Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Extended against edgeX−0.891%113s7-day average −0.082% · you buy dearer than you sell

Net, funding: paid 7d − costs−$22as 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−$260.260% of the position

Long on edgeX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.036%+$4 on $10k

Price spread, last 4 days (all we have)+0.724%+$72 · spread now −0.891%, 7d avg −0.082%

Together, before fees+0.760%+ Points / potential airdropedgeX: Active · Extended: Active · farm board+$76 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: Extended is 0.810% cheaper against edgeX than usual: you would sell low and buy high, −$81 on $10k if it goes back to its 7-day average of −0.082%. The two prices were read 113 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	9.2838	0.0100	pay 0.0050% / 4h	1h 15m	$175K	$345K	20x
Short	Extended UNI-USD	9.2011	0.0104	get 0.0013% / 1h	15m 41s	$310K	$1.6M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.891%Rate

Funding earned: $0.84
Price spread: −0.891% → −0.082%: −$80.95
Slippage, 4 orders: −$11.98
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$106.1
Costs to cover: 0.260%
Break-even: 891.1 days

Slippage from edgeX: live order book, 48 min ago; Extended: live order book, 3 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, 48 min ago	2.18 bp	6.8 bp −$7	14.7 bp −$147	doesn't fit	doesn't fit
Sell Extended live order book, 3 min ago	3.29 bp	6.8 bp −$7	13.9 bp −$139	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
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0006%	1h	9.2126	−0.767%	$49K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−4.888%	$660	$154K	12x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0054%	1h	9.2079	−0.818%	$590K	$193K	50x	as long as short
01 Exchange UNIUSD	+0.0056%	1h	9.2158	−0.733%	$460	$5	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.2120	−0.774%	$953K	$4.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.2021	−0.880%	$1.0M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.1856	−1.058%	$299K	$573K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.1895	−1.016%	$228.5M	$619.8M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.1900	−1.011%	$103.2M	$109.6M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.1940	−0.968%	$56.8M	$258.0M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus UNI-USD	+0.0100%	1h	9.2100	−0.795%	$292K	$614K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.1980	−0.924%	$23.6M	$61.7M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.1920	−0.989%	$49.2M	$25.3M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.1830	−1.086%	$13.8M	$12.9M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.2010	−0.892%	$33.6M	$43.3M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.2060	−0.838%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.1947	−0.960%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.2057	−0.841%	$4.3M	$4.2M	—	as long as short
edgeX UNIUSDClong	+0.0100%	4h	9.2838	long leg	$175K	$345K	20x
GRVT UNI_USDT_Perp	+0.0100%	8h	9.2848	+0.011%	$645K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.1920	−0.989%	$90K	$693K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.2680	−0.170%	$50K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.2147	−0.745%	$88K	$418K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.2070	−0.828%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.2120	−0.774%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.2060	−0.838%	$22K	$770K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.2200	−0.687%	$725K	$4.4M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.2090	−0.806%	$27.8M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.1949	−0.958%	$26K	—	20x	as long as short
Extended UNI-USDshort	+0.0104%	1h	9.2011	−0.891%	$310K	$1.6M	25x
Aevo UNI-PERP	+0.0104%	1h	9.2070	−0.828%	$33K	—	3x	as long as short
dYdX UNI-USD	+0.0106%	1h	9.1837	−1.078%	$242K	$31K	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.2660	−0.192%	$10.5M	$3.6M	75x	as long as short
Kraken Futures PF_UNIUSD	+0.0266%	1h	9.2134	−0.759%	$5.1M	$7.6M	50x	as long as short
Coinbase International UNI-PERP-INTX	+0.0296%	1h	9.2120	−0.774%	$1.1M	$5.4M	50x	as long as short
Reya UNIRUSDPERP	+0.0371%	1h	9.2086	−0.810%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.2135	−0.757%	$656K	—	120x	as long as short
Hyperliquid UNI	+0.0537%	1h	9.1926	−0.983%	$99.6M	$61.2M	10x	as long as short
Lighter UNI	+0.0576%	1h	9.1956	−0.950%	$4.7M	$5.8M	15x	as long as short
Aftermath Perps UNIUSD	+0.0983%	1h	9.2230	−0.656%	$1K	$47K	10x	as long as short