Funding you earn now, next payment 11:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h +0.020%
Price spread now: Deribit against Bybit+0.157%45s7-day average +0.104% · you sell dearer than you buy
Net, funding: paid 7d − costs−$42as 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−$430.425% of the position
Funding, last 7 days+0.007%+$1 on $10k
+Price spread, last 4 days (all we have)+0.395%+$39 · spread now +0.157%, 7d avg +0.104%
=The price spread pays, funding is against you. Deribit is 0.053% dearer against Bybit than usual: you sell high and buy low (spread +0.157% now, against its 7-day average of +0.104%): +$5 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 42 hours. The two prices were read 45 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 | Bybit UNIUSDT | 8.8020 | 0.0100 | pay 0.0100% / 8h | 5h 51m | $97.4M | $97.3M | 75x |
| Short | Deribit UNI_USDC-PERPETUAL | 8.8158 | 0 | get 0.0000% / 1h | 51m 29s | $583K | $217K | 50x |
Bybit UNIUSDT
Deribit UNI_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- −$21
- Price spread: +0.157% → +0.104%
- $5.31
- Slippage, 4 orders
- −$24.53
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$58.22
- Costs to cover
- 0.425%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 6 min ago; Deribit: live order book, 60 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, 6 min ago | 0.57 bp | 6.9 bp −$7 | 15.3 bp −$153 | 37.1 bp −$3,714 | doesn't fit |
| Sell Deribit live order book, 60 min ago | 9.74 bp | 14.1 bp −$14 | 22.3 bp −$223 | doesn't fit | doesn't fit |
UNI on 40 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit UNI_USDC-PERPETUALshort | 0.0000% | 1h | 8.8158 | +0.157% | $583K | $217K | 50x | |
| gTrade (Gains Network) UNI/USD | L +0.0004% / S −0.0005% | 1h | 8.8160 | +0.159% | $76K | — | 150x | as long as short |
| Nado UNI-PERP | +0.0026% | 1h | 8.8015 | −0.006% | $711K | $3.9M | 10x | as long as short |
| Injective UNI/USDC PERP | +0.0033% | 1h | 8.8300 | +0.318% | $660 | $147K | 12x | as long as short |
| Lighter UNI | +0.0096% | 1h | 8.8125 | +0.119% | $4.4M | $4.8M | 15x | as long as short |
| 01 Exchange UNIUSD | +0.0096% | 1h | 8.8074 | +0.061% | $439 | $56 | 10x | as long as short |
| Paradex UNI-USD-PERP | +0.0100% | 8h | 8.7969 | −0.058% | $25K | — | 20x | as long as short |
| Aster UNIUSDT | +0.0100% | 8h | 8.8086 | +0.075% | $740K | $2.4M | 50x | as long as short |
| Pacifica UNI | +0.0100% | 1h | 8.8030 | +0.011% | $286K | $467K | 10x | as long as short |
| Binance UNIUSDT | +0.0100% | 8h | 8.8040 | +0.023% | $213.5M | $567.2M | 75x | as long as short |
gTrade (Gains Network) UNI/USD
Nado UNI-PERP
Injective UNI/USDC PERP
Lighter UNI
01 Exchange UNIUSD
Paradex UNI-USD-PERP
Aster UNIUSDT
Pacifica UNI
Binance UNIUSDTShow all 40 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit UNIUSDTlong | +0.0100% | 8h | 8.8020 | long leg | $97.4M | $97.3M | 75x | |
| OKX UNI-USDT-SWAP | +0.0100% | 8h | 8.8030 | +0.011% | $54.4M | $226.5M | 50x | as long as short |
