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

UNI

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0068%/8h= +7.4% APRpaid last 24h +0.040%
Price spread now: 01 Exchange against Bybit−0.191%54s7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding pays, the price is against you. 01 Exchange is 0.191% cheaper against Bybit than usual: you would sell low and buy high (spread −0.191% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$19 on $10k: about 9.3 days of funding at the current rate (+$2 a day). The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit UNIUSDT8.97600.0100pay 0.0100% / 8h4m 46s$101.5M$105.5M75x
Short01 Exchange UNIUSD8.95890.0168get 0.0021% / 1h4m 46s$44710x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange 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
$14.28
Price spread: −0.191% → 0.000%
−$19.05
Slippage, 4 orders
no order book: not counted
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
−$22.77
Costs to cover
0.180%
Break-even
18.2 days
Slippage unknown: Bybit: live order book, 4 min ago; 01 Exchange: 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
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 4 min ago0.56 bp8.2 bp −$816.4 bp −$16436.3 bp −$3,632doesn't fit
Sell 01 Exchange no order-book sample
01 Exchange: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective UNI/USDC PERP−0.0049%1h8.8300−1.627%$660$155K12xas long as short
gTrade (Gains Network) UNI/USDL +0.0004% / S −0.0004%1h8.9655−0.117%$62K150xas long as short
OKX UNI-USDT-SWAP+0.0086%8h8.9750−0.011%$54.8M$249.3M50xas long as short
Variational Omni UNI+0.0087%8h8.9503−0.286%$4.1M$4.4Mas long as short
Nado UNI-PERP+0.0100%1h8.9567−0.214%$951K$4.2M10xas long as short
Aster UNIUSDT+0.0100%8h8.9781+0.023%$1.0M$3.3M50xas long as short
Pacifica UNI+0.0100%1h8.9804+0.049%$297K$591K10xas long as short
Binance UNIUSDT+0.0100%8h8.9790+0.033%$222.3M$591.5M75xas long as short
Bybit UNIUSDTlong+0.0100%8h8.9760long leg$101.5M$105.5M75x
Arcus UNI-USD+0.0100%1h8.9650−0.123%$269K$614K10xas long as short
Show all 40 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate UNI_USDT+0.0100%8h8.9750−0.011%$22.9M$59.3M75xas long as short
MEXC UNI_USDT+0.0100%8h8.9790+0.033%$43.9M$24.1M200xas long as short
KuCoin UNIUSDTM+0.0100%8h8.9660−0.111%$13.6M$13.5M75xas long as short
Bitget UNIUSDT+0.0100%8h8.9810+0.056%$32.8M$42.1M75xas long as short
BingX UNI-USDT+0.0100%8h8.9740−0.022%$52.1Mas long as short
Backpack UNI_USDC_PERP+0.0100%1h8.9713−0.052%$1.1M$2.4M10xas long as short
edgeX UNIUSDC+0.0100%4h8.9500−0.290%$168K$344K20xas long as short
GRVT UNI_USDT_Perp+0.0100%8h8.9730−0.033%$624K$2.5M10xas long as short
ApeX Omni UNIUSDT+0.0100%1h8.9490−0.301%$88K$708K50xas long as short
StandX UNI-USD+0.0100%1h8.9580−0.201%$36K$3.3M20xas long as short
Polymarket Perps UNI-USD+0.0100%1h8.9628−0.147%$85K$366K10xas long as short
Orderly PERP_UNI_USDC+0.0100%8h8.9650−0.123%$16K$1.7M10xas long as short
SunX UNI-USDT+0.0100%8h8.9730−0.033%$36K$1.3M30xas long as short
SoDEX UNI-USD+0.0100%1h8.9660−0.111%$21K$676K10xas long as short
HTX UNI-USDT+0.0100%8h8.9597−0.182%$717K$4.3M75xas long as short
Phemex UNIUSDT+0.0100%8h8.9660−0.111%$27.1M$4.5M50xas long as short
Paradex UNI-USD-PERP+0.0100%8h8.9784+0.027%$26K20xas long as short
Extended UNI-USD+0.0104%1h8.9693−0.075%$301K$1.5M25xas long as short
Aevo UNI-PERP+0.0104%1h8.9684−0.085%$32K$1K3xas long as short
01 Exchange UNIUSDshort+0.0168%1h8.9589−0.191%$44710x
BloFin UNI-USDT+0.0220%8h8.9540−0.245%$10.0M$3.5M75xas long as short
Coinbase International UNI-PERP-INTX+0.0232%1h8.9660−0.111%$1.1M$5.4M50xas long as short
dYdX UNI-USD+0.0299%1h8.9830+0.078%$249K$6K10xas long as short
Deribit UNI_USDC-PERPETUAL+0.0339%1h8.9733−0.030%$578K$177K50xas long as short
Reya UNIRUSDPERP+0.0365%1h8.9584−0.196%$16K20xas long as short
GMX UNI/USD [UNI-USDC]L +0.0381% / S −0.0323%1h8.9640−0.134%$567K120xas long as short
Hyperliquid UNI+0.0432%1h8.9882+0.136%$98.3M$59.6M10xas long as short
Kraken Futures PF_UNIUSD+0.0564%1h8.9715−0.050%$5.0M$7.0M50xas long as short
Aftermath Perps UNIUSD+0.0871%1h8.9695−0.072%$1K$49K10xas long as short
Lighter UNI+0.0904%1h8.9982+0.247%$4.6M$5.3M15xas long as short