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

UNI

all UNI markets
SwapBacktest
Alert: funding
Measured
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 00:00 UTC−0.0285%/8h= −31.2% APRnext payment −$2.85 per $10,000 · paid last 24h −0.035%
Price spread now: Bybit against Phemex0.000%7-day average −0.090% · you sell dearer than you buy
Net, funding: paid 7d − costs−$58as in the Funding arb table
Net, price: spread back to 7d avg − costs−$45as in the Price arb table
costs, in and out, $10k−$540.536% of the position
Long on PhemexShort on Bybit
What this pair did over the last
the charts below follow
Funding, last 7 days−0.049%−$5 on $10k
Price spread, last 3 days (all we have)−0.472%−$47 · spread now 0.000%, 7d avg −0.090%
Together, before fees−0.521%−$52 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Bybit is 0.090% dearer against Phemex than usual: you sell high and buy low (spread 0.000% now, against its 7-day average of −0.090%): +$9 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 25 hours. At the pace of the last 7 days (−0.049% in total) that is about 13 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.049% in total (about -2.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.85 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex UNIUSDT8.83500.0100pay 0.0100% / 8h2h 46m$26.6M$4.4M50x
ShortBybit UNIUSDT8.8350−0.0185pay 0.0185% / 8h2h 46m$102.8M$103.8M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit 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
−$59.88
Price spread: 0.000% → −0.090%
$9.04
Slippage, 4 orders
−$30.56
Fee Phemex: 6 bp × 2 orders
−$12
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$104.39
Costs to cover
0.536%
Break-even
never at this rate
Slippage from Phemex: 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 Phemex live order book, 3 min ago4.54 bp19.7 bp −$2027.4 bp −$274doesn't fitdoesn't fit
Sell Bybit live order book, 3 min ago0.57 bp8.4 bp −$820.5 bp −$20560.6 bp −$6,058doesn'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−0.0200%8h8.7965−0.435%$3.9M$4.6M—as long as short
Bybit UNIUSDTshort−0.0185%8h8.83500.000%$102.8M$103.8M75x
01 Exchange UNIUSD−0.0040%1h8.8380+0.034%$441—10xas long as short
Deribit UNI_USDC-PERPETUAL0.0000%1h8.8446+0.109%$552K$125K50xas long as short
gTrade (Gains Network) UNI/USDL +0.0004% / S −0.0006%1h8.8408+0.066%$80K—150xas long as short
OKX UNI-USDT-SWAP+0.0007%8h8.8340−0.011%$54.4M$245.0M50xas long as short
Paradex UNI-USD-PERP+0.0100%8h8.8342−0.009%$25K—20xas long as short
Nado UNI-PERP+0.0100%1h8.8290−0.068%$848K$3.9M10xas long as short
Aster UNIUSDT+0.0100%8h8.8405+0.062%$1.0M$3.4M50xas long as short
Pacifica UNI+0.0100%1h8.8340−0.011%$296K$559K10xas long as short
Show all 40 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance UNIUSDT+0.0100%8h8.8360+0.011%$216.4M$592.9M75xas long as short
Arcus UNI-USD+0.0100%1h8.8420+0.079%$273K$610K10xas long as short
Gate UNI_USDT+0.0100%8h8.83500.000%$22.9M$58.9M75xas long as short
MEXC UNI_USDT+0.0100%8h8.8370+0.023%$42.8M$24.4M200xas long as short
KuCoin UNIUSDTM+0.0100%8h8.8370+0.023%$13.8M$13.6M75xas long as short
Bitget UNIUSDT+0.0100%8h8.8330−0.023%$31.9M$41.0M75xas long as short
BingX UNI-USDC+0.0100%8h8.83500.000%—$6.5M—as long as short
Backpack UNI_USDC_PERP+0.0100%1h8.8299−0.058%$976K$2.4M10xas long as short
edgeX UNIUSDC+0.0100%4h8.8078−0.308%$166K$343K20xas long as short
GRVT UNI_USDT_Perp+0.0100%8h8.8080−0.306%$613K$2.6M10xas long as short
ApeX Omni UNIUSDT+0.0100%1h8.8070−0.317%$83K$713K50xas long as short
StandX UNI-USD+0.0100%1h8.8170−0.204%$105K$3.2M20xas long as short
Polymarket Perps UNI-USD+0.0100%1h8.8378+0.032%$87K$324K10xas long as short
Orderly PERP_UNI_USDC+0.0100%8h8.8370+0.023%$16K$1.7M10xas long as short
SunX UNI-USDT+0.0100%8h8.8415+0.074%$36K$1.3M30xas long as short
SoDEX UNI-USD+0.0100%1h8.8353+0.003%$28K$659K10xas long as short
HTX UNI-USDT+0.0100%8h8.8461+0.126%$721K$4.3M75xas long as short
Phemex UNIUSDTlong+0.0100%8h8.8350long leg$26.6M$4.4M50x
Extended UNI-USD+0.0104%1h8.8325−0.028%$299K$1.4M25xas long as short
Aevo UNI-PERP+0.0104%1h8.8384+0.038%$31K$1K3xas long as short
dYdX UNI-USD+0.0142%1h8.83500.000%$245K$5K10xas long as short
Coinbase International UNI-PERP-INTX+0.0200%1h8.8450+0.113%$1.0M$5.3M50xas long as short
BloFin UNI-USDT+0.0220%8h8.8250−0.113%$9.8M$3.3M75xas long as short
Kraken Futures PF_UNIUSD+0.0269%1h8.8437+0.099%$4.9M$7.1M50xas long as short
Hyperliquid UNI+0.0347%1h8.8502+0.172%$96.1M$59.7M10xas long as short
Reya UNIRUSDPERP+0.0359%1h8.8334−0.018%$16K—20xas long as short
GMX UNI/USD [UNI-USDC]L +0.0380% / S −0.0320%1h8.8410+0.068%$554K—120xas long as short
Lighter UNI+0.0448%1h8.8544+0.220%$4.5M$5.3M15xas long as short
Aftermath Perps UNIUSD+0.0465%1h8.8229−0.137%$1K$50K10xas long as short
Injective UNI/USDC PERP+0.2702%1h8.7900−0.509%$657$97K12xas long as short