Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0283%/8h= −31.0% APRpaid last 24h −0.080%

Price spread now: Binance against Reya+0.030%7-day average — · you sell dearer than you buy

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

Long on Reya Short on Binance

What this pair did over the last

the charts below follow

Funding, last 4 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 pays, funding is against you. Binance is 0.030% dearer against Reya than usual: you sell high and buy low (spread +0.030% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 8 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya UNIRUSDPERP	8.9783	0.0383	pay 0.0048% / 1h	22m 27s	$16K	—	20x
Short	Binance UNIUSDT	8.9810	0.0100	get 0.0100% / 8h	7h 22m	$217.3M	$646.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Reya. 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 ReyabpFee BinancebpOrdersPrice spread, now +0.030%Rate

Funding earned: −$59.41
Price spread: +0.030% → 0.000%: $2.96
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Binance: 5 bp × 2 orders: −$10
Net: −$72.45
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; Binance: live order book, 6 min ago. 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 Reya no order-book sample	—	—	—	—	—
Sell Binance live order book, 6 min ago	0.56 bp	7.1 bp −$7	13.8 bp −$138	44.2 bp −$4,416	147.7 bp −$73.9K

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
Kraken Futures PF_UNIUSD	−0.0062%	1h	8.9583	−0.223%	$4.8M	$8.4M	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0005%	1h	8.9454	−0.367%	$77K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−1.652%	$660	$153K	12x	as long as short
Nado UNI-PERP	+0.0070%	1h	8.9797	+0.016%	$723K	$4.5M	10x	as long as short
01 Exchange UNIUSD	+0.0088%	1h	8.9852	+0.077%	$474	$31	10x	as long as short
Lighter UNI	+0.0096%	1h	8.9938	+0.172%	$4.5M	$5.5M	15x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.9778	−0.006%	$26K	—	20x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.9873	+0.100%	$735K	$3.2M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.9825	+0.047%	$290K	$562K	10x	as long as short
Binance UNIUSDTshort	+0.0100%	8h	8.9810	+0.030%	$217.3M	$646.7M	75x

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit UNIUSDT	+0.0100%	8h	8.9740	−0.048%	$99.7M	$109.6M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	8.9770	−0.015%	$55.0M	$261.8M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.9900	+0.130%	$326K	$701K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.9810	+0.030%	$27.1M	$62.8M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.9790	+0.008%	$47.8M	$25.5M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.9850	+0.074%	$13.1M	$13.1M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.9800	+0.019%	$33.8M	$46.0M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.9810	+0.030%	—	$6.5M	—	as long as short
Variational Omni UNI	+0.0100%	8h	8.8538	−1.387%	$4.1M	$4.0M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8780	−1.118%	$168K	$346K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8800	−1.095%	$615K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8660	−1.251%	$89K	$710K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.9090	−0.772%	$16K	$3.5M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.9810	+0.030%	$105K	$615K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.9460	−0.360%	$17K	$2.4M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.9506	−0.309%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.9506	−0.309%	$32K	$893K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.9500	−0.315%	$709K	$4.7M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.9530	−0.282%	$27.0M	$4.4M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.9782	−0.002%	$299K	$1.8M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.9506	−0.309%	$32K	—	3x	as long as short
Hyperliquid UNI	+0.0153%	1h	8.9917	+0.149%	$96.4M	$66.9M	10x	as long as short
Backpack UNI_USDC_PERP	+0.0154%	1h	8.9626	−0.175%	$1.1M	$2.5M	10x	as long as short
Coinbase International UNI-PERP-INTX	+0.0208%	1h	8.9580	−0.226%	$934K	$5.5M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.9500	−0.315%	$10.3M	$3.7M	75x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0321%	1h	8.9569	−0.238%	$593K	$273K	50x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	8.9544	−0.267%	$637K	—	120x	as long as short
Reya UNIRUSDPERPlong	+0.0383%	1h	8.9783	long leg	$16K	—	20x
Aftermath Perps UNIUSD	+0.0442%	1h	8.8958	−0.920%	$1K	$52K	10x	as long as short
dYdX UNI-USD	+0.0569%	1h	8.9815	+0.035%	$236K	$31K	10x	as long as short