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Funding arb · Price arb /

UNI

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 00:00 UTC−0.0004%/8h= −0.5% APRnext payment −$0.04 per $10,000 · paid last 24h −0.035%
Price spread now: Bybit against Phemex−0.033%7-day average −0.092% · you buy dearer than you sell
Net, funding: paid 7d − costs−$48as in the Funding arb table
Net, price: spread back to 7d avg − costs−$38as in the Price arb table
costs, in and out, $10k−$430.434% of the position
Long on PhemexShort on Bybit
What this pair did over the last
the charts below follow
Funding, last 7 days−0.049%−$5 on $10k
Price spread, last 3 days (all we have)−0.233%−$23 · spread now −0.033%, 7d avg −0.092%
Together, before fees−0.283%−$28 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: Bybit is 0.058% dearer against Phemex than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.092%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex UNIUSDT9.00700.0100pay 0.0100% / 8h20m 38s$27.2M$4.5M50x
ShortBybit UNIUSDT9.00400.0096get 0.0096% / 8h20m 38s$102.1M$104.9M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against Phemex. 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

Funding earned
−$0.93
Price spread: −0.033% → −0.092%
$5.83
Slippage, 4 orders
−$20.36
Fee Phemex: 6 bp × 2 orders
−$12
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$38.45
Costs to cover
0.434%
Break-even
never at this rate
Slippage from Phemex: live order book, 3 min ago; Bybit: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Phemex live order book, 3 min ago2.23 bp12.6 bp −$1325.7 bp −$257doesn't fitdoesn't fit
Sell Bybit live order book, 3 min ago0.56 bp9.0 bp −$915.7 bp −$15737.4 bp −$3,740doesn't fit

UNI on 40 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective UNI/USDC PERP−0.0049%1h8.8300−1.965%$660$155K12xas long as short
gTrade (Gains Network) UNI/USDL +0.0004% / S −0.0004%1h9.0065−0.006%$62K—150xas long as short
Deribit UNI_USDC-PERPETUAL+0.0010%1h9.0088+0.020%$580K$176K50xas long as short
Variational Omni UNI+0.0063%8h9.0063−0.008%$4.1M$4.4M—as long as short
OKX UNI-USDT-SWAP+0.0093%8h9.0040−0.033%$55.1M$250.0M50xas long as short
Bybit UNIUSDTshort+0.0096%8h9.0040−0.033%$102.1M$104.9M75x
Nado UNI-PERP+0.0100%1h9.0050−0.022%$955K$4.2M10xas long as short
Aster UNIUSDT+0.0100%8h9.0159+0.098%$1.0M$3.3M50xas long as short
Pacifica UNI+0.0100%1h9.0100+0.033%$298K$593K10xas long as short
Binance UNIUSDT+0.0100%8h9.0080+0.011%$222.9M$590.2M75xas long as short
Show all 40 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Arcus UNI-USD+0.0100%1h9.0150+0.089%$266K$632K10xas long as short
Gate UNI_USDT+0.0100%8h9.0060−0.011%$23.0M$58.9M75xas long as short
MEXC UNI_USDT+0.0100%8h9.0080+0.011%$43.9M$24.1M200xas long as short
KuCoin UNIUSDTM+0.0100%8h9.0140+0.078%$13.7M$13.5M75xas long as short
Bitget UNIUSDT+0.0100%8h9.0090+0.022%$32.9M$42.0M75xas long as short
BingX UNI-USDT+0.0100%8h9.0050−0.022%—$52.0M—as long as short
Backpack UNI_USDC_PERP+0.0100%1h9.0131+0.068%$1.0M$2.4M10xas long as short
edgeX UNIUSDC+0.0100%4h8.9766−0.338%$169K$343K20xas long as short
GRVT UNI_USDT_Perp+0.0100%8h8.9890−0.200%$631K$2.5M10xas long as short
ApeX Omni UNIUSDT+0.0100%1h8.9810−0.289%$88K$712K50xas long as short
StandX UNI-USD+0.0100%1h9.0140+0.078%$36K$3.3M20xas long as short
Polymarket Perps UNI-USD+0.0100%1h9.0126+0.062%$85K$363K10xas long as short
Orderly PERP_UNI_USDC+0.0100%8h9.0060−0.011%$16K$1.7M10xas long as short
SunX UNI-USDT+0.0100%8h9.0171+0.112%$37K$1.3M30xas long as short
SoDEX UNI-USD+0.0100%1h9.0049−0.023%$21K$676K10xas long as short
HTX UNI-USDT+0.0100%8h9.0213+0.159%$720K$4.3M75xas long as short
Phemex UNIUSDTlong+0.0100%8h9.0070long leg$27.2M$4.5M50x
Paradex UNI-USD-PERP+0.0100%8h9.0035−0.039%$26K—20xas long as short
Extended UNI-USD+0.0104%1h9.0028−0.047%$303K$1.5M25xas long as short
Aevo UNI-PERP+0.0104%1h9.0064−0.006%$32K$1K3xas long as short
01 Exchange UNIUSD+0.0168%1h9.0117+0.052%$450—10xas long as short
BloFin UNI-USDT+0.0220%8h9.0100+0.033%$10.0M$3.5M75xas long as short
Coinbase International UNI-PERP-INTX+0.0232%1h9.0130+0.067%$1.1M$5.4M50xas long as short
dYdX UNI-USD+0.0236%1h9.0076+0.006%$249K$6K10xas long as short
Reya UNIRUSDPERP+0.0364%1h9.00700.000%$16K—20xas long as short
GMX UNI/USD [UNI-USDC]L +0.0382% / S −0.0323%1h9.0073+0.003%$570K—120xas long as short
Hyperliquid UNI+0.0502%1h9.0261+0.212%$99.1M$59.1M10xas long as short
Kraken Futures PF_UNIUSD+0.0562%1h9.0106+0.040%$5.0M$7.0M50xas long as short
Aftermath Perps UNIUSD+0.0815%1h9.0058−0.013%$1K$49K10xas long as short
Lighter UNI+0.0888%1h9.0318+0.275%$4.6M$5.3M15xas long as short