UNI

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0201%/8h= −22.0% APRnext payment −$2.01 per $10,000 · paid last 24h −0.010%

Price spread now: Bybit against OKX0.000%7-day average −0.035% · you sell dearer than you buy

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$340.336% of the position

Long on OKX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.002%$0 on $10k

Price spread, last 7 days−0.028%−$3 · spread now 0.000%, 7d avg −0.035%

Together, before fees−0.026%−$3 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.035% dearer against OKX than usual: you sell high and buy low (spread 0.000% now, against its 7-day average of −0.035%): +$4 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 14 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.002% in total (about 0.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.01 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX UNI-USDT-SWAP	8.7970	0.0008	pay 0.0008% / 8h	2h 51m	$54.2M	$244.2M	50x
Short	Bybit UNIUSDT	8.7970	−0.0193	pay 0.0193% / 8h	2h 51m	$102.5M	$103.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against OKX. 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 OKXbpFee BybitbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$42.28
Price spread: 0.000% → −0.035%: $3.52
Slippage, 4 orders: −$12.6
Fee OKX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$72.37
Costs to cover: 0.336%
Break-even: never at this rate

Slippage from OKX: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy OKX live order book, 3 min ago	0.57 bp	7.7 bp −$8	12.8 bp −$128	75.1 bp −$7,514	doesn't fit
Sell Bybit live order book, 3 min ago	0.57 bp	8.8 bp −$9	18.9 bp −$189	48.1 bp −$4,807	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
Variational Omni UNI	−0.0201%	8h	8.8015	+0.051%	$3.9M	$4.9M	—	as long as short
Bybit UNIUSDTshort	−0.0193%	8h	8.7970	0.000%	$102.5M	$103.9M	75x
01 Exchange UNIUSD	−0.0064%	1h	8.8043	+0.083%	$439	—	10x	as long as short
Deribit UNI_USDC-PERPETUAL	0.0000%	1h	8.8074	+0.119%	$550K	$125K	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0006%	1h	8.8067	+0.110%	$79K	—	150x	as long as short
OKX UNI-USDT-SWAPlong	+0.0008%	8h	8.7970	long leg	$54.2M	$244.2M	50x
Paradex UNI-USD-PERP	+0.0100%	8h	8.8051	+0.092%	$25K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.8050	+0.091%	$848K	$3.9M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.8082	+0.127%	$1.0M	$3.4M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.8060	+0.102%	$297K	$559K	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	8.8000	+0.034%	$215.5M	$593.7M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.8120	+0.171%	$272K	$605K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.8000	+0.034%	$22.8M	$58.9M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.8010	+0.045%	$42.6M	$24.4M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.8000	+0.034%	$13.7M	$13.6M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.7970	0.000%	$31.9M	$41.0M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	8.7980	+0.011%	—	$49.8M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8172	+0.230%	$976K	$2.4M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8216	+0.279%	$166K	$343K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8310	+0.387%	$619K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8260	+0.330%	$83K	$713K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8170	+0.227%	$105K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.8045	+0.085%	$86K	$331K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8010	+0.045%	$15K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.8075	+0.119%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.7990	+0.023%	$28K	$659K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.8240	+0.307%	$721K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8070	+0.114%	$26.5M	$4.3M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.7965	−0.006%	$307K	$1.4M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8062	+0.105%	$31K	$1K	3x	as long as short
Coinbase International UNI-PERP-INTX	+0.0200%	1h	8.8280	+0.352%	$1.0M	$5.3M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.8060	+0.102%	$9.8M	$3.3M	75x	as long as short
dYdX UNI-USD	+0.0231%	1h	8.8100	+0.148%	$244K	$5K	10x	as long as short
Kraken Futures PF_UNIUSD	+0.0270%	1h	8.8058	+0.100%	$4.9M	$7.1M	50x	as long as short
Reya UNIRUSDPERP	+0.0359%	1h	8.7979	+0.010%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0380% / S −0.0320%	1h	8.8050	+0.090%	$552K	—	120x	as long as short
Hyperliquid UNI	+0.0397%	1h	8.8136	+0.189%	$95.7M	$59.6M	10x	as long as short
Lighter UNI	+0.0472%	1h	8.8227	+0.292%	$4.5M	$5.3M	15x	as long as short
Aftermath Perps UNIUSD	+0.0497%	1h	8.8189	+0.249%	$1K	$50K	10x	as long as short
Injective UNI/USDC PERP	+0.2702%	1h	8.7900	−0.080%	$657	$97K	12x	as long as short