Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0034%/8h= +3.7% APRpaid last 24h −0.041%

Price spread now: Deribit against BloFin+0.035%7-day average +0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs−$85as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$550.554% of the position

Long on BloFin Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.301%−$30 on $10k

Price spread, last 3 days (all we have)+0.113%+$11 · spread now +0.035%, 7d avg +0.025%

Together, before fees−0.188%−$19 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.025%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.301%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin UNI-USDT	9.0460	0.0220	pay 0.0220% / 8h	52m 50s	$10.0M	$3.4M	75x
Short	Deribit UNI_USDC-PERPETUAL	9.0491	0.0254	get 0.0032% / 1h	52m 50s	$583K	$175K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.035%Rate

Funding earned: $7.14
Price spread: +0.035% → +0.025%: $0.97
Slippage, 4 orders: −$36.37
Fee BloFin: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$47.26
Costs to cover: 0.554%
Break-even: 53.3 days

Slippage from BloFin: live order book, 6 min ago; Deribit: live order book, 26 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, 6 min ago	7.23 bp	13.6 bp −$14	17.2 bp −$172	42.5 bp −$4,250	doesn't fit
Sell Deribit live order book, 26 min ago	6.97 bp	10.5 bp −$10	19.8 bp −$198	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	−2.388%	$660	$155K	12x	as long as short
Variational Omni UNI	−0.0010%	8h	9.0073	−0.428%	$4.0M	$4.4M	—	as long as short
dYdX UNI-USD	0.0000%	1h	9.0265	−0.216%	$250K	$6K	10x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	9.0394	−0.073%	$63K	—	150x	as long as short
Bybit UNIUSDT	+0.0042%	8h	9.0360	−0.111%	$103.1M	$103.6M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0075%	8h	9.0360	−0.111%	$55.8M	$248.3M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.0230	−0.254%	$26K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.0395	−0.072%	$958K	$4.1M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.0447	−0.014%	$1.1M	$3.3M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.0300	−0.177%	$301K	$586K	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	9.0406	−0.060%	$222.9M	$584.3M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.0380	−0.088%	$279K	$619K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.0410	−0.055%	$23.3M	$57.7M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0400	−0.066%	$43.7M	$23.7M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0430	−0.033%	$13.8M	$13.5M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0370	−0.099%	$32.8M	$41.3M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.0400	−0.066%	—	$6.5M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.0235	−0.248%	$170K	$342K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0290	−0.188%	$638K	$2.5M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0130	−0.365%	$89K	$712K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0300	−0.177%	$108K	$3.2M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.0440	−0.022%	$87K	$355K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.0430	−0.033%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.0471	+0.012%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.0450	−0.011%	$25K	$654K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.0500	+0.044%	$741K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.0450	−0.011%	$27.3M	$4.4M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0347	−0.124%	$301K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0450	−0.011%	$32K	$1K	3x	as long as short
Backpack UNI_USDC_PERP	+0.0162%	1h	9.0487	+0.030%	$1.0M	$2.3M	10x	as long as short
01 Exchange UNIUSD	+0.0216%	1h	9.0388	−0.080%	$451	—	10x	as long as short
BloFin UNI-USDTlong	+0.0220%	8h	9.0460	long leg	$10.0M	$3.4M	75x
Coinbase International UNI-PERP-INTX	+0.0232%	1h	9.0430	−0.033%	$1.1M	$5.4M	50x	as long as short
Deribit UNI_USDC-PERPETUALshort	+0.0254%	1h	9.0491	+0.035%	$583K	$175K	50x
Reya UNIRUSDPERP	+0.0363%	1h	9.0399	−0.067%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0380% / S −0.0320%	1h	9.0401	−0.065%	$568K	—	120x	as long as short
Kraken Futures PF_UNIUSD	+0.0559%	1h	9.0505	+0.050%	$5.1M	$7.0M	50x	as long as short
Aftermath Perps UNIUSD	+0.0717%	1h	9.0104	−0.394%	$1K	$49K	10x	as long as short
Hyperliquid UNI	+0.0826%	1h	9.0603	+0.158%	$100.2M	$58.4M	10x	as long as short
Lighter UNI	+0.1048%	1h	9.0636	+0.195%	$4.6M	$5.1M	15x	as long as short