Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0266%/8h= −29.1% APRpaid last 24h −0.072%

Price spread now: Bitget against Reya+0.051%7-day average — · you sell dearer than you buy

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

Long on Reya Short on Bitget

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—+ Points / potential airdropReya: Active · farm boardneeds both histories

The price spread pays, funding is against you. Bitget is 0.051% dearer against Reya than usual: you sell high and buy low (spread +0.051% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 15 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya UNIRUSDPERP	9.2323	0.0366	pay 0.0046% / 1h	30m 00s	$17K	—	20x
Short	Bitget UNIUSDT	9.2370	0.0100	get 0.0100% / 8h	7h 30m	$33.9M	$42.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Reya. 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 ReyabpFee BitgetbpOrdersPrice spread, now +0.051%Rate

Funding earned: −$55.86
Price spread: +0.051% → 0.000%: $5.1
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$68.76
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; Bitget: live order book, 4 min ago. 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 Reya no order-book sample	—	—	—	—	—
Sell Bitget live order book, 4 min ago	1.10 bp	10.2 bp −$10	18.0 bp −$180	42.7 bp −$4,265	doesn't fit

Reya: 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
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0006%	1h	9.2327	+0.005%	$50K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−4.357%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0072%	1h	9.2341	+0.020%	$461	—	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.2275	−0.052%	$971K	$4.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.2446	+0.133%	$1.1M	$3.1M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.2268	−0.059%	$310K	$583K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.2367	+0.048%	$231.9M	$595.2M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.2320	−0.003%	$104.2M	$106.8M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.2330	+0.008%	$56.8M	$258.2M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.2370	+0.051%	$275K	$616K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate UNI_USDT	+0.0100%	8h	9.2330	+0.008%	$23.4M	$59.0M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.2290	−0.036%	$45.2M	$23.9M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.2300	−0.025%	$13.9M	$13.5M	75x	as long as short
Bitget UNIUSDTshort	+0.0100%	8h	9.2370	+0.051%	$33.9M	$42.2M	75x
BingX UNI-USDC	+0.0100%	8h	9.2360	+0.040%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.2371	+0.052%	$1.1M	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.2011	−0.338%	$4.2M	$4.4M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.1283	−1.126%	$172K	$344K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.1100	−1.325%	$644K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.1340	−1.065%	$89K	$708K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.1560	−0.826%	$36K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.2356	+0.036%	$87K	$375K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.2330	+0.008%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.2399	+0.082%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.2297	−0.028%	$22K	$714K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.2405	+0.089%	$733K	$4.4M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.2300	−0.025%	$27.8M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.2270	−0.058%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.2278	−0.049%	$306K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.2289	−0.037%	$33K	—	3x	as long as short
dYdX UNI-USD	+0.0125%	1h	9.2252	−0.077%	$254K	$8K	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.2130	−0.209%	$10.3M	$3.6M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0272%	1h	9.2410	+0.094%	$1.1M	$4.9M	50x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0318%	1h	9.2345	+0.023%	$595K	$178K	50x	as long as short
Reya UNIRUSDPERPlong	+0.0366%	1h	9.2323	long leg	$17K	—	20x
Kraken Futures PF_UNIUSD	+0.0380%	1h	9.2375	+0.057%	$5.2M	$7.0M	50x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0382% / S −0.0323%	1h	9.2325	+0.002%	$585K	—	120x	as long as short
Hyperliquid UNI	+0.0525%	1h	9.2475	+0.165%	$101.8M	$60.3M	10x	as long as short
Aftermath Perps UNIUSD	+0.0932%	1h	9.1767	−0.602%	$952	$49K	10x	as long as short
Lighter UNI	+0.0944%	1h	9.2474	+0.164%	$4.7M	$5.3M	15x	as long as short