Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0292%/8h= +32.0% APRpaid last 24h +0.036%

Price spread now: Aevo against Bybit−0.027%7-day average — · you buy dearer than you sell

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

Long on Bybit Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—needs both histories

Funding pays, the price is against you. Aevo is 0.027% cheaper against Bybit than usual: you would sell low and buy high (spread −0.027% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 7 hours of funding at the current rate (+$9 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit UNIUSDT	8.8110	−0.0188	get 0.0188% / 8h	2h 48m	$102.6M	$103.8M	75x
Short	Aevo UNI-PERP	8.8086	0.0104	get 0.0013% / 1h	48m 48s	$31K	$1K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Bybit. 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 BybitbpFee AevobpOrdersPrice spread, now −0.027%Rate

Funding earned: $61.36
Price spread: −0.027% → 0.000%: −$2.73
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Aevo: 8 bp × 2 orders: −$16
Net: $31.63
Costs to cover: 0.270%
Break-even: 3.4 days

Slippage unknown: Bybit: live order book, 5 min ago; Aevo: 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 Bybit live order book, 5 min ago	0.57 bp	8.6 bp −$9	13.2 bp −$132	37.2 bp −$3,715	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: 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	−0.164%	$3.9M	$4.6M	—	as long as short
Bybit UNIUSDTlong	−0.0188%	8h	8.8110	long leg	$102.6M	$103.8M	75x
01 Exchange UNIUSD	−0.0048%	1h	8.8147	+0.042%	$440	—	10x	as long as short
Deribit UNI_USDC-PERPETUAL	0.0000%	1h	8.8101	−0.010%	$550K	$125K	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0006%	1h	8.8093	−0.019%	$79K	—	150x	as long as short
OKX UNI-USDT-SWAP	+0.0007%	8h	8.8120	+0.011%	$54.2M	$244.3M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8047	−0.071%	$25K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.8020	−0.102%	$847K	$3.9M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.8137	+0.031%	$1.0M	$3.4M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.8155	+0.051%	$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	8.8140	+0.034%	$215.9M	$593.5M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.8130	+0.023%	$272K	$605K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.8070	−0.045%	$22.9M	$58.9M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.8060	−0.057%	$42.6M	$24.4M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.8060	−0.057%	$13.7M	$13.6M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8110	0.000%	$31.9M	$41.0M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.8040	−0.079%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8065	−0.051%	$975K	$2.4M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8216	+0.120%	$166K	$343K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8123	+0.014%	$618K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8070	−0.045%	$83K	$713K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8060	−0.057%	$105K	$3.2M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.8109	−0.001%	$86K	$323K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8040	−0.079%	$15K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.8107	−0.003%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.8039	−0.081%	$28K	$659K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.8175	+0.074%	$720K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8040	−0.079%	$26.5M	$4.3M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8025	−0.096%	$307K	$1.4M	25x	as long as short
Aevo UNI-PERPshort	+0.0104%	1h	8.8086	−0.027%	$31K	$1K	3x
dYdX UNI-USD	+0.0168%	1h	8.8150	+0.045%	$244K	$5K	10x	as long as short
Coinbase International UNI-PERP-INTX	+0.0200%	1h	8.8140	+0.034%	$1.0M	$5.3M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.8060	−0.057%	$9.8M	$3.3M	75x	as long as short
Kraken Futures PF_UNIUSD	+0.0270%	1h	8.8096	−0.016%	$4.9M	$7.1M	50x	as long as short
Hyperliquid UNI	+0.0356%	1h	8.8263	+0.174%	$95.8M	$59.6M	10x	as long as short
Reya UNIRUSDPERP	+0.0359%	1h	8.8022	−0.100%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0380% / S −0.0320%	1h	8.8077	−0.038%	$552K	—	120x	as long as short
Lighter UNI	+0.0424%	1h	8.8314	+0.232%	$4.5M	$5.3M	15x	as long as short
Aftermath Perps UNIUSD	+0.0484%	1h	8.8175	+0.074%	$1K	$50K	10x	as long as short
Injective UNI/USDC PERP	+0.2702%	1h	8.7900	−0.238%	$657	$97K	12x	as long as short