Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.027%

Price spread now: Bybit against Aevo−0.117%7-day average — · you buy dearer than you sell

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

Long on Aevo Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 5 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 between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.117% cheaper against Aevo than usual: you would sell low and buy high, −$12 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo UNI-PERP	9.1377	0.0104	pay 0.0013% / 1h	43m 42s	$32K	—	3x
Short	Bybit UNIUSDT	9.1270	0.0100	get 0.0100% / 8h	4h 43m	$102.3M	$110.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Aevo. 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 AevobpFee BybitbpOrdersPrice spread, now −0.117%Rate

Funding earned: −$0.84
Price spread: −0.117% → 0.000%: −$11.7
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$39.54
Costs to cover: 0.270%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; Bybit: live order book, 5 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 Aevo no order-book sample	—	—	—	—	—
Sell Bybit live order book, 5 min ago	0.55 bp	12.6 bp −$13	20.7 bp −$207	44.3 bp −$4,426	doesn't fit

Aevo: 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 −0.0004%	1h	9.1436	+0.065%	$37K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−3.367%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0056%	1h	9.1182	−0.213%	$455	$5	10x	as long as short
dYdX UNI-USD	+0.0091%	1h	9.1344	−0.037%	$240K	$30K	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.1350	−0.029%	$926K	$4.4M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.1477	+0.109%	$1.0M	$3.0M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.1322	−0.060%	$296K	$590K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.1313	−0.070%	$225.2M	$630.8M	75x	as long as short
Bybit UNIUSDTshort	+0.0100%	8h	9.1270	−0.117%	$102.3M	$110.7M	75x
OKX UNI-USDT-SWAP	+0.0100%	8h	9.1270	−0.117%	$55.9M	$259.9M	50x	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	9.0620	−0.828%	$287K	$630K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.1260	−0.128%	$23.7M	$62.8M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.1300	−0.084%	$48.6M	$25.3M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.1380	+0.003%	$13.6M	$13.1M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.1180	−0.216%	$33.6M	$44.3M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.1200	−0.194%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.1456	+0.087%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.0968	−0.447%	$4.3M	$4.2M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.0727	−0.711%	$171K	$346K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0473	−0.989%	$627K	$2.7M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0730	−0.708%	$88K	$694K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.1050	−0.358%	$36K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.1298	−0.086%	$88K	$421K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.1390	+0.014%	$16K	$1.6M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.1248	−0.141%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.1370	−0.008%	$22K	$783K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.1480	+0.113%	$719K	$4.5M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.1380	+0.003%	$27.6M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.1264	−0.123%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.1199	−0.195%	$299K	$1.6M	25x	as long as short
Aevo UNI-PERPlong	+0.0104%	1h	9.1377	long leg	$32K	—	3x
BloFin UNI-USDT	+0.0220%	8h	9.0940	−0.478%	$10.4M	$3.6M	75x	as long as short
Lighter UNI	+0.0232%	1h	9.1419	+0.046%	$4.6M	$5.8M	15x	as long as short
Coinbase International UNI-PERP-INTX	+0.0248%	1h	9.1460	+0.091%	$1.1M	$5.5M	50x	as long as short
Kraken Futures PF_UNIUSD	+0.0268%	1h	9.1415	+0.042%	$5.0M	$7.9M	50x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0318%	1h	9.1445	+0.075%	$586K	$193K	50x	as long as short
Reya UNIRUSDPERP	+0.0372%	1h	9.1400	+0.025%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.1435	+0.064%	$649K	—	120x	as long as short
Hyperliquid UNI	+0.0471%	1h	9.1497	+0.131%	$99.4M	$61.8M	10x	as long as short
Aftermath Perps UNIUSD	+0.1027%	1h	9.1024	−0.386%	$874	$46K	10x	as long as short