UNI

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0120%/8h= −13.1% APRnext payment −$1.20 per $10,000 · paid last 24h −0.060%

Price spread now: Bybit against BloFin−0.167%82s7-day average −0.074% · you buy dearer than you sell

Net, funding: paid 7d − costs−$68as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$400.401% of the position

Long on BloFin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.277%−$28 on $10k

Price spread, last 4 days (all we have)−0.058%−$6 · spread now −0.167%, 7d avg −0.074%

Together, before fees−0.335%−$34 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Bybit is 0.093% cheaper against BloFin than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.074%). Swap the legs. The two prices were read 82 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin UNI-USDT	8.9620	0.0220	pay 0.0220% / 8h	3h 25m	$10.2M	$3.5M	75x
Short	Bybit UNIUSDT	8.9470	0.0100	get 0.0100% / 8h	3h 25m	$100.4M	$111.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against BloFin. 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 BloFinbpFee BybitbpOrdersPrice spread, now −0.167%Rate

Funding earned: −$25.2
Price spread: −0.167% → −0.074%: −$9.3
Slippage, 4 orders: −$17.1
Fee BloFin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$74.59
Costs to cover: 0.401%
Break-even: never at this rate

Slippage from BloFin: live order book, 8 min ago; Bybit: 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 BloFin live order book, 8 min ago	1.11 bp	11.3 bp −$11	17.4 bp −$174	40.1 bp −$4,012	doesn't fit
Sell Bybit live order book, 3 min ago	0.56 bp	9.8 bp −$10	18.2 bp −$182	43.4 bp −$4,342	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 −0.0004%	1h	8.9595	−0.028%	$37K	—	150x	as long as short
01 Exchange UNIUSD	+0.0008%	1h	8.9581	−0.044%	$447	$5	10x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−1.473%	$660	$154K	12x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0083%	1h	8.9606	−0.016%	$574K	$208K	50x	as long as short
Lighter UNI	+0.0096%	1h	8.9624	+0.004%	$4.5M	$5.9M	15x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.9573	−0.052%	$26K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.9570	−0.056%	$973K	$4.5M	10x	as long as short
Hyperliquid UNI	+0.0100%	1h	8.9593	−0.030%	$95.4M	$64.1M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.9574	−0.052%	$785K	$3.6M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.9606	−0.016%	$291K	$608K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance UNIUSDT	+0.0100%	8h	8.9508	−0.125%	$220.9M	$647.5M	75x	as long as short
Bybit UNIUSDTshort	+0.0100%	8h	8.9470	−0.167%	$100.4M	$111.9M	75x
OKX UNI-USDT-SWAP	+0.0100%	8h	8.9480	−0.156%	$54.6M	$261.0M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.9680	+0.067%	$313K	$656K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.9510	−0.123%	$23.9M	$64.0M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.9530	−0.100%	$47.9M	$26.0M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.9510	−0.123%	$13.2M	$13.3M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.9470	−0.167%	$33.2M	$45.4M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.9500	−0.134%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.9560	−0.067%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	8.9508	−0.124%	$4.2M	$4.2M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.9795	+0.195%	$169K	$343K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.9680	+0.067%	$623K	$2.8M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.9820	+0.223%	$92K	$703K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.9660	+0.045%	$15K	$3.4M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.9566	−0.060%	$86K	$437K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.9580	−0.045%	$16K	$1.4M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.9626	+0.007%	$37K	$1.4M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.9519	−0.113%	$29K	$817K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.9652	+0.036%	$701K	$4.9M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.9530	−0.100%	$27.1M	$4.4M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.9457	−0.182%	$285K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.9557	−0.070%	$32K	—	3x	as long as short
Coinbase International UNI-PERP-INTX	+0.0216%	1h	8.9550	−0.078%	$933K	$5.8M	50x	as long as short
BloFin UNI-USDTlong	+0.0220%	8h	8.9620	long leg	$10.2M	$3.5M	75x
Kraken Futures PF_UNIUSD	+0.0272%	1h	8.9562	−0.065%	$4.9M	$8.1M	50x	as long as short
dYdX UNI-USD	+0.0277%	1h	8.9594	−0.029%	$236K	$30K	10x	as long as short
Reya UNIRUSDPERP	+0.0374%	1h	8.9530	−0.100%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	8.9588	−0.035%	$638K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0792%	1h	8.9766	+0.163%	$949	$45K	10x	as long as short