Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0259%/8h= −28.4% APRpaid last 24h −0.070%

Price spread now: Bitget against Reya+0.092%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 Bitget

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 pays, funding is against you. Bitget is 0.092% dearer against Reya than usual: you sell high and buy low (spread +0.092% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 28 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya UNIRUSDPERP	8.8099	0.0359	pay 0.0045% / 1h	48m 09s	$16K	—	20x
Short	Bitget UNIUSDT	8.8180	0.0100	get 0.0100% / 8h	2h 48m	$31.9M	$40.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.092%Rate

Funding earned: −$54.42
Price spread: +0.092% → 0.000%: $9.18
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$63.24
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; Bitget: 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 Bitget live order book, 6 min ago	0.57 bp	12.2 bp −$12	18.6 bp −$186	37.0 bp −$3,705	doesn't fit

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
Variational Omni UNI	−0.0200%	8h	8.7965	−0.152%	$3.9M	$4.6M	—	as long as short
Bybit UNIUSDT	−0.0188%	8h	8.8170	+0.080%	$102.7M	$103.8M	75x	as long as short
01 Exchange UNIUSD	−0.0040%	1h	8.8176	+0.087%	$440	—	10x	as long as short
Deribit UNI_USDC-PERPETUAL	0.0000%	1h	8.8307	+0.236%	$551K	$125K	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0006%	1h	8.8197	+0.111%	$79K	—	150x	as long as short
OKX UNI-USDT-SWAP	+0.0007%	8h	8.8180	+0.092%	$54.3M	$244.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8155	+0.064%	$25K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.8092	−0.008%	$848K	$3.9M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.8186	+0.099%	$1.0M	$3.4M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.8155	+0.063%	$296K	$559K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance UNIUSDT	+0.0100%	8h	8.8207	+0.123%	$216.1M	$593.3M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.8230	+0.149%	$272K	$605K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.8110	+0.012%	$22.9M	$58.9M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.8190	+0.103%	$42.7M	$24.4M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.8250	+0.171%	$13.7M	$13.6M	75x	as long as short
Bitget UNIUSDTshort	+0.0100%	8h	8.8180	+0.092%	$31.9M	$40.9M	75x
BingX UNI-USDC	+0.0100%	8h	8.8140	+0.046%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8065	−0.039%	$975K	$2.4M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8216	+0.132%	$166K	$343K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8123	+0.027%	$618K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8070	−0.033%	$83K	$713K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8130	+0.035%	$105K	$3.2M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.8150	+0.058%	$86K	$324K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8210	+0.126%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.8187	+0.100%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.8231	+0.150%	$28K	$659K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.8420	+0.364%	$722K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8190	+0.103%	$26.6M	$4.4M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8140	+0.047%	$307K	$1.4M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8262	+0.185%	$31K	$1K	3x	as long as short
dYdX UNI-USD	+0.0168%	1h	8.8150	+0.058%	$244K	$5K	10x	as long as short
Coinbase International UNI-PERP-INTX	+0.0200%	1h	8.8290	+0.217%	$1.0M	$5.3M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.8060	−0.044%	$9.8M	$3.3M	75x	as long as short
Kraken Futures PF_UNIUSD	+0.0269%	1h	8.8302	+0.231%	$4.9M	$7.1M	50x	as long as short
Hyperliquid UNI	+0.0352%	1h	8.8248	+0.169%	$95.8M	$59.6M	10x	as long as short
Reya UNIRUSDPERPlong	+0.0359%	1h	8.8099	long leg	$16K	—	20x
GMX UNI/USD [UNI-USDC]	L +0.0380% / S −0.0320%	1h	8.8188	+0.101%	$553K	—	120x	as long as short
Lighter UNI	+0.0424%	1h	8.8400	+0.342%	$4.5M	$5.3M	15x	as long as short
Aftermath Perps UNIUSD	+0.0477%	1h	8.8171	+0.082%	$1K	$50K	10x	as long as short
Injective UNI/USDC PERP	+0.2702%	1h	8.7900	−0.226%	$657	$97K	12x	as long as short