Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0257%/8h= +28.1% APRpaid last 24h −0.041%

Price spread now: Deribit against BloFin+0.594%57s7-day average +0.026% · you sell dearer than you buy

Net, funding: paid 7d − costs−$75as 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−$450.448% of the position

Long on BloFin Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.300%−$30 on $10k

Price spread, last 3 days (all we have)−0.501%−$50 · spread now +0.594%, 7d avg +0.026%

Together, before fees−0.801%−$80 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Deribit is 0.568% dearer against BloFin than usual: you sell high and buy low: +$57 more if the spread goes back to its 7-day average of +0.026%. Mind the row above: over the last 7 days funding on this pair cost −0.300%, so the current rate has only just turned in your favour. The two prices were read 57 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	9.2550	0.0220	pay 0.0220% / 8h	7h 26m	$10.3M	$3.6M	75x
Short	Deribit UNI_USDC-PERPETUAL	9.3100	0.0477	get 0.0060% / 1h	26m 09s	$600K	$178K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.594%Rate

Funding earned: $53.97
Price spread: +0.594% → +0.026%: $56.84
Slippage, 4 orders: −$25.8
Fee BloFin: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $66.01
Costs to cover: 0.448%
Break-even: from the start

Slippage from BloFin: live order book, 3 min ago; Deribit: live order book, 48 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, 3 min ago	1.62 bp	13.0 bp −$13	16.2 bp −$162	30.1 bp −$3,007	doesn't fit
Sell Deribit live order book, 48 min ago	7.01 bp	12.7 bp −$13	23.5 bp −$235	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	9.3041	+0.531%	$50K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−4.592%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0080%	1h	9.2912	+0.391%	$464	—	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.2945	+0.427%	$1.0M	$4.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.3070	+0.562%	$1.1M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.2778	+0.247%	$309K	$586K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.3017	+0.504%	$233.5M	$597.0M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.2970	+0.454%	$105.0M	$107.6M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.2950	+0.432%	$57.2M	$260.7M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.2900	+0.378%	$276K	$616K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate UNI_USDT	+0.0100%	8h	9.3000	+0.486%	$23.6M	$59.4M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.3000	+0.486%	$45.3M	$24.0M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.3000	+0.486%	$13.9M	$13.6M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.2950	+0.432%	$34.2M	$42.6M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.2970	+0.454%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.3002	+0.488%	$1.0M	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.2980	+0.464%	$4.2M	$4.4M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.2339	−0.228%	$174K	$343K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.2169	−0.412%	$649K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.2360	−0.205%	$90K	$707K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.2770	+0.238%	$37K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.3024	+0.512%	$82K	$382K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.2980	+0.465%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.3107	+0.602%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.3010	+0.497%	$22K	$719K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.3085	+0.578%	$735K	$4.4M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.3000	+0.486%	$28.0M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.2781	+0.250%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.2975	+0.459%	$311K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.3039	+0.529%	$33K	—	3x	as long as short
dYdX UNI-USD	+0.0113%	1h	9.2785	+0.254%	$244K	$20K	10x	as long as short
BloFin UNI-USDTlong	+0.0220%	8h	9.2550	long leg	$10.3M	$3.6M	75x
Coinbase International UNI-PERP-INTX	+0.0272%	1h	9.3140	+0.637%	$1.1M	$4.9M	50x	as long as short
Reya UNIRUSDPERP	+0.0366%	1h	9.2973	+0.457%	$17K	—	20x	as long as short
Kraken Futures PF_UNIUSD	+0.0377%	1h	9.3089	+0.582%	$5.2M	$7.0M	50x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0382% / S −0.0323%	1h	9.3029	+0.518%	$588K	—	120x	as long as short
Deribit UNI_USDC-PERPETUALshort	+0.0477%	1h	9.3100	+0.594%	$600K	$178K	50x
Hyperliquid UNI	+0.0559%	1h	9.3067	+0.559%	$102.6M	$60.7M	10x	as long as short
Aftermath Perps UNIUSD	+0.0964%	1h	9.2260	−0.313%	$1K	$49K	10x	as long as short
Lighter UNI	+0.0992%	1h	9.3189	+0.690%	$4.7M	$5.3M	15x	as long as short