Funding arb · Price arb /

UNI

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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: Bitget against edgeX−0.328%64s7-day average −0.036% · you buy dearer than you sell

Net, funding: paid 7d − costs−$44as 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−$360.361% of the position

Long on edgeX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.077%−$8 on $10k

Price spread, last 3 days (all we have)+0.289%+$29 · spread now −0.328%, 7d avg −0.036%

Together, before fees+0.213%+ Points / potential airdropedgeX: Active · farm board+$21 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: Bitget is 0.292% cheaper against edgeX than usual: you would sell low and buy high, −$29 on $10k if it goes back to its 7-day average of −0.036%. The two prices were read 64 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	9.0357	0.0100	pay 0.0050% / 4h	34m 31s	$170K	$343K	20x
Short	Bitget UNIUSDT	9.0060	0.0100	get 0.0100% / 8h	34m 31s	$32.9M	$42.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.328%Rate

Funding earned: $0
Price spread: −0.328% → −0.036%: −$29.19
Slippage, 4 orders: −$15.1
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$65.28
Costs to cover: 0.361%
Break-even: never at this rate

Slippage from edgeX: live order book, 44 min ago; Bitget: 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 edgeX live order book, 44 min ago	2.25 bp	7.1 bp −$7	17.5 bp −$175	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	1.11 bp	10.3 bp −$10	17.5 bp −$175	41.4 bp −$4,143	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
Injective UNI/USDC PERP	−0.0049%	1h	8.8300	−2.276%	$660	$155K	12x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	9.0096	−0.288%	$62K	—	150x	as long as short
Variational Omni UNI	+0.0033%	8h	9.0185	−0.190%	$4.1M	$4.4M	—	as long as short
dYdX UNI-USD	+0.0046%	1h	9.0074	−0.313%	$249K	$6K	10x	as long as short
Bybit UNIUSDT	+0.0073%	8h	9.0030	−0.361%	$102.8M	$104.4M	75x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0075%	1h	9.0122	−0.260%	$580K	$176K	50x	as long as short
OKX UNI-USDT-SWAP	+0.0089%	8h	9.0020	−0.373%	$55.3M	$249.2M	50x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.0015	−0.378%	$947K	$4.2M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.0161	−0.216%	$1.0M	$3.3M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.0100	−0.284%	$298K	$591K	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	9.0071	−0.317%	$222.6M	$588.8M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.0160	−0.218%	$278K	$620K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.0080	−0.306%	$23.1M	$58.6M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0090	−0.295%	$43.4M	$23.9M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0080	−0.306%	$13.7M	$13.5M	75x	as long as short
Bitget UNIUSDTshort	+0.0100%	8h	9.0060	−0.328%	$32.9M	$42.0M	75x
BingX UNI-USDT	+0.0100%	8h	9.0070	−0.317%	—	$51.9M	—	as long as short
edgeX UNIUSDClong	+0.0100%	4h	9.0357	long leg	$170K	$343K	20x
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0280	−0.085%	$638K	$2.5M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0390	+0.037%	$89K	$713K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0140	−0.240%	$36K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.0056	−0.333%	$88K	$356K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.0070	−0.317%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.0118	−0.264%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.0070	−0.317%	$25K	$669K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.0256	−0.111%	$736K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.0100	−0.284%	$27.2M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.0045	−0.345%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0040	−0.351%	$303K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0080	−0.306%	$32K	$1K	3x	as long as short
Backpack UNI_USDC_PERP	+0.0112%	1h	9.0119	−0.263%	$1.0M	$2.4M	10x	as long as short
01 Exchange UNIUSD	+0.0200%	1h	9.0127	−0.254%	$450	—	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.0100	−0.284%	$10.1M	$3.5M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0232%	1h	9.0130	−0.251%	$1.1M	$5.4M	50x	as long as short
Reya UNIRUSDPERP	+0.0364%	1h	9.0017	−0.376%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0380% / S −0.0320%	1h	9.0085	−0.301%	$567K	—	120x	as long as short
Kraken Futures PF_UNIUSD	+0.0561%	1h	9.0154	−0.224%	$5.0M	$7.0M	50x	as long as short
Hyperliquid UNI	+0.0603%	1h	9.0181	−0.194%	$98.9M	$58.9M	10x	as long as short
Aftermath Perps UNIUSD	+0.0788%	1h	9.0361	+0.005%	$1K	$49K	10x	as long as short
Lighter UNI	+0.0984%	1h	9.0258	−0.109%	$4.6M	$5.2M	15x	as long as short