Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Extended against BingX+0.047%7-day average −0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$390.386% of the position

Long on BingX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.143%+$14 on $10k

Price spread, last 7 days−0.019%−$2 · spread now +0.047%, 7d avg −0.011%

Together, before fees+0.124%+ Points / potential airdropExtended: Active · farm board+$12 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.058% dearer against BingX than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX UNI-USDC	9.1740	0.0100	pay 0.0100% / 8h	6h 01m	—	$6.5M	—
Short	Extended UNI-USD	9.1783	0.0104	get 0.0013% / 1h	1m 58s	$304K	$1.5M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against BingX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 ExtendedbpOrdersPrice spread, now +0.047%Rate

Funding earned: $0.84
Price spread: +0.047% → −0.011%: $5.76
Slippage, 4 orders: −$23.61
Fee BingX: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$32
Costs to cover: 0.386%
Break-even: 273.7 days

Slippage from BingX: live order book, 4 min ago; Extended: live order book, 1 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, 4 min ago	1.64 bp	12.8 bp −$13	28.2 bp −$282	81.1 bp −$8,110	588.4 bp −$294.2K
Sell Extended live order book, 1 min ago	1.36 bp	4.0 bp −$4	7.6 bp −$76	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	9.1929	+0.206%	$26K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−3.750%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0072%	1h	9.1964	+0.244%	$459	$5	10x	as long as short
dYdX UNI-USD	+0.0077%	1h	9.1842	+0.111%	$242K	$30K	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.1925	+0.202%	$975K	$4.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.1922	+0.198%	$1.1M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.1860	+0.131%	$300K	$568K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.1790	+0.055%	$229.7M	$607.7M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.1770	+0.033%	$103.0M	$107.4M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.1790	+0.055%	$56.8M	$255.8M	50x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus UNI-USD	+0.0100%	1h	9.1940	+0.218%	$291K	$618K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.1760	+0.022%	$23.5M	$59.5M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.1850	+0.120%	$49.8M	$26.5M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.1840	+0.109%	$13.8M	$12.8M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.1790	+0.055%	$33.6M	$42.4M	75x	as long as short
BingX UNI-USDClong	+0.0100%	8h	9.1740	long leg	—	$6.5M	—
Backpack UNI_USDC_PERP	+0.0100%	1h	9.1792	+0.057%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.1159	−0.633%	$4.2M	$4.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.1120	−0.676%	$172K	$345K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.1496	−0.266%	$636K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.1140	−0.654%	$89K	$700K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.1620	−0.131%	$56K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.1970	+0.251%	$88K	$406K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.1780	+0.044%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.1922	+0.198%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.1805	+0.071%	$22K	$727K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.1912	+0.187%	$730K	$4.2M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.1780	+0.044%	$27.7M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.1785	+0.049%	$26K	—	20x	as long as short
Extended UNI-USDshort	+0.0104%	1h	9.1783	+0.047%	$304K	$1.5M	25x
Aevo UNI-PERP	+0.0104%	1h	9.1800	+0.065%	$33K	—	3x	as long as short
Hyperliquid UNI	+0.0276%	1h	9.1900	+0.174%	$100.0M	$59.0M	10x	as long as short
Coinbase International UNI-PERP-INTX	+0.0312%	1h	9.1840	+0.109%	$1.1M	$4.7M	50x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0332%	1h	9.1845	+0.115%	$596K	$188K	50x	as long as short
Reya UNIRUSDPERP	+0.0369%	1h	9.1902	+0.177%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.1936	+0.214%	$655K	—	120x	as long as short
Kraken Futures PF_UNIUSD	+0.0417%	1h	9.1858	+0.128%	$5.1M	$6.9M	50x	as long as short
Lighter UNI	+0.0512%	1h	9.1941	+0.219%	$4.7M	$5.3M	15x	as long as short
Aftermath Perps UNIUSD	+0.0907%	1h	9.1479	−0.284%	$1K	$48K	10x	as long as short