Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: edgeX against Phemex+0.978%78s7-day average −0.018% · you sell dearer than you buy

Net, funding: paid 7d − costs−$52as 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−$570.567% of the position

Long on Phemex Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.048%+$5 on $10k

Price spread, last 4 days (all we have)−1.626%−$163 · spread now +0.978%, 7d avg −0.018%

Together, before fees−1.578%+ Points / potential airdropedgeX: Active · farm board−$158 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 0.996% dearer against Phemex than usual: you sell high and buy low, +$100 on $10k if it goes back to its 7-day average of −0.018%. The two prices were read 78 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	Phemex UNIUSDT	9.1770	0.0100	pay 0.0100% / 8h	5h 14m	$27.7M	$4.5M	50x
Short	edgeX UNIUSDC	9.2667	0.0100	get 0.0050% / 4h	1h 14m	$175K	$345K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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

Position, each leg$Hold fordaysFee PhemexbpFee edgeXbpOrdersPrice spread, now +0.978%Rate

Funding earned: $0
Price spread: +0.978% → −0.018%: $99.6
Slippage, 4 orders: −$35.67
Fee Phemex: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $42.93
Costs to cover: 0.567%
Break-even: from the start

Slippage from Phemex: live order book, 5 min ago; edgeX: live order book, 49 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 Phemex live order book, 5 min ago	11.31 bp	24.5 bp −$25	34.6 bp −$346	doesn't fit	doesn't fit
Sell edgeX live order book, 49 min ago	2.18 bp	6.7 bp −$7	18.7 bp −$187	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
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0006%	1h	9.1790	+0.022%	$49K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−3.781%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0056%	1h	9.1859	+0.097%	$458	$5	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.1735	−0.038%	$947K	$4.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.1811	+0.045%	$1.0M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.1909	+0.151%	$299K	$573K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.1785	+0.017%	$227.8M	$620.6M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.1760	−0.011%	$103.2M	$109.7M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.1750	−0.022%	$56.7M	$257.6M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.1990	+0.240%	$291K	$614K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate UNI_USDT	+0.0100%	8h	9.1810	+0.044%	$23.5M	$61.8M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.1770	0.000%	$49.1M	$25.3M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.1780	+0.011%	$13.8M	$12.9M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.1760	−0.011%	$33.6M	$43.4M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.1810	+0.044%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.1819	+0.053%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.2057	+0.313%	$4.3M	$4.2M	—	as long as short
edgeX UNIUSDCshort	+0.0100%	4h	9.2667	+0.978%	$175K	$345K	20x
GRVT UNI_USDT_Perp	+0.0100%	8h	9.2320	+0.599%	$647K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.2680	+0.992%	$90K	$694K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.2140	+0.403%	$51K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.1785	+0.016%	$88K	$418K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.1780	+0.011%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.1798	+0.031%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.1756	−0.015%	$22K	$772K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.2097	+0.356%	$724K	$4.4M	75x	as long as short
Phemex UNIUSDTlong	+0.0100%	8h	9.1770	long leg	$27.7M	$4.5M	50x
Paradex UNI-USD-PERP	+0.0100%	8h	9.1882	+0.122%	$26K	—	20x	as long as short
dYdX UNI-USD	+0.0104%	1h	9.1922	+0.165%	$242K	$31K	10x	as long as short
Extended UNI-USD	+0.0104%	1h	9.1715	−0.059%	$313K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.1780	+0.011%	$33K	—	3x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0144%	1h	9.1815	+0.049%	$588K	$193K	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.1960	+0.207%	$10.4M	$3.6M	75x	as long as short
Kraken Futures PF_UNIUSD	+0.0267%	1h	9.1841	+0.077%	$5.1M	$7.7M	50x	as long as short
Coinbase International UNI-PERP-INTX	+0.0296%	1h	9.1870	+0.109%	$1.1M	$5.4M	50x	as long as short
Reya UNIRUSDPERP	+0.0371%	1h	9.1721	−0.053%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.1793	+0.025%	$653K	—	120x	as long as short
Hyperliquid UNI	+0.0538%	1h	9.1951	+0.197%	$100.2M	$61.6M	10x	as long as short
Lighter UNI	+0.0576%	1h	9.1914	+0.157%	$4.7M	$5.8M	15x	as long as short
Aftermath Perps UNIUSD	+0.0977%	1h	9.2126	+0.388%	$885	$47K	10x	as long as short