Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0286%/8h= +31.3% APRpaid last 24h +0.079%

Price spread now: Reya against BingX+0.040%50s7-day average — · you sell dearer than you buy

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

Long on BingX Short on Reya

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Reya is 0.040% dearer against BingX than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX UNI-USDC	8.8100	0.0100	pay 0.0100% / 8h	5h 52m	—	$6.5M	—
Short	Reya UNIRUSDPERP	8.8135	0.0386	get 0.0048% / 1h	52m 41s	$16K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against BingX. 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 BingXbpFee ReyabpOrdersPrice spread, now +0.040%Rate

Funding earned: $60.06
Price spread: +0.040% → 0.000%: $4.01
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: $48.07
Costs to cover: 0.160%
Break-even: 1.4 days

Slippage unknown: BingX: live order book, 1 min ago; Reya: no order-book sample. 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 BingX live order book, 1 min ago	1.13 bp	12.2 bp −$12	30.3 bp −$303	83.8 bp −$8,375	711.8 bp −$355.9K
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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 exchanges

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
Deribit UNI_USDC-PERPETUAL	0.0000%	1h	8.8219	+0.135%	$584K	$217K	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0005%	1h	8.8160	+0.068%	$76K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	+0.227%	$660	$147K	12x	as long as short
Nado UNI-PERP	+0.0045%	1h	8.8130	+0.034%	$712K	$3.9M	10x	as long as short
Lighter UNI	+0.0096%	1h	8.8251	+0.171%	$4.4M	$4.8M	15x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8100	+0.001%	$25K	—	20x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.8159	+0.067%	$741K	$2.4M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.8140	+0.045%	$287K	$467K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.8130	+0.034%	$213.8M	$567.3M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	8.8110	+0.011%	$97.5M	$97.3M	75x	as long as short

Show all 40 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX UNI-USDT-SWAP	+0.0100%	8h	8.8110	+0.011%	$54.5M	$227.1M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.8210	+0.125%	$323K	$515K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.8120	+0.023%	$27.7M	$54.8M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.8140	+0.045%	$46.0M	$20.5M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.8140	+0.045%	$12.9M	$11.2M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8090	−0.011%	$32.8M	$42.4M	75x	as long as short
BingX UNI-USDClong	+0.0100%	8h	8.8100	long leg	—	$6.5M	—
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8219	+0.135%	$1.1M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	8.8262	+0.184%	$4.1M	$2.7M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8372	+0.308%	$167K	$344K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8280	+0.204%	$619K	$2.2M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8360	+0.295%	$89K	$713K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8250	+0.170%	$93K	$3.5M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.8141	+0.047%	$105K	$574K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8150	+0.057%	$16K	$2.5M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.8171	+0.081%	$36K	$1.1M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.8170	+0.079%	$32K	$725K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.8245	+0.165%	$697K	$4.0M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8210	+0.125%	$26.6M	$4.5M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8066	−0.039%	$298K	$1.7M	25x	as long as short
01 Exchange UNIUSD	+0.0104%	1h	8.8108	+0.009%	$440	$56	10x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8168	+0.078%	$31K	—	3x	as long as short
Kraken Futures PF_UNIUSD	+0.0131%	1h	8.8216	+0.131%	$4.7M	$7.7M	50x	as long as short
Hyperliquid UNI	+0.0184%	1h	8.8212	+0.127%	$94.9M	$60.6M	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.8210	+0.125%	$10.0M	$3.4M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0240%	1h	8.8200	+0.114%	$921K	$4.3M	50x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	8.8178	+0.089%	$627K	—	120x	as long as short
Reya UNIRUSDPERPshort	+0.0386%	1h	8.8135	+0.040%	$16K	—	20x
Aftermath Perps UNIUSD	+0.0575%	1h	8.8357	+0.291%	$1K	$49K	10x	as long as short
dYdX UNI-USD	+0.0653%	1h	8.8108	+0.009%	$231K	$32K	10x	as long as short