Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0132%/8h= +14.5% APRpaid last 24h +0.005%

Price spread now: 01 Exchange against Phemex−0.028%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Phemex Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. 01 Exchange is 0.028% cheaper against Phemex than usual: you would sell low and buy high (spread −0.028% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 17 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex UNIUSDT	9.0470	0.0100	pay 0.0100% / 8h	43m 50s	$27.3M	$4.5M	50x
Short	01 Exchange UNIUSD	9.0445	0.0232	get 0.0029% / 1h	43m 50s	$451	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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

Position, each leg$Hold fordaysFee PhemexbpFee 01 ExchangebpOrdersPrice spread, now −0.028%Rate

Funding earned: $27.72
Price spread: −0.028% → 0.000%: −$2.76
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: $5.96
Costs to cover: 0.190%
Break-even: 5.5 days

Slippage unknown: Phemex: live order book, 5 min ago; 01 Exchange: no order-book sample. Net counts fees only.

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 Phemex live order book, 5 min ago	10.39 bp	24.4 bp −$24	60.3 bp −$603	doesn't fit	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Injective UNI/USDC PERP	−0.0049%	1h	8.8300	−2.399%	$660	$155K	12x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	9.0364	−0.117%	$63K	—	150x	as long as short
Variational Omni UNI	+0.0015%	8h	9.0614	+0.159%	$4.1M	$4.4M	—	as long as short
Bybit UNIUSDT	+0.0059%	8h	9.0400	−0.077%	$103.2M	$104.4M	75x	as long as short
dYdX UNI-USD	+0.0077%	1h	9.0470	0.000%	$251K	$6K	10x	as long as short
OKX UNI-USDT-SWAP	+0.0086%	8h	9.0390	−0.088%	$55.5M	$250.1M	50x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.0405	−0.072%	$957K	$4.2M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.0533	+0.069%	$1.0M	$3.3M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.0436	−0.038%	$300K	$586K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.0430	−0.044%	$223.8M	$588.8M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus UNI-USD	+0.0100%	1h	9.0450	−0.022%	$279K	$620K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.0430	−0.044%	$23.2M	$58.3M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0510	+0.044%	$43.6M	$23.9M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0510	+0.044%	$13.7M	$13.5M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0460	−0.011%	$32.9M	$41.9M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	9.0410	−0.066%	—	$51.9M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.1605	+1.255%	$172K	$344K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.1401	+1.029%	$646K	$2.5M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0750	+0.309%	$89K	$713K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0500	+0.033%	$36K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.0427	−0.048%	$88K	$356K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.0370	−0.111%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.0409	−0.067%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.0395	−0.083%	$25K	$669K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.0645	+0.193%	$738K	$4.3M	75x	as long as short
Phemex UNIUSDTlong	+0.0100%	8h	9.0470	long leg	$27.3M	$4.5M	50x
Paradex UNI-USD-PERP	+0.0100%	8h	9.0311	−0.176%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0445	−0.028%	$313K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0401	−0.076%	$32K	$1K	3x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0129%	1h	9.0431	−0.043%	$582K	$175K	50x	as long as short
Backpack UNI_USDC_PERP	+0.0172%	1h	9.0556	+0.095%	$1.0M	$2.4M	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.0470	0.000%	$10.0M	$3.5M	75x	as long as short
01 Exchange UNIUSDshort	+0.0232%	1h	9.0445	−0.028%	$451	—	10x
Coinbase International UNI-PERP-INTX	+0.0232%	1h	9.0510	+0.044%	$1.1M	$5.4M	50x	as long as short
Reya UNIRUSDPERP	+0.0363%	1h	9.0365	−0.116%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0380% / S −0.0320%	1h	9.0345	−0.138%	$568K	—	120x	as long as short
Kraken Futures PF_UNIUSD	+0.0559%	1h	9.0490	+0.022%	$5.0M	$7.0M	50x	as long as short
Hyperliquid UNI	+0.0779%	1h	9.0618	+0.164%	$99.8M	$59.1M	10x	as long as short
Aftermath Perps UNIUSD	+0.0788%	1h	9.0670	+0.221%	$1K	$49K	10x	as long as short
Lighter UNI	+0.1040%	1h	9.0617	+0.162%	$4.6M	$5.2M	15x	as long as short