UNI

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0052%/8h= −5.7% APRnext payment −$0.52 per $10,000 · paid last 24h −0.030%

Price spread now: Bybit against Binance−0.023%7-day average −0.061% · you buy dearer than you sell

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$310.307% of the position

Long on Binance Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.030%−$3 on $10k

Price spread, last 7 days−0.029%−$3 · spread now −0.023%, 7d avg −0.061%

Together, before fees−0.059%−$6 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.037% dearer against Binance than usual: you sell high and buy low (spread −0.023% now, against its 7-day average of −0.061%): +$4 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.4 days. At the pace of the last 7 days (−0.030% in total) that is about 8.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance UNIUSDT	9.1521	0.0100	pay 0.0100% / 8h	49m 56s	$225.6M	$586.4M	75x
Short	Bybit UNIUSDT	9.1500	0.0048	get 0.0048% / 8h	49m 56s	$104.6M	$104.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Binance. 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 BinancebpFee BybitbpOrdersPrice spread, now −0.023%Rate

Funding earned: −$10.92
Price spread: −0.023% → −0.061%: $3.73
Slippage, 4 orders: −$9.75
Fee Binance: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$37.93
Costs to cover: 0.307%
Break-even: never at this rate

Slippage from Binance: live order book, 9 min ago; Bybit: live order book, 4 min ago.

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 Binance live order book, 9 min ago	0.56 bp	7.7 bp −$8	11.7 bp −$117	34.5 bp −$3,452	167.1 bp −$83.6K
Sell Bybit live order book, 4 min ago	0.55 bp	8.6 bp −$9	14.9 bp −$149	38.6 bp −$3,855	doesn't fit

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
Injective UNI/USDC PERP	−0.0049%	1h	8.8300	−3.520%	$660	$155K	12x	as long as short
dYdX UNI-USD	0.0000%	1h	9.1388	−0.146%	$253K	$6K	10x	as long as short
Variational Omni UNI	+0.0002%	8h	9.1084	−0.478%	$4.0M	$4.3M	—	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	9.1422	−0.109%	$63K	—	150x	as long as short
Bybit UNIUSDTshort	+0.0048%	8h	9.1500	−0.023%	$104.6M	$104.0M	75x
OKX UNI-USDT-SWAP	+0.0080%	8h	9.1520	−0.002%	$56.4M	$252.0M	50x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.1375	−0.160%	$972K	$4.1M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.1473	−0.053%	$1.1M	$3.3M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.1395	−0.138%	$305K	$586K	10x	as long as short
Binance UNIUSDTlong	+0.0100%	8h	9.1521	long leg	$225.6M	$586.4M	75x

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus UNI-USD	+0.0100%	1h	9.1480	−0.045%	$282K	$619K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.1480	−0.045%	$23.5M	$57.9M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.1620	+0.108%	$44.2M	$23.8M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.1520	−0.002%	$13.9M	$13.5M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.1620	+0.108%	$33.2M	$41.5M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	9.1450	−0.078%	—	$51.9M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.0235	−1.405%	$170K	$342K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0290	−1.345%	$638K	$2.5M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0420	−1.204%	$89K	$713K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.1120	−0.439%	$71K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.1399	−0.134%	$89K	$356K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.1430	−0.100%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.1541	+0.021%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.1450	−0.078%	$26K	$662K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.1472	−0.054%	$746K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.1420	−0.111%	$27.6M	$4.4M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.1273	−0.271%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.1587	+0.072%	$315K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.1450	−0.078%	$32K	$1K	3x	as long as short
01 Exchange UNIUSD	+0.0208%	1h	9.1457	−0.070%	$456	—	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.1300	−0.242%	$10.0M	$3.5M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0232%	1h	9.1500	−0.023%	$1.1M	$5.5M	50x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0251%	1h	9.1483	−0.042%	$589K	$175K	50x	as long as short
Backpack UNI_USDC_PERP	+0.0254%	1h	9.1518	−0.004%	$1.0M	$2.3M	10x	as long as short
Reya UNIRUSDPERP	+0.0363%	1h	9.1275	−0.269%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0380% / S −0.0320%	1h	9.1367	−0.168%	$575K	—	120x	as long as short
Kraken Futures PF_UNIUSD	+0.0553%	1h	9.1527	+0.007%	$5.1M	$7.0M	50x	as long as short
Aftermath Perps UNIUSD	+0.0734%	1h	9.0537	−1.075%	$1K	$49K	10x	as long as short
Hyperliquid UNI	+0.0947%	1h	9.1625	+0.113%	$101.4M	$58.6M	10x	as long as short
Lighter UNI	+0.1000%	1h	9.1651	+0.142%	$4.7M	$5.2M	15x	as long as short