Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0157%/8h= −17.2% APRpaid last 24h −0.042%

Price spread now: BloFin against Reya+0.047%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 BloFin

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. BloFin is 0.047% dearer against Reya than usual: you sell high and buy low (spread +0.047% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 24 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya UNIRUSDPERP	8.9758	0.0377	pay 0.0047% / 1h	14m 42s	$16K	—	20x
Short	BloFin UNI-USDT	8.9800	0.0220	get 0.0220% / 8h	2h 14m	$10.1M	$3.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.047%Rate

Funding earned: −$32.95
Price spread: +0.047% → 0.000%: $4.71
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$46.24
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; BloFin: live order book, 4 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 BloFin live order book, 4 min ago	0.56 bp	10.2 bp −$10	16.3 bp −$163	50.3 bp −$5,026	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
Nado UNI-PERP	−0.0053%	1h	8.9740	−0.020%	$822K	$4.6M	10x	as long as short
Kraken Futures PF_UNIUSD	−0.0017%	1h	8.9840	+0.091%	$4.8M	$8.4M	50x	as long as short
01 Exchange UNIUSD	−0.0008%	1h	8.9794	+0.040%	$448	$5	10x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0007%	1h	8.9741	−0.019%	$49K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−1.624%	$660	$153K	12x	as long as short
Polymarket Perps UNI-USD	+0.0090%	1h	8.9785	+0.030%	$104K	$559K	10x	as long as short
Lighter UNI	+0.0096%	1h	9.0004	+0.274%	$4.5M	$5.6M	15x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.9898	+0.156%	$26K	—	20x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.9909	+0.169%	$746K	$3.6M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.9910	+0.170%	$288K	$612K	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	8.9890	+0.147%	$219.4M	$657.7M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	8.9880	+0.136%	$100.5M	$111.5M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	8.9910	+0.170%	$54.8M	$267.0M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.0050	+0.326%	$321K	$703K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.9860	+0.114%	$24.6M	$66.3M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.9870	+0.125%	$49.6M	$27.2M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.9910	+0.170%	$13.0M	$13.4M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.9920	+0.181%	$33.2M	$45.5M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.9930	+0.192%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.9931	+0.193%	$1.1M	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	8.9660	−0.109%	$4.1M	$4.2M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.9517	−0.268%	$169K	$346K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.9630	−0.142%	$621K	$2.8M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.9550	−0.231%	$90K	$707K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.9510	−0.276%	$16K	$3.5M	20x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.9790	+0.036%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.9789	+0.035%	$36K	$1.4M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.9810	+0.058%	$32K	$865K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.9840	+0.092%	$714K	$5.0M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.9800	+0.047%	$27.1M	$4.5M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.9811	+0.060%	$301K	$1.7M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.9810	+0.058%	$32K	—	3x	as long as short
Hyperliquid UNI	+0.0159%	1h	9.0011	+0.282%	$95.9M	$66.2M	10x	as long as short
dYdX UNI-USD	+0.0163%	1h	8.9862	+0.116%	$237K	$31K	10x	as long as short
Coinbase International UNI-PERP-INTX	+0.0184%	1h	8.9830	+0.081%	$943K	$5.6M	50x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0186%	1h	8.9851	+0.104%	$575K	$202K	50x	as long as short
BloFin UNI-USDTshort	+0.0220%	8h	8.9800	+0.047%	$10.1M	$3.7M	75x
Reya UNIRUSDPERPlong	+0.0377%	1h	8.9758	long leg	$16K	—	20x
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0243%	1h	8.9741	−0.018%	$639K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0464%	1h	8.9341	−0.464%	$1K	$54K	10x	as long as short