Funding you earn now, next payment 00:00 UTC+0.0009%/8h= +1.0% APRnext payment +$0.09 per $10,000 · paid last 24h +0.030%
Price spread now: Binance against Bybit+0.029%7-day average +0.061% · you sell dearer than you buy
Net, funding: paid 7d − costs−$27as in the Funding arb table
Net, price: spread back to 7d avg − costs−$34as in the Price arb table
costs, in and out, $10k−$300.304% of the position
Funding, last 7 days+0.030%+$3 on $10k
+Price spread, last 7 days+0.023%+$2 · spread now +0.029%, 7d avg +0.061%
=Funding pays, the price is against you. Binance is 0.032% cheaper against Bybit than usual: you would sell low and buy high (spread +0.029% now, against its 7-day average of +0.061%). If the spread goes back, that is −$3 on $10k: about 11 days of funding at the current rate ($0 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit UNIUSDT | 8.9710 | 0.0091 | pay 0.0091% / 8h | 24m 14s | $101.8M | $105.0M | 75x |
| Short | Binance UNIUSDT | 8.9736 | 0.0100 | get 0.0100% / 8h | 24m 14s | $222.0M | $590.2M | 75x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bybit. 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
- $1.98
- Price spread: +0.029% → +0.061%
- −$3.16
- Slippage, 4 orders
- −$9.38
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$31.56
- Costs to cover
- 0.304%
- Break-even
- 118.7 days
Slippage from Bybit: live order book, 5 min ago; Binance: live order book, 5 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 Bybit live order book, 5 min ago | 0.56 bp | 9.0 bp −$9 | 17.9 bp −$179 | 38.5 bp −$3,845 | doesn't fit |
| Sell Binance live order book, 5 min ago | 0.56 bp | 7.1 bp −$7 | 13.3 bp −$133 | 36.6 bp −$3,660 | 154.1 bp −$77.1K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Injective UNI/USDC PERP | −0.0049% | 1h | 8.8300 | −1.572% | $660 | $155K | 12x | as long as short |
| gTrade (Gains Network) UNI/USD | L +0.0004% / S −0.0004% | 1h | 8.9754 | +0.049% | $62K | — | 150x | as long as short |
| Deribit UNI_USDC-PERPETUAL | +0.0029% | 1h | 8.9765 | +0.061% | $578K | $176K | 50x | as long as short |
| Variational Omni UNI | +0.0051% | 8h | 8.9935 | +0.250% | $4.1M | $4.4M | — | as long as short |
| Bybit UNIUSDTlong | +0.0091% | 8h | 8.9710 | long leg | $101.8M | $105.0M | 75x | |
| OKX UNI-USDT-SWAP | +0.0091% | 8h | 8.9700 | −0.011% | $54.9M | $248.8M | 50x | as long as short |
| Nado UNI-PERP | +0.0100% | 1h | 8.9765 | +0.061% | $953K | $4.2M | 10x | as long as short |
| Aster UNIUSDT | +0.0100% | 8h | 8.9790 | +0.089% | $1.0M | $3.3M | 50x | as long as short |
| Pacifica UNI | +0.0100% | 1h | 8.9755 | +0.050% | $297K | $593K | 10x | as long as short |
| Binance UNIUSDTshort | +0.0100% | 8h | 8.9736 | +0.029% | $222.0M | $590.2M | 75x |
Show all 40 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Arcus UNI-USD | +0.0100% | 1h | 8.9840 | +0.145% | $265K | $632K | 10x | as long as short |
| Gate UNI_USDT | +0.0100% | 8h | 8.9740 | +0.033% | $22.9M | $58.8M | 75x | as long as short |
| MEXC UNI_USDT | +0.0100% | 8h | 8.9730 | +0.022% | $43.6M | $24.0M | 200x | as long as short |
| KuCoin UNIUSDTM | +0.0100% | 8h | 8.9750 | +0.045% | $13.6M | $13.5M | 75x | as long as short |
