Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.026%

Price spread now: Bybit against edgeX+0.638%111s7-day average −0.075% · you sell dearer than you buy

Net, funding: paid 7d − costs−$43as 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−$330.334% of the position

Long on edgeX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.097%−$10 on $10k

Price spread, last 4 days (all we have)−0.875%−$88 · spread now +0.638%, 7d avg −0.075%

Together, before fees−0.972%+ Points / potential airdropedgeX: Active · farm board−$97 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: Bybit is 0.713% dearer against edgeX than usual: you sell high and buy low, +$71 on $10k if it goes back to its 7-day average of −0.075%. The two prices were read 111 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	9.0612	0.0100	pay 0.0050% / 4h	1h 43m	$171K	$346K	20x
Short	Bybit UNIUSDT	9.1190	0.0100	get 0.0100% / 8h	5h 43m	$102.7M	$107.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.638%Rate

Funding earned: $0
Price spread: +0.638% → −0.075%: $71.31
Slippage, 4 orders: −$13.38
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $37.93
Costs to cover: 0.334%
Break-even: from the start

Slippage from edgeX: live order book, 20 min ago; Bybit: 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, 20 min ago	2.18 bp	6.8 bp −$7	14.7 bp −$147	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	0.55 bp	10.3 bp −$10	17.2 bp −$172	36.2 bp −$3,622	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
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	9.0967	+0.392%	$19K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−2.552%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0088%	1h	9.1078	+0.514%	$454	$5	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.1052	+0.486%	$947K	$4.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.1250	+0.704%	$1.0M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.1306	+0.766%	$298K	$570K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.1316	+0.776%	$227.8M	$610.0M	75x	as long as short
Bybit UNIUSDTshort	+0.0100%	8h	9.1190	+0.638%	$102.7M	$107.7M	75x
OKX UNI-USDT-SWAP	+0.0100%	8h	9.1220	+0.671%	$56.4M	$253.8M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.1320	+0.781%	$289K	$619K	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	9.1120	+0.560%	$23.5M	$59.3M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.1250	+0.704%	$49.4M	$25.0M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.1270	+0.726%	$13.7M	$12.9M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.1160	+0.605%	$33.4M	$42.6M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.1210	+0.660%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.0988	+0.415%	$991K	$2.2M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.0819	+0.228%	$4.2M	$4.2M	—	as long as short
edgeX UNIUSDClong	+0.0100%	4h	9.0612	long leg	$171K	$346K	20x
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0730	+0.130%	$634K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0770	+0.174%	$89K	$699K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0830	+0.240%	$58K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.1101	+0.539%	$88K	$412K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.0970	+0.395%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.1023	+0.453%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.0970	+0.395%	$22K	$755K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.1183	+0.630%	$720K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.0980	+0.406%	$27.5M	$4.4M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.1156	+0.600%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.1096	+0.534%	$304K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0975	+0.400%	$32K	—	3x	as long as short
dYdX UNI-USD	+0.0169%	1h	9.1243	+0.696%	$240K	$30K	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.1120	+0.560%	—	$3.6M	75x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0233%	1h	9.1020	+0.451%	$587K	$191K	50x	as long as short
Kraken Futures PF_UNIUSD	+0.0270%	1h	9.0990	+0.417%	$5.1M	$7.3M	50x	as long as short
Coinbase International UNI-PERP-INTX	+0.0296%	1h	9.1070	+0.505%	$1.1M	$5.0M	50x	as long as short
Reya UNIRUSDPERP	+0.0370%	1h	9.1004	+0.433%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.0967	+0.391%	$648K	—	120x	as long as short
Hyperliquid UNI	+0.0572%	1h	9.1379	+0.846%	$99.5M	$59.2M	10x	as long as short
Lighter UNI	+0.0656%	1h	9.1435	+0.908%	$4.7M	$5.6M	15x	as long as short
Aftermath Perps UNIUSD	+0.0956%	1h	9.1049	+0.482%	$932	$47K	10x	as long as short