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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 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.004%
Price spread now: Phemex against Binance+0.111%7-day average +0.018% · 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−$34as in the Price arb table
costs, in and out, $10k−$440.435% of the position
Long on BinanceShort on Phemex
What this pair did over the last
the charts below follow
Funding, last 7 days+0.019%+$2 on $10k
Price spread, last 3 days (all we have)+0.167%+$17 · spread now +0.111%, 7d avg +0.018%
Together, before fees+0.185%+$19 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: Phemex is 0.093% dearer against Binance than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of +0.018%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance UNIUSDT8.90210.0100pay 0.0100% / 8h1h 13m$218.7M$589.3M75x
ShortPhemex UNIUSDT8.91200.0100get 0.0100% / 8h1h 13m$26.8M$4.4M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phemex 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

Funding earned
$0
Price spread: +0.111% → +0.018%
$9.35
Slippage, 4 orders
−$21.52
Fee Binance: 5 bp × 2 orders
−$10
Fee Phemex: 6 bp × 2 orders
−$12
Net
−$34.17
Costs to cover
0.435%
Break-even
never at this rate
Slippage from Binance: live order book, 15 min ago; Phemex: live order book, 5 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 Binance live order book, 15 min ago0.57 bp7.6 bp −$811.9 bp −$11924.3 bp −$2,433146.7 bp −$73.4K
Sell Phemex live order book, 5 min ago2.25 bp15.3 bp −$1521.7 bp −$217doesn't fitdoesn'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+0.172%$3.9M$4.5M—as long as short
gTrade (Gains Network) UNI/USDL +0.0004% / S −0.0004%1h8.9186+0.185%$62K—150xas long as short
Bybit UNIUSDT+0.0005%8h8.9000−0.024%$101.5M$104.7M75xas long as short
Deribit UNI_USDC-PERPETUAL+0.0014%1h8.9196+0.197%$567K$157K50xas long as short
Injective UNI/USDC PERP+0.0033%1h8.8300−0.810%$660$155K12xas long as short
OKX UNI-USDT-SWAP+0.0048%8h8.8990−0.035%$55.1M$245.6M50xas long as short
01 Exchange UNIUSD+0.0072%1h8.9050+0.033%$444—10xas long as short
Paradex UNI-USD-PERP+0.0100%8h8.9027+0.007%$25K—20xas long as short
Nado UNI-PERP+0.0100%1h8.9205+0.207%$945K$4.0M10xas long as short
Aster UNIUSDT+0.0100%8h8.9135+0.128%$1.0M$3.3M50xas long as short
Show all 40 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica UNI+0.0100%1h8.9058+0.041%$301K$577K10xas long as short
Binance UNIUSDTlong+0.0100%8h8.9021long leg$218.7M$589.3M75x
Arcus UNI-USD+0.0100%1h8.9060+0.044%$274K$621K10xas long as short
Gate UNI_USDT+0.0100%8h8.8980−0.046%$23.0M$58.8M75xas long as short
MEXC UNI_USDT+0.0100%8h8.9040+0.021%$43.1M$24.5M200xas long as short
KuCoin UNIUSDTM+0.0100%8h8.9030+0.010%$13.6M$13.8M75xas long as short
Bitget UNIUSDT+0.0100%8h8.8940−0.091%$32.2M$41.3M75xas long as short
BingX UNI-USDT+0.0100%8h8.8950−0.080%—$51.7M—as long as short
Backpack UNI_USDC_PERP+0.0100%1h8.9105+0.094%$989K$2.3M10xas long as short
edgeX UNIUSDC+0.0100%4h8.8836−0.208%$167K$344K20xas long as short
GRVT UNI_USDT_Perp+0.0100%8h8.8880−0.158%$627K$2.5M10xas long as short
ApeX Omni UNIUSDT+0.0100%1h8.8860−0.181%$88K$712K50xas long as short
StandX UNI-USD+0.0100%1h8.9200+0.201%$106K$3.2M20xas long as short
Polymarket Perps UNI-USD+0.0100%1h8.9186+0.185%$86K$354K10xas long as short
Orderly PERP_UNI_USDC+0.0100%8h8.9140+0.134%$16K$1.7M10xas long as short
SunX UNI-USDT+0.0100%8h8.9253+0.261%$36K$1.3M30xas long as short
SoDEX UNI-USD+0.0100%1h8.9150+0.145%$25K$666K10xas long as short
HTX UNI-USDT+0.0100%8h8.9312+0.327%$732K$4.3M75xas long as short
Phemex UNIUSDTshort+0.0100%8h8.9120+0.111%$26.8M$4.4M50x
Extended UNI-USD+0.0104%1h8.8922−0.112%$302K$1.5M25xas long as short
Aevo UNI-PERP+0.0104%1h8.9143+0.137%$32K$1K3xas long as short
dYdX UNI-USD+0.0115%1h8.9052+0.035%$247K$6K10xas long as short
BloFin UNI-USDT+0.0220%8h8.9220+0.223%$9.9M$3.4M75xas long as short
Coinbase International UNI-PERP-INTX+0.0224%1h8.9320+0.336%$1.1M$5.3M50xas long as short
Kraken Futures PF_UNIUSD+0.0339%1h8.9212+0.215%$5.0M$7.0M50xas long as short
Reya UNIRUSDPERP+0.0362%1h8.9150+0.145%$16K—20xas long as short
GMX UNI/USD [UNI-USDC]L +0.0379% / S −0.0319%1h8.9179+0.177%$559K—120xas long as short
Hyperliquid UNI+0.0399%1h8.9189+0.189%$98.2M$59.3M10xas long as short
Lighter UNI+0.0632%1h8.9204+0.206%$4.6M$5.2M15xas long as short
Aftermath Perps UNIUSD+0.0645%1h8.9014−0.008%$1K$49K10xas long as short