Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0279%/8h= +30.5% APRpaid last 24h +0.102%

Price spread now: Reya against Bybit+0.087%96s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Bybit Short on Reya

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Reya is 0.087% dearer against Bybit than usual: you sell high and buy low: +$9 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 96 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	8.9300	0.0100	pay 0.0100% / 8h	1h 24m	$99.2M	$111.7M	75x
Short	Reya UNIRUSDPERP	8.9378	0.0379	get 0.0047% / 1h	24m 49s	$16K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now +0.087%Rate

Funding earned: $58.51
Price spread: +0.087% → 0.000%: $8.7
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Reya: 3 bp × 2 orders: −$6
Net: $50.21
Costs to cover: 0.170%
Break-even: 1.0 days

Slippage unknown: Bybit: live order book, 4 min ago; Reya: no order-book sample. Net counts fees only.

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	0.56 bp	8.3 bp −$8	19.3 bp −$193	46.2 bp −$4,617	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0150%	1h	8.9388	+0.099%	$107K	$618K	10x	as long as short
01 Exchange UNIUSD	−0.0024%	1h	8.9395	+0.106%	$446	$5	10x	as long as short
Kraken Futures PF_UNIUSD	−0.0017%	1h	8.9400	+0.112%	$4.7M	$8.7M	50x	as long as short
Deribit UNI_USDC-PERPETUAL	0.0000%	1h	8.9406	+0.119%	$589K	$250K	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0007%	1h	8.9419	+0.134%	$49K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−1.120%	$660	$153K	12x	as long as short
Nado UNI-PERP	+0.0077%	1h	8.9425	+0.140%	$741K	$4.7M	10x	as long as short
Lighter UNI	+0.0096%	1h	8.9416	+0.130%	$4.5M	$5.7M	15x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.9396	+0.108%	$26K	—	20x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.9337	+0.042%	$732K	$3.6M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica UNI	+0.0100%	1h	8.9450	+0.168%	$286K	$590K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.9300	0.000%	$215.6M	$658.8M	75x	as long as short
Bybit UNIUSDTlong	+0.0100%	8h	8.9300	long leg	$99.2M	$111.7M	75x
OKX UNI-USDT-SWAP	+0.0100%	8h	8.9310	+0.011%	$54.2M	$266.6M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.9490	+0.213%	$319K	$696K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.9330	+0.034%	$25.1M	$66.6M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.9330	+0.034%	$49.1M	$26.6M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.9310	+0.011%	$13.1M	$13.4M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.9290	−0.011%	$32.7M	$45.4M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.9290	−0.011%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.9358	+0.065%	$1.1M	$2.5M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	8.9369	+0.078%	$4.1M	$4.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.9114	−0.209%	$169K	$345K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.9127	−0.193%	$624K	$2.7M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.9190	−0.123%	$90K	$710K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.9240	−0.067%	$15K	$3.5M	20x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.9320	+0.022%	$16K	$1.9M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.9472	+0.193%	$36K	$1.4M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.9345	+0.050%	$32K	$886K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.9456	+0.175%	$700K	$4.8M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.9340	+0.045%	$27.0M	$4.5M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.9259	−0.046%	$293K	$1.7M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.9370	+0.078%	$32K	—	3x	as long as short
Coinbase International UNI-PERP-INTX	+0.0192%	1h	8.9520	+0.246%	$932K	$5.5M	50x	as long as short
Hyperliquid UNI	+0.0195%	1h	8.9423	+0.138%	$95.0M	$67.5M	10x	as long as short
dYdX UNI-USD	+0.0219%	1h	8.9355	+0.061%	$235K	$31K	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.9330	+0.034%	$10.0M	$3.6M	75x	as long as short
Reya UNIRUSDPERPshort	+0.0379%	1h	8.9378	+0.087%	$16K	—	20x
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0243%	1h	8.9186	−0.127%	$634K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0465%	1h	8.9294	−0.007%	$983	$53K	10x	as long as short