Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.026%

Price spread now: BingX against Bybit+0.077%7-day average +0.032% · you sell dearer than you buy

Net, funding: paid 7d − costs−$44as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$430.425% of the position

Long on Bybit Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.010%−$1 on $10k

Price spread, last 7 days−0.059%−$6 · spread now +0.077%, 7d avg +0.032%

Together, before fees−0.069%−$7 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.044% dearer against Bybit than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.032%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit UNIUSDT	9.1200	0.0100	pay 0.0100% / 8h	4h 53m	$102.4M	$110.6M	75x
Short	BingX UNI-USDC	9.1270	0.0100	get 0.0100% / 8h	4h 53m	—	$6.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.077%Rate

Funding earned: $0
Price spread: +0.077% → +0.032%: $4.44
Slippage, 4 orders: −$21.52
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BingX: 5 bp × 2 orders: −$10
Net: −$38.08
Costs to cover: 0.425%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 min ago; BingX: live order book, 13 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 Bybit live order book, 1 min ago	0.55 bp	8.6 bp −$9	17.5 bp −$175	39.0 bp −$3,903	doesn't fit
Sell BingX live order book, 13 min ago	1.10 bp	11.8 bp −$12	27.0 bp −$270	80.9 bp −$8,090	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 −0.0004%	1h	9.1106	−0.103%	$37K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−3.180%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0056%	1h	9.1167	−0.036%	$455	$5	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.1100	−0.110%	$917K	$4.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.1296	+0.105%	$1.0M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.1143	−0.063%	$297K	$589K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.1254	+0.059%	$225.8M	$625.8M	75x	as long as short
Bybit UNIUSDTlong	+0.0100%	8h	9.1200	long leg	$102.4M	$110.6M	75x
OKX UNI-USDT-SWAP	+0.0100%	8h	9.1230	+0.033%	$56.0M	$258.1M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.1200	0.000%	$289K	$613K	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	9.1200	0.000%	$23.1M	$62.0M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.1250	+0.055%	$48.9M	$25.2M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.1220	+0.022%	$13.7M	$13.1M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.1250	+0.055%	$33.6M	$43.8M	75x	as long as short
BingX UNI-USDCshort	+0.0100%	8h	9.1270	+0.077%	—	$6.5M	—
Backpack UNI_USDC_PERP	+0.0100%	1h	9.1293	+0.102%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.1490	+0.318%	$4.3M	$4.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.1329	+0.141%	$172K	$344K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.1208	+0.009%	$635K	$2.7M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0950	−0.274%	$89K	$694K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.1330	+0.143%	$36K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.1104	−0.105%	$87K	$420K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.1170	−0.033%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.1196	−0.004%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.1201	+0.001%	$22K	$781K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.1300	+0.110%	$717K	$4.5M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.1210	+0.011%	$27.6M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0101%	8h	9.1074	−0.138%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.1156	−0.048%	$301K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.1210	+0.011%	$32K	—	3x	as long as short
dYdX UNI-USD	+0.0170%	1h	9.1124	−0.084%	$240K	$30K	10x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0172%	1h	9.1218	+0.020%	$584K	$193K	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.1200	0.000%	$10.4M	$3.6M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0248%	1h	9.1340	+0.154%	$1.1M	$5.4M	50x	as long as short
Kraken Futures PF_UNIUSD	+0.0268%	1h	9.1254	+0.059%	$5.1M	$7.8M	50x	as long as short
Reya UNIRUSDPERP	+0.0371%	1h	9.1061	−0.152%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.1095	−0.115%	$648K	—	120x	as long as short
Lighter UNI	+0.0416%	1h	9.1333	+0.146%	$4.6M	$5.8M	15x	as long as short
Hyperliquid UNI	+0.0541%	1h	9.1381	+0.198%	$99.3M	$61.4M	10x	as long as short
Aftermath Perps UNIUSD	+0.1015%	1h	9.1251	+0.056%	$1K	$46K	10x	as long as short