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Funding arb · Price arb /

UNI

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.003%
Price spread now: Bitget against Backpack+0.072%7-day average −0.511% · you sell dearer than you buy
Net, funding: paid 7d − costs−$42as in the Funding arb table
Net, price: spread back to 7d avg − costs+$22as in the Price arb table
costs, in and out, $10k−$360.361% of the position
Long on BackpackShort on Bitget
What this pair did over the last
the charts below follow
Funding, last 7 days−0.064%−$6 on $10k
Price spread, last 7 days−0.054%−$5 · spread now +0.072%, 7d avg −0.511%
Together, before fees−0.117%−$12 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.583% dearer against Backpack than usual: you sell high and buy low, +$58 on $10k if it goes back to its 7-day average of −0.511%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBackpack UNI_USDC_PERP8.93060.0100pay 0.0013% / 1h11m 30s$992K$2.3M10x
ShortBitget UNIUSDT8.93700.0100get 0.0100% / 8h1h 11m$32.4M$41.3M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against Backpack. 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

Funding earned
$0
Price spread: +0.072% → −0.511%
$58.3
Slippage, 4 orders
−$14.14
Fee Backpack: 5 bp × 2 orders
−$10
Fee Bitget: 6 bp × 2 orders
−$12
Net
$22.16
Costs to cover
0.361%
Break-even
from the start
Slippage from Backpack: live order book, 3 min ago; Bitget: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Backpack live order book, 3 min ago1.35 bp7.2 bp −$7145.8 bp −$1,458doesn't fitdoesn't fit
Sell Bitget live order book, 2 min ago0.56 bp11.7 bp −$1217.3 bp −$17336.3 bp −$3,631doesn't fit

UNI on 40 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni UNI−0.0045%8h8.9174−0.148%$3.9M$4.5M—as long as short
gTrade (Gains Network) UNI/USDL +0.0004% / S −0.0004%1h8.9333+0.030%$62K—150xas long as short
Bybit UNIUSDT+0.0011%8h8.9380+0.083%$102.0M$104.8M75xas long as short
Injective UNI/USDC PERP+0.0033%1h8.8300−1.126%$660$155K12xas long as short
OKX UNI-USDT-SWAP+0.0052%8h8.9380+0.083%$55.2M$246.9M50xas long as short
01 Exchange UNIUSD+0.0072%1h8.9433+0.142%$446—10xas long as short
Paradex UNI-USD-PERP+0.0100%8h8.9277−0.033%$25K—20xas long as short
Nado UNI-PERP+0.0100%1h8.9315+0.010%$947K$4.1M10xas long as short
Aster UNIUSDT+0.0100%8h8.9370+0.072%$1.0M$3.3M50xas long as short
Pacifica UNI+0.0100%1h8.9330+0.027%$301K$577K10xas long as short
Show all 40 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance UNIUSDT+0.0100%8h8.9400+0.105%$220.0M$589.7M75xas long as short
Arcus UNI-USD+0.0100%1h8.9400+0.105%$276K$621K10xas long as short
Gate UNI_USDT+0.0100%8h8.9300−0.007%$23.0M$58.9M75xas long as short
MEXC UNI_USDT+0.0100%8h8.9320+0.016%$43.3M$24.6M200xas long as short
KuCoin UNIUSDTM+0.0100%8h8.9240−0.074%$13.6M$13.8M75xas long as short
Bitget UNIUSDTshort+0.0100%8h8.9370+0.072%$32.4M$41.3M75x
BingX UNI-USDC+0.0100%8h8.9320+0.016%—$6.5M—as long as short
Backpack UNI_USDC_PERPlong+0.0100%1h8.9306long leg$992K$2.3M10x
edgeX UNIUSDC+0.0100%4h8.9018−0.322%$167K$342K20xas long as short
GRVT UNI_USDT_Perp+0.0100%8h8.9094−0.238%$628K$2.5M10xas long as short
ApeX Omni UNIUSDT+0.0100%1h8.9000−0.343%$88K$712K50xas long as short
StandX UNI-USD+0.0100%1h8.9010−0.331%$106K$3.2M20xas long as short
Polymarket Perps UNI-USD+0.0100%1h8.9419+0.127%$87K$355K10xas long as short
Orderly PERP_UNI_USDC+0.0100%8h8.9310+0.004%$16K$1.7M10xas long as short
SunX UNI-USDT+0.0100%8h8.9403+0.109%$36K$1.3M30xas long as short
SoDEX UNI-USD+0.0100%1h8.9280−0.029%$25K$666K10xas long as short
HTX UNI-USDT+0.0100%8h8.9418+0.125%$733K$4.3M75xas long as short
Phemex UNIUSDT+0.0100%8h8.9290−0.018%$26.9M$4.4M50xas long as short
Extended UNI-USD+0.0104%1h8.9294−0.013%$302K$1.5M25xas long as short
Aevo UNI-PERP+0.0104%1h8.9318+0.013%$32K$1K3xas long as short
Deribit UNI_USDC-PERPETUAL+0.0110%1h8.9371+0.073%$568K$157K50xas long as short
dYdX UNI-USD+0.0111%1h8.9297−0.010%$247K$6K10xas long as short
BloFin UNI-USDT+0.0220%8h8.9070−0.264%$9.9M$3.4M75xas long as short
Coinbase International UNI-PERP-INTX+0.0224%1h8.9360+0.060%$1.1M$5.3M50xas long as short
Kraken Futures PF_UNIUSD+0.0339%1h8.9368+0.069%$5.0M$7.0M50xas long as short
Reya UNIRUSDPERP+0.0362%1h8.9365+0.066%$16K—20xas long as short
GMX UNI/USD [UNI-USDC]L +0.0379% / S −0.0319%1h8.9325+0.022%$559K—120xas long as short
Hyperliquid UNI+0.0412%1h8.9397+0.102%$98.4M$59.3M10xas long as short
Aftermath Perps UNIUSD+0.0638%1h8.9087−0.245%$1K$49K10xas long as short
Lighter UNI+0.0656%1h8.9480+0.195%$4.6M$5.2M15xas long as short