Settings8H · net · $10k
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Funding arb · Price arb /

UNI

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 00:00 UTC+0.0126%/8h= +13.8% APRnext payment +$1.26 per $10,000 · paid last 24h +0.035%
Price spread now: Phemex against Bybit+0.079%7-day average +0.092% · you sell dearer than you buy
Net, funding: paid 7d − costs−$35as in the Funding arb table
Net, price: spread back to 7d avg − costs−$41as in the Price arb table
costs, in and out, $10k−$390.395% of the position
Long on BybitShort on Phemex
What this pair did over the last
the charts below follow
Funding, last 7 days+0.049%+$5 on $10k
Price spread, last 3 days (all we have)+0.254%+$25 · spread now +0.079%, 7d avg +0.092%
Together, before fees+0.303%+$30 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.092%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit UNIUSDT8.8300−0.0026get 0.0026% / 8h1h 37m$100.8M$104.4M75x
ShortPhemex UNIUSDT8.83700.0100get 0.0100% / 8h1h 37m$26.6M$4.5M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phemex 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

Funding earned
$26.39
Price spread: +0.079% → +0.092%
−$1.29
Slippage, 4 orders
−$16.46
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Phemex: 6 bp × 2 orders
−$12
Net
−$14.35
Costs to cover
0.395%
Break-even
10.8 days
Slippage from Bybit: live order book, 1 min ago; Phemex: live order book, 6 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 1 min ago0.57 bp9.2 bp −$914.7 bp −$14741.9 bp −$4,194doesn't fit
Sell Phemex live order book, 6 min ago2.27 bp8.3 bp −$824.6 bp −$246doesn't fitdoesn't fit

UNI on 40 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni UNI−0.0078%8h8.8285−0.017%$3.9M$4.6M—as long as short
Bybit UNIUSDTlong−0.0026%8h8.8300long leg$100.8M$104.4M75x
Deribit UNI_USDC-PERPETUAL0.0000%1h8.8430+0.147%$563K$157K50xas long as short
gTrade (Gains Network) UNI/USDL +0.0004% / S −0.0006%1h8.8424+0.140%$80K—150xas long as short
Injective UNI/USDC PERP+0.0033%1h8.7900−0.453%$657$96K12xas long as short
OKX UNI-USDT-SWAP+0.0038%8h8.8310+0.011%$54.7M$243.5M50xas long as short
01 Exchange UNIUSD+0.0040%1h8.8382+0.093%$441—10xas long as short
Paradex UNI-USD-PERP+0.0100%8h8.8298−0.002%$25K—20xas long as short
Nado UNI-PERP+0.0100%1h8.8360+0.068%$862K$4.0M10xas long as short
Aster UNIUSDT+0.0100%8h8.8390+0.102%$1.0M$3.4M50xas long as short
Show all 40 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica UNI+0.0100%1h8.8320+0.023%$296K$570K10xas long as short
Binance UNIUSDT+0.0100%8h8.8327+0.030%$216.9M$588.4M75xas long as short
Arcus UNI-USD+0.0100%1h8.8420+0.136%$273K$606K10xas long as short
Gate UNI_USDT+0.0100%8h8.8350+0.057%$22.9M$58.4M75xas long as short
MEXC UNI_USDT+0.0100%8h8.8370+0.079%$42.6M$24.4M200xas long as short
KuCoin UNIUSDTM+0.0100%8h8.8340+0.045%$13.5M$13.8M75xas long as short
Bitget UNIUSDT+0.0100%8h8.8340+0.045%$32.1M$41.3M75xas long as short
BingX UNI-USDT+0.0100%8h8.8350+0.057%—$51.9M—as long as short
Backpack UNI_USDC_PERP+0.0100%1h8.8367+0.076%$978K$2.3M10xas long as short
edgeX UNIUSDC+0.0100%4h8.8253−0.053%$166K$342K20xas long as short
GRVT UNI_USDT_Perp+0.0100%8h8.8239−0.069%$612K$2.5M10xas long as short
ApeX Omni UNIUSDT+0.0100%1h8.8240−0.068%$87K$714K50xas long as short
StandX UNI-USD+0.0100%1h8.8340+0.045%$105K$3.2M20xas long as short
Polymarket Perps UNI-USD+0.0100%1h8.8380+0.091%$87K$351K10xas long as short
Orderly PERP_UNI_USDC+0.0100%8h8.8380+0.091%$16K$1.7M10xas long as short
SunX UNI-USDT+0.0100%8h8.8397+0.110%$36K$1.3M30xas long as short
SoDEX UNI-USD+0.0100%1h8.8335+0.040%$25K$666K10xas long as short
HTX UNI-USDT+0.0100%8h8.8483+0.207%$727K$4.3M75xas long as short
Phemex UNIUSDTshort+0.0100%8h8.8370+0.079%$26.6M$4.5M50x
Extended UNI-USD+0.0104%1h8.8352+0.058%$300K$1.4M25xas long as short
Aevo UNI-PERP+0.0104%1h8.8340+0.045%$31K$1K3xas long as short
dYdX UNI-USD+0.0119%1h8.8366+0.075%$245K$6K10xas long as short
BloFin UNI-USDT+0.0220%8h8.8400+0.113%$9.8M$3.3M75xas long as short
Coinbase International UNI-PERP-INTX+0.0224%1h8.8410+0.125%$1.0M$5.3M50xas long as short
Hyperliquid UNI+0.0332%1h8.8475+0.198%$96.8M$59.1M10xas long as short
Kraken Futures PF_UNIUSD+0.0343%1h8.8378+0.089%$4.9M$7.0M50xas long as short
Reya UNIRUSDPERP+0.0362%1h8.8352+0.058%$16K—20xas long as short
GMX UNI/USD [UNI-USDC]L +0.0379% / S −0.0319%1h8.8414+0.129%$554K—120xas long as short
Lighter UNI+0.0584%1h8.8515+0.243%$4.5M$5.2M15xas long as short
Aftermath Perps UNIUSD+0.0613%1h8.8280−0.023%$1K$49K10xas long as short