Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0270%/8h= +29.5% APRpaid last 24h +0.100%

Price spread now: Reya against Bybit−0.021%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 Reya

What this pair did over the last

the charts below follow

Funding, last 3 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 0.021% cheaper against Bybit than usual: you would sell low and buy high (spread −0.021% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 6 hours of funding at the current rate (+$8 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit UNIUSDT	9.0680	0.0100	pay 0.0100% / 8h	5h 39m	$102.1M	$107.8M	75x
Short	Reya UNIRUSDPERP	9.0661	0.0370	get 0.0046% / 1h	39m 48s	$17K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now −0.021%Rate

Funding earned: $56.66
Price spread: −0.021% → 0.000%: −$2.07
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Reya: 3 bp × 2 orders: −$6
Net: $37.59
Costs to cover: 0.170%
Break-even: 2.4 days

Slippage unknown: Bybit: 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 Bybit live order book, 4 min ago	0.55 bp	8.2 bp −$8	15.1 bp −$151	34.7 bp −$3,468	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
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	9.0730	+0.055%	$19K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−2.625%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0088%	1h	9.0807	+0.140%	$453	$5	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.0725	+0.050%	$945K	$4.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.0765	+0.093%	$1.0M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.0850	+0.187%	$296K	$570K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.0720	+0.044%	$226.2M	$609.9M	75x	as long as short
Bybit UNIUSDTlong	+0.0100%	8h	9.0680	long leg	$102.1M	$107.8M	75x
OKX UNI-USDT-SWAP	+0.0100%	8h	9.0620	−0.066%	$56.0M	$252.4M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.0910	+0.254%	$288K	$619K	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	9.0700	+0.022%	$23.4M	$59.5M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0730	+0.055%	$49.1M	$25.1M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0730	+0.055%	$13.6M	$12.9M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0680	0.000%	$33.2M	$42.6M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	9.0730	+0.055%	—	$56.6M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.0696	+0.018%	$987K	$2.2M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.0797	+0.129%	$4.2M	$4.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.1246	+0.625%	$172K	$343K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.1249	+0.628%	$637K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.1290	+0.673%	$89K	$694K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.1320	+0.706%	$58K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.0788	+0.119%	$88K	$412K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.0730	+0.055%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.0724	+0.049%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.0680	0.000%	$22K	$755K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.0787	+0.118%	$719K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.0730	+0.055%	$27.4M	$4.4M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.0843	+0.180%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0680	0.000%	$302K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0690	+0.011%	$32K	—	3x	as long as short
dYdX UNI-USD	+0.0142%	1h	9.0842	+0.178%	$239K	$30K	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.0630	−0.055%	$10.4M	$3.6M	75x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0268%	1h	9.0766	+0.095%	$585K	$191K	50x	as long as short
Kraken Futures PF_UNIUSD	+0.0270%	1h	9.0754	+0.082%	$5.1M	$7.3M	50x	as long as short
Coinbase International UNI-PERP-INTX	+0.0296%	1h	9.0790	+0.121%	$1.1M	$5.0M	50x	as long as short
Reya UNIRUSDPERPshort	+0.0370%	1h	9.0661	−0.021%	$17K	—	20x
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.0719	+0.043%	$646K	—	120x	as long as short
Hyperliquid UNI	+0.0551%	1h	9.0773	+0.103%	$98.5M	$59.4M	10x	as long as short
Lighter UNI	+0.0600%	1h	9.0686	+0.007%	$4.7M	$5.6M	15x	as long as short
Aftermath Perps UNIUSD	+0.0976%	1h	9.1004	+0.357%	$931	$47K	10x	as long as short