Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0102%/8h= +11.1% APRpaid last 24h +0.035%

Price spread now: StandX against Bybit+0.034%7-day average +0.122% · 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−$54as in the Price arb table

costs, in and out, $10k−$450.449% of the position

Long on Bybit Short on StandX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.097%+$10 on $10k

Price spread, last 7 days+0.001%$0 · spread now +0.034%, 7d avg +0.122%

Together, before fees+0.098%+ Points / potential airdropStandX: Active · farm board+$10 on $10k · with fees, hour by hour

Funding pays, the price is against you. StandX is 0.088% cheaper against Bybit than usual: you would sell low and buy high (spread +0.034% now, against its 7-day average of +0.122%). If the spread goes back, that is −$9 on $10k: about 2.9 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.097% in total) that is about 6.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit UNIUSDT	8.8850	−0.0002	get 0.0002% / 8h	1h 21m	$101.3M	$104.6M	75x
Short	StandX UNI-USD	8.8880	0.0100	get 0.0013% / 1h	21m 33s	$106K	$3.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

StandX 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 StandXbpOrdersPrice spread, now +0.034%Rate

Funding earned: $21.33
Price spread: +0.034% → +0.122%: −$8.79
Slippage, 4 orders: −$25.9
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee StandX: 4 bp × 2 orders: −$8
Net: −$32.36
Costs to cover: 0.449%
Break-even: 17.6 days

Slippage from Bybit: live order book, 2 min ago; StandX: live order book, 2 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, 2 min ago	0.56 bp	8.3 bp −$8	14.7 bp −$147	34.0 bp −$3,403	doesn't fit
Sell StandX live order book, 2 min ago	6.20 bp	13.6 bp −$14	45.0 bp −$450	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
Variational Omni UNI	−0.0057%	8h	8.8474	−0.423%	$3.9M	$4.5M	—	as long as short
Bybit UNIUSDTlong	−0.0002%	8h	8.8850	long leg	$101.3M	$104.6M	75x
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	8.8904	+0.061%	$62K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−0.619%	$660	$155K	12x	as long as short
OKX UNI-USDT-SWAP	+0.0048%	8h	8.8820	−0.034%	$55.0M	$245.0M	50x	as long as short
01 Exchange UNIUSD	+0.0056%	1h	8.8960	+0.124%	$444	—	10x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8847	−0.003%	$25K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.8832	−0.020%	$941K	$4.0M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.8938	+0.099%	$1.0M	$3.3M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.8922	+0.081%	$298K	$570K	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	8.8869	+0.022%	$218.0M	$588.4M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.8980	+0.146%	$283K	$615K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.8890	+0.045%	$23.1M	$58.6M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.8910	+0.068%	$43.0M	$24.5M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.8910	+0.068%	$13.6M	$13.7M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8850	0.000%	$32.2M	$41.4M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.8890	+0.045%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8929	+0.089%	$988K	$2.3M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8599	−0.282%	$167K	$343K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8775	−0.084%	$626K	$2.5M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8740	−0.124%	$88K	$712K	50x	as long as short
StandX UNI-USDshort	+0.0100%	1h	8.8880	+0.034%	$106K	$3.2M	20x
Polymarket Perps UNI-USD	+0.0100%	1h	8.8871	+0.024%	$86K	$354K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8860	+0.011%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.8910	+0.068%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.8870	+0.023%	$25K	$666K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.8960	+0.124%	$730K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8850	0.000%	$26.7M	$4.4M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8865	+0.017%	$301K	$1.4M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8895	+0.051%	$32K	$1K	3x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0118%	1h	8.8934	+0.095%	$565K	$157K	50x	as long as short
dYdX UNI-USD	+0.0139%	1h	8.8948	+0.111%	$246K	$6K	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.8710	−0.158%	$9.8M	$3.4M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0224%	1h	8.8890	+0.045%	$1.1M	$5.3M	50x	as long as short
Kraken Futures PF_UNIUSD	+0.0340%	1h	8.8950	+0.112%	$5.0M	$7.0M	50x	as long as short
Hyperliquid UNI	+0.0342%	1h	8.9007	+0.177%	$97.6M	$59.1M	10x	as long as short
Reya UNIRUSDPERP	+0.0362%	1h	8.8798	−0.059%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0379% / S −0.0319%	1h	8.8896	+0.052%	$557K	—	120x	as long as short
Lighter UNI	+0.0592%	1h	8.9104	+0.286%	$4.6M	$5.2M	15x	as long as short
Aftermath Perps UNIUSD	+0.0622%	1h	8.8616	−0.263%	$1K	$49K	10x	as long as short