Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.027%

Price spread now: Extended against Bybit−0.064%7-day average +0.020% · you buy dearer than you sell

Net, funding: paid 7d − costs−$16as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$290.290% of the position

Long on Bybit Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.133%+$13 on $10k

Price spread, last 7 days+0.119%+$12 · spread now −0.064%, 7d avg +0.020%

Together, before fees+0.252%+ Points / potential airdropExtended: Active · farm board+$25 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: Extended is 0.085% cheaper against Bybit than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.020%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit UNIUSDT	9.0450	0.0100	pay 0.0100% / 8h	4h 28m	$101.5M	$110.9M	75x
Short	Extended UNI-USD	9.0392	0.0104	get 0.0013% / 1h	28m 40s	$293K	$1.6M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.064%Rate

Funding earned: $0.84
Price spread: −0.064% → +0.020%: −$8.46
Slippage, 4 orders: −$13.03
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$36.64
Costs to cover: 0.290%
Break-even: 312.4 days

Slippage from Bybit: live order book, 5 min ago; Extended: live order book, 5 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, 5 min ago	0.56 bp	9.1 bp −$9	17.2 bp −$172	40.5 bp −$4,047	doesn't fit
Sell Extended live order book, 5 min ago	0.05 bp	3.9 bp −$4	8.2 bp −$82	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
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	9.0917	+0.517%	$37K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−2.377%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0064%	1h	9.0958	+0.562%	$454	$5	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.0905	+0.503%	$896K	$4.4M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.0690	+0.265%	$841K	$3.5M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.0509	+0.065%	$294K	$599K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.0465	+0.017%	$222.5M	$636.5M	75x	as long as short
Bybit UNIUSDTlong	+0.0100%	8h	9.0450	long leg	$101.5M	$110.9M	75x
OKX UNI-USDT-SWAP	+0.0100%	8h	9.0420	−0.033%	$55.0M	$260.0M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.1030	+0.641%	$315K	$651K	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	9.0640	+0.210%	$23.5M	$63.5M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0490	+0.044%	$47.9M	$25.4M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0530	+0.088%	$13.6M	$13.2M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0560	+0.122%	$33.4M	$44.8M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	9.0570	+0.133%	—	$56.6M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.0825	+0.415%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.0539	+0.099%	$4.3M	$4.2M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.0568	+0.131%	$171K	$346K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0621	+0.189%	$632K	$2.7M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0190	−0.287%	$92K	$698K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0580	+0.144%	$15K	$3.4M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.0965	+0.569%	$88K	$425K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.0890	+0.486%	$16K	$1.5M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.0983	+0.589%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.0858	+0.451%	$22K	$790K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.0880	+0.475%	$717K	$4.6M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.0840	+0.431%	$27.5M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.0404	−0.051%	$26K	—	20x	as long as short
Extended UNI-USDshort	+0.0104%	1h	9.0392	−0.064%	$293K	$1.6M	25x
Aevo UNI-PERP	+0.0104%	1h	9.0875	+0.470%	$32K	—	3x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0115%	1h	9.0951	+0.554%	$583K	$193K	50x	as long as short
dYdX UNI-USD	+0.0116%	1h	9.0528	+0.086%	$238K	$30K	10x	as long as short
Lighter UNI	+0.0200%	1h	9.0658	+0.230%	$4.6M	$5.8M	15x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.0820	+0.409%	$10.4M	$3.6M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0248%	1h	9.0990	+0.597%	$1.1M	$5.7M	50x	as long as short
Kraken Futures PF_UNIUSD	+0.0269%	1h	9.0934	+0.536%	$5.0M	$7.9M	50x	as long as short
Reya UNIRUSDPERP	+0.0372%	1h	9.0952	+0.555%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.0944	+0.547%	$647K	—	120x	as long as short
Hyperliquid UNI	+0.0393%	1h	9.0668	+0.241%	$98.2M	$62.5M	10x	as long as short
Aftermath Perps UNIUSD	+0.0991%	1h	9.0563	+0.125%	$1K	$46K	10x	as long as short