| Arcus UNI-USD | +0.0100% | 1h | 8.8130 | +0.125% | $323K | $515K | 10x | as long as short |
| Gate UNI_USDT | +0.0100% | 8h | 8.8010 | −0.011% | $27.6M | $54.8M | 75x | as long as short |
| MEXC UNI_USDT | +0.0100% | 8h | 8.8030 | +0.011% | $46.0M | $20.5M | 200x | as long as short |
| KuCoin UNIUSDTM | +0.0100% | 8h | 8.8040 | +0.023% | $12.8M | $11.2M | 75x | as long as short |
| Bitget UNIUSDT | +0.0100% | 8h | 8.8010 | −0.011% | $32.8M | $42.1M | 75x | as long as short |
| BingX UNI-USDC | +0.0100% | 8h | 8.8030 | +0.011% | — | $6.5M | — | as long as short |
| Backpack UNI_USDC_PERP | +0.0100% | 1h | 8.8196 | +0.200% | $1.1M | $2.3M | 10x | as long as short |
| Variational Omni UNI | +0.0100% | 8h | 8.8262 | +0.275% | $4.1M | $2.7M | — | as long as short |
| edgeX UNIUSDC | +0.0100% | 4h | 8.8148 | +0.146% | $166K | $345K | 20x | as long as short |
| GRVT UNI_USDT_Perp | +0.0100% | 8h | 8.8156 | +0.155% | $618K | $2.2M | 10x | as long as short |
| ApeX Omni UNIUSDT | +0.0100% | 1h | 8.8200 | +0.204% | $89K | $712K | 50x | as long as short |
| StandX UNI-USD | +0.0100% | 1h | 8.8110 | +0.102% | $93K | $3.5M | 20x | as long as short |
| Polymarket Perps UNI-USD | +0.0100% | 1h | 8.8025 | +0.006% | $105K | $573K | 10x | as long as short |
| Orderly PERP_UNI_USDC | +0.0100% | 8h | 8.8150 | +0.148% | $16K | $2.5M | 10x | as long as short |
| SunX UNI-USDT | +0.0100% | 8h | 8.8051 | +0.035% | $36K | $1.1M | 30x | as long as short |
| SoDEX UNI-USD | +0.0100% | 1h | 8.8106 | +0.098% | $32K | $725K | 10x | as long as short |
| HTX UNI-USDT | +0.0100% | 8h | 8.8240 | +0.250% | $697K | $4.0M | 75x | as long as short |
| Phemex UNIUSDT | +0.0100% | 8h | 8.8130 | +0.125% | $26.6M | $4.5M | 50x | as long as short |
| Extended UNI-USD | +0.0104% | 1h | 8.7991 | −0.034% | $298K | $1.7M | 25x | as long as short |
| Aevo UNI-PERP | +0.0104% | 1h | 8.8111 | +0.104% | $31K | — | 3x | as long as short |
| Kraken Futures PF_UNIUSD | +0.0131% | 1h | 8.8171 | +0.171% | $4.7M | $7.7M | 50x | as long as short |
| Hyperliquid UNI | +0.0164% | 1h | 8.8158 | +0.157% | $94.9M | $60.6M | 10x | as long as short |
| BloFin UNI-USDT | +0.0220% | 8h | 8.8210 | +0.216% | $10.0M | $3.4M | 75x | as long as short |
| Coinbase International UNI-PERP-INTX | +0.0240% | 1h | 8.8200 | +0.204% | $921K | $4.3M | 50x | as long as short |
| GMX UNI/USD [UNI-USDC] | L +0.0381% / S −0.0244% | 1h | 8.8137 | +0.133% | $627K | — | 120x | as long as short |
| Reya UNIRUSDPERP | +0.0386% | 1h | 8.8060 | +0.046% | $16K | — | 20x | as long as short |
| Aftermath Perps UNIUSD | +0.0579% | 1h | 8.8315 | +0.335% | $1K | $49K | 10x | as long as short |
| dYdX UNI-USD | +0.0669% | 1h | 8.8050 | +0.034% | $231K | $32K | 10x | as long as short |
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
Polymarket Perps UNI-USD
Orderly PERP_UNI_USDC
SunX UNI-USDT
SoDEX UNI-USD
HTX UNI-USDT
Phemex UNIUSDT
Extended UNI-USD
Aevo UNI-PERP
Kraken Futures PF_UNIUSD
Hyperliquid UNI
BloFin UNI-USDT
Coinbase International UNI-PERP-INTX
GMX UNI/USD [UNI-USDC]
Reya UNIRUSDPERP
Aftermath Perps UNIUSD
dYdX UNI-USD