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Funding arb · Price arb /

UNI

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 22:00 UTC−0.0202%/8h= −22.1% APRpaid last 24h −0.036%
Price spread now: Bybit against Extended+0.035%7-day average −0.022% · you sell dearer than you buy
Net, funding: paid 7d − costs−$45as in the Funding arb table
Net, price: spread back to 7d avg − costs−$26as in the Price arb table
costs, in and out, $10k−$320.315% of the position
Long on ExtendedShort on Bybit
What this pair did over the last
the charts below follow
Funding, last 7 days−0.133%−$13 on $10k
Price spread, last 7 days−0.060%−$6 · spread now +0.035%, 7d avg −0.022%
Together, before fees−0.193%+ Points / potential airdropExtended: Active · farm board−$19 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Bybit is 0.057% dearer against Extended than usual: you sell high and buy low (spread +0.035% now, against its 7-day average of −0.022%): +$6 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 23 hours. At the pace of the last 7 days (−0.133% in total) that is about 3.0 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.133% in total (about -6.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended UNI-USD8.88990.0104pay 0.0013% / 1h15m 53s$308K$1.5M25x
ShortBybit UNIUSDT8.8930−0.0098pay 0.0098% / 8h2h 15m$101.3M$106.0M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against Extended. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$42.32
Price spread: +0.035% → −0.022%
$5.71
Slippage, 4 orders
−$15.55
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$68.15
Costs to cover
0.315%
Break-even
never at this rate
Slippage from Extended: live order book, 3 min ago; Bybit: live order book, 3 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 Extended live order book, 3 min ago1.80 bp5.3 bp −$59.7 bp −$97doesn't fitdoesn't fit
Sell Bybit live order book, 3 min ago0.56 bp10.8 bp −$1117.8 bp −$17843.5 bp −$4,354doesn'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
Variational Omni UNI−0.0146%8h8.9020+0.136%$4.0M$4.6M—as long as short
Bybit UNIUSDTshort−0.0098%8h8.8930+0.035%$101.3M$106.0M75x
Deribit UNI_USDC-PERPETUAL0.0000%1h8.8928+0.033%$562K$138K50xas long as short
gTrade (Gains Network) UNI/USDL +0.0004% / S −0.0006%1h8.8901+0.002%$80K—150xas long as short
OKX UNI-USDT-SWAP+0.0024%8h8.8920+0.024%$54.7M$248.0M50xas long as short
01 Exchange UNIUSD+0.0024%1h8.8938+0.044%$444—10xas long as short
dYdX UNI-USD+0.0092%1h8.8975+0.085%$246K$5K10xas long as short
Paradex UNI-USD-PERP+0.0100%8h8.8861−0.042%$25K—20xas long as short
Nado UNI-PERP+0.0100%1h8.8920+0.024%$850K$4.0M10xas long as short
Aster UNIUSDT+0.0100%8h8.8973+0.083%$1.0M$3.4M50xas long as short
Show all 40 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica UNI+0.0100%1h8.8930+0.035%$301K$563K10xas long as short
Binance UNIUSDT+0.0100%8h8.8944+0.051%$217.4M$595.7M75xas long as short
Arcus UNI-USD+0.0100%1h8.8960+0.069%$274K$612K10xas long as short
Gate UNI_USDT+0.0100%8h8.8940+0.046%$23.1M$59.4M75xas long as short
MEXC UNI_USDT+0.0100%8h8.8940+0.046%$43.2M$24.7M200xas long as short
KuCoin UNIUSDTM+0.0100%8h8.8930+0.035%$13.4M$13.9M75xas long as short
Bitget UNIUSDT+0.0100%8h8.8940+0.046%$32.2M$41.5M75xas long as short
BingX UNI-USDT+0.0100%8h8.8910+0.013%—$50.0M—as long as short
Backpack UNI_USDC_PERP+0.0100%1h8.8953+0.061%$987K$2.3M10xas long as short
edgeX UNIUSDC+0.0100%4h8.9121+0.250%$168K$343K20xas long as short
GRVT UNI_USDT_Perp+0.0100%8h8.9060+0.181%$618K$2.6M10xas long as short
ApeX Omni UNIUSDT+0.0100%1h8.9090+0.215%$84K$713K50xas long as short
StandX UNI-USD+0.0100%1h8.9110+0.237%$106K$3.2M20xas long as short
Polymarket Perps UNI-USD+0.0100%1h8.8881−0.020%$94K$334K10xas long as short
Orderly PERP_UNI_USDC+0.0100%8h8.8850−0.055%$16K$1.7M10xas long as short
SunX UNI-USDT+0.0100%8h8.8938+0.044%$36K$1.3M30xas long as short
SoDEX UNI-USD+0.0100%1h8.8890−0.010%$25K$666K10xas long as short
HTX UNI-USDT+0.0100%8h8.9034+0.152%$723K$4.3M75xas long as short
Phemex UNIUSDT+0.0100%8h8.8880−0.021%$26.8M$4.3M50xas long as short
Extended UNI-USDlong+0.0104%1h8.8899long leg$308K$1.5M25x
Aevo UNI-PERP+0.0104%1h8.8886−0.014%$32K$1K3xas long as short
Coinbase International UNI-PERP-INTX+0.0200%1h8.9090+0.215%$1.0M$5.4M50xas long as short
BloFin UNI-USDT+0.0220%8h8.9070+0.192%$9.8M$3.4M75xas long as short
Kraken Futures PF_UNIUSD+0.0267%1h8.8960+0.069%$5.0M$7.1M50xas long as short
Hyperliquid UNI+0.0301%1h8.9087+0.212%$97.0M$59.8M10xas long as short
Reya UNIRUSDPERP+0.0360%1h8.8853−0.052%$16K—20xas long as short
GMX UNI/USD [UNI-USDC]L +0.0379% / S −0.0320%1h8.8883−0.017%$558K—120xas long as short
Aftermath Perps UNIUSD+0.0540%1h8.9080+0.204%$1K$50K10xas long as short
Lighter UNI+0.0576%1h8.9133+0.263%$4.6M$5.4M15xas long as short
Injective UNI/USDC PERP+0.2702%1h8.7900−1.124%$657$97K12xas long as short