Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.027%

Price spread now: Extended against Bybit+0.064%7-day average +0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs−$15as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$280.282% of the position

Long on Bybit Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.133%+$13 on $10k

Price spread, last 7 days−0.009%−$1 · spread now +0.064%, 7d avg +0.020%

Together, before fees+0.124%+ Points / potential airdropExtended: Active · farm board+$12 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.044% dearer against Bybit than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.020%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit UNIUSDT	9.1100	0.0100	pay 0.0100% / 8h	4h 19m	$102.4M	$111.0M	75x
Short	Extended UNI-USD	9.1158	0.0104	get 0.0013% / 1h	19m 57s	$294K	$1.6M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Bybit. 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 BybitbpFee ExtendedbpOrdersPrice spread, now +0.064%Rate

Funding earned: $0.84
Price spread: +0.064% → +0.020%: $4.37
Slippage, 4 orders: −$12.21
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$23
Costs to cover: 0.282%
Break-even: 198.7 days

Slippage from Bybit: live order book, 4 min ago; Extended: 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 Bybit live order book, 4 min ago	0.55 bp	9.0 bp −$9	16.6 bp −$166	41.6 bp −$4,161	doesn't fit
Sell Extended live order book, 3 min ago	1.27 bp	6.2 bp −$6	10.6 bp −$106	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 −0.0004%	1h	9.1146	+0.051%	$37K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−3.074%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0064%	1h	9.1105	+0.005%	$455	$5	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.1105	+0.005%	$972K	$4.4M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.1220	+0.132%	$833K	$3.5M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.1066	−0.038%	$295K	$599K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.1143	+0.047%	$224.2M	$637.1M	75x	as long as short
Bybit UNIUSDTlong	+0.0100%	8h	9.1100	long leg	$102.4M	$111.0M	75x
OKX UNI-USDT-SWAP	+0.0100%	8h	9.1110	+0.011%	$55.6M	$262.7M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.1270	+0.187%	$316K	$651K	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	9.1140	+0.044%	$23.7M	$63.8M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.1170	+0.077%	$48.1M	$25.4M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.1160	+0.066%	$13.7M	$13.2M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.1020	−0.088%	$33.6M	$44.8M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.1160	+0.066%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.1234	+0.147%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.0948	−0.167%	$4.3M	$4.1M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.0652	−0.491%	$171K	$345K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0770	−0.362%	$643K	$2.8M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0730	−0.406%	$93K	$700K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.1040	−0.066%	$15K	$3.4M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.1124	+0.026%	$88K	$427K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.1190	+0.099%	$16K	$1.5M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.1294	+0.213%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.1225	+0.137%	$22K	$791K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.1300	+0.220%	$730K	$4.7M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.1210	+0.121%	$27.6M	$4.4M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.1038	−0.068%	$26K	—	20x	as long as short
Extended UNI-USDshort	+0.0104%	1h	9.1158	+0.064%	$294K	$1.6M	25x
Aevo UNI-PERP	+0.0104%	1h	9.1215	+0.126%	$32K	—	3x	as long as short
dYdX UNI-USD	+0.0137%	1h	9.1022	−0.086%	$240K	$30K	10x	as long as short
Lighter UNI	+0.0176%	1h	9.1356	+0.281%	$4.6M	$5.8M	15x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.1110	+0.011%	$10.3M	$3.6M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0248%	1h	9.1270	+0.187%	$1.1M	$5.7M	50x	as long as short
Kraken Futures PF_UNIUSD	+0.0268%	1h	9.1292	+0.211%	$5.1M	$7.9M	50x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0331%	1h	9.1248	+0.163%	$585K	$193K	50x	as long as short
Hyperliquid UNI	+0.0346%	1h	9.1157	+0.063%	$98.8M	$62.4M	10x	as long as short
Reya UNIRUSDPERP	+0.0373%	1h	9.1086	−0.015%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.1146	+0.050%	$649K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0965%	1h	9.0816	−0.312%	$900	$46K	10x	as long as short