Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0052%/8h= +5.7% APRpaid last 24h −0.004%

Price spread now: BingX against 01 Exchange−0.124%7-day average — · you buy dearer than you sell

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

Long on 01 Exchange Short on BingX

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—needs both histories

Funding pays, the price is against you. BingX is 0.124% cheaper against 01 Exchange than usual: you would sell low and buy high (spread −0.124% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$12 on $10k: about 7.9 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange UNIUSD	8.8129	0.0048	pay 0.0006% / 1h	57m 06s	$440	—	10x
Short	BingX UNI-USDC	8.8020	0.0100	get 0.0100% / 8h	2h 57m	—	$6.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against 01 Exchange. 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 01 ExchangebpFee BingXbpOrdersPrice spread, now −0.124%Rate

Funding earned: $10.92
Price spread: −0.124% → 0.000%: −$12.37
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee BingX: 5 bp × 2 orders: −$10
Net: −$18.45
Costs to cover: 0.170%
Break-even: 18.8 days

Slippage unknown: 01 Exchange: no order-book sample; BingX: live order book, 9 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 01 Exchange no order-book sample	—	—	—	—	—
Sell BingX live order book, 9 min ago	1.70 bp	16.1 bp −$16	33.9 bp −$339	85.4 bp −$8,544	647.8 bp −$323.9K

01 Exchange: 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	−0.0199%	8h	8.8256	+0.144%	$3.9M	$4.9M	—	as long as short
Bybit UNIUSDT	−0.0192%	8h	8.8040	−0.101%	$102.6M	$104.5M	75x	as long as short
Deribit UNI_USDC-PERPETUAL	0.0000%	1h	8.8044	−0.096%	$550K	$129K	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0006%	1h	8.8027	−0.116%	$79K	—	150x	as long as short
OKX UNI-USDT-SWAP	+0.0011%	8h	8.8080	−0.056%	$54.2M	$245.2M	50x	as long as short
01 Exchange UNIUSDlong	+0.0048%	1h	8.8129	long leg	$440	—	10x
Paradex UNI-USD-PERP	+0.0100%	8h	8.7974	−0.176%	$25K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.8010	−0.135%	$846K	$3.9M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.8051	−0.088%	$1.0M	$3.4M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.8045	−0.095%	$297K	$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	8.8070	−0.067%	$215.8M	$599.8M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.8100	−0.033%	$272K	$605K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.8030	−0.112%	$22.8M	$58.8M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.8010	−0.135%	$42.7M	$24.4M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.8020	−0.124%	$13.7M	$13.8M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8060	−0.078%	$31.9M	$41.1M	75x	as long as short
BingX UNI-USDCshort	+0.0100%	8h	8.8020	−0.124%	—	$6.5M	—
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8063	−0.075%	$975K	$2.4M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8154	+0.029%	$166K	$341K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8050	−0.090%	$615K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8190	+0.069%	$83K	$713K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8110	−0.022%	$105K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.8091	−0.043%	$86K	$339K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.7990	−0.158%	$15K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.8014	−0.130%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.7972	−0.178%	$28K	$672K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.8181	+0.059%	$707K	$4.2M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8000	−0.146%	$26.5M	$4.3M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8061	−0.078%	$307K	$1.4M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8015	−0.129%	$31K	$1K	3x	as long as short
Coinbase International UNI-PERP-INTX	+0.0200%	1h	8.8110	−0.022%	$1.0M	$5.3M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.8000	−0.146%	$9.8M	$3.3M	75x	as long as short
dYdX UNI-USD	+0.0232%	1h	8.8080	−0.056%	$244K	$5K	10x	as long as short
Kraken Futures PF_UNIUSD	+0.0270%	1h	8.8029	−0.114%	$4.9M	$7.2M	50x	as long as short
Reya UNIRUSDPERP	+0.0359%	1h	8.7986	−0.163%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0320%	1h	8.8009	−0.136%	$552K	—	120x	as long as short
Hyperliquid UNI	+0.0447%	1h	8.8182	+0.060%	$95.9M	$60.4M	10x	as long as short
Aftermath Perps UNIUSD	+0.0520%	1h	8.8131	+0.002%	$1K	$51K	10x	as long as short
Lighter UNI	+0.0592%	1h	8.8187	+0.066%	$4.5M	$5.3M	15x	as long as short
Injective UNI/USDC PERP	+0.2702%	1h	8.7900	−0.260%	$657	$97K	12x	as long as short