Funding you earn now, next payment 05:00 UTC−0.0275%/8h= −30.2% APRpaid last 24h −0.075%
Price spread now: Phemex against Reya−0.059%46s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Phemex is 0.059% cheaper against Reya than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya UNIRUSDPERP | 8.8572 | 0.0375 | pay 0.0047% / 1h | 0m 30s | $16K | — | 20x |
| Short | Phemex UNIUSDT | 8.8520 | 0.0100 | get 0.0100% / 8h | 3h 00m | $26.8M | $4.3M | 50x |
Reya UNIRUSDPERP
Phemex UNIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Reya. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$57.82
- Price spread: −0.059% → 0.000%
- −$5.91
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$81.73
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Reya: no order-book sample; Phemex: 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 Phemex live order book, 4 min ago | 10.71 bp | 20.8 bp −$21 | 40.2 bp −$402 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange UNIUSD | −0.0024% | 1h | 8.8623 | +0.057% | $442 | $5 | 10x | as long as short |
| gTrade (Gains Network) UNI/USD | L +0.0004% / S −0.0007% | 1h | 8.8528 | −0.050% | $48K | — | 150x | as long as short |
| Injective UNI/USDC PERP | +0.0033% | 1h | 8.8300 | −0.307% | $660 | $154K | 12x | as long as short |
| Lighter UNI | +0.0096% | 1h | 8.8645 | +0.082% | $4.5M | $5.9M | 15x | as long as short |
| Paradex UNI-USD-PERP | +0.0100% | 8h | 8.8586 | +0.015% | $25K | — | 20x | as long as short |
| Nado UNI-PERP | +0.0100% | 1h | 8.8595 | +0.026% | $876K | $4.6M | 10x | as long as short |
| Hyperliquid UNI | +0.0100% | 1h | 8.8709 | +0.154% | $93.8M | $65.3M | 10x | as long as short |
| Aster UNIUSDT | +0.0100% | 8h | 8.8637 | +0.073% | $765K | $3.6M | 50x | as long as short |
| Pacifica UNI | +0.0100% | 1h | 8.8590 | +0.020% | $285K | $611K | 10x | as long as short |
| Binance UNIUSDT | +0.0100% | 8h | 8.8610 | +0.043% | $216.2M | $654.9M | 75x | as long as short |
01 Exchange UNIUSD
gTrade (Gains Network) UNI/USD
Injective UNI/USDC PERP
Lighter UNI
Paradex UNI-USD-PERP
Nado UNI-PERP
Hyperliquid UNI
Aster UNIUSDT
Pacifica UNI
Binance UNIUSDTShow all 40 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit UNIUSDT | +0.0100% | 8h | 8.8600 | +0.031% | $99.1M | $112.3M | 75x | as long as short |
| OKX UNI-USDT-SWAP | +0.0100% | 8h | 8.8590 | +0.020% | $53.7M | $261.4M | 50x | as long as short |
| Arcus UNI-USD | +0.0100% | 1h | 8.8700 | +0.144% | $330K | $684K | 10x | as long as short |
| Gate UNI_USDT | +0.0100% | 8h | 8.8590 | +0.020% | $23.4M | $65.6M | 75x | as long as short |
| MEXC UNI_USDT | +0.0100% | 8h | 8.8610 | +0.043% | $46.8M | $26.4M | 200x | as long as short |
| KuCoin UNIUSDTM | +0.0100% | 8h | 8.8600 | +0.031% | $13.1M | $13.4M | 75x | as long as short |
