI	+0.0538%	1h	9.2149	−0.551%	$99.9M	$61.3M	10x	as long as short
Lighter UNI	+0.0576%	1h	9.1956	−0.760%	$4.7M	$5.8M	15x	as long as short
Aftermath Perps UNIUSD	+0.0974%	1h	9.2184	−0.514%	$1K	$47K	10x	as long as short