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 −0.033%

Price spread now: Phemex against BloFin+0.022%7-day average +0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs−$72as in the Funding arb table

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$490.492% of the position

Long on BloFin Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.228%−$23 on $10k

Price spread, last 4 days (all we have)+0.024%+$2 · spread now +0.022%, 7d avg +0.014%

Together, before fees−0.204%−$20 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.014%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin UNI-USDT	8.9040	0.0220	pay 0.0220% / 8h	1h 34m	$10.1M	$3.6M	75x
Short	Phemex UNIUSDT	8.9060	0.0100	get 0.0100% / 8h	1h 34m	$26.9M	$4.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.022%Rate

Funding earned: −$25.2
Price spread: +0.022% → +0.014%: $0.87
Slippage, 4 orders: −$25.23
Fee BloFin: 6 bp × 2 orders: −$12
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$73.57
Costs to cover: 0.492%
Break-even: never at this rate

Slippage from BloFin: live order book, 4 min ago; Phemex: 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, 4 min ago	0.56 bp	11.6 bp −$12	17.0 bp −$170	39.2 bp −$3,921	doesn't fit
Sell Phemex live order book, 4 min ago	3.37 bp	12.5 bp −$12	20.9 bp −$209	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	−0.0186%	1h	8.8955	−0.095%	$108K	$617K	10x	as long as short
Kraken Futures PF_UNIUSD	−0.0017%	1h	8.9017	−0.025%	$4.7M	$8.7M	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0007%	1h	8.8979	−0.069%	$49K	—	150x	as long as short
01 Exchange UNIUSD	+0.0008%	1h	8.8997	−0.048%	$444	$5	10x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−0.831%	$660	$153K	12x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0042%	1h	8.9058	+0.020%	$587K	$250K	50x	as long as short
Lighter UNI	+0.0096%	1h	8.9138	+0.110%	$4.5M	$5.6M	15x	as long as short
Nado UNI-PERP	+0.0096%	1h	8.8975	−0.073%	$745K	$4.7M	10x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8973	−0.075%	$25K	—	20x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.9141	+0.113%	$734K	$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	8.9010	−0.033%	$284K	$591K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.9094	+0.061%	$215.2M	$659.3M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	8.9080	+0.045%	$99.0M	$112.1M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	8.9110	+0.079%	$54.0M	$265.9M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.9080	+0.045%	$318K	$704K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.9100	+0.067%	$24.9M	$66.5M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.9100	+0.067%	$49.1M	$26.5M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.9140	+0.112%	$13.1M	$13.4M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.9100	+0.067%	$32.6M	$45.6M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	8.9120	+0.090%	—	$57.4M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.9179	+0.156%	$1.1M	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	8.8889	−0.169%	$4.1M	$4.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8998	−0.047%	$168K	$346K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8960	−0.090%	$628K	$2.7M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.9040	0.000%	$89K	$710K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.9080	+0.045%	$15K	$3.5M	20x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8980	−0.067%	$16K	$1.8M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.9048	+0.009%	$36K	$1.4M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.8980	−0.067%	$32K	$885K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.9076	+0.040%	$697K	$4.8M	75x	as long as short
Phemex UNIUSDTshort	+0.0100%	8h	8.9060	+0.022%	$26.9M	$4.5M	50x
dYdX UNI-USD	+0.0104%	1h	8.9053	+0.015%	$234K	$31K	10x	as long as short
Extended UNI-USD	+0.0104%	1h	8.9092	+0.058%	$294K	$1.7M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8989	−0.057%	$32K	—	3x	as long as short
Coinbase International UNI-PERP-INTX	+0.0192%	1h	8.9100	+0.067%	$929K	$5.5M	50x	as long as short
BloFin UNI-USDTlong	+0.0220%	8h	8.9040	long leg	$10.1M	$3.6M	75x
Hyperliquid UNI	+0.0308%	1h	8.9188	+0.166%	$94.8M	$67.5M	10x	as long as short
Reya UNIRUSDPERP	+0.0378%	1h	8.8965	−0.084%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0243%	1h	8.9068	+0.032%	$633K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0512%	1h	8.9203	+0.183%	$1K	$53K	10x	as long as short