Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0068%/8h= +7.4% APRpaid last 24h −0.005%

Price spread now: Bitget against 01 Exchange−0.672%47s7-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 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—needs both histories

Funding pays, the price is against you. Bitget is 0.672% cheaper against 01 Exchange than usual: you would sell low and buy high (spread −0.672% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$67 on $10k: about 33 days of funding at the current rate (+$2 a day). The two prices were read 47 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	01 Exchange UNIUSD	8.8938	0.0032	pay 0.0004% / 1h	13m 50s	$444	—	10x
Short	Bitget UNIUSDT	8.8340	0.0100	get 0.0100% / 8h	2h 13m	$32.0M	$41.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.672%Rate

Funding earned: $14.28
Price spread: −0.672% → 0.000%: −$67.24
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$71.96
Costs to cover: 0.190%
Break-even: 42.3 days

Slippage unknown: 01 Exchange: no order-book sample; Bitget: live order book, 5 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 Bitget live order book, 5 min ago	0.56 bp	11.3 bp −$11	14.7 bp −$147	34.2 bp −$3,416	doesn't fit

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	−0.0136%	8h	8.8841	−0.109%	$4.0M	$4.6M	—	as long as short
Bybit UNIUSDT	−0.0091%	8h	8.8360	−0.650%	$100.9M	$106.3M	75x	as long as short
Deribit UNI_USDC-PERPETUAL	0.0000%	1h	8.8962	+0.027%	$562K	$138K	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0006%	1h	8.8929	−0.010%	$80K	—	150x	as long as short
OKX UNI-USDT-SWAP	+0.0024%	8h	8.8320	−0.695%	$54.4M	$246.5M	50x	as long as short
01 Exchange UNIUSDlong	+0.0032%	1h	8.8938	long leg	$444	—	10x
dYdX UNI-USD	+0.0088%	1h	8.8929	−0.010%	$246K	$5K	10x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8898	−0.045%	$25K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.8895	−0.048%	$849K	$4.0M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.8571	−0.413%	$1.0M	$3.4M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica UNI	+0.0100%	1h	8.8971	+0.037%	$301K	$563K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.8370	−0.639%	$215.9M	$596.5M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.8980	+0.047%	$274K	$612K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.8400	−0.605%	$23.0M	$59.4M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.8400	−0.605%	$42.9M	$24.8M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.8380	−0.627%	$13.4M	$13.9M	75x	as long as short
Bitget UNIUSDTshort	+0.0100%	8h	8.8340	−0.672%	$32.0M	$41.6M	75x
BingX UNI-USDC	+0.0100%	8h	8.8380	−0.627%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8605	−0.374%	$983K	$2.3M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8994	+0.063%	$167K	$344K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8970	+0.036%	$618K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.9000	+0.070%	$84K	$713K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8920	−0.020%	$106K	$3.2M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.8924	−0.016%	$94K	$330K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8890	−0.054%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.8958	+0.022%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.8900	−0.043%	$25K	$666K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.9071	+0.150%	$723K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8920	−0.020%	$26.8M	$4.3M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8355	−0.655%	$306K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8915	−0.026%	$32K	$1K	3x	as long as short
Coinbase International UNI-PERP-INTX	+0.0200%	1h	8.9020	+0.092%	$1.0M	$5.4M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.8860	−0.088%	$9.8M	$3.4M	75x	as long as short
Kraken Futures PF_UNIUSD	+0.0267%	1h	8.8979	+0.046%	$4.9M	$7.1M	50x	as long as short
Hyperliquid UNI	+0.0304%	1h	8.8492	−0.501%	$96.3M	$59.8M	10x	as long as short
Reya UNIRUSDPERP	+0.0360%	1h	8.8892	−0.052%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0379% / S −0.0320%	1h	8.8923	−0.017%	$558K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0546%	1h	8.9033	+0.107%	$1K	$50K	10x	as long as short
Lighter UNI	+0.0584%	1h	8.9081	+0.161%	$4.5M	$5.4M	15x	as long as short
Injective UNI/USDC PERP	+0.2702%	1h	8.7900	−1.167%	$657	$97K	12x	as long as short