Funding you earn now, next payment 08:00 UTC−0.0281%/8h= −30.8% APRpaid last 24h −0.077%
Price spread now: Phemex against Reya−0.168%46s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Phemex is 0.168% cheaper against Reya than usual: you would sell low and buy high (−$17 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya UNIRUSDPERP | 8.9130 | 0.0381 | pay 0.0048% / 1h | 10m 33s | $16K | — | 20x |
| Short | Phemex UNIUSDT | 8.8980 | 0.0100 | get 0.0100% / 8h | 10m 33s | $26.9M | $4.4M | 50x |
Reya UNIRUSDPERP
Phemex UNIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Reya. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$59.06
- Price spread: −0.168% → 0.000%
- −$16.85
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$93.91
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Reya: no order-book sample; Phemex: live order book, 3 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 Phemex live order book, 3 min ago | 10.14 bp | 17.4 bp −$17 | 31.7 bp −$317 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_UNIUSD | −0.0305% | 1h | 8.9026 | −0.117% | $4.7M | $8.6M | 50x | as long as short |
| 01 Exchange UNIUSD | 0.0000% | 1h | 8.9108 | −0.025% | $445 | $5 | 10x | as long as short |
| gTrade (Gains Network) UNI/USD | L +0.0004% / S −0.0005% | 1h | 8.8931 | −0.223% | $76K | — | 150x | as long as short |
| Injective UNI/USDC PERP | +0.0033% | 1h | 8.8300 | −0.931% | $660 | $153K | 12x | as long as short |
| Nado UNI-PERP | +0.0043% | 1h | 8.9053 | −0.087% | $729K | $4.7M | 10x | as long as short |
| Lighter UNI | +0.0096% | 1h | 8.9145 | +0.017% | $4.5M | $5.6M | 15x | as long as short |
| Paradex UNI-USD-PERP | +0.0100% | 8h | 8.9005 | −0.140% | $25K | — | 20x | as long as short |
| Hyperliquid UNI | +0.0100% | 1h | 8.9084 | −0.052% | $94.9M | $67.7M | 10x | as long as short |
| Aster UNIUSDT | +0.0100% | 8h | 8.9107 | −0.025% | $724K | $3.2M | 50x | as long as short |
| Pacifica UNI | +0.0100% | 1h | 8.9080 | −0.056% | $288K | $591K | 10x | as long as short |
Kraken Futures PF_UNIUSD
01 Exchange UNIUSD
gTrade (Gains Network) UNI/USD
Injective UNI/USDC PERP
Nado UNI-PERP
Lighter UNI
Paradex UNI-USD-PERP
Hyperliquid UNI
Aster UNIUSDT
Pacifica UNIShow all 40 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance UNIUSDT | +0.0100% | 8h | 8.9072 | −0.066% | $216.6M | $652.0M | 75x | as long as short |
| Bybit UNIUSDT | +0.0100% | 8h | 8.9100 | −0.034% | $98.7M | $110.4M | 75x | as long as short |
| OKX UNI-USDT-SWAP | +0.0100% | 8h | 8.9120 | −0.011% | $54.5M | $262.1M | 50x | as long as short |
| Arcus UNI-USD | +0.0100% | 1h | 8.9130 | 0.000% | $321K | $693K | 10x | as long as short |
| Gate UNI_USDT | +0.0100% | 8h | 8.9050 | −0.090% | $26.1M | $66.7M | 75x | as long as short |
| MEXC UNI_USDT | +0.0100% | 8h | 8.9040 | −0.101% | $48.1M | $26.3M | 200x | as long as short |
