Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0220%/8h= +24.1% APRpaid last 24h +0.032%

Price spread now: BloFin against 01 Exchange−0.215%7-day average — · you buy dearer than you sell

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

Long on 01 Exchange Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 4 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. BloFin is 0.215% cheaper against 01 Exchange than usual: you would sell low and buy high (spread −0.215% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$21 on $10k: about 3.3 days of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange UNIUSD	8.9362	0	get 0.0000% / 1h	20m 31s	$446	$5	10x
Short	BloFin UNI-USDT	8.9170	0.0220	get 0.0220% / 8h	3h 20m	$10.2M	$3.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against 01 Exchange. 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 01 ExchangebpFee BloFinbpOrdersPrice spread, now −0.215%Rate

Funding earned: $46.2
Price spread: −0.215% → 0.000%: −$21.49
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee BloFin: 6 bp × 2 orders: −$12
Net: $5.71
Costs to cover: 0.190%
Break-even: 6.1 days

Slippage unknown: 01 Exchange: no order-book sample; BloFin: 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 01 Exchange no order-book sample	—	—	—	—	—
Sell BloFin live order book, 3 min ago	0.56 bp	11.8 bp −$12	16.4 bp −$164	33.9 bp −$3,393	92.5 bp −$46.3K

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
01 Exchange UNIUSDlong	0.0000%	1h	8.9362	long leg	$446	$5	10x
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0007%	1h	8.9377	+0.016%	$49K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−1.188%	$660	$154K	12x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0058%	1h	8.9280	−0.092%	$572K	$208K	50x	as long as short
Lighter UNI	+0.0096%	1h	8.9319	−0.048%	$4.5M	$5.9M	15x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.9339	−0.025%	$26K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.9305	−0.064%	$940K	$4.5M	10x	as long as short
Hyperliquid UNI	+0.0100%	1h	8.9457	+0.106%	$95.1M	$64.6M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.9378	+0.018%	$781K	$3.6M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.9278	−0.094%	$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	8.9352	−0.012%	$219.4M	$648.1M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	8.9330	−0.036%	$100.2M	$111.6M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	8.9340	−0.025%	$54.2M	$261.5M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.9430	+0.076%	$320K	$664K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.9360	−0.002%	$23.8M	$64.6M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.9360	−0.002%	$47.4M	$26.1M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.9370	+0.009%	$13.2M	$13.3M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.9340	−0.025%	$32.9M	$45.8M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.9350	−0.013%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.9236	−0.141%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	8.9179	−0.204%	$4.2M	$4.2M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.9270	−0.103%	$169K	$345K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.9410	+0.054%	$621K	$2.8M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.9340	−0.025%	$91K	$701K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.9330	−0.036%	$15K	$3.4M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.9365	+0.003%	$87K	$438K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.9230	−0.148%	$16K	$1.4M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.9289	−0.082%	$36K	$1.4M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.9205	−0.176%	$31K	$811K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.9358	−0.004%	$700K	$4.9M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.9180	−0.204%	$27.0M	$4.4M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.9316	−0.052%	$289K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.9207	−0.174%	$32K	—	3x	as long as short
Coinbase International UNI-PERP-INTX	+0.0216%	1h	8.9290	−0.081%	$929K	$5.8M	50x	as long as short
BloFin UNI-USDTshort	+0.0220%	8h	8.9170	−0.215%	$10.2M	$3.6M	75x
dYdX UNI-USD	+0.0263%	1h	8.9242	−0.134%	$235K	$30K	10x	as long as short
Kraken Futures PF_UNIUSD	+0.0273%	1h	8.9226	−0.152%	$4.9M	$8.2M	50x	as long as short
Reya UNIRUSDPERP	+0.0375%	1h	8.9330	−0.036%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	8.9375	+0.015%	$636K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0766%	1h	8.9428	+0.074%	$960	$45K	10x	as long as short