Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.007%

Price spread now: Deribit against Binance+0.057%7-day average +0.039% · you sell dearer than you buy

Net, funding: paid 7d − costs−$48as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$420.417% of the position

Long on Binance Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.059%−$6 on $10k

Price spread, last 3 days (all we have)+0.443%+$44 · spread now +0.057%, 7d avg +0.039%

Together, before fees+0.384%+$38 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.039%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance UNIUSDT	8.8151	0.0100	pay 0.0100% / 8h	2h 11m	$215.3M	$596.7M	75x
Short	Deribit UNI_USDC-PERPETUAL	8.8201	0	get 0.0000% / 1h	11m 38s	$565K	$154K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.057%Rate

Funding earned: −$21
Price spread: +0.057% → +0.039%: $1.82
Slippage, 4 orders: −$24.68
Fee Binance: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$60.87
Costs to cover: 0.417%
Break-even: never at this rate

Slippage from Binance: live order book, 2 min ago; Deribit: live order book, 12 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, 2 min ago	0.57 bp	7.0 bp −$7	14.3 bp −$143	49.7 bp −$4,970	169.3 bp −$84.7K
Sell Deribit live order book, 12 min ago	8.70 bp	12.5 bp −$13	21.0 bp −$210	doesn't fit	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
Variational Omni UNI	−0.0136%	8h	8.8841	+0.783%	$4.0M	$4.6M	—	as long as short
Bybit UNIUSDT	−0.0083%	8h	8.8120	−0.035%	$100.6M	$106.3M	75x	as long as short
Deribit UNI_USDC-PERPETUALshort	0.0000%	1h	8.8201	+0.057%	$565K	$154K	50x
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0006%	1h	8.8182	+0.036%	$79K	—	150x	as long as short
OKX UNI-USDT-SWAP	+0.0025%	8h	8.8110	−0.046%	$54.3M	$245.9M	50x	as long as short
01 Exchange UNIUSD	+0.0032%	1h	8.8249	+0.112%	$440	—	10x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8109	−0.047%	$25K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.8160	+0.011%	$840K	$4.0M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.8246	+0.109%	$1.0M	$3.4M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.8170	+0.022%	$299K	$563K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance UNIUSDTlong	+0.0100%	8h	8.8151	long leg	$215.3M	$596.7M	75x
Arcus UNI-USD	+0.0100%	1h	8.8220	+0.079%	$272K	$612K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.8150	−0.001%	$22.9M	$59.5M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.8140	−0.012%	$42.6M	$24.8M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.8170	+0.022%	$13.3M	$13.9M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8180	+0.033%	$32.0M	$41.6M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.8150	−0.001%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8257	+0.121%	$979K	$2.3M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8900	+0.850%	$167K	$344K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8970	+0.930%	$618K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8920	+0.873%	$84K	$714K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8310	+0.181%	$105K	$3.2M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.8155	+0.005%	$86K	$345K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8150	−0.001%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.8197	+0.053%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.8156	+0.006%	$25K	$668K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.8421	+0.307%	$720K	$4.4M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8240	+0.102%	$26.6M	$4.4M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8111	−0.045%	$305K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8167	+0.019%	$31K	$1K	3x	as long as short
dYdX UNI-USD	+0.0110%	1h	8.8209	+0.066%	$244K	$6K	10x	as long as short
Coinbase International UNI-PERP-INTX	+0.0200%	1h	8.8250	+0.113%	$1.0M	$5.3M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.8230	+0.090%	$9.8M	$3.4M	75x	as long as short
Kraken Futures PF_UNIUSD	+0.0269%	1h	8.8306	+0.177%	$4.9M	$7.2M	50x	as long as short
Hyperliquid UNI	+0.0307%	1h	8.8279	+0.146%	$96.2M	$59.9M	10x	as long as short
Reya UNIRUSDPERP	+0.0360%	1h	8.8141	−0.011%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0379% / S −0.0320%	1h	8.8164	+0.015%	$553K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0554%	1h	8.8802	+0.739%	$1K	$50K	10x	as long as short
Lighter UNI	+0.0592%	1h	8.8336	+0.210%	$4.5M	$5.4M	15x	as long as short
Injective UNI/USDC PERP	+0.2702%	1h	8.7900	−0.284%	$657	$97K	12x	as long as short