| Bitget UNIUSDT | +0.0100% | 8h | 8.9700 | −0.011% | $32.8M | $42.1M | 75x | as long as short |
| BingX UNI-USDT | +0.0100% | 8h | 8.9730 | +0.022% | — | $52.0M | — | as long as short |
| Backpack UNI_USDC_PERP | +0.0100% | 1h | 8.9804 | +0.105% | $1.0M | $2.4M | 10x | as long as short |
| edgeX UNIUSDC | +0.0100% | 4h | 8.9917 | +0.231% | $169K | $342K | 20x | as long as short |
| GRVT UNI_USDT_Perp | +0.0100% | 8h | 9.0060 | +0.390% | $632K | $2.5M | 10x | as long as short |
| ApeX Omni UNIUSDT | +0.0100% | 1h | 8.9950 | +0.268% | $88K | $713K | 50x | as long as short |
| StandX UNI-USD | +0.0100% | 1h | 8.9880 | +0.189% | $36K | $3.3M | 20x | as long as short |
| Polymarket Perps UNI-USD | +0.0100% | 1h | 8.9766 | +0.062% | $85K | $363K | 10x | as long as short |
| Orderly PERP_UNI_USDC | +0.0100% | 8h | 8.9730 | +0.022% | $16K | $1.7M | 10x | as long as short |
| SunX UNI-USDT | +0.0100% | 8h | 8.9840 | +0.145% | $37K | $1.3M | 30x | as long as short |
| SoDEX UNI-USD | +0.0100% | 1h | 8.9728 | +0.020% | $21K | $676K | 10x | as long as short |
| HTX UNI-USDT | +0.0100% | 8h | 8.9915 | +0.229% | $717K | $4.3M | 75x | as long as short |
| Phemex UNIUSDT | +0.0100% | 8h | 8.9730 | +0.022% | $27.1M | $4.5M | 50x | as long as short |
| Paradex UNI-USD-PERP | +0.0100% | 8h | 8.9739 | +0.032% | $26K | — | 20x | as long as short |
| Extended UNI-USD | +0.0104% | 1h | 8.9677 | −0.037% | $303K | $1.5M | 25x | as long as short |
| Aevo UNI-PERP | +0.0104% | 1h | 8.9743 | +0.037% | $32K | $1K | 3x | as long as short |
| dYdX UNI-USD | +0.0174% | 1h | 8.9788 | +0.087% | $249K | $6K | 10x | as long as short |
| 01 Exchange UNIUSD | +0.0176% | 1h | 8.9806 | +0.107% | $448 | — | 10x | as long as short |
| BloFin UNI-USDT | +0.0220% | 8h | 8.9730 | +0.022% | $10.0M | $3.5M | 75x | as long as short |
| Coinbase International UNI-PERP-INTX | +0.0232% | 1h | 8.9860 | +0.167% | $1.1M | $5.4M | 50x | as long as short |
| Reya UNIRUSDPERP | +0.0364% | 1h | 8.9719 | +0.010% | $16K | — | 20x | as long as short |
| GMX UNI/USD [UNI-USDC] | L +0.0382% / S −0.0323% | 1h | 8.9747 | +0.041% | $568K | — | 120x | as long as short |
| Hyperliquid UNI | +0.0514% | 1h | 8.9829 | +0.133% | $98.5M | $59.0M | 10x | as long as short |
| Kraken Futures PF_UNIUSD | +0.0564% | 1h | 8.9799 | +0.099% | $5.0M | $7.0M | 50x | as long as short |
| Aftermath Perps UNIUSD | +0.0808% | 1h | 8.9951 | +0.269% | $1K | $49K | 10x | as long as short |
| Lighter UNI | +0.0872% | 1h | 8.9913 | +0.226% | $4.6M | $5.2M | 15x | as long as short |
Bybit UNIUSDT
Binance UNIUSDT
Injective UNI/USDC PERP
gTrade (Gains Network) UNI/USD
Deribit UNI_USDC-PERPETUAL
Variational Omni UNI
OKX UNI-USDT-SWAP
Aster UNIUSDT
Pacifica UNI
Gate UNI_USDT
MEXC UNI_USDT
KuCoin UNIUSDTM
Bitget UNIUSDT
BingX UNI-USDT
Backpack UNI_USDC_PERP
edgeX UNIUSDC
GRVT UNI_USDT_Perp
ApeX Omni UNIUSDT
StandX UNI-USD
Polymarket Perps UNI-USD
SunX UNI-USDT
SoDEX UNI-USD
HTX UNI-USDT
Phemex UNIUSDT
Paradex UNI-USD-PERP
Extended UNI-USD
01 Exchange UNIUSD
BloFin UNI-USDT
Coinbase International UNI-PERP-INTX
GMX UNI/USD [UNI-USDC]
Hyperliquid UNI
Kraken Futures PF_UNIUSD
Aftermath Perps UNIUSD
Lighter UNI