Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.004%

Price spread now: Binance against edgeX+0.206%70s7-day average −0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$35as 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−$280.282% of the position

Long on edgeX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.067%−$7 on $10k

Price spread, last 3 days (all we have)−0.372%−$37 · spread now +0.206%, 7d avg −0.004%

Together, before fees−0.439%+ Points / potential airdropedgeX: Active · farm board−$44 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.210% dearer against edgeX than usual: you sell high and buy low, +$21 on $10k if it goes back to its 7-day average of −0.004%. The two prices were read 70 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	edgeX UNIUSDC	8.8018	0.0100	pay 0.0050% / 4h	2h 54m	$165K	$342K	20x
Short	Binance UNIUSDT	8.8200	0.0100	get 0.0100% / 8h	2h 54m	$216.0M	$593.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against edgeX. 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 edgeXbpFee BinancebpOrdersPrice spread, now +0.206%Rate

Funding earned: $0
Price spread: +0.206% → −0.004%: $20.99
Slippage, 4 orders: −$9.24
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Binance: 5 bp × 2 orders: −$10
Net: −$7.25
Costs to cover: 0.282%
Break-even: never at this rate

Slippage from edgeX: live order book, 34 min ago; Binance: live order book, 5 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 edgeX live order book, 34 min ago	2.26 bp	7.2 bp −$7	19.8 bp −$198	doesn't fit	doesn't fit
Sell Binance live order book, 5 min ago	0.57 bp	6.9 bp −$7	12.2 bp −$122	44.9 bp −$4,487	158.6 bp −$79.3K

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	−0.0201%	8h	8.8015	−0.004%	$3.9M	$4.9M	—	as long as short
Bybit UNIUSDT	−0.0190%	8h	8.8170	+0.172%	$102.7M	$104.0M	75x	as long as short
01 Exchange UNIUSD	−0.0064%	1h	8.8233	+0.244%	$440	—	10x	as long as short
Deribit UNI_USDC-PERPETUAL	0.0000%	1h	8.8279	+0.296%	$551K	$125K	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0006%	1h	8.8242	+0.254%	$79K	—	150x	as long as short
OKX UNI-USDT-SWAP	+0.0011%	8h	8.8180	+0.184%	$54.3M	$244.9M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8165	+0.167%	$25K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.8080	+0.070%	$851K	$3.9M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.8239	+0.251%	$1.0M	$3.4M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.8242	+0.254%	$297K	$559K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance UNIUSDTshort	+0.0100%	8h	8.8200	+0.206%	$216.0M	$593.9M	75x
Arcus UNI-USD	+0.0100%	1h	8.8310	+0.331%	$272K	$605K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.8210	+0.218%	$22.9M	$58.8M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.8170	+0.172%	$42.7M	$24.4M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.8200	+0.206%	$13.7M	$13.7M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8180	+0.184%	$31.9M	$41.0M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	8.8180	+0.184%	—	$49.9M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8449	+0.489%	$979K	$2.4M	10x	as long as short
edgeX UNIUSDClong	+0.0100%	4h	8.8018	long leg	$165K	$342K	20x
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8080	+0.070%	$616K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8040	+0.024%	$83K	$713K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8390	+0.422%	$105K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.8156	+0.156%	$87K	$339K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8200	+0.206%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.8177	+0.180%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.8221	+0.230%	$28K	$659K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.8246	+0.258%	$721K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8230	+0.240%	$26.6M	$4.4M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8168	+0.170%	$307K	$1.4M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8257	+0.271%	$31K	$1K	3x	as long as short
Coinbase International UNI-PERP-INTX	+0.0200%	1h	8.8250	+0.263%	$1.0M	$5.3M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.8380	+0.411%	$9.8M	$3.3M	75x	as long as short
Kraken Futures PF_UNIUSD	+0.0270%	1h	8.8268	+0.283%	$4.9M	$7.1M	50x	as long as short
Reya UNIRUSDPERP	+0.0359%	1h	8.8099	+0.091%	$16K	—	20x	as long as short
dYdX UNI-USD	+0.0369%	1h	8.8304	+0.325%	$245K	$5K	10x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0380% / S −0.0320%	1h	8.8234	+0.245%	$553K	—	120x	as long as short
Lighter UNI	+0.0472%	1h	8.8424	+0.461%	$4.5M	$5.3M	15x	as long as short
Hyperliquid UNI	+0.0472%	1h	8.8275	+0.291%	$96.0M	$59.5M	10x	as long as short
Aftermath Perps UNIUSD	+0.0508%	1h	8.8193	+0.198%	$1K	$50K	10x	as long as short
Injective UNI/USDC PERP	+0.2702%	1h	8.7900	−0.135%	$657	$97K	12x	as long as short