Funding you earn now, next payment 08:00 UTC−0.0120%/8h= −13.1% APRnext payment −$1.20 per $10,000 · paid last 24h −0.033%
Price spread now: Phemex against BloFin−0.090%7-day average +0.014% · you buy dearer than you sell
Net, funding: paid 7d − costs−$75as in the Funding arb table
Net, price: spread back to 7d avg − costs−$62as in the Price arb table
costs, in and out, $10k−$520.520% of the position
Funding, last 7 days−0.228%−$23 on $10k
+Price spread, last 4 days (all we have)+0.136%+$14 · spread now −0.090%, 7d avg +0.014%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Phemex is 0.104% cheaper against BloFin than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.014%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin UNI-USDT | 8.9180 | 0.0220 | pay 0.0220% / 8h | 1h 20m | $10.0M | $3.6M | 75x |
| Short | Phemex UNIUSDT | 8.9100 | 0.0100 | get 0.0100% / 8h | 1h 20m | $26.9M | $4.5M | 50x |
BloFin UNI-USDT
Phemex UNIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against BloFin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$25.2
- Price spread: −0.090% → +0.014%
- −$10.35
- Slippage, 4 orders
- −$27.98
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$87.53
- Costs to cover
- 0.520%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 3 min ago; Phemex: 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, 3 min ago | 0.56 bp | 10.2 bp −$10 | 18.2 bp −$182 | 44.6 bp −$4,461 | doesn't fit |
| Sell Phemex live order book, 3 min ago | 6.72 bp | 15.2 bp −$15 | 21.3 bp −$213 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps UNI-USD | −0.0132% | 1h | 8.9144 | −0.040% | $107K | $618K | 10x | as long as short |
| Kraken Futures PF_UNIUSD | −0.0017% | 1h | 8.9191 | +0.012% | $4.7M | $8.6M | 50x | as long as short |
| 01 Exchange UNIUSD | −0.0016% | 1h | 8.9280 | +0.112% | $446 | $5 | 10x | as long as short |
| gTrade (Gains Network) UNI/USD | L +0.0004% / S −0.0007% | 1h | 8.9205 | +0.028% | $49K | — | 150x | as long as short |
| Injective UNI/USDC PERP | +0.0033% | 1h | 8.8300 | −0.987% | $660 | $153K | 12x | as long as short |
| Nado UNI-PERP | +0.0066% | 1h | 8.9155 | −0.028% | $740K | $4.7M | 10x | as long as short |
| Lighter UNI | +0.0096% | 1h | 8.9328 | +0.166% | $4.5M | $5.7M | 15x | as long as short |
| Paradex UNI-USD-PERP | +0.0100% | 8h | 8.9199 | +0.021% | $25K | — | 20x | as long as short |
| Aster UNIUSDT | +0.0100% | 8h | 8.9258 | +0.087% | $731K | $3.6M | 50x | as long as short |
| Pacifica UNI | +0.0100% | 1h | 8.9231 | +0.057% | $285K | $590K | 10x | as long as short |
Polymarket Perps UNI-USD
Kraken Futures PF_UNIUSD
01 Exchange UNIUSD
gTrade (Gains Network) UNI/USD
Injective UNI/USDC PERP
Nado UNI-PERP
Lighter UNI
Paradex UNI-USD-PERP
Aster UNIUSDT
Pacifica UNIShow all 40 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance UNIUSDT | +0.0100% | 8h | 8.9207 | +0.030% | $215.4M | $658.6M | 75x | as long as short |
| Bybit UNIUSDT | +0.0100% | 8h | 8.9200 | +0.022% | $99.1M | $111.5M | 75x | as long as short |
| OKX UNI-USDT-SWAP | +0.0100% | 8h | 8.9180 | 0.000% | $54.1M | $266.0M | 50x | as long as short |
