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

UNI

all UNI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bitget against Phemex−0.195%7-day average −0.049% · you buy dearer than you sell
Net, funding: paid 7d − costs−$47as in the Funding arb table
Net, price: spread back to 7d avg − costs−$59as in the Price arb table
costs, in and out, $10k−$440.439% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.032%−$3 on $10k
Price spread, last 4 days (all we have)−0.145%−$15 · spread now −0.195%, 7d avg −0.049%
Together, before fees−0.177%−$18 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: Bitget is 0.146% cheaper against Phemex than usual: you would sell low and buy high, −$15 on $10k if it goes back to its 7-day average of −0.049%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex UNIUSDT8.72100.0100pay 0.0100% / 8h4h 52m$26.3M$4.5M50x
ShortBitget UNIUSDT8.70400.0100get 0.0100% / 8h4h 52m$32.6M$41.9M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against Phemex. 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: −0.195% → −0.049%
−$14.63
Slippage, 4 orders
−$19.93
Fee Phemex: 6 bp × 2 orders
−$12
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$58.57
Costs to cover
0.439%
Break-even
never at this rate
Slippage from Phemex: live order book, 4 min ago; Bitget: live order book, 4 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 Phemex live order book, 4 min ago3.43 bp11.4 bp −$1121.3 bp −$213doesn't fitdoesn't fit
Sell Bitget live order book, 4 min ago0.57 bp10.0 bp −$1019.1 bp −$19139.5 bp −$3,947doesn't fit

UNI on 40 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) UNI/USDL +0.0004% / S −0.0005%1h8.7221+0.013%$75K150xas long as short
Deribit UNI_USDC-PERPETUAL+0.0022%1h8.7252+0.048%$577K$211K50xas long as short
Injective UNI/USDC PERP+0.0033%1h8.8300+1.250%$660$147K12xas long as short
OKX UNI-USDT-SWAP+0.0085%8h8.7020−0.218%$53.8M$213.7M50xas long as short
Lighter UNI+0.0096%1h8.7121−0.102%$4.3M$4.6M15xas long as short
Paradex UNI-USD-PERP+0.0100%8h8.6935−0.315%$25K20xas long as short
Nado UNI-PERP+0.0100%1h8.7115−0.109%$645K$3.9M10xas long as short
Aster UNIUSDT+0.0100%8h8.7060−0.172%$759K$2.5M50xas long as short
Pacifica UNI+0.0100%1h8.7007−0.232%$287K$456K10xas long as short
Binance UNIUSDT+0.0100%8h8.6980−0.263%$212.0M$551.8M75xas long as short
Show all 40 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit UNIUSDT+0.0100%8h8.6970−0.275%$96.5M$95.0M75xas long as short
Arcus UNI-USD+0.0100%1h8.7160−0.057%$317K$517K10xas long as short
Gate UNI_USDT+0.0100%8h8.7080−0.149%$28.1M$53.5M75xas long as short
MEXC UNI_USDT+0.0100%8h8.6990−0.252%$45.2M$20.5M200xas long as short
KuCoin UNIUSDTM+0.0100%8h8.7100−0.126%$12.9M$11.0M75xas long as short
Bitget UNIUSDTshort+0.0100%8h8.7040−0.195%$32.6M$41.9M75x
BingX UNI-USDC+0.0100%8h8.7050−0.183%$6.5Mas long as short
Variational Omni UNI+0.0100%8h8.7282+0.082%$4.0M$2.3Mas long as short
edgeX UNIUSDC+0.0100%4h8.7304+0.108%$164K$342K20xas long as short
GRVT UNI_USDT_Perp+0.0100%8h8.7369+0.182%$610K$2.1M10xas long as short
ApeX Omni UNIUSDT+0.0100%1h8.7340+0.149%$88K$714K50xas long as short
StandX UNI-USD+0.0100%1h8.7350+0.161%$92K$3.4M20xas long as short
Polymarket Perps UNI-USD+0.0100%1h8.7182−0.032%$91K$620K10xas long as short
Orderly PERP_UNI_USDC+0.0100%8h8.7200−0.011%$16K$2.3M10xas long as short
SunX UNI-USDT+0.0100%8h8.7296+0.099%$36K$1.1M30xas long as short
SoDEX UNI-USD+0.0100%1h8.72100.000%$25K$727K10xas long as short
HTX UNI-USDT+0.0100%8h8.7421+0.242%$699K$3.8M75xas long as short
Phemex UNIUSDTlong+0.0100%8h8.7210long leg$26.3M$4.5M50x
Extended UNI-USD+0.0104%1h8.7050−0.184%$297K$1.7M25xas long as short
Aevo UNI-PERP+0.0104%1h8.7230+0.023%$31K3xas long as short
Kraken Futures PF_UNIUSD+0.0120%1h8.7269+0.067%$4.6M$7.5M50xas long as short
01 Exchange UNIUSD+0.0128%1h8.7211+0.001%$435$5610xas long as short
Backpack UNI_USDC_PERP+0.0155%1h8.7259+0.056%$1.1M$2.1M10xas long as short
Hyperliquid UNI+0.0207%1h8.7186−0.028%$93.6M$59.9M10xas long as short
BloFin UNI-USDT+0.0220%8h8.7160−0.057%$9.9M$3.3M75xas long as short
Coinbase International UNI-PERP-INTX+0.0264%1h8.7250+0.046%$905K$4.3M50xas long as short
GMX UNI/USD [UNI-USDC]L +0.0381% / S −0.0243%1h8.7195−0.018%$620K120xas long as short
Reya UNIRUSDPERP+0.0388%1h8.7139−0.082%$16K20xas long as short
Aftermath Perps UNIUSD+0.0550%1h8.7395+0.212%$1K$48K10xas long as short
dYdX UNI-USD+0.0692%1h8.7014−0.225%$228K$32K10xas long as short