Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.009%

Price spread now: Bybit against OKX−0.045%7-day average −0.032% · you buy dearer than you sell

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$290.293% of the position

Long on OKX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.003%$0 on $10k

Price spread, last 7 days+0.013%+$1 · spread now −0.045%, 7d avg −0.032%

Together, before fees+0.016%+$2 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX UNI-USDT-SWAP	8.8720	0.0100	pay 0.0100% / 8h	19m 17s	$54.3M	$261.7M	50x
Short	Bybit UNIUSDT	8.8680	0.0100	get 0.0100% / 8h	19m 17s	$98.2M	$110.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against OKX. 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 OKXbpFee BybitbpOrdersPrice spread, now −0.045%Rate

Funding earned: $0
Price spread: −0.045% → −0.032%: −$1.27
Slippage, 4 orders: −$8.34
Fee OKX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$30.61
Costs to cover: 0.293%
Break-even: never at this rate

Slippage from OKX: live order book, 5 min ago; Bybit: live order book, 5 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 OKX live order book, 5 min ago	0.57 bp	7.6 bp −$8	15.9 bp −$159	80.2 bp −$8,018	doesn't fit
Sell Bybit live order book, 5 min ago	0.57 bp	8.0 bp −$8	14.5 bp −$145	35.8 bp −$3,579	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
Kraken Futures PF_UNIUSD	−0.0306%	1h	8.8777	+0.064%	$4.7M	$8.6M	50x	as long as short
01 Exchange UNIUSD	−0.0016%	1h	8.8709	−0.012%	$443	$5	10x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0005%	1h	8.8737	+0.019%	$73K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−0.473%	$660	$153K	12x	as long as short
Nado UNI-PERP	+0.0038%	1h	8.8600	−0.135%	$726K	$4.7M	10x	as long as short
Polymarket Perps UNI-USD	+0.0072%	1h	8.8691	−0.033%	$105K	$615K	10x	as long as short
Lighter UNI	+0.0096%	1h	8.8838	+0.133%	$4.5M	$5.6M	15x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8581	−0.156%	$25K	—	20x	as long as short
Hyperliquid UNI	+0.0100%	1h	8.8774	+0.061%	$94.5M	$67.6M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.8760	+0.045%	$721K	$3.3M	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	8.8620	−0.113%	$287K	$591K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.8719	−0.001%	$214.9M	$651.6M	75x	as long as short
Bybit UNIUSDTshort	+0.0100%	8h	8.8680	−0.045%	$98.2M	$110.5M	75x
OKX UNI-USDT-SWAPlong	+0.0100%	8h	8.8720	long leg	$54.3M	$261.7M	50x
Arcus UNI-USD	+0.0100%	1h	8.8710	−0.011%	$316K	$690K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.8720	0.000%	$26.1M	$66.5M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.8680	−0.045%	$48.0M	$26.3M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.8690	−0.034%	$13.0M	$13.3M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8730	+0.011%	$32.5M	$45.2M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	8.8700	−0.023%	—	$58.1M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8663	−0.064%	$1.0M	$2.5M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	8.8330	−0.440%	$4.1M	$4.1M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8146	−0.647%	$167K	$346K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8389	−0.373%	$613K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8200	−0.586%	$89K	$709K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8400	−0.361%	$14K	$3.4M	20x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8700	−0.023%	$16K	$2.2M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.8735	+0.017%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.8725	+0.006%	$32K	$886K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.8780	+0.068%	$701K	$4.7M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8710	−0.011%	$26.8M	$4.5M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8702	−0.020%	$285K	$1.7M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8725	+0.006%	$31K	—	3x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0177%	1h	8.8792	+0.081%	$589K	$270K	50x	as long as short
Coinbase International UNI-PERP-INTX	+0.0200%	1h	8.8790	+0.079%	$925K	$5.4M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.8680	−0.045%	$10.1M	$3.6M	75x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0243%	1h	8.8585	−0.153%	$630K	—	120x	as long as short
Reya UNIRUSDPERP	+0.0381%	1h	8.8660	−0.067%	$16K	—	20x	as long as short
Aftermath Perps UNIUSD	+0.0403%	1h	8.8474	−0.277%	$977	$52K	10x	as long as short
dYdX UNI-USD	+0.0559%	1h	8.8594	−0.142%	$233K	$30K	10x	as long as short