Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Bitget against edgeX+0.097%54s7-day average −0.041% · you sell dearer than you buy

Net, funding: paid 7d − costs−$41as 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−$340.336% of the position

Long on edgeX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.077%−$8 on $10k

Price spread, last 3 days (all we have)−0.224%−$22 · spread now +0.097%, 7d avg −0.041%

Together, before fees−0.300%+ Points / potential airdropedgeX: Active · farm board−$30 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: Bitget is 0.138% dearer against edgeX than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of −0.041%. The two prices were read 54 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	edgeX UNIUSDC	8.8335	0.0100	pay 0.0050% / 4h	1h 26m	$166K	$342K	20x
Short	Bitget UNIUSDT	8.8420	0.0100	get 0.0100% / 8h	1h 26m	$32.0M	$41.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against edgeX. 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 edgeXbpFee BitgetbpOrdersPrice spread, now +0.097%Rate

Funding earned: $0
Price spread: +0.097% → −0.041%: $13.76
Slippage, 4 orders: −$12.61
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$19.84
Costs to cover: 0.336%
Break-even: never at this rate

Slippage from edgeX: live order book, 57 min ago; Bitget: live order book, 2 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 edgeX live order book, 57 min ago	2.24 bp	7.0 bp −$7	16.4 bp −$164	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	1.70 bp	8.8 bp −$9	18.6 bp −$186	37.1 bp −$3,710	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
Variational Omni UNI	−0.0066%	8h	8.8274	−0.069%	$3.9M	$4.5M	—	as long as short
Bybit UNIUSDT	−0.0005%	8h	8.8430	+0.108%	$100.8M	$104.4M	75x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	8.8296	−0.044%	$61K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−0.039%	$660	$155K	12x	as long as short
OKX UNI-USDT-SWAP	+0.0043%	8h	8.8410	+0.085%	$54.8M	$243.7M	50x	as long as short
01 Exchange UNIUSD	+0.0056%	1h	8.8482	+0.167%	$442	—	10x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8410	+0.085%	$25K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.8255	−0.090%	$940K	$4.0M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.8554	+0.248%	$1.0M	$3.3M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.8514	+0.203%	$297K	$570K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance UNIUSDT	+0.0100%	8h	8.8448	+0.129%	$217.1M	$588.0M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.8520	+0.210%	$282K	$615K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.8460	+0.142%	$23.0M	$58.6M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.8440	+0.119%	$42.8M	$24.5M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.8460	+0.142%	$13.5M	$13.8M	75x	as long as short
Bitget UNIUSDTshort	+0.0100%	8h	8.8420	+0.097%	$32.0M	$41.4M	75x
BingX UNI-USDT	+0.0100%	8h	8.8420	+0.097%	—	$51.7M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8455	+0.136%	$982K	$2.3M	10x	as long as short
edgeX UNIUSDClong	+0.0100%	4h	8.8335	long leg	$166K	$342K	20x
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8402	+0.076%	$613K	$2.5M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8370	+0.040%	$87K	$712K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8340	+0.006%	$105K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.8268	−0.076%	$86K	$353K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8350	+0.017%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.8320	−0.017%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.8335	0.000%	$25K	$666K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.8365	+0.034%	$725K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8340	+0.006%	$26.6M	$4.4M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8405	+0.079%	$300K	$1.4M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8400	+0.074%	$31K	$1K	3x	as long as short
dYdX UNI-USD	+0.0160%	1h	8.8503	+0.190%	$245K	$6K	10x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0167%	1h	8.8433	+0.112%	$562K	$157K	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.8350	+0.017%	$9.8M	$3.3M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0224%	1h	8.8380	+0.051%	$1.0M	$5.3M	50x	as long as short
Hyperliquid UNI	+0.0310%	1h	8.8620	+0.323%	$97.1M	$59.3M	10x	as long as short
Kraken Futures PF_UNIUSD	+0.0342%	1h	8.8420	+0.097%	$4.9M	$7.0M	50x	as long as short
Reya UNIRUSDPERP	+0.0362%	1h	8.8238	−0.110%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0379% / S −0.0319%	1h	8.8294	−0.046%	$553K	—	120x	as long as short
Lighter UNI	+0.0624%	1h	8.8629	+0.333%	$4.5M	$5.2M	15x	as long as short
Aftermath Perps UNIUSD	+0.0635%	1h	8.8329	−0.006%	$1K	$49K	10x	as long as short