Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0028%/8h= +3.1% APRpaid last 24h −0.032%

Price spread now: Bybit against 01 Exchange−0.134%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 Bybit

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. Bybit is 0.134% cheaper against 01 Exchange than usual: you would sell low and buy high (spread −0.134% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$13 on $10k: about 16 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange UNIUSD	9.0011	0.0072	pay 0.0009% / 1h	55m 53s	$449	—	10x
Short	Bybit UNIUSDT	8.9890	0.0100	get 0.0100% / 8h	6h 55m	$101.2M	$107.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.134%Rate

Funding earned: $5.88
Price spread: −0.134% → 0.000%: −$13.44
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$25.56
Costs to cover: 0.180%
Break-even: 37.4 days

Slippage unknown: 01 Exchange: no order-book sample; Bybit: live order book, 3 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 Bybit live order book, 3 min ago	0.55 bp	9.1 bp −$9	15.7 bp −$157	46.5 bp −$4,651	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
dYdX UNI-USD	0.0000%	1h	9.0135	+0.137%	$242K	$25K	10x	as long as short
Deribit UNI_USDC-PERPETUAL	0.0000%	1h	8.9782	−0.255%	$580K	$186K	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0003%	1h	8.9787	−0.248%	$22K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−1.901%	$660	$154K	12x	as long as short
01 Exchange UNIUSDlong	+0.0072%	1h	9.0011	long leg	$449	—	10x
Nado UNI-PERP	+0.0100%	1h	8.9827	−0.204%	$943K	$4.3M	10x	as long as short
Hyperliquid UNI	+0.0100%	1h	8.9880	−0.146%	$98.3M	$59.2M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.9834	−0.197%	$1.0M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.0107	+0.106%	$297K	$581K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.9990	−0.024%	$227.2M	$605.5M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit UNIUSDTshort	+0.0100%	8h	8.9890	−0.134%	$101.2M	$107.9M	75x
OKX UNI-USDT-SWAP	+0.0100%	8h	8.9850	−0.179%	$55.7M	$253.1M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.0020	+0.010%	$277K	$614K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.9960	−0.057%	$22.9M	$57.5M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0000	−0.012%	$50.0M	$24.8M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.9930	−0.090%	$13.4M	$13.8M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.9920	−0.101%	$32.9M	$43.3M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	8.9990	−0.023%	—	$56.8M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.9760	−0.279%	$990K	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	8.9741	−0.300%	$4.1M	$4.4M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.0794	+0.870%	$171K	$343K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0794	+0.869%	$633K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0880	+0.965%	$89K	$706K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0650	+0.710%	$56K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.9969	−0.047%	$85K	$407K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.9790	−0.246%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.9819	−0.213%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.9855	−0.173%	$21K	$713K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.0006	−0.006%	$714K	$4.2M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.9780	−0.257%	$27.1M	$4.6M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.0107	+0.107%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	8.9944	−0.074%	$301K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.9863	−0.165%	$32K	—	3x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.0290	+0.310%	$10.4M	$3.6M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0312%	1h	8.9960	−0.057%	$1.1M	$4.8M	50x	as long as short
Reya UNIRUSDPERP	+0.0367%	1h	8.9790	−0.245%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	8.9784	−0.253%	$640K	—	120x	as long as short
Kraken Futures PF_UNIUSD	+0.0427%	1h	8.9879	−0.147%	$5.0M	$7.0M	50x	as long as short
Lighter UNI	+0.0576%	1h	8.9975	−0.040%	$4.6M	$5.1M	15x	as long as short
Aftermath Perps UNIUSD	+0.1066%	1h	9.0769	+0.842%	$986	$49K	10x	as long as short