UNI

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0120%/8h= −13.1% APRnext payment −$1.20 per $10,000 · paid last 24h −0.059%

Price spread now: Bybit against BloFin−0.251%62s7-day average −0.091% · you buy dearer than you sell

Net, funding: paid 7d − costs−$75as 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−$470.475% of the position

Long on BloFin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.277%−$28 on $10k

Price spread, last 3 days (all we have)+0.082%+$8 · spread now −0.251%, 7d avg −0.091%

Together, before fees−0.195%−$19 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Bybit is 0.160% cheaper against BloFin than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of −0.091%). Swap the legs. The two prices were read 62 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	BloFin UNI-USDT	9.1610	0.0220	pay 0.0220% / 8h	7h 36m	$10.1M	$3.6M	75x
Short	Bybit UNIUSDT	9.1380	0.0100	get 0.0100% / 8h	7h 36m	$103.3M	$107.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against BloFin. 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 BloFinbpFee BybitbpOrdersPrice spread, now −0.251%Rate

Funding earned: −$25.2
Price spread: −0.251% → −0.091%: −$15.98
Slippage, 4 orders: −$24.48
Fee BloFin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$88.66
Costs to cover: 0.475%
Break-even: never at this rate

Slippage from BloFin: live order book, 2 min ago; Bybit: live order book, 3 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 BloFin live order book, 2 min ago	5.43 bp	11.5 bp −$11	14.8 bp −$148	43.4 bp −$4,342	doesn't fit
Sell Bybit live order book, 3 min ago	0.55 bp	10.4 bp −$10	15.8 bp −$158	35.9 bp −$3,594	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
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0005%	1h	9.1463	−0.160%	$74K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−3.613%	$660	$154K	12x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0038%	1h	9.1495	−0.126%	$590K	$178K	50x	as long as short
01 Exchange UNIUSD	+0.0072%	1h	9.1491	−0.130%	$457	—	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.1412	−0.216%	$966K	$4.2M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.1487	−0.134%	$1.1M	$3.4M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.1405	−0.224%	$307K	$583K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.1391	−0.239%	$228.7M	$594.7M	75x	as long as short
Bybit UNIUSDTshort	+0.0100%	8h	9.1380	−0.251%	$103.3M	$107.0M	75x
OKX UNI-USDT-SWAP	+0.0100%	8h	9.1360	−0.273%	$56.3M	$255.1M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus UNI-USD	+0.0100%	1h	9.1580	−0.033%	$272K	$616K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.1450	−0.175%	$23.0M	$58.6M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.1480	−0.142%	$44.7M	$23.8M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.1480	−0.142%	$13.8M	$13.5M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.1450	−0.175%	$33.6M	$42.2M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	9.1450	−0.175%	—	$53.8M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.1577	−0.036%	$1.0M	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.1441	−0.185%	$4.2M	$4.4M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.2036	+0.465%	$173K	$343K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.1570	−0.044%	$641K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.2070	+0.502%	$90K	$708K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.1680	+0.076%	$37K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.1509	−0.110%	$85K	$375K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.1440	−0.186%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.1513	−0.106%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.1455	−0.169%	$21K	$705K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.1528	−0.090%	$727K	$4.4M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.1450	−0.175%	$27.6M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.1427	−0.200%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.1426	−0.201%	$305K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.1467	−0.157%	$32K	—	3x	as long as short
dYdX UNI-USD	+0.0126%	1h	9.1405	−0.223%	$252K	$8K	10x	as long as short
BloFin UNI-USDTlong	+0.0220%	8h	9.1610	long leg	$10.1M	$3.6M	75x
Coinbase International UNI-PERP-INTX	+0.0272%	1h	9.1550	−0.065%	$1.1M	$5.6M	50x	as long as short
Reya UNIRUSDPERP	+0.0366%	1h	9.1436	−0.190%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0382% / S −0.0323%	1h	9.1452	−0.172%	$579K	—	120x	as long as short
Kraken Futures PF_UNIUSD	+0.0384%	1h	9.1525	−0.093%	$5.1M	$7.0M	50x	as long as short
Hyperliquid UNI	+0.0517%	1h	9.1597	−0.014%	$100.9M	$60.0M	10x	as long as short
Lighter UNI	+0.0832%	1h	9.1643	+0.036%	$4.7M	$5.3M	15x	as long as short
Aftermath Perps UNIUSD	+0.0918%	1h	9.1553	−0.063%	$1K	$49K	10x	as long as short