Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0042%/8h= −4.6% APRpaid last 24h +0.018%

Price spread now: Deribit against OKX+0.101%7-day average +0.084% · you sell dearer than you buy

Net, funding: paid 7d − costs−$42as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$420.415% of the position

Long on OKX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.006%−$1 on $10k

Price spread, last 4 days (all we have)+0.244%+$24 · spread now +0.101%, 7d avg +0.084%

Together, before fees+0.238%+$24 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.084%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX UNI-USDT-SWAP	8.9190	0.0100	pay 0.0100% / 8h	3h 20m	$54.2M	$261.3M	50x
Short	Deribit UNI_USDC-PERPETUAL	8.9280	0.0058	get 0.0007% / 1h	20m 45s	$572K	$208K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.101%Rate

Funding earned: −$8.82
Price spread: +0.101% → +0.084%: $1.68
Slippage, 4 orders: −$24.52
Fee OKX: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$48.65
Costs to cover: 0.415%
Break-even: never at this rate

Slippage from OKX: live order book, 3 min ago; Deribit: live order book, 33 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, 3 min ago	0.56 bp	6.8 bp −$7	12.6 bp −$126	81.9 bp −$8,186	doesn't fit
Sell Deribit live order book, 33 min ago	5.69 bp	15.3 bp −$15	24.7 bp −$247	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
01 Exchange UNIUSD	0.0000%	1h	8.9281	+0.102%	$446	$5	10x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0007%	1h	8.9248	+0.065%	$49K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−0.998%	$660	$154K	12x	as long as short
Deribit UNI_USDC-PERPETUALshort	+0.0058%	1h	8.9280	+0.101%	$572K	$208K	50x
Lighter UNI	+0.0096%	1h	8.9319	+0.145%	$4.5M	$5.9M	15x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.9145	−0.051%	$25K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.9255	+0.073%	$943K	$4.5M	10x	as long as short
Hyperliquid UNI	+0.0100%	1h	8.9309	+0.133%	$94.9M	$64.6M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.9280	+0.101%	$781K	$3.6M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.9150	−0.045%	$290K	$608K	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	8.9209	+0.021%	$219.1M	$649.4M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	8.9180	−0.011%	$100.0M	$111.7M	75x	as long as short
OKX UNI-USDT-SWAPlong	+0.0100%	8h	8.9190	long leg	$54.2M	$261.3M	50x
Arcus UNI-USD	+0.0100%	1h	8.9280	+0.101%	$320K	$664K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.9220	+0.034%	$23.7M	$64.6M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.9260	+0.078%	$47.4M	$26.1M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.9250	+0.067%	$13.2M	$13.3M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.9180	−0.011%	$32.9M	$45.8M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.9230	+0.045%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.9236	+0.052%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	8.9179	−0.012%	$4.2M	$4.2M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.9270	+0.089%	$169K	$345K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.9410	+0.247%	$621K	$2.8M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.9340	+0.168%	$91K	$701K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.9330	+0.157%	$15K	$3.4M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.9286	+0.108%	$87K	$438K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.9230	+0.045%	$16K	$1.4M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.9289	+0.111%	$36K	$1.4M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.9205	+0.017%	$31K	$811K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.9358	+0.188%	$700K	$4.9M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.9180	−0.011%	$27.0M	$4.4M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.9216	+0.029%	$289K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.9207	+0.018%	$32K	—	3x	as long as short
Coinbase International UNI-PERP-INTX	+0.0216%	1h	8.9290	+0.112%	$929K	$5.8M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.9170	−0.022%	$10.2M	$3.6M	75x	as long as short
dYdX UNI-USD	+0.0270%	1h	8.9164	−0.029%	$235K	$30K	10x	as long as short
Kraken Futures PF_UNIUSD	+0.0273%	1h	8.9226	+0.040%	$4.9M	$8.2M	50x	as long as short
Reya UNIRUSDPERP	+0.0375%	1h	8.9271	+0.091%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	8.9247	+0.064%	$635K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0773%	1h	8.9428	+0.267%	$960	$45K	10x	as long as short