Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.004%

Price spread now: Binance against Extended+0.109%7-day average +0.041% · you sell dearer than you buy

Net, funding: paid 7d − costs−$35as in the Funding arb table

Net, price: spread back to 7d avg − costs−$17as in the Price arb table

costs, in and out, $10k−$240.243% of the position

Long on Extended Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.102%−$10 on $10k

Price spread, last 7 days−0.114%−$11 · spread now +0.109%, 7d avg +0.041%

Together, before fees−0.216%+ Points / potential airdropExtended: Active · farm board−$22 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: Binance is 0.068% dearer against Extended than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.041%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended UNI-USD	8.8654	0.0104	pay 0.0013% / 1h	33m 22s	$286K	$1.7M	25x
Short	Binance UNIUSDT	8.8750	0.0100	get 0.0100% / 8h	2h 33m	$215.6M	$659.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Extended. 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 ExtendedbpFee BinancebpOrdersPrice spread, now +0.109%Rate

Funding earned: −$0.84
Price spread: +0.109% → +0.041%: $6.82
Slippage, 4 orders: −$9.3
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Binance: 5 bp × 2 orders: −$10
Net: −$18.32
Costs to cover: 0.243%
Break-even: never at this rate

Slippage from Extended: live order book, 5 min ago; Binance: live order book, 10 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 Extended live order book, 5 min ago	0.06 bp	3.4 bp −$3	8.3 bp −$83	doesn't fit	doesn't fit
Sell Binance live order book, 10 min ago	0.56 bp	7.9 bp −$8	14.6 bp −$146	38.8 bp −$3,884	144.0 bp −$72.0K

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
Nado UNI-PERP	−0.0121%	1h	8.8675	+0.024%	$826K	$4.7M	10x	as long as short
01 Exchange UNIUSD	−0.0056%	1h	8.8707	+0.060%	$443	$5	10x	as long as short
Kraken Futures PF_UNIUSD	−0.0017%	1h	8.8762	+0.122%	$4.8M	$8.5M	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0007%	1h	8.8718	+0.072%	$48K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−0.399%	$660	$153K	12x	as long as short
Polymarket Perps UNI-USD	+0.0080%	1h	8.8671	+0.020%	$96K	$514K	10x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0091%	1h	8.8766	+0.127%	$568K	$203K	50x	as long as short
Lighter UNI	+0.0096%	1h	8.8839	+0.209%	$4.5M	$5.5M	15x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8614	−0.045%	$25K	—	20x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.8731	+0.087%	$752K	$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	8.8660	+0.007%	$284K	$612K	10x	as long as short
Binance UNIUSDTshort	+0.0100%	8h	8.8750	+0.109%	$215.6M	$659.5M	75x
Bybit UNIUSDT	+0.0100%	8h	8.8660	+0.007%	$99.0M	$112.4M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	8.8650	−0.004%	$53.9M	$263.6M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.8830	+0.199%	$317K	$700K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.8690	+0.041%	$24.0M	$65.4M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.8700	+0.052%	$46.5M	$26.4M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.8720	+0.075%	$13.0M	$13.5M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8680	+0.030%	$32.6M	$46.6M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	8.8690	+0.041%	—	$57.1M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8721	+0.076%	$1.0M	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	8.8991	+0.381%	$4.1M	$4.2M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.9193	+0.609%	$169K	$346K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8997	+0.388%	$621K	$2.7M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.9240	+0.661%	$91K	$706K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8870	+0.244%	$15K	$3.4M	20x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8700	+0.052%	$16K	$1.6M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.8708	+0.061%	$36K	$1.4M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.8716	+0.070%	$32K	$857K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.8817	+0.184%	$708K	$5.0M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8720	+0.075%	$26.9M	$4.3M	50x	as long as short
Extended UNI-USDlong	+0.0104%	1h	8.8654	long leg	$286K	$1.7M	25x
Aevo UNI-PERP	+0.0104%	1h	8.8686	+0.036%	$31K	—	3x	as long as short
Hyperliquid UNI	+0.0138%	1h	8.8821	+0.189%	$94.5M	$66.4M	10x	as long as short
dYdX UNI-USD	+0.0160%	1h	8.8676	+0.025%	$233K	$31K	10x	as long as short
Coinbase International UNI-PERP-INTX	+0.0184%	1h	8.8800	+0.165%	$928K	$5.8M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.8730	+0.086%	$10.0M	$3.6M	75x	as long as short
Reya UNIRUSDPERP	+0.0376%	1h	8.8668	+0.017%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	8.8733	+0.089%	$631K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0632%	1h	8.8817	+0.185%	$915	$45K	10x	as long as short