Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0060%/8h= −6.6% APRpaid last 24h +0.005%

Price spread now: 01 Exchange against Phemex+0.152%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 01 Exchange

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—needs both histories

The price spread pays, funding is against you. 01 Exchange is 0.152% dearer against Phemex than usual: you sell high and buy low (spread +0.152% now, against zero (this spread has no 7-day history yet)): +$15 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 8.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex UNIUSDT	8.8280	0.0100	pay 0.0100% / 8h	1h 33m	$26.5M	$4.5M	50x
Short	01 Exchange UNIUSD	8.8414	0.0040	get 0.0005% / 1h	33m 04s	$441	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now +0.152%Rate

Funding earned: −$12.6
Price spread: +0.152% → 0.000%: $15.18
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$16.42
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Phemex: live order book, 6 min ago; 01 Exchange: 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, 6 min ago	1.70 bp	13.1 bp −$13	24.0 bp −$240	doesn't fit	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: 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
Variational Omni UNI	−0.0076%	8h	8.8115	−0.187%	$3.9M	$4.5M	—	as long as short
Bybit UNIUSDT	−0.0018%	8h	8.8240	−0.045%	$100.6M	$104.3M	75x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	8.8328	+0.054%	$61K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	+0.023%	$660	$155K	12x	as long as short
OKX UNI-USDT-SWAP	+0.0040%	8h	8.8250	−0.034%	$54.7M	$243.3M	50x	as long as short
01 Exchange UNIUSDshort	+0.0040%	1h	8.8414	+0.152%	$441	—	10x
Deribit UNI_USDC-PERPETUAL	+0.0057%	1h	8.8346	+0.075%	$562K	$157K	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8341	+0.069%	$25K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.8285	+0.006%	$934K	$4.0M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.8350	+0.079%	$1.0M	$3.4M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica UNI	+0.0100%	1h	8.8381	+0.115%	$296K	$570K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.8260	−0.023%	$216.6M	$587.9M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.8440	+0.181%	$282K	$615K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.8290	+0.011%	$22.9M	$58.5M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.8300	+0.023%	$42.6M	$24.5M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.8290	+0.011%	$13.5M	$13.8M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8280	0.000%	$32.0M	$41.3M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.8270	−0.011%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8328	+0.054%	$980K	$2.3M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8185	−0.108%	$166K	$343K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8300	+0.023%	$612K	$2.5M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8280	0.000%	$87K	$714K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8240	−0.045%	$105K	$3.2M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.8314	+0.039%	$86K	$351K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8290	+0.011%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.8356	+0.086%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.8288	+0.009%	$25K	$666K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.8475	+0.221%	$727K	$4.3M	75x	as long as short
Phemex UNIUSDTlong	+0.0100%	8h	8.8280	long leg	$26.5M	$4.5M	50x
Extended UNI-USD	+0.0104%	1h	8.8230	−0.057%	$300K	$1.4M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8464	+0.208%	$31K	$1K	3x	as long as short
dYdX UNI-USD	+0.0114%	1h	8.8389	+0.124%	$245K	$6K	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.8330	+0.057%	$9.8M	$3.3M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0224%	1h	8.8460	+0.204%	$1.0M	$5.3M	50x	as long as short
Hyperliquid UNI	+0.0306%	1h	8.8379	+0.112%	$96.7M	$59.1M	10x	as long as short
Kraken Futures PF_UNIUSD	+0.0343%	1h	8.8363	+0.094%	$4.9M	$7.0M	50x	as long as short
Reya UNIRUSDPERP	+0.0362%	1h	8.8283	+0.003%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0379% / S −0.0319%	1h	8.8317	+0.041%	$553K	—	120x	as long as short
Lighter UNI	+0.0592%	1h	8.8482	+0.229%	$4.5M	$5.2M	15x	as long as short
Aftermath Perps UNIUSD	+0.0629%	1h	8.8348	+0.077%	$1K	$49K	10x	as long as short