Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0027%/8h= +3.0% APRpaid last 24h −0.012%

Price spread now: Deribit against edgeX+0.331%7-day average +0.044% · you sell dearer than you buy

Net, funding: paid 7d − costs−$55as in the Funding arb table

Net, price: spread back to 7d avg − costs−$14as in the Price arb table

costs, in and out, $10k−$430.426% of the position

Long on edgeX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.125%−$13 on $10k

Price spread, last 3 days (all we have)−0.022%−$2 · spread now +0.331%, 7d avg +0.044%

Together, before fees−0.147%+ Points / potential airdropedgeX: Active · farm board−$15 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Deribit is 0.286% dearer against edgeX than usual: you sell high and buy low: +$29 more if the spread goes back to its 7-day average of +0.044%. Mind the row above: over the last 7 days funding on this pair cost −0.125%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX UNIUSDC	8.9843	0.0100	pay 0.0050% / 4h	56m 58s	$169K	$341K	20x
Short	Deribit UNI_USDC-PERPETUAL	9.0140	0.0127	get 0.0016% / 1h	56m 58s	$573K	$157K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.331%Rate

Funding earned: $5.67
Price spread: +0.331% → +0.044%: $28.64
Slippage, 4 orders: −$26.59
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$8.28
Costs to cover: 0.426%
Break-even: 17.2 days

Slippage from edgeX: live order book, 21 min ago; Deribit: live order book, 22 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, 21 min ago	2.25 bp	7.1 bp −$7	17.5 bp −$175	doesn't fit	doesn't fit
Sell Deribit live order book, 22 min ago	6.97 bp	10.5 bp −$10	19.8 bp −$198	doesn't fit	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	−1.717%	$660	$155K	12x	as long as short
Variational Omni UNI	−0.0022%	8h	8.9623	−0.245%	$4.0M	$4.6M	—	as long as short
dYdX UNI-USD	0.0000%	1h	9.0066	+0.249%	$249K	$6K	10x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	9.0105	+0.291%	$63K	—	150x	as long as short
Bybit UNIUSDT	+0.0034%	8h	9.0090	+0.275%	$102.9M	$104.9M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0070%	8h	9.0090	+0.275%	$55.6M	$249.4M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.0049	+0.229%	$26K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.0030	+0.208%	$952K	$4.1M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.0144	+0.335%	$1.0M	$3.3M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.0075	+0.258%	$300K	$586K	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	9.0120	+0.309%	$222.3M	$593.7M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.0170	+0.364%	$278K	$622K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.0090	+0.275%	$23.2M	$57.5M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0110	+0.297%	$43.4M	$23.6M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0080	+0.264%	$13.7M	$13.8M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0050	+0.230%	$32.7M	$41.6M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	9.0100	+0.286%	—	$51.7M	—	as long as short
edgeX UNIUSDClong	+0.0100%	4h	8.9843	long leg	$169K	$341K	20x
GRVT UNI_USDT_Perp	+0.0100%	8h	8.9813	−0.034%	$629K	$2.5M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.9870	+0.030%	$89K	$712K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.9930	+0.097%	$107K	$3.2M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.0148	+0.339%	$87K	$355K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.0120	+0.308%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.0171	+0.365%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.0098	+0.284%	$25K	$664K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.0187	+0.383%	$737K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.0080	+0.264%	$27.2M	$4.4M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0038	+0.217%	$302K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0135	+0.325%	$32K	$1K	3x	as long as short
Deribit UNI_USDC-PERPETUALshort	+0.0127%	1h	9.0140	+0.331%	$573K	$157K	50x
Backpack UNI_USDC_PERP	+0.0169%	1h	9.0123	+0.312%	$1.0M	$2.3M	10x	as long as short
01 Exchange UNIUSD	+0.0216%	1h	9.0177	+0.372%	$450	—	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.0120	+0.308%	$10.0M	$3.4M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0232%	1h	9.0190	+0.386%	$1.1M	$5.4M	50x	as long as short
Reya UNIRUSDPERP	+0.0363%	1h	9.0044	+0.223%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0380% / S −0.0320%	1h	9.0104	+0.291%	$566K	—	120x	as long as short
Kraken Futures PF_UNIUSD	+0.0561%	1h	9.0174	+0.368%	$5.0M	$7.1M	50x	as long as short
Aftermath Perps UNIUSD	+0.0712%	1h	8.9841	−0.002%	$1K	$49K	10x	as long as short
Hyperliquid UNI	+0.0761%	1h	9.0209	+0.407%	$99.4M	$59.6M	10x	as long as short
Lighter UNI	+0.1000%	1h	9.0263	+0.467%	$4.6M	$5.1M	15x	as long as short