Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.003%
Price spread now: Phemex against Backpack−0.130%7-day average −0.013% · you buy dearer than you sell
Net, funding: paid 7d − costs−$60as in the Funding arb table
Net, price: spread back to 7d avg − costs−$68as in the Price arb table
costs, in and out, $10k−$560.564% of the position
Funding, last 7 days−0.035%−$3 on $10k
+Price spread, last 3 days (all we have)+0.347%+$35 · spread now −0.130%, 7d avg −0.013%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.117% cheaper against Backpack than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of −0.013%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack UNI_USDC_PERP | 8.8455 | 0.0100 | pay 0.0013% / 1h | 26m 25s | $982K | $2.3M | 10x |
| Short | Phemex UNIUSDT | 8.8340 | 0.0100 | get 0.0100% / 8h | 1h 26m | $26.6M | $4.4M | 50x |
Backpack UNI_USDC_PERP
Phemex UNIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Backpack. 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
- $0
- Price spread: −0.130% → −0.013%
- −$11.75
- Slippage, 4 orders
- −$34.41
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$68.16
- Costs to cover
- 0.564%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 3 min ago; Phemex: live order book, 3 min ago.
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 Backpack live order book, 3 min ago | 0.06 bp | 7.4 bp −$7 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phemex live order book, 3 min ago | 9.61 bp | 19.8 bp −$20 | 34.4 bp −$344 | doesn't fit | doesn't fit |
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 | −0.0066% | 8h | 8.8274 | −0.205% | $3.9M | $4.5M | — | as long as short |
| Bybit UNIUSDT | −0.0005% | 8h | 8.8430 | −0.028% | $100.8M | $104.4M | 75x | as long as short |
| gTrade (Gains Network) UNI/USD | L +0.0004% / S −0.0004% | 1h | 8.8485 | +0.034% | $61K | — | 150x | as long as short |
| Injective UNI/USDC PERP | +0.0033% | 1h | 8.8300 | −0.175% | $660 | $155K | 12x | as long as short |
| OKX UNI-USDT-SWAP | +0.0043% | 8h | 8.8440 | −0.017% | $54.8M | $243.8M | 50x | as long as short |
| 01 Exchange UNIUSD | +0.0056% | 1h | 8.8482 | +0.031% | $442 | — | 10x | as long as short |
| Paradex UNI-USD-PERP | +0.0100% | 8h | 8.8410 | −0.051% | $25K | — | 20x | as long as short |
| Nado UNI-PERP | +0.0100% | 1h | 8.8445 | −0.011% | $940K | $4.0M | 10x | as long as short |
| Aster UNIUSDT | +0.0100% | 8h | 8.8548 | +0.106% | $1.0M | $3.3M | 50x | as long as short |
| Pacifica UNI | +0.0100% | 1h | 8.8514 | +0.067% | $297K | $570K | 10x | as long as short |
Variational Omni UNI
Bybit UNIUSDT
gTrade (Gains Network) UNI/USD
Injective UNI/USDC PERP
OKX UNI-USDT-SWAP
01 Exchange UNIUSD
Paradex UNI-USD-PERP
Nado UNI-PERP
Aster UNIUSDT
Pacifica UNIShow all 40 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance UNIUSDT | +0.0100% | 8h | 8.8445 | −0.011% | $217.1M | $588.0M | 75x | as long as short |
| Arcus UNI-USD | +0.0100% | 1h | 8.8520 | +0.073% | $282K | $615K | 10x | as long as short |
