Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0366%/8h= −40.1% APRpaid last 24h −0.230%

Price spread now: BingX against Aftermath Perps+0.081%7-day average — · you sell dearer than you buy

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

Long on Aftermath Perps 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

The price spread pays, funding is against you. BingX is 0.081% dearer against Aftermath Perps than usual: you sell high and buy low (spread +0.081% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 18 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps UNIUSD	8.9697	0.0466	pay 0.0058% / 1h	11m 47s	$965	$54K	10x
Short	BingX UNI-USDT	8.9770	0.0100	get 0.0100% / 8h	2h 11m	—	$57.2M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Aftermath Perps. 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 Aftermath PerpsbpFee BingXbpOrdersPrice spread, now +0.081%Rate

Funding earned: −$76.84
Price spread: +0.081% → 0.000%: $8.13
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee BingX: 5 bp × 2 orders: −$10
Net: −$87.71
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Aftermath Perps: no order-book sample; BingX: live order book, 12 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 Aftermath Perps no order-book sample	—	—	—	—	—
Sell BingX live order book, 12 min ago	0.56 bp	5.6 bp −$6	8.6 bp −$86	18.0 bp −$1,800	56.4 bp −$28.2K

Aftermath Perps: 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	−0.0040%	1h	8.9880	+0.204%	$814K	$4.6M	10x	as long as short
Kraken Futures PF_UNIUSD	−0.0017%	1h	8.9778	+0.090%	$4.8M	$8.4M	50x	as long as short
01 Exchange UNIUSD	0.0000%	1h	8.9926	+0.255%	$449	$5	10x	as long as short
Deribit UNI_USDC-PERPETUAL	0.0000%	1h	8.9910	+0.238%	$575K	$202K	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0007%	1h	8.9843	+0.163%	$49K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−1.558%	$660	$153K	12x	as long as short
Polymarket Perps UNI-USD	+0.0088%	1h	8.9848	+0.168%	$102K	$561K	10x	as long as short
Lighter UNI	+0.0096%	1h	8.9912	+0.240%	$4.5M	$5.6M	15x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.9906	+0.233%	$26K	—	20x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.9779	+0.091%	$743K	$3.6M	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	8.9946	+0.278%	$288K	$612K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.9789	+0.102%	$218.6M	$658.0M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	8.9710	+0.014%	$100.3M	$111.6M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	8.9720	+0.026%	$54.6M	$267.1M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.9980	+0.315%	$321K	$705K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.9730	+0.037%	$24.6M	$66.4M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.9770	+0.081%	$49.5M	$27.2M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.9810	+0.126%	$13.0M	$13.3M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.9710	+0.014%	$33.2M	$45.6M	75x	as long as short
BingX UNI-USDTshort	+0.0100%	8h	8.9770	+0.081%	—	$57.2M	—
Backpack UNI_USDC_PERP	+0.0100%	1h	8.9881	+0.205%	$1.1M	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	8.9660	−0.041%	$4.1M	$4.2M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.9755	+0.065%	$170K	$347K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.9851	+0.172%	$623K	$2.8M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.9820	+0.137%	$90K	$708K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.9970	+0.304%	$15K	$3.5M	20x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.9860	+0.182%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.9910	+0.237%	$37K	$1.4M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.9796	+0.110%	$34K	$874K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.9912	+0.240%	$700K	$5.0M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.9750	+0.059%	$27.1M	$4.5M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.9760	+0.070%	$301K	$1.7M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.9896	+0.222%	$32K	—	3x	as long as short
dYdX UNI-USD	+0.0156%	1h	8.9888	+0.213%	$237K	$31K	10x	as long as short
Hyperliquid UNI	+0.0179%	1h	8.9851	+0.172%	$96.1M	$66.5M	10x	as long as short
Coinbase International UNI-PERP-INTX	+0.0184%	1h	8.9830	+0.148%	$942K	$5.6M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.0010	+0.349%	$10.1M	$3.7M	75x	as long as short
Reya UNIRUSDPERP	+0.0377%	1h	8.9857	+0.179%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0243%	1h	8.9844	+0.163%	$639K	—	120x	as long as short
Aftermath Perps UNIUSDlong	+0.0466%	1h	8.9697	long leg	$965	$54K	10x