Settings8H · net · $10k
Funding arb · Price arb /

UNI

all UNI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Phemex against edgeX−0.135%7-day average +0.021% · you buy dearer than you sell
Net, funding: paid 7d − costs−$54as in the Funding arb table
Net, price: spread back to 7d avg − costs−$65as in the Price arb table
costs, in and out, $10k−$490.493% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.048%−$5 on $10k
Price spread, last 4 days (all we have)+0.403%+$40 · spread now −0.135%, 7d avg +0.021%
Together, before fees+0.355%+ Points / potential airdropedgeX: Active · farm board+$36 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: Phemex is 0.156% cheaper against edgeX than usual: you would sell low and buy high, −$16 on $10k if it goes back to its 7-day average of +0.021%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX UNIUSDC8.88100.0100pay 0.0050% / 4h3h 08m$168K$344K20x
ShortPhemex UNIUSDT8.86900.0100get 0.0100% / 8h3h 08m$26.8M$4.4M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phemex 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

Funding earned
$0
Price spread: −0.135% → +0.021%
−$15.59
Slippage, 4 orders
−$28.28
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee Phemex: 6 bp × 2 orders
−$12
Net
−$64.86
Costs to cover
0.493%
Break-even
never at this rate
Slippage from edgeX: live order book, 45 min ago; Phemex: live order book, 6 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy edgeX live order book, 45 min ago2.21 bp6.7 bp −$717.2 bp −$172doesn't fitdoesn't fit
Sell Phemex live order book, 6 min ago7.31 bp17.4 bp −$1730.1 bp −$301doesn't fitdoesn't fit

UNI on 40 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange UNIUSD−0.0008%1h8.8665−0.163%$442$510xas long as short
gTrade (Gains Network) UNI/USDL +0.0004% / S −0.0007%1h8.8611−0.224%$48K150xas long as short
Injective UNI/USDC PERP+0.0033%1h8.8300−0.574%$660$154K12xas long as short
Deribit UNI_USDC-PERPETUAL+0.0043%1h8.8681−0.145%$568K$208K50xas long as short
Lighter UNI+0.0096%1h8.8772−0.043%$4.5M$5.9M15xas long as short
Paradex UNI-USD-PERP+0.0100%8h8.8659−0.170%$25K20xas long as short
Nado UNI-PERP+0.0100%1h8.8610−0.225%$860K$4.5M10xas long as short
Hyperliquid UNI+0.0100%1h8.8723−0.098%$94.0M$65.0M10xas long as short
Aster UNIUSDT+0.0100%8h8.8680−0.147%$769K$3.6M50xas long as short
Pacifica UNI+0.0100%1h8.8670−0.158%$286K$611K10xas long as short
Show all 40 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance UNIUSDT+0.0100%8h8.8630−0.203%$216.6M$651.5M75xas long as short
Bybit UNIUSDT+0.0100%8h8.8600−0.237%$99.0M$112.0M75xas long as short
OKX UNI-USDT-SWAP+0.0100%8h8.8610−0.225%$53.8M$260.3M50xas long as short
Arcus UNI-USD+0.0100%1h8.8750−0.068%$318K$666K10xas long as short
Gate UNI_USDT+0.0100%8h8.8660−0.169%$23.4M$65.3M75xas long as short
MEXC UNI_USDT+0.0100%8h8.8650−0.180%$47.0M$26.3M200xas long as short
KuCoin UNIUSDTM+0.0100%8h8.8660−0.169%$13.1M$13.3M75xas long as short
Bitget UNIUSDT+0.0100%8h8.8650−0.180%$32.6M$46.1M75xas long as short
BingX UNI-USDT+0.0100%8h8.8660−0.169%$56.7Mas long as short
Backpack UNI_USDC_PERP+0.0100%1h8.8727−0.094%$1.0M$2.3M10xas long as short
Variational Omni UNI+0.0100%8h8.8419−0.441%$4.1M$4.2Mas long as short
edgeX UNIUSDClong+0.0100%4h8.8810long leg$168K$344K20x
GRVT UNI_USDT_Perp+0.0100%8h8.8650−0.180%$616K$2.8M10xas long as short
ApeX Omni UNIUSDT+0.0100%1h8.8820+0.011%$91K$701K50xas long as short
StandX UNI-USD+0.0100%1h8.8660−0.169%$15K$3.4M20xas long as short
Polymarket Perps UNI-USD+0.0100%1h8.8638−0.194%$83K$458K10xas long as short
Orderly PERP_UNI_USDC+0.0100%8h8.8610−0.225%$16K$1.5M10xas long as short
SunX UNI-USDT+0.0100%8h8.8631−0.202%$36K$1.4M30xas long as short
SoDEX UNI-USD+0.0100%1h8.8600−0.237%$31K$816K10xas long as short
HTX UNI-USDT+0.0100%8h8.8761−0.055%$700K$4.9M75xas long as short
Phemex UNIUSDTshort+0.0100%8h8.8690−0.135%$26.8M$4.4M50x
Extended UNI-USD+0.0104%1h8.8627−0.206%$284K$1.6M25xas long as short
Aevo UNI-PERP+0.0104%1h8.8615−0.220%$31K3xas long as short
Coinbase International UNI-PERP-INTX+0.0216%1h8.8650−0.180%$918K$5.8M50xas long as short
BloFin UNI-USDT+0.0220%8h8.8630−0.203%$10.1M$3.6M75xas long as short
dYdX UNI-USD+0.0231%1h8.8657−0.173%$233K$30K10xas long as short
Kraken Futures PF_UNIUSD+0.0274%1h8.8677−0.150%$4.8M$8.2M50xas long as short
Reya UNIRUSDPERP+0.0375%1h8.8616−0.218%$16K20xas long as short
GMX UNI/USD [UNI-USDC]L +0.0381% / S −0.0244%1h8.8614−0.221%$631K120xas long as short
Aftermath Perps UNIUSD+0.0722%1h8.8894+0.095%$891$45K10xas long as short