Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: edgeX against Extended+0.790%93s7-day average +0.078% · you sell dearer than you buy

Net, funding: paid 7d − costs−$27as 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−$230.232% of the position

Long on Extended Short on edgeX

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)−0.744%−$74 · spread now +0.790%, 7d avg +0.078%

Together, before fees−0.780%+ Points / potential airdropExtended: Active · edgeX: Active · farm board−$78 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: edgeX is 0.712% dearer against Extended than usual: you sell high and buy low, +$71 on $10k if it goes back to its 7-day average of +0.078%. The two prices were read 93 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	Extended UNI-USD	8.8459	0.0104	pay 0.0013% / 1h	11m 55s	$285K	$1.6M	25x
Short	edgeX UNIUSDC	8.9158	0.0100	get 0.0050% / 4h	3h 11m	$168K	$346K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Extended. 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 ExtendedbpFee edgeXbpOrdersPrice spread, now +0.790%Rate

Funding earned: −$0.84
Price spread: +0.790% → +0.078%: $71.17
Slippage, 4 orders: −$9.16
Fee Extended: 2.5 bp × 2 orders: −$5
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $47.17
Costs to cover: 0.232%
Break-even: from the start

Slippage from Extended: live order book, 2 min ago; edgeX: live order book, 41 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 Extended live order book, 2 min ago	0.06 bp	4.7 bp −$5	9.7 bp −$97	doesn't fit	doesn't fit
Sell edgeX live order book, 41 min ago	2.21 bp	6.7 bp −$7	15.6 bp −$156	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
01 Exchange UNIUSD	0.0000%	1h	8.8499	+0.045%	$442	$5	10x	as long as short
Deribit UNI_USDC-PERPETUAL	0.0000%	1h	8.8575	+0.130%	$568K	$208K	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0007%	1h	8.8566	+0.121%	$48K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−0.180%	$660	$154K	12x	as long as short
Lighter UNI	+0.0096%	1h	8.8617	+0.178%	$4.5M	$5.9M	15x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8522	+0.071%	$25K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.8567	+0.123%	$864K	$4.5M	10x	as long as short
Hyperliquid UNI	+0.0100%	1h	8.8575	+0.131%	$93.8M	$65.0M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.8610	+0.171%	$773K	$3.6M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.8592	+0.150%	$285K	$612K	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	8.8600	+0.159%	$217.1M	$651.1M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	8.8560	+0.114%	$99.2M	$111.9M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	8.8580	+0.137%	$53.6M	$260.0M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.8640	+0.204%	$317K	$666K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.8590	+0.148%	$23.3M	$65.2M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.8520	+0.069%	$47.0M	$26.3M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.8580	+0.137%	$13.1M	$13.3M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8500	+0.046%	$32.7M	$45.9M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.8570	+0.125%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8531	+0.081%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	8.9159	+0.792%	$4.2M	$4.2M	—	as long as short
edgeX UNIUSDCshort	+0.0100%	4h	8.9158	+0.790%	$168K	$346K	20x
GRVT UNI_USDT_Perp	+0.0100%	8h	8.9107	+0.733%	$619K	$2.8M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.9420	+1.086%	$91K	$701K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.9020	+0.634%	$15K	$3.4M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.8509	+0.056%	$85K	$454K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8510	+0.058%	$16K	$1.5M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.8585	+0.142%	$36K	$1.4M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.8500	+0.046%	$31K	$816K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.8697	+0.269%	$690K	$4.9M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8540	+0.091%	$26.8M	$4.4M	50x	as long as short
Extended UNI-USDlong	+0.0104%	1h	8.8459	long leg	$285K	$1.6M	25x
Aevo UNI-PERP	+0.0104%	1h	8.8516	+0.064%	$31K	—	3x	as long as short
Coinbase International UNI-PERP-INTX	+0.0216%	1h	8.8590	+0.148%	$919K	$5.8M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.8640	+0.204%	$10.1M	$3.6M	75x	as long as short
dYdX UNI-USD	+0.0241%	1h	8.8558	+0.112%	$233K	$30K	10x	as long as short
Kraken Futures PF_UNIUSD	+0.0275%	1h	8.8520	+0.069%	$4.8M	$8.2M	50x	as long as short
Reya UNIRUSDPERP	+0.0375%	1h	8.8487	+0.032%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	8.8548	+0.101%	$630K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0741%	1h	8.9108	+0.734%	$894	$45K	10x	as long as short