Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Orderly against BingX+0.099%7-day average +0.025% · you sell dearer than you buy

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

Long on BingX Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days+0.106%+$11 on $10k

Price spread, last 3 days (all we have)+0.118%+$12 · spread now +0.099%, 7d avg +0.025%

Together, before fees+0.224%+$22 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: Orderly is 0.074% dearer against BingX than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX UNI-USDT	9.1160	0.0100	pay 0.0100% / 8h	7h 34m	—	$53.8M	—
Short	Orderly PERP_UNI_USDC	9.1250	0.0100	get 0.0100% / 8h	7h 34m	$16K	$1.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.099%Rate

Funding earned: $0
Price spread: +0.099% → +0.025%: $7.42
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$8.58
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 4 min ago; Orderly: no order-book sample. 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 BingX live order book, 4 min ago	0.54 bp	7.7 bp −$8	9.3 bp −$93	21.6 bp −$2,162	60.8 bp −$30.4K
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0005%	1h	9.1278	+0.129%	$76K	—	150x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0028%	1h	9.1273	+0.124%	$588K	$178K	50x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−3.137%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0072%	1h	9.1217	+0.063%	$455	—	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.1192	+0.036%	$964K	$4.2M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.1157	−0.003%	$1.0M	$3.4M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.1197	+0.040%	$306K	$583K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.1176	+0.017%	$228.4M	$595.3M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.1140	−0.022%	$102.9M	$107.1M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.1150	−0.011%	$56.1M	$254.3M	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	9.1270	+0.121%	$271K	$616K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.1180	+0.022%	$22.9M	$58.6M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.1150	−0.011%	$44.7M	$23.8M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.1210	+0.055%	$13.7M	$13.5M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.1180	+0.022%	$33.5M	$42.1M	75x	as long as short
BingX UNI-USDTlong	+0.0100%	8h	9.1160	long leg	—	$53.8M	—
Backpack UNI_USDC_PERP	+0.0100%	1h	9.1148	−0.013%	$1.0M	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.1441	+0.308%	$4.2M	$4.4M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.2036	+0.961%	$173K	$343K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.1570	+0.450%	$641K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.1690	+0.581%	$90K	$708K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.1680	+0.570%	$37K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.1246	+0.094%	$85K	$375K	10x	as long as short
Orderly PERP_UNI_USDCshort	+0.0100%	8h	9.1250	+0.099%	$16K	$1.7M	10x
SunX UNI-USDT	+0.0100%	8h	9.1282	+0.134%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.1225	+0.071%	$21K	$705K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.1300	+0.154%	$725K	$4.4M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.1190	+0.033%	$27.5M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.1139	−0.023%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.1157	−0.004%	$305K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.1257	+0.106%	$32K	—	3x	as long as short
dYdX UNI-USD	+0.0145%	1h	9.1143	−0.019%	$251K	$8K	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.1130	−0.033%	$10.2M	$3.5M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0272%	1h	9.1320	+0.176%	$1.1M	$5.6M	50x	as long as short
Reya UNIRUSDPERP	+0.0366%	1h	9.1203	+0.047%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0382% / S −0.0323%	1h	9.1258	+0.108%	$578K	—	120x	as long as short
Kraken Futures PF_UNIUSD	+0.0385%	1h	9.1298	+0.152%	$5.1M	$7.0M	50x	as long as short
Hyperliquid UNI	+0.0509%	1h	9.1237	+0.084%	$100.5M	$60.1M	10x	as long as short
Lighter UNI	+0.0856%	1h	9.1315	+0.170%	$4.6M	$5.3M	15x	as long as short
Aftermath Perps UNIUSD	+0.0926%	1h	9.1492	+0.364%	$1K	$49K	10x	as long as short