| KuCoin UNIUSDTM | +0.0100% | 8h | 8.9030 | −0.112% | $13.0M | $13.3M | 75x | as long as short |
| Bitget UNIUSDT | +0.0100% | 8h | 8.9150 | +0.022% | $32.6M | $45.2M | 75x | as long as short |
| BingX UNI-USDT | +0.0100% | 8h | 8.9050 | −0.090% | — | $57.8M | — | as long as short |
| Backpack UNI_USDC_PERP | +0.0100% | 1h | 8.9074 | −0.063% | $1.1M | $2.5M | 10x | as long as short |
| Variational Omni UNI | +0.0100% | 8h | 8.8904 | −0.254% | $4.1M | $4.1M | — | as long as short |
| edgeX UNIUSDC | +0.0100% | 4h | 8.8783 | −0.390% | $168K | $348K | 20x | as long as short |
| GRVT UNI_USDT_Perp | +0.0100% | 8h | 8.8913 | −0.243% | $617K | $2.6M | 10x | as long as short |
| ApeX Omni UNIUSDT | +0.0100% | 1h | 8.8890 | −0.269% | $89K | $710K | 50x | as long as short |
| StandX UNI-USD | +0.0100% | 1h | 8.9000 | −0.146% | $14K | $3.5M | 20x | as long as short |
| Polymarket Perps UNI-USD | +0.0100% | 1h | 8.9134 | +0.004% | $104K | $616K | 10x | as long as short |
| Orderly PERP_UNI_USDC | +0.0100% | 8h | 8.8960 | −0.191% | $17K | $2.2M | 10x | as long as short |
| SunX UNI-USDT | +0.0100% | 8h | 8.9069 | −0.069% | $36K | $1.3M | 30x | as long as short |
| SoDEX UNI-USD | +0.0100% | 1h | 8.8948 | −0.204% | $32K | $886K | 10x | as long as short |
| HTX UNI-USDT | +0.0100% | 8h | 8.9058 | −0.081% | $703K | $4.7M | 75x | as long as short |
| Phemex UNIUSDTshort | +0.0100% | 8h | 8.8980 | −0.168% | $26.9M | $4.4M | 50x | |
| Extended UNI-USD | +0.0104% | 1h | 8.9024 | −0.120% | $293K | $1.8M | 25x | as long as short |
| Aevo UNI-PERP | +0.0104% | 1h | 8.8965 | −0.185% | $32K | — | 3x | as long as short |
| Deribit UNI_USDC-PERPETUAL | +0.0138% | 1h | 8.9001 | −0.145% | $590K | $270K | 50x | as long as short |
| Coinbase International UNI-PERP-INTX | +0.0200% | 1h | 8.9100 | −0.034% | $927K | $5.5M | 50x | as long as short |
| BloFin UNI-USDT | +0.0220% | 8h | 8.8940 | −0.213% | $10.0M | $3.6M | 75x | as long as short |
| Aftermath Perps UNIUSD | +0.0375% | 1h | 8.8831 | −0.335% | $1K | $52K | 10x | as long as short |
| GMX UNI/USD [UNI-USDC] | L +0.0381% / S −0.0243% | 1h | 8.9007 | −0.138% | $632K | — | 120x | as long as short |
| Reya UNIRUSDPERPlong | +0.0381% | 1h | 8.9130 | long leg | $16K | — | 20x | |
| dYdX UNI-USD | +0.0571% | 1h | 8.9078 | −0.059% | $235K | $30K | 10x | as long as short |
Binance UNIUSDT
Bybit UNIUSDT
OKX UNI-USDT-SWAP
Arcus UNI-USD
Gate UNI_USDT
MEXC UNI_USDT
KuCoin UNIUSDTM
Bitget UNIUSDT
BingX UNI-USDT
Backpack UNI_USDC_PERP
Variational Omni UNI
edgeX UNIUSDC
GRVT UNI_USDT_Perp
ApeX Omni UNIUSDT
StandX UNI-USD
Polymarket Perps UNI-USD
Orderly PERP_UNI_USDC
SunX UNI-USDT
SoDEX UNI-USD
HTX UNI-USDT
Extended UNI-USD
Aevo UNI-PERP
Deribit UNI_USDC-PERPETUAL
Coinbase International UNI-PERP-INTX
BloFin UNI-USDT
Aftermath Perps UNIUSD
GMX UNI/USD [UNI-USDC]
dYdX UNI-USD