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 0.000%

Price spread now: BingX against edgeX−0.209%55s7-day average −0.033% · you buy dearer than you sell

Net, funding: paid 7d − costs−$40as 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−$290.291% of the position

Long on edgeX Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.109%−$11 on $10k

Price spread, last 3 days (all we have)+0.210%+$21 · spread now −0.209%, 7d avg −0.033%

Together, before fees+0.100%+ Points / potential airdropedgeX: Active · farm board+$10 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: BingX is 0.175% cheaper against edgeX than usual: you would sell low and buy high, −$18 on $10k if it goes back to its 7-day average of −0.033%. The two prices were read 55 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	8.9828	0.0100	pay 0.0050% / 4h	8m 40s	$169K	$342K	20x
Short	BingX UNI-USDT	8.9640	0.0100	get 0.0100% / 8h	8m 40s	—	$52.0M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.209%Rate

Funding earned: $0
Price spread: −0.209% → −0.033%: −$17.53
Slippage, 4 orders: −$10.1
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee BingX: 5 bp × 2 orders: −$10
Net: −$46.63
Costs to cover: 0.291%
Break-even: never at this rate

Slippage from edgeX: live order book, 5 min ago; BingX: 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, 5 min ago	2.79 bp	7.5 bp −$8	16.0 bp −$160	doesn't fit	doesn't fit
Sell BingX live order book, 5 min ago	1.67 bp	6.7 bp −$7	7.8 bp −$78	17.7 bp −$1,770	32.0 bp −$16.0K

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
Injective UNI/USDC PERP	−0.0049%	1h	8.8300	−1.700%	$660	$155K	12x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	8.9674	−0.171%	$62K	—	150x	as long as short
Variational Omni UNI	+0.0082%	8h	8.9422	−0.451%	$4.1M	$4.4M	—	as long as short
OKX UNI-USDT-SWAP	+0.0085%	8h	8.9600	−0.253%	$54.8M	$248.9M	50x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.9660	−0.186%	$956K	$4.2M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.9718	−0.122%	$1.0M	$3.3M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.9666	−0.180%	$297K	$591K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.9665	−0.181%	$222.0M	$591.3M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	8.9610	−0.242%	$101.4M	$105.3M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.9730	−0.109%	$269K	$614K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate UNI_USDT	+0.0100%	8h	8.9630	−0.220%	$22.8M	$59.2M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.9660	−0.186%	$43.7M	$24.1M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.9680	−0.164%	$13.6M	$13.5M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.9610	−0.242%	$32.8M	$42.0M	75x	as long as short
BingX UNI-USDTshort	+0.0100%	8h	8.9640	−0.209%	—	$52.0M	—
Backpack UNI_USDC_PERP	+0.0100%	1h	8.9720	−0.120%	$1.1M	$2.4M	10x	as long as short
edgeX UNIUSDClong	+0.0100%	4h	8.9828	long leg	$169K	$342K	20x
GRVT UNI_USDT_Perp	+0.0100%	8h	8.9601	−0.252%	$623K	$2.5M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.9890	+0.070%	$88K	$710K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.9520	−0.342%	$36K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.9693	−0.150%	$85K	$366K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.9670	−0.175%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.9750	−0.086%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.9650	−0.198%	$21K	$676K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.9677	−0.168%	$718K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.9650	−0.198%	$27.0M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.9592	−0.262%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	8.9583	−0.273%	$302K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.9683	−0.161%	$32K	$1K	3x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0118%	1h	8.9709	−0.131%	$578K	$177K	50x	as long as short
01 Exchange UNIUSD	+0.0168%	1h	8.9690	−0.153%	$448	—	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.9670	−0.175%	$10.0M	$3.5M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0232%	1h	8.9690	−0.153%	$1.1M	$5.4M	50x	as long as short
dYdX UNI-USD	+0.0305%	1h	8.9651	−0.197%	$248K	$6K	10x	as long as short
Reya UNIRUSDPERP	+0.0365%	1h	8.9634	−0.215%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0323%	1h	8.9666	−0.180%	$567K	—	120x	as long as short
Hyperliquid UNI	+0.0462%	1h	8.9747	−0.090%	$98.3M	$59.5M	10x	as long as short
Kraken Futures PF_UNIUSD	+0.0564%	1h	8.9706	−0.135%	$5.0M	$7.0M	50x	as long as short
Aftermath Perps UNIUSD	+0.0862%	1h	8.9797	−0.034%	$1K	$49K	10x	as long as short
Lighter UNI	+0.0912%	1h	8.9848	+0.023%	$4.6M	$5.3M	15x	as long as short