| Bitget UNIUSDT | +0.0100% | 8h | 8.8580 | +0.009% | $32.6M | $46.2M | 75x | as long as short |
| BingX UNI-USDT | +0.0100% | 8h | 8.8600 | +0.031% | — | $56.9M | — | as long as short |
| Backpack UNI_USDC_PERP | +0.0100% | 1h | 8.8591 | +0.021% | $1.0M | $2.4M | 10x | as long as short |
| Variational Omni UNI | +0.0100% | 8h | 8.8460 | −0.127% | $4.1M | $4.2M | — | as long as short |
| edgeX UNIUSDC | +0.0100% | 4h | 8.8574 | +0.002% | $167K | $346K | 20x | as long as short |
| GRVT UNI_USDT_Perp | +0.0100% | 8h | 8.8614 | +0.047% | $615K | $2.8M | 10x | as long as short |
| ApeX Omni UNIUSDT | +0.0100% | 1h | 8.8590 | +0.020% | $91K | $702K | 50x | as long as short |
| StandX UNI-USD | +0.0100% | 1h | 8.8630 | +0.065% | $15K | $3.4M | 20x | as long as short |
| Polymarket Perps UNI-USD | +0.0100% | 1h | 8.8620 | +0.054% | $92K | $479K | 10x | as long as short |
| Orderly PERP_UNI_USDC | +0.0100% | 8h | 8.8540 | −0.037% | $16K | $1.5M | 10x | as long as short |
| SunX UNI-USDT | +0.0100% | 8h | 8.8543 | −0.033% | $36K | $1.4M | 30x | as long as short |
| SoDEX UNI-USD | +0.0100% | 1h | 8.8518 | −0.061% | $35K | $821K | 10x | as long as short |
| HTX UNI-USDT | +0.0100% | 8h | 8.8780 | +0.234% | $713K | $5.0M | 75x | as long as short |
| Phemex UNIUSDTshort | +0.0100% | 8h | 8.8520 | −0.059% | $26.8M | $4.3M | 50x | |
| Extended UNI-USD | +0.0104% | 1h | 8.8571 | −0.001% | $282K | $1.6M | 25x | as long as short |
| Aevo UNI-PERP | +0.0104% | 1h | 8.8510 | −0.070% | $31K | — | 3x | as long as short |
| Deribit UNI_USDC-PERPETUAL | +0.0109% | 1h | 8.8584 | +0.014% | $568K | $208K | 50x | as long as short |
| dYdX UNI-USD | +0.0200% | 1h | 8.8568 | −0.005% | $233K | $31K | 10x | as long as short |
| Coinbase International UNI-PERP-INTX | +0.0216% | 1h | 8.8590 | +0.020% | $918K | $5.8M | 50x | as long as short |
| BloFin UNI-USDT | +0.0220% | 8h | 8.8550 | −0.025% | $10.0M | $3.6M | 75x | as long as short |
| Kraken Futures PF_UNIUSD | +0.0275% | 1h | 8.8567 | −0.006% | $4.8M | $8.3M | 50x | as long as short |
| Reya UNIRUSDPERPlong | +0.0375% | 1h | 8.8572 | long leg | $16K | — | 20x | |
| GMX UNI/USD [UNI-USDC] | L +0.0381% / S −0.0244% | 1h | 8.8530 | −0.048% | $630K | — | 120x | as long as short |
| Aftermath Perps UNIUSD | +0.0661% | 1h | 8.8667 | +0.107% | $1K | $45K | 10x | as long as short |
Bybit UNIUSDT
OKX UNI-USDT-SWAP
Arcus UNI-USD
Gate UNI_USDT
MEXC UNI_USDT
KuCoin UNIUSDTM
Bitget UNIUSDT
BingX UNI-USDT
Backpack UNI_USDC_PERP
Variational Omni UNI
edgeX UNIUSDC
GRVT UNI_USDT_Perp
ApeX Omni UNIUSDT
StandX UNI-USD
Polymarket Perps UNI-USD
Orderly PERP_UNI_USDC
SunX UNI-USDT
SoDEX UNI-USD
HTX UNI-USDT
Extended UNI-USD
Aevo UNI-PERP
Deribit UNI_USDC-PERPETUAL
dYdX UNI-USD
Coinbase International UNI-PERP-INTX
BloFin UNI-USDT
Kraken Futures PF_UNIUSD
GMX UNI/USD [UNI-USDC]
Aftermath Perps UNIUSD