Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0162%/8h= +17.7% APRpaid last 24h +0.044%

Price spread now: Reya against BloFin−0.115%46s7-day average — · you buy dearer than you sell

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

Long on BloFin Short on Reya

What this pair did over the last

the charts below follow

Funding, last 4 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 0.115% cheaper against BloFin than usual: you would sell low and buy high (spread −0.115% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 2.4 days of funding at the current rate (+$5 a day). The two prices were read 46 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	8.9310	0.0220	pay 0.0220% / 8h	7h 49m	$10.1M	$3.6M	75x
Short	Reya UNIRUSDPERP	8.9208	0.0382	get 0.0048% / 1h	49m 37s	$16K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now −0.115%Rate

Funding earned: $34.01
Price spread: −0.115% → 0.000%: −$11.45
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Reya: 3 bp × 2 orders: −$6
Net: $4.56
Costs to cover: 0.180%
Break-even: 6.1 days

Slippage unknown: BloFin: live order book, 4 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 BloFin live order book, 4 min ago	1.12 bp	8.9 bp −$9	17.5 bp −$175	49.9 bp −$4,994	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
Kraken Futures PF_UNIUSD	−0.0062%	1h	8.9258	−0.059%	$4.7M	$8.6M	50x	as long as short
Deribit UNI_USDC-PERPETUAL	0.0000%	1h	8.9237	−0.082%	$591K	$273K	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0005%	1h	8.9350	+0.045%	$77K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−1.131%	$660	$153K	12x	as long as short
Phemex UNIUSDT	+0.0064%	8h	8.9240	−0.078%	$27.0M	$4.4M	50x	as long as short
Nado UNI-PERP	+0.0093%	1h	8.9340	+0.034%	$729K	$4.7M	10x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.9450	+0.157%	$26K	—	20x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.9494	+0.206%	$728K	$3.2M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.9484	+0.194%	$291K	$568K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.9488	+0.199%	$217.8M	$652.6M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit UNIUSDT	+0.0100%	8h	8.9460	+0.168%	$99.3M	$110.7M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	8.9490	+0.202%	$54.6M	$263.6M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.9630	+0.358%	$325K	$701K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.9550	+0.269%	$26.7M	$62.5M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.9460	+0.168%	$48.1M	$25.3M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.9490	+0.202%	$13.1M	$13.3M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.9550	+0.269%	$33.2M	$46.1M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	8.9520	+0.235%	—	$58.0M	—	as long as short
Variational Omni UNI	+0.0100%	8h	8.9300	−0.011%	$4.1M	$4.0M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.9122	−0.211%	$168K	$346K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.9123	−0.209%	$630K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.9160	−0.168%	$90K	$710K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.9350	+0.045%	$14K	$3.5M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.9360	+0.056%	$105K	$616K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.9230	−0.090%	$17K	$2.3M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.9421	+0.124%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.9190	−0.134%	$32K	$894K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.9324	+0.016%	$707K	$4.7M	75x	as long as short
Extended UNI-USD	+0.0104%	1h	8.9468	+0.176%	$300K	$1.8M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.9210	−0.112%	$32K	—	3x	as long as short
Hyperliquid UNI	+0.0117%	1h	8.9454	+0.161%	$95.4M	$67.6M	10x	as long as short
Lighter UNI	+0.0128%	1h	8.9585	+0.308%	$4.5M	$5.4M	15x	as long as short
01 Exchange UNIUSD	+0.0136%	1h	8.9622	+0.349%	$447	$5	10x	as long as short
dYdX UNI-USD	+0.0205%	1h	8.9385	+0.084%	$235K	$30K	10x	as long as short
Coinbase International UNI-PERP-INTX	+0.0208%	1h	8.9320	+0.011%	$929K	$5.5M	50x	as long as short
BloFin UNI-USDTlong	+0.0220%	8h	8.9310	long leg	$10.1M	$3.6M	75x
Backpack UNI_USDC_PERP	+0.0262%	1h	8.9268	−0.047%	$1.1M	$2.5M	10x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0243%	1h	8.9207	−0.115%	$635K	—	120x	as long as short
Reya UNIRUSDPERPshort	+0.0382%	1h	8.9208	−0.115%	$16K	—	20x
Aftermath Perps UNIUSD	+0.0393%	1h	8.9279	−0.034%	$1K	$52K	10x	as long as short