Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0043%/8h= −4.7% APRpaid last 24h −0.002%

Price spread now: Deribit against Binance+0.181%7-day average +0.041% · you sell dearer than you buy

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$400.402% of the position

Long on Binance Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.049%−$5 on $10k

Price spread, last 4 days (all we have)+0.656%+$66 · spread now +0.181%, 7d avg +0.041%

Together, before fees+0.607%+$61 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Deribit is 0.140% dearer against Binance than usual: you sell high and buy low (spread +0.181% now, against its 7-day average of +0.041%): +$14 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 11 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance UNIUSDT	9.1610	0.0100	pay 0.0100% / 8h	5h 10m	$227.4M	$622.1M	75x
Short	Deribit UNI_USDC-PERPETUAL	9.1776	0.0057	get 0.0007% / 1h	10m 01s	$588K	$193K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Binance. 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 BinancebpFee DeribitbpOrdersPrice spread, now +0.181%Rate

Funding earned: −$9.03
Price spread: +0.181% → +0.041%: $13.96
Slippage, 4 orders: −$23.24
Fee Binance: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$35.3
Costs to cover: 0.402%
Break-even: never at this rate

Slippage from Binance: live order book, 4 min ago; Deribit: live order book, 54 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 Binance live order book, 4 min ago	1.09 bp	7.2 bp −$7	14.2 bp −$142	43.4 bp −$4,342	174.3 bp −$87.2K
Sell Deribit live order book, 54 min ago	7.07 bp	15.1 bp −$15	24.3 bp −$243	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
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0006%	1h	9.1736	+0.138%	$49K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−3.613%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0056%	1h	9.1942	+0.362%	$459	$5	10x	as long as short
Deribit UNI_USDC-PERPETUALshort	+0.0057%	1h	9.1776	+0.181%	$588K	$193K	50x
Nado UNI-PERP	+0.0100%	1h	9.1805	+0.213%	$957K	$4.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.1779	+0.184%	$1.0M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.1916	+0.334%	$299K	$573K	10x	as long as short
Binance UNIUSDTlong	+0.0100%	8h	9.1610	long leg	$227.4M	$622.1M	75x
Bybit UNIUSDT	+0.0100%	8h	9.1510	−0.109%	$103.0M	$110.0M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.1520	−0.098%	$56.8M	$257.6M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus UNI-USD	+0.0100%	1h	9.2020	+0.448%	$292K	$618K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.1660	+0.055%	$23.5M	$62.0M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.1490	−0.131%	$49.3M	$25.3M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.1730	+0.131%	$13.8M	$13.0M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.1450	−0.175%	$33.5M	$43.4M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	9.1660	+0.055%	—	$56.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.1660	+0.055%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.1627	+0.019%	$4.3M	$4.2M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.1978	+0.402%	$173K	$343K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.1893	+0.309%	$642K	$2.7M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.2110	+0.546%	$90K	$694K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.1920	+0.338%	$56K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.2000	+0.426%	$88K	$419K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.1730	+0.131%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.1763	+0.167%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.1705	+0.104%	$22K	$772K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.1840	+0.251%	$724K	$4.5M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.1720	+0.120%	$27.7M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.1866	+0.280%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.1421	−0.206%	$312K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.1669	+0.065%	$33K	—	3x	as long as short
dYdX UNI-USD	+0.0118%	1h	9.1882	+0.297%	$242K	$31K	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.2030	+0.458%	$10.6M	$3.6M	75x	as long as short
Kraken Futures PF_UNIUSD	+0.0267%	1h	9.1755	+0.158%	$5.1M	$7.7M	50x	as long as short
Coinbase International UNI-PERP-INTX	+0.0296%	1h	9.1830	+0.240%	$1.1M	$5.4M	50x	as long as short
Reya UNIRUSDPERP	+0.0371%	1h	9.1719	+0.119%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.1729	+0.130%	$655K	—	120x	as long as short
Hyperliquid UNI	+0.0551%	1h	9.1801	+0.208%	$100.1M	$61.7M	10x	as long as short
Lighter UNI	+0.0576%	1h	9.1852	+0.264%	$4.7M	$5.8M	15x	as long as short
Aftermath Perps UNIUSD	+0.1008%	1h	9.1993	+0.418%	$933	$47K	10x	as long as short