Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0019%/8h= −2.1% APRpaid last 24h +0.041%

Price spread now: BloFin against Deribit−0.308%57s7-day average −0.026% · you buy dearer than you sell

Net, funding: paid 7d − costs−$16as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$460.464% of the position

Long on Deribit Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.300%+$30 on $10k

Price spread, last 3 days (all we have)+0.215%+$21 · spread now −0.308%, 7d avg −0.026%

Together, before fees+0.514%+$51 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.282% cheaper against Deribit than usual: you would sell low and buy high (−$28 if the spread goes back to its 7-day average of −0.026%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.300%, so the current rate has only just turned against you. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit UNI_USDC-PERPETUAL	9.2134	0.0239	pay 0.0030% / 1h	39m 26s	$594K	$178K	50x
Short	BloFin UNI-USDT	9.1850	0.0220	get 0.0220% / 8h	7h 39m	$10.1M	$3.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.308%Rate

Funding earned: −$3.99
Price spread: −0.308% → −0.026%: −$28.2
Slippage, 4 orders: −$27.4
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$78.6
Costs to cover: 0.464%
Break-even: never at this rate

Slippage from Deribit: live order book, 34 min ago; BloFin: live order book, 4 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, 34 min ago	7.01 bp	11.5 bp −$11	19.3 bp −$193	doesn't fit	doesn't fit
Sell BloFin live order book, 4 min ago	1.64 bp	10.8 bp −$11	14.8 bp −$148	36.6 bp −$3,659	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
Phemex UNIUSDT	−0.0065%	8h	9.2000	−0.145%	$27.8M	$4.5M	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0005%	1h	9.2003	−0.142%	$75K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−4.161%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0064%	1h	9.2085	−0.053%	$460	—	10x	as long as short
OKX UNI-USDT-SWAP	+0.0097%	8h	9.2030	−0.113%	$56.6M	$256.2M	50x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.1943	−0.208%	$972K	$4.2M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.2137	+0.004%	$1.1M	$3.4M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.2050	−0.091%	$309K	$583K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.2057	−0.084%	$230.4M	$591.4M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.2000	−0.145%	$103.6M	$106.4M	75x	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	9.2140	+0.007%	$274K	$616K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.2000	−0.145%	$23.2M	$58.3M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.2030	−0.113%	$45.0M	$23.7M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.2050	−0.091%	$13.8M	$13.5M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.2010	−0.134%	$33.7M	$41.9M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.2000	−0.145%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.2108	−0.028%	$1.0M	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.1681	−0.492%	$4.2M	$4.4M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.1739	−0.428%	$173K	$343K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.1211	−1.002%	$637K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.1780	−0.384%	$90K	$708K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.1770	−0.395%	$37K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.2062	−0.078%	$86K	$375K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.2090	−0.047%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.2156	+0.024%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.2093	−0.044%	$22K	$702K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.2159	+0.027%	$737K	$4.4M	75x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.1985	−0.161%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.1961	−0.187%	$306K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.2095	−0.042%	$33K	—	3x	as long as short
dYdX UNI-USD	+0.0137%	1h	9.2015	−0.129%	$254K	$7K	10x	as long as short
BloFin UNI-USDTshort	+0.0220%	8h	9.1850	−0.308%	$10.1M	$3.6M	75x
Deribit UNI_USDC-PERPETUALlong	+0.0239%	1h	9.2134	long leg	$594K	$178K	50x
Coinbase International UNI-PERP-INTX	+0.0272%	1h	9.2150	+0.018%	$1.1M	$5.6M	50x	as long as short
Reya UNIRUSDPERP	+0.0366%	1h	9.1993	−0.153%	$17K	—	20x	as long as short
Kraken Futures PF_UNIUSD	+0.0381%	1h	9.2151	+0.019%	$5.1M	$7.0M	50x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0382% / S −0.0323%	1h	9.2001	−0.144%	$583K	—	120x	as long as short
Hyperliquid UNI	+0.0479%	1h	9.2183	+0.054%	$101.4M	$59.7M	10x	as long as short
Lighter UNI	+0.0840%	1h	9.2217	+0.090%	$4.7M	$5.2M	15x	as long as short
Aftermath Perps UNIUSD	+0.0851%	1h	9.1506	−0.681%	$1K	$49K	10x	as long as short