Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0028%/8h= −3.1% APRpaid last 24h +0.012%

Price spread now: edgeX against Deribit−0.289%7-day average −0.044% · you buy dearer than you sell

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$66as in the Price arb table

costs, in and out, $10k−$410.414% of the position

Long on Deribit Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.125%+$13 on $10k

Price spread, last 3 days (all we have)−0.020%−$2 · spread now −0.289%, 7d avg −0.044%

Together, before fees+0.105%+ Points / potential airdropedgeX: Active · farm board+$10 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 edgeX is 0.244% cheaper against Deribit than usual: you would sell low and buy high (−$24 if the spread goes back to its 7-day average of −0.044%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.125%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit UNI_USDC-PERPETUAL	8.8856	0.0128	pay 0.0016% / 1h	22m 30s	$565K	$157K	50x
Short	edgeX UNIUSDC	8.8599	0.0100	get 0.0050% / 4h	1h 22m	$167K	$343K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.289%Rate

Funding earned: −$5.88
Price spread: −0.289% → −0.044%: −$24.44
Slippage, 4 orders: −$25.4
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$71.72
Costs to cover: 0.414%
Break-even: never at this rate

Slippage from Deribit: live order book, 61 min ago; edgeX: live order book, 61 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, 61 min ago	8.70 bp	15.2 bp −$15	23.4 bp −$234	doesn't fit	doesn't fit
Sell edgeX live order book, 61 min ago	2.24 bp	6.7 bp −$7	18.3 bp −$183	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	−0.430%	$3.9M	$4.5M	—	as long as short
Bybit UNIUSDT	−0.0003%	8h	8.8860	+0.005%	$101.3M	$104.5M	75x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	8.8904	+0.054%	$62K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−0.626%	$660	$155K	12x	as long as short
OKX UNI-USDT-SWAP	+0.0048%	8h	8.8860	+0.005%	$55.0M	$245.0M	50x	as long as short
01 Exchange UNIUSD	+0.0056%	1h	8.8885	+0.033%	$444	—	10x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8798	−0.065%	$25K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.8845	−0.012%	$941K	$4.0M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.8888	+0.035%	$1.0M	$3.3M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.8818	−0.043%	$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	8.8886	+0.034%	$218.1M	$588.2M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.8910	+0.061%	$283K	$615K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.8870	+0.016%	$23.1M	$58.6M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.8850	−0.007%	$42.9M	$24.5M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.8830	−0.029%	$13.6M	$13.7M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8830	−0.029%	$32.2M	$41.4M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	8.8870	+0.016%	—	$51.7M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8833	−0.026%	$986K	$2.3M	10x	as long as short
edgeX UNIUSDCshort	+0.0100%	4h	8.8599	−0.289%	$167K	$343K	20x
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8775	−0.091%	$626K	$2.5M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8740	−0.131%	$88K	$712K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8710	−0.164%	$106K	$3.2M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.8866	+0.011%	$86K	$353K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8860	+0.005%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.8730	−0.142%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.8765	−0.102%	$25K	$666K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.8787	−0.078%	$728K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8770	−0.097%	$26.7M	$4.4M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8798	−0.065%	$301K	$1.4M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8810	−0.052%	$32K	$1K	3x	as long as short
Deribit UNI_USDC-PERPETUALlong	+0.0128%	1h	8.8856	long leg	$565K	$157K	50x
dYdX UNI-USD	+0.0143%	1h	8.8798	−0.066%	$246K	$6K	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.8710	−0.164%	$9.8M	$3.4M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0224%	1h	8.8850	−0.007%	$1.1M	$5.3M	50x	as long as short
Hyperliquid UNI	+0.0335%	1h	8.9004	+0.167%	$97.6M	$59.1M	10x	as long as short
Kraken Futures PF_UNIUSD	+0.0341%	1h	8.8827	−0.033%	$4.9M	$7.0M	50x	as long as short
Reya UNIRUSDPERP	+0.0362%	1h	8.8835	−0.023%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0379% / S −0.0319%	1h	8.8896	+0.045%	$557K	—	120x	as long as short
Lighter UNI	+0.0584%	1h	8.8977	+0.136%	$4.5M	$5.2M	15x	as long as short
Aftermath Perps UNIUSD	+0.0622%	1h	8.8616	−0.270%	$1K	$49K	10x	as long as short