Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0001%/8h= −0.1% APRpaid last 24h −0.012%

Price spread now: Deribit against Bitget−0.029%58s7-day average +0.081% · you buy dearer than you sell

Net, funding: paid 7d − costs−$55as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$500.499% of the position

Long on Bitget Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.049%−$5 on $10k

Price spread, last 3 days (all we have)+0.410%+$41 · spread now −0.029%, 7d avg +0.081%

Together, before fees+0.362%+$36 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: Deribit is 0.110% cheaper against Bitget than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of +0.081%. The two prices were read 58 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	Bitget UNIUSDT	8.8360	0.0100	pay 0.0100% / 8h	1h 30m	$32.1M	$41.3M	75x
Short	Deribit UNI_USDC-PERPETUAL	8.8335	0.0099	get 0.0012% / 1h	30m 19s	$562K	$157K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Bitget. 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 BitgetbpFee DeribitbpOrdersPrice spread, now −0.029%Rate

Funding earned: −$0.21
Price spread: −0.029% → +0.081%: −$11
Slippage, 4 orders: −$30.87
Fee Bitget: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$61.08
Costs to cover: 0.499%
Break-even: never at this rate

Slippage from Bitget: live order book, 4 min ago; Deribit: live order book, 54 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 Bitget live order book, 4 min ago	1.13 bp	11.3 bp −$11	17.5 bp −$175	36.3 bp −$3,630	doesn't fit
Sell Deribit live order book, 54 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	−0.0066%	8h	8.8274	−0.097%	$3.9M	$4.5M	—	as long as short
Bybit UNIUSDT	−0.0012%	8h	8.8340	−0.023%	$100.7M	$104.3M	75x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	8.8392	+0.036%	$61K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−0.068%	$660	$155K	12x	as long as short
OKX UNI-USDT-SWAP	+0.0042%	8h	8.8360	0.000%	$54.7M	$243.7M	50x	as long as short
01 Exchange UNIUSD	+0.0048%	1h	8.8405	+0.051%	$441	—	10x	as long as short
Deribit UNI_USDC-PERPETUALshort	+0.0099%	1h	8.8335	−0.029%	$562K	$157K	50x
Paradex UNI-USD-PERP	+0.0100%	8h	8.8311	−0.056%	$25K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.8325	−0.040%	$935K	$4.0M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.8369	+0.010%	$1.0M	$3.4M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica UNI	+0.0100%	1h	8.8330	−0.034%	$296K	$570K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.8380	+0.023%	$216.9M	$587.9M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.8420	+0.068%	$282K	$615K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.8370	+0.011%	$22.9M	$58.5M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.8380	+0.023%	$42.7M	$24.5M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.8360	0.000%	$13.5M	$13.8M	75x	as long as short
Bitget UNIUSDTlong	+0.0100%	8h	8.8360	long leg	$32.1M	$41.3M	75x
BingX UNI-USDT	+0.0100%	8h	8.8360	0.000%	—	$52.0M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8322	−0.043%	$980K	$2.3M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8322	−0.043%	$166K	$344K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8300	−0.068%	$612K	$2.5M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8330	−0.034%	$87K	$713K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8330	−0.034%	$105K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.8358	−0.002%	$86K	$351K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8360	0.000%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.8347	−0.015%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.8282	−0.088%	$25K	$666K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.8387	+0.031%	$726K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8280	−0.091%	$26.6M	$4.5M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8299	−0.069%	$300K	$1.4M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8399	+0.044%	$31K	$1K	3x	as long as short
dYdX UNI-USD	+0.0124%	1h	8.8339	−0.023%	$245K	$6K	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.8240	−0.136%	$9.8M	$3.3M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0224%	1h	8.8340	−0.023%	$1.0M	$5.3M	50x	as long as short
Hyperliquid UNI	+0.0294%	1h	8.8461	+0.114%	$96.8M	$59.2M	10x	as long as short
Kraken Futures PF_UNIUSD	+0.0343%	1h	8.8346	−0.016%	$4.9M	$7.0M	50x	as long as short
Reya UNIRUSDPERP	+0.0362%	1h	8.8328	−0.036%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0379% / S −0.0319%	1h	8.8396	+0.041%	$554K	—	120x	as long as short
Lighter UNI	+0.0608%	1h	8.8483	+0.139%	$4.5M	$5.2M	15x	as long as short
Aftermath Perps UNIUSD	+0.0630%	1h	8.8349	−0.013%	$1K	$49K	10x	as long as short