Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0081%/8h= +8.9% APRpaid last 24h −0.006%

Price spread now: Deribit against BingX+0.027%7-day average — · you sell dearer than you buy

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$380.381% of the position

Long on BingX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.010%−$1 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Deribit is 0.027% dearer against BingX than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX UNI-USDT	9.1670	0.0100	pay 0.0100% / 8h	5h 59m	—	$56.8M	—
Short	Deribit UNI_USDC-PERPETUAL	9.1694	0.0181	get 0.0023% / 1h	59m 09s	$595K	$188K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against BingX. 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 BingXbpFee DeribitbpOrdersPrice spread, now +0.027%Rate

Funding earned: $17.01
Price spread: +0.027% → 0.000%: $2.66
Slippage, 4 orders: −$21.09
Fee BingX: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$18.42
Costs to cover: 0.381%
Break-even: 14.6 days

Slippage from BingX: live order book, 10 min ago; Deribit: live order book, 5 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 BingX live order book, 10 min ago	0.55 bp	5.6 bp −$6	7.6 bp −$76	17.5 bp −$1,745	61.5 bp −$30.8K
Sell Deribit live order book, 5 min ago	7.07 bp	15.1 bp −$15	24.3 bp −$243	doesn't fit	doesn't fit

UNI on 39 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 −0.0007%	1h	9.1629	−0.045%	$26K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−3.676%	$660	$154K	12x	as long as short
dYdX UNI-USD	+0.0074%	1h	9.1794	+0.136%	$242K	$30K	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.1650	−0.022%	$964K	$4.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.1704	+0.037%	$1.1M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.1800	+0.142%	$300K	$564K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.1730	+0.065%	$230.2M	$607.2M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.1680	+0.011%	$103.0M	$107.2M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.1660	−0.011%	$56.7M	$254.9M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.1910	+0.262%	$291K	$619K	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate UNI_USDT	+0.0100%	8h	9.1700	+0.033%	$23.5M	$58.4M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.1730	+0.065%	$49.8M	$24.9M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.1700	+0.033%	$13.8M	$12.8M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.1660	−0.011%	$33.6M	$42.2M	75x	as long as short
BingX UNI-USDTlong	+0.0100%	8h	9.1670	long leg	—	$56.8M	—
Backpack UNI_USDC_PERP	+0.0100%	1h	9.1713	+0.047%	$1.0M	$2.2M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.1879	+0.228%	$4.2M	$4.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.1882	+0.231%	$173K	$346K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.1739	+0.075%	$638K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.1940	+0.295%	$90K	$698K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.1860	+0.207%	$57K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.1702	+0.035%	$90K	$409K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.1670	0.000%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.1698	+0.031%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.1680	+0.011%	$22K	$727K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.1808	+0.151%	$729K	$4.2M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.1730	+0.065%	$27.7M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.1704	+0.037%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.1623	−0.051%	$304K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.1688	+0.019%	$33K	—	3x	as long as short
Deribit UNI_USDC-PERPETUALshort	+0.0181%	1h	9.1694	+0.027%	$595K	$188K	50x
01 Exchange UNIUSD	+0.0192%	1h	9.1772	+0.111%	$458	$5	10x	as long as short
Kraken Futures PF_UNIUSD	+0.0268%	1h	9.1707	+0.040%	$5.1M	$6.9M	50x	as long as short
Coinbase International UNI-PERP-INTX	+0.0296%	1h	9.1880	+0.229%	$1.1M	$4.7M	50x	as long as short
Reya UNIRUSDPERP	+0.0369%	1h	9.1626	−0.048%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.1622	−0.052%	$652K	—	120x	as long as short
Hyperliquid UNI	+0.0543%	1h	9.1825	+0.169%	$99.9M	$59.2M	10x	as long as short
Lighter UNI	+0.0592%	1h	9.1880	+0.229%	$4.8M	$5.5M	15x	as long as short
Aftermath Perps UNIUSD	+0.0917%	1h	9.1694	+0.026%	$1K	$47K	10x	as long as short