Settings8H · net · $10k
LanguageThe language of the site
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
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Funding arb · Price arb / Crypto

UNI

All UNI markets →
Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
PhoenixUNI
8.9040−0.0054get 0.0007% / 1h25m 34s$4K$225K10xLong Phoenix
SHORT
BloFinUNI-USDT
8.8800+0.0220get 0.0220% / 8h25m 34s$10.6M$2.7M75xShort BloFin
Price gap−0.270%
Funding gap+0.0274% /8h

Funding pays +$8 a day on $10k, but the gap is 0.227% under its 7d average: −$23 if it goes back, about 2.8 days of funding.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$73+0.0274% /8h now · paid +0.730% over the last 7D
Price−$23spread −0.270% now, avg −0.043% → −0.227% if it goes back
Costs−$410.406% of $10k · taker + slippage, in and out
Result+$10+0.10%no pointsWhat the last 7D really paid, hour by hour → backtest

Funding history

you earnyou payavg
RANGE STATS · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Short leg rate minus long leg rate, per 8h. Above zero: the pair pays you.

Price spread between the two exchanges

BloFin price against Phoenixnow
RANGE STATS · 7D
Now−0.270%
Average—
Range—
Wider than now—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

UNI on 41 exchanges

lowest funding first

Before you open

0 ok · 5 to watch
  • Watch: Large against open interest12.7 / 6.7 bp
    $10k is over 10% of Phoenix’s open interest.
  • Note: Margin at max leverage$1,000 + $133
    Phoenix 10x, BloFin 75x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • Watch: Payment intervals differ1h / 8h
    Payments land at different times. Close right after the slower leg pays.
    Next 24h at the current rates, on $10k a leg: +$8.21Long Phoenix: 24 payments, +$1.61; short BloFin: 3 payments, +$6.60.
  • Watch: Gap narrower than usual−0.270% vs −0.043%
    Less room for the price leg to pay you. If it goes back to average, the short loses.
  • Watch: Long leg is thinner$4K vs $10.6M OI
    Phoenix sets your exit cost. Check its book before closing.
  • Note: No points program—
    Neither exchange runs points right now.
  • Watch: KYCPhoenix No · BloFin Limited
    No ID to trade futures, with no leverage limit, but withdrawals are capped at 20,000 USDT a day until you verify.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned+0.0348%/8h × 21 periods+$73.00
Price spread−0.270% → −0.043% (7d avg)−$22.69
Slippage, 4 orderslive order books−$21.62
Fee Phoenix bp × 2 orders−$7.00
Fee BloFin bp × 2 orders−$12.00
Net · 7 days · $10k+$9.69
Costs to cover0.406%Break-even6.1 days
Slippage: Phoenix: live order book, 21 min ago; BloFin: live order book, 3 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGPhoenix1.0112.7 bp−$1352.7 bp−$527doesn’t fitdoesn’t fit
SELL · SHORTBloFin0.566.7 bp−$710.2 bp−$10223.2 bp−$2,31875.3 bp−$37.7K

Closing costs about the same again.

Alert

UNI news

posts that mention UNI, from every exchangeSearch all news →
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