| Gate UNI_USDT | +0.0100% | 8h | 8.8470 | +0.017% | $23.0M | $58.6M | 75x | as long as short |
| MEXC UNI_USDT | +0.0100% | 8h | 8.8420 | −0.040% | $42.8M | $24.5M | 200x | as long as short |
| KuCoin UNIUSDTM | +0.0100% | 8h | 8.8440 | −0.017% | $13.5M | $13.8M | 75x | as long as short |
| Bitget UNIUSDT | +0.0100% | 8h | 8.8430 | −0.028% | $32.0M | $41.4M | 75x | as long as short |
| BingX UNI-USDT | +0.0100% | 8h | 8.8430 | −0.028% | — | $51.7M | — | as long as short |
| Backpack UNI_USDC_PERPlong | +0.0100% | 1h | 8.8455 | long leg | $982K | $2.3M | 10x | |
| edgeX UNIUSDC | +0.0100% | 4h | 8.8335 | −0.136% | $166K | $342K | 20x | as long as short |
| GRVT UNI_USDT_Perp | +0.0100% | 8h | 8.8402 | −0.060% | $613K | $2.5M | 10x | as long as short |
| ApeX Omni UNIUSDT | +0.0100% | 1h | 8.8370 | −0.096% | $87K | $712K | 50x | as long as short |
| StandX UNI-USD | +0.0100% | 1h | 8.8280 | −0.198% | $105K | $3.3M | 20x | as long as short |
| Polymarket Perps UNI-USD | +0.0100% | 1h | 8.8468 | +0.015% | $86K | $353K | 10x | as long as short |
| Orderly PERP_UNI_USDC | +0.0100% | 8h | 8.8460 | +0.006% | $16K | $1.7M | 10x | as long as short |
| SunX UNI-USDT | +0.0100% | 8h | 8.8320 | −0.153% | $36K | $1.3M | 30x | as long as short |
| SoDEX UNI-USD | +0.0100% | 1h | 8.8335 | −0.136% | $25K | $666K | 10x | as long as short |
| HTX UNI-USDT | +0.0100% | 8h | 8.8365 | −0.102% | $725K | $4.3M | 75x | as long as short |
| Phemex UNIUSDTshort | +0.0100% | 8h | 8.8340 | −0.130% | $26.6M | $4.4M | 50x | |
| Extended UNI-USD | +0.0104% | 1h | 8.8405 | −0.057% | $300K | $1.4M | 25x | as long as short |
| Aevo UNI-PERP | +0.0104% | 1h | 8.8400 | −0.062% | $31K | $1K | 3x | as long as short |
| dYdX UNI-USD | +0.0160% | 1h | 8.8503 | +0.054% | $245K | $6K | 10x | as long as short |
| Deribit UNI_USDC-PERPETUAL | +0.0167% | 1h | 8.8433 | −0.024% | $562K | $157K | 50x | as long as short |
| BloFin UNI-USDT | +0.0220% | 8h | 8.8350 | −0.119% | $9.8M | $3.3M | 75x | as long as short |
| Coinbase International UNI-PERP-INTX | +0.0224% | 1h | 8.8380 | −0.085% | $1.0M | $5.3M | 50x | as long as short |
| Hyperliquid UNI | +0.0311% | 1h | 8.8590 | +0.153% | $97.1M | $59.3M | 10x | as long as short |
| Kraken Futures PF_UNIUSD | +0.0342% | 1h | 8.8420 | −0.039% | $4.9M | $7.0M | 50x | as long as short |
| Reya UNIRUSDPERP | +0.0362% | 1h | 8.8415 | −0.045% | $16K | — | 20x | as long as short |
| GMX UNI/USD [UNI-USDC] | L +0.0379% / S −0.0319% | 1h | 8.8464 | +0.011% | $554K | — | 120x | as long as short |
| Aftermath Perps UNIUSD | +0.0623% | 1h | 8.8381 | −0.084% | $1K | $49K | 10x | as long as short |
| Lighter UNI | +0.0624% | 1h | 8.8629 | +0.197% | $4.5M | $5.2M | 15x | as long as short |
Binance UNIUSDT
Arcus UNI-USD
Gate UNI_USDT
MEXC UNI_USDT
KuCoin UNIUSDTM
Bitget UNIUSDT
BingX UNI-USDT
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
dYdX UNI-USD
Deribit UNI_USDC-PERPETUAL
BloFin UNI-USDT
Coinbase International UNI-PERP-INTX
Hyperliquid UNI
Kraken Futures PF_UNIUSD
Reya UNIRUSDPERP
GMX UNI/USD [UNI-USDC]
Aftermath Perps UNIUSD
Lighter UNI