Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0007%/8h= +0.8% APRpaid last 24h +0.002%

Price spread now: Bitget against Deribit−0.066%7-day average −0.081% · you buy dearer than you sell

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$460.459% of the position

Long on Deribit Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.034%+$3 on $10k

Price spread, last 4 days (all we have)−0.503%−$50 · spread now −0.066%, 7d avg −0.081%

Together, before fees−0.469%−$47 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit UNI_USDC-PERPETUAL	9.0649	0.0093	pay 0.0012% / 1h	31m 14s	$581K	$193K	50x
Short	Bitget UNIUSDT	9.0590	0.0100	get 0.0100% / 8h	4h 31m	$33.4M	$44.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Deribit. 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 DeribitbpFee BitgetbpOrdersPrice spread, now −0.066%Rate

Funding earned: $1.47
Price spread: −0.066% → −0.081%: $1.51
Slippage, 4 orders: −$26.95
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$42.97
Costs to cover: 0.459%
Break-even: 211.6 days

Slippage from Deribit: live order book, 28 min ago; Bitget: live order book, 3 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 Deribit live order book, 28 min ago	8.16 bp	13.0 bp −$13	21.4 bp −$214	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	1.11 bp	10.9 bp −$11	20.3 bp −$203	45.3 bp −$4,533	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	9.0622	−0.030%	$37K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−2.592%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0064%	1h	9.0598	−0.057%	$452	$5	10x	as long as short
Deribit UNI_USDC-PERPETUALlong	+0.0093%	1h	9.0649	long leg	$581K	$193K	50x
Nado UNI-PERP	+0.0100%	1h	9.0555	−0.104%	$896K	$4.4M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.0656	+0.007%	$841K	$3.5M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.0596	−0.059%	$294K	$593K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.0626	−0.026%	$222.6M	$636.5M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.0600	−0.054%	$101.7M	$110.9M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.0610	−0.043%	$55.0M	$260.3M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus UNI-USD	+0.0100%	1h	9.0700	+0.056%	$314K	$651K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.0620	−0.032%	$23.6M	$63.4M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0610	−0.043%	$47.9M	$25.4M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0630	−0.021%	$13.6M	$13.2M	75x	as long as short
Bitget UNIUSDTshort	+0.0100%	8h	9.0590	−0.066%	$33.4M	$44.8M	75x
BingX UNI-USDT	+0.0100%	8h	9.0590	−0.066%	—	$56.6M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.0758	+0.120%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	8.9859	−0.872%	$4.2M	$4.2M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.9922	−0.802%	$170K	$345K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.9959	−0.762%	$633K	$2.7M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0190	−0.507%	$92K	$698K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0480	−0.187%	$16K	$3.4M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.0601	−0.053%	$87K	$425K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.0590	−0.066%	$16K	$1.5M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.0680	+0.034%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.0616	−0.037%	$22K	$789K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.0683	+0.037%	$715K	$4.6M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.0630	−0.021%	$27.4M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.0568	−0.090%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0572	−0.086%	$293K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0610	−0.043%	$32K	—	3x	as long as short
dYdX UNI-USD	+0.0105%	1h	9.0612	−0.041%	$239K	$30K	10x	as long as short
Lighter UNI	+0.0208%	1h	9.0749	+0.110%	$4.6M	$5.8M	15x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.0630	−0.021%	$10.4M	$3.6M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0248%	1h	9.0700	+0.056%	$1.1M	$5.7M	50x	as long as short
Kraken Futures PF_UNIUSD	+0.0270%	1h	9.0681	+0.034%	$5.0M	$7.9M	50x	as long as short
Reya UNIRUSDPERP	+0.0372%	1h	9.0582	−0.074%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.0592	−0.063%	$645K	—	120x	as long as short
Hyperliquid UNI	+0.0410%	1h	9.0714	+0.071%	$98.3M	$62.4M	10x	as long as short
Aftermath Perps UNIUSD	+0.1003%	1h	9.0368	−0.311%	$1K	$46K	10x	as long as short