| Arcus UNI-USD | +0.0100% | 1h | 8.9340 | +0.179% | $319K | $695K | 10x | as long as short |
| Gate UNI_USDT | +0.0100% | 8h | 8.9250 | +0.078% | $25.2M | $66.6M | 75x | as long as short |
| MEXC UNI_USDT | +0.0100% | 8h | 8.9210 | +0.034% | $49.0M | $26.6M | 200x | as long as short |
| KuCoin UNIUSDTM | +0.0100% | 8h | 8.9230 | +0.056% | $13.1M | $13.4M | 75x | as long as short |
| Bitget UNIUSDT | +0.0100% | 8h | 8.9210 | +0.034% | $32.6M | $45.4M | 75x | as long as short |
| BingX UNI-USDC | +0.0100% | 8h | 8.9220 | +0.045% | — | $6.5M | — | as long as short |
| Backpack UNI_USDC_PERP | +0.0100% | 1h | 8.9203 | +0.026% | $1.0M | $2.4M | 10x | as long as short |
| Variational Omni UNI | +0.0100% | 8h | 8.9139 | −0.046% | $4.1M | $4.3M | — | as long as short |
| edgeX UNIUSDC | +0.0100% | 4h | 8.9258 | +0.088% | $169K | $346K | 20x | as long as short |
| GRVT UNI_USDT_Perp | +0.0100% | 8h | 8.9241 | +0.068% | $624K | $2.7M | 10x | as long as short |
| ApeX Omni UNIUSDT | +0.0100% | 1h | 8.9260 | +0.090% | $90K | $711K | 50x | as long as short |
| StandX UNI-USD | +0.0100% | 1h | 8.9220 | +0.045% | $15K | $3.5M | 20x | as long as short |
| Orderly PERP_UNI_USDC | +0.0100% | 8h | 8.9180 | 0.000% | $16K | $1.9M | 10x | as long as short |
| SunX UNI-USDT | +0.0100% | 8h | 8.9251 | +0.080% | $36K | $1.4M | 30x | as long as short |
| SoDEX UNI-USD | +0.0100% | 1h | 8.9130 | −0.056% | $32K | $886K | 10x | as long as short |
| HTX UNI-USDT | +0.0100% | 8h | 8.9320 | +0.157% | $699K | $4.8M | 75x | as long as short |
| Phemex UNIUSDTshort | +0.0100% | 8h | 8.9100 | −0.090% | $26.9M | $4.5M | 50x | |
| Deribit UNI_USDC-PERPETUAL | +0.0103% | 1h | 8.9225 | +0.050% | $588K | $250K | 50x | as long as short |
| Extended UNI-USD | +0.0104% | 1h | 8.9201 | +0.024% | $293K | $1.7M | 25x | as long as short |
| Aevo UNI-PERP | +0.0104% | 1h | 8.9165 | −0.017% | $32K | — | 3x | as long as short |
| Hyperliquid UNI | +0.0187% | 1h | 8.9288 | +0.121% | $94.9M | $67.5M | 10x | as long as short |
| Coinbase International UNI-PERP-INTX | +0.0192% | 1h | 8.9250 | +0.078% | $930K | $5.5M | 50x | as long as short |
| BloFin UNI-USDTlong | +0.0220% | 8h | 8.9180 | long leg | $10.0M | $3.6M | 75x | |
| dYdX UNI-USD | +0.0263% | 1h | 8.9235 | +0.062% | $235K | $31K | 10x | as long as short |
| Reya UNIRUSDPERP | +0.0379% | 1h | 8.9117 | −0.071% | $16K | — | 20x | as long as short |
| GMX UNI/USD [UNI-USDC] | L +0.0381% / S −0.0243% | 1h | 8.9142 | −0.043% | $634K | — | 120x | as long as short |
| Aftermath Perps UNIUSD | +0.0484% | 1h | 8.9275 | +0.107% | $1K | $53K | 10x | as long as short |
Binance UNIUSDT
Bybit UNIUSDT
OKX UNI-USDT-SWAP
Arcus UNI-USD
Gate UNI_USDT
MEXC UNI_USDT
KuCoin UNIUSDTM
Bitget UNIUSDT
BingX UNI-USDC
Backpack UNI_USDC_PERP
Variational Omni UNI
edgeX UNIUSDC
GRVT UNI_USDT_Perp
ApeX Omni UNIUSDT
StandX UNI-USD
Orderly PERP_UNI_USDC
SunX UNI-USDT
SoDEX UNI-USD
HTX UNI-USDT
Deribit UNI_USDC-PERPETUAL
Extended UNI-USD
Aevo UNI-PERP
Hyperliquid UNI
Coinbase International UNI-PERP-INTX
dYdX UNI-USD
Reya UNIRUSDPERP
GMX UNI/USD [UNI-USDC]
Aftermath Perps UNIUSD