Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0274%/8h= +30.0% APRpaid last 24h +0.075%

Price spread now: Reya against Phemex+0.002%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Phemex Short on Reya

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$8 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex UNIUSDT	9.0160	0.0100	pay 0.0100% / 8h	3h 51m	$27.3M	$4.4M	50x
Short	Reya UNIRUSDPERP	9.0162	0.0374	get 0.0047% / 1h	51m 37s	$16K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now +0.002%Rate

Funding earned: $57.45
Price spread: +0.002% → 0.000%: $0.24
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Reya: 3 bp × 2 orders: −$6
Net: $39.69
Costs to cover: 0.180%
Break-even: 2.2 days

Slippage unknown: Phemex: live order book, 2 min ago; Reya: no order-book sample. Net counts fees only.

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, 2 min ago	4.42 bp	22.7 bp −$23	40.3 bp −$403	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 −0.0004%	1h	9.0221	+0.068%	$37K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−2.063%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0072%	1h	9.0148	−0.013%	$450	$5	10x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0096%	1h	9.0263	+0.114%	$578K	$207K	50x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.0045	−0.128%	$964K	$4.4M	10x	as long as short
Hyperliquid UNI	+0.0100%	1h	9.0174	+0.016%	$97.5M	$62.1M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.0140	−0.022%	$811K	$3.5M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.0110	−0.055%	$291K	$602K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.0100	−0.067%	$221.4M	$640.6M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.0070	−0.100%	$101.2M	$111.6M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX UNI-USDT-SWAP	+0.0100%	8h	9.0070	−0.100%	$54.8M	$260.5M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.0160	0.000%	$315K	$653K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.0090	−0.078%	$23.7M	$63.3M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0120	−0.044%	$47.5M	$25.4M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0120	−0.044%	$13.5M	$13.2M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0040	−0.133%	$33.2M	$45.2M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.0050	−0.122%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.0178	+0.020%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.0369	+0.232%	$4.2M	$4.1M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.0450	+0.321%	$171K	$345K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0380	+0.244%	$640K	$2.8M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0480	+0.355%	$95K	$701K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0260	+0.111%	$15K	$3.4M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.0239	+0.088%	$86K	$431K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.0200	+0.044%	$16K	$1.5M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.0316	+0.173%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.0166	+0.007%	$22K	$793K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.0400	+0.266%	$722K	$4.7M	75x	as long as short
Phemex UNIUSDTlong	+0.0100%	8h	9.0160	long leg	$27.3M	$4.4M	50x
Paradex UNI-USD-PERP	+0.0100%	8h	9.0065	−0.105%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0020	−0.156%	$291K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0192	+0.036%	$32K	—	3x	as long as short
Lighter UNI	+0.0112%	1h	9.0232	+0.080%	$4.6M	$5.8M	15x	as long as short
Coinbase International UNI-PERP-INTX	+0.0216%	1h	9.0220	+0.067%	$945K	$5.8M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.0420	+0.288%	$10.2M	$3.6M	75x	as long as short
Kraken Futures PF_UNIUSD	+0.0270%	1h	9.0207	+0.053%	$5.0M	$8.0M	50x	as long as short
dYdX UNI-USD	+0.0358%	1h	9.0103	−0.064%	$237K	$30K	10x	as long as short
Reya UNIRUSDPERPshort	+0.0374%	1h	9.0162	+0.002%	$16K	—	20x
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.0226	+0.074%	$643K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0879%	1h	9.0554	+0.438%	$989	$46K	10x	as long as short