Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0126%/8h= −13.8% APRpaid last 24h −0.033%

Price spread now: Deribit against BloFin+0.134%7-day average +0.038% · you sell dearer than you buy

Net, funding: paid 7d − costs−$77as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$480.480% of the position

Long on BloFin Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.285%−$29 on $10k

Price spread, last 4 days (all we have)+0.014%+$1 · spread now +0.134%, 7d avg +0.038%

Together, before fees−0.271%−$27 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Deribit is 0.096% dearer against BloFin than usual: you sell high and buy low (spread +0.134% now, against its 7-day average of +0.038%): +$10 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 2.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin UNI-USDT	8.9210	0.0220	pay 0.0220% / 8h	3h 23m	$10.2M	$3.5M	75x
Short	Deribit UNI_USDC-PERPETUAL	8.9330	0.0094	get 0.0012% / 1h	23m 21s	$572K	$208K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.134%Rate

Funding earned: −$26.46
Price spread: +0.134% → +0.038%: $9.56
Slippage, 4 orders: −$29.01
Fee BloFin: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$64.91
Costs to cover: 0.480%
Break-even: never at this rate

Slippage from BloFin: live order book, 10 min ago; Deribit: live order book, 30 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, 10 min ago	1.11 bp	11.3 bp −$11	17.4 bp −$174	40.1 bp −$4,012	doesn't fit
Sell Deribit live order book, 30 min ago	5.69 bp	15.3 bp −$15	24.7 bp −$247	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
01 Exchange UNIUSD	0.0000%	1h	8.9381	+0.192%	$446	$5	10x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0007%	1h	8.9297	+0.097%	$49K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−1.020%	$660	$154K	12x	as long as short
Deribit UNI_USDC-PERPETUALshort	+0.0094%	1h	8.9330	+0.134%	$572K	$208K	50x
Lighter UNI	+0.0096%	1h	8.9390	+0.202%	$4.5M	$5.9M	15x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.9262	+0.058%	$25K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.9262	+0.059%	$953K	$4.5M	10x	as long as short
Hyperliquid UNI	+0.0100%	1h	8.9354	+0.161%	$95.0M	$64.1M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.9300	+0.101%	$781K	$3.6M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.9284	+0.083%	$290K	$608K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance UNIUSDT	+0.0100%	8h	8.9279	+0.078%	$220.4M	$647.1M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	8.9240	+0.034%	$100.1M	$111.6M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	8.9250	+0.045%	$54.5M	$260.3M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.9390	+0.202%	$317K	$661K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.9280	+0.078%	$23.9M	$64.1M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.9300	+0.101%	$47.7M	$26.1M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.9290	+0.090%	$13.2M	$13.3M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.9240	+0.034%	$33.1M	$45.4M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.9260	+0.056%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.9309	+0.111%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	8.9508	+0.335%	$4.2M	$4.2M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.9522	+0.349%	$169K	$344K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.9410	+0.224%	$621K	$2.8M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.9600	+0.437%	$92K	$702K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.9390	+0.202%	$15K	$3.4M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.9317	+0.120%	$86K	$437K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.9270	+0.067%	$16K	$1.4M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.9334	+0.139%	$36K	$1.4M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.9270	+0.067%	$31K	$818K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.9341	+0.147%	$699K	$4.9M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.9260	+0.056%	$27.0M	$4.4M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.9220	+0.011%	$284K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.9275	+0.073%	$32K	—	3x	as long as short
Coinbase International UNI-PERP-INTX	+0.0216%	1h	8.9290	+0.090%	$930K	$5.8M	50x	as long as short
BloFin UNI-USDTlong	+0.0220%	8h	8.9210	long leg	$10.2M	$3.5M	75x
Kraken Futures PF_UNIUSD	+0.0272%	1h	8.9307	+0.108%	$4.9M	$8.1M	50x	as long as short
dYdX UNI-USD	+0.0276%	1h	8.9263	+0.059%	$235K	$30K	10x	as long as short
Reya UNIRUSDPERP	+0.0375%	1h	8.9246	+0.040%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	8.9300	+0.101%	$636K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0779%	1h	8.9605	+0.443%	$948	$45K	10x	as long as short