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

UNI

all UNI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0104%/8h= +11.4% APRnext payment +$0.13 per $10,000 · paid last 24h 0.000%
Price spread now: Extended against Deribit−0.165%7-day average −0.118% · you buy dearer than you sell
Net, funding: paid 7d − costs−$23as in the Funding arb table
Net, price: spread back to 7d avg − costs−$41as in the Price arb table
costs, in and out, $10k−$360.364% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.134%+$13 on $10k
Price spread, last 4 days (all we have)−0.032%−$3 · spread now −0.165%, 7d avg −0.118%
Together, before fees+0.103%+ Points / potential airdropExtended: Active · farm board+$10 on $10k · with fees, hour by hour
Funding pays, the price is against you. Extended is 0.048% cheaper against Deribit than usual: you would sell low and buy high (spread −0.165% now, against its 7-day average of −0.118%). If the spread goes back, that is −$5 on $10k: about 37 hours of funding at the current rate (+$3 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDeribit UNI_USDC-PERPETUAL8.82530get 0.0000% / 1h23m 50s$584K$264K50x
ShortExtended UNI-USD8.81070.0104get 0.0013% / 1h23m 50s$285K$1.7M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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

Funding earned
$21.84
Price spread: −0.165% → −0.118%
−$4.76
Slippage, 4 orders
−$24.44
Fee Deribit: 3.5 bp × 2 orders
−$7
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$19.35
Costs to cover
0.364%
Break-even
13.2 days
Slippage from Deribit: live order book, 15 min ago; Extended: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Deribit live order book, 15 min ago7.71 bp12.7 bp −$1321.2 bp −$212doesn't fitdoesn't fit
Sell Extended live order book, 5 min ago0.06 bp6.2 bp −$610.8 bp −$108doesn't fitdoesn't fit

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
Kraken Futures PF_UNIUSD−0.0308%1h8.8219−0.038%$4.6M$8.6M50xas long as short
01 Exchange UNIUSD−0.0016%1h8.8232−0.023%$440$510xas long as short
Deribit UNI_USDC-PERPETUALlong0.0000%1h8.8253long leg$584K$264K50x
gTrade (Gains Network) UNI/USDL +0.0004% / S −0.0005%1h8.8237−0.018%$72K150xas long as short
Injective UNI/USDC PERP+0.0033%1h8.8300+0.054%$660$153K12xas long as short
Nado UNI-PERP+0.0041%1h8.8168−0.096%$722K$4.7M10xas long as short
Polymarket Perps UNI-USD+0.0057%1h8.8216−0.041%$104K$615K10xas long as short
Lighter UNI+0.0096%1h8.8254+0.002%$4.4M$5.6M15xas long as short
Paradex UNI-USD-PERP+0.0100%8h8.8168−0.095%$25K20xas long as short
Hyperliquid UNI+0.0100%1h8.8233−0.022%$94.0M$67.5M10xas long as short
Show all 40 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster UNIUSDT+0.0100%8h8.8200−0.060%$717K$3.3M50xas long as short
Pacifica UNI+0.0100%1h8.8211−0.048%$285K$599K10xas long as short
Binance UNIUSDT+0.0100%8h8.8160−0.105%$213.5M$651.8M75xas long as short
Bybit UNIUSDT+0.0100%8h8.8120−0.150%$97.6M$110.5M75xas long as short
OKX UNI-USDT-SWAP+0.0100%8h8.8120−0.150%$54.0M$260.1M50xas long as short
Arcus UNI-USD+0.0100%1h8.8230−0.026%$315K$690K10xas long as short
Gate UNI_USDT+0.0100%8h8.8150−0.116%$25.9M$66.4M75xas long as short
MEXC UNI_USDT+0.0100%8h8.8140−0.128%$47.8M$26.3M200xas long as short
KuCoin UNIUSDTM+0.0100%8h8.8180−0.082%$12.9M$13.3M75xas long as short
Bitget UNIUSDT+0.0100%8h8.8130−0.139%$32.3M$45.3M75xas long as short
BingX UNI-USDT+0.0100%8h8.8130−0.139%$57.1Mas long as short
Backpack UNI_USDC_PERP+0.0100%1h8.8258+0.006%$1.0M$2.5M10xas long as short
Variational Omni UNI+0.0100%8h8.8189−0.072%$4.1M$4.1Mas long as short
edgeX UNIUSDC+0.0100%4h8.8421+0.191%$167K$345K20xas long as short
GRVT UNI_USDT_Perp+0.0100%8h8.8330+0.088%$613K$2.6M10xas long as short
ApeX Omni UNIUSDT+0.0100%1h8.8310+0.065%$89K$709K50xas long as short
StandX UNI-USD+0.0100%1h8.8290+0.042%$14K$3.4M20xas long as short
Orderly PERP_UNI_USDC+0.0100%8h8.8170−0.094%$17K$2.2M10xas long as short
SunX UNI-USDT+0.0100%8h8.8243−0.011%$36K$1.3M30xas long as short
SoDEX UNI-USD+0.0100%1h8.8157−0.108%$32K$887K10xas long as short
HTX UNI-USDT+0.0100%8h8.8316+0.072%$695K$4.7M75xas long as short
Phemex UNIUSDT+0.0100%8h8.8160−0.105%$26.6M$4.5M50xas long as short
Extended UNI-USDshort+0.0104%1h8.8107−0.165%$285K$1.7M25x
Aevo UNI-PERP+0.0104%1h8.8179−0.083%$31K3xas long as short
Coinbase International UNI-PERP-INTX+0.0200%1h8.8270+0.020%$919K$5.4M50xas long as short
BloFin UNI-USDT+0.0220%8h8.8240−0.014%$10.1M$3.6M75xas long as short
Aftermath Perps UNIUSD+0.0381%1h8.8403+0.170%$945$52K10xas long as short
Reya UNIRUSDPERP+0.0381%1h8.8145−0.122%$16K20xas long as short
GMX UNI/USD [UNI-USDC]L +0.0381% / S −0.0243%1h8.8245−0.008%$628K120xas long as short
dYdX UNI-USD+0.0560%1h8.8223−0.033%$232K$30K10xas long as short