Settings8H · net · $10k
Funding arb · Price arb /

UNI

all UNI markets
SwapBacktest
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: BloFin against Bybit−0.422%112s7-day average +0.091% · you buy dearer than you sell
Net, funding: paid 7d − costs−$18as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$450.453% of the position
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)+0.591%+$59 · spread now −0.422%, 7d avg +0.091%
Together, before fees+0.868%+$87 on $10k · with fees, hour by hour
Funding pays, the price is against you. BloFin is 0.513% cheaper against Bybit than usual: you would sell low and buy high (spread −0.422% now, against its 7-day average of +0.091%). If the spread goes back, that is −$51 on $10k: about 14 days of funding at the current rate (+$4 a day). The two prices were read 112 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit UNIUSDT9.25200.0100pay 0.0100% / 8h7h 29m$104.4M$107.0M75x
ShortBloFin UNI-USDT9.21300.0220get 0.0220% / 8h7h 29m$10.3M$3.6M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against Bybit. 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
$25.2
Price spread: −0.422% → +0.091%
−$51.28
Slippage, 4 orders
−$22.28
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$71.36
Costs to cover
0.453%
Break-even
26.8 days
Slippage from Bybit: live order book, 5 min ago; BloFin: live order book, 4 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 Bybit live order book, 5 min ago0.55 bp9.8 bp −$1015.5 bp −$15532.8 bp −$3,276doesn't fit
Sell BloFin live order book, 4 min ago1.10 bp10.2 bp −$1015.9 bp −$15932.3 bp −$3,226doesn'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
gTrade (Gains Network) UNI/USDL +0.0004% / S −0.0006%1h9.2424−0.104%$50K150xas long as short
Injective UNI/USDC PERP+0.0033%1h8.8300−4.561%$660$154K12xas long as short
01 Exchange UNIUSD+0.0072%1h9.2321−0.215%$46110xas long as short
Nado UNI-PERP+0.0100%1h9.2292−0.246%$989K$4.3M10xas long as short
Aster UNIUSDT+0.0100%8h9.2404−0.125%$1.1M$2.9M50xas long as short
Pacifica UNI+0.0100%1h9.2343−0.192%$308K$586K10xas long as short
Binance UNIUSDT+0.0100%8h9.2456−0.069%$232.1M$595.5M75xas long as short
Bybit UNIUSDTlong+0.0100%8h9.2520long leg$104.4M$107.0M75x
OKX UNI-USDT-SWAP+0.0100%8h9.25200.000%$56.7M$258.8M50xas long as short
Arcus UNI-USD+0.0100%1h9.2350−0.184%$275K$616K10xas long as short
Show all 40 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate UNI_USDT+0.0100%8h9.2430−0.097%$23.4M$59.0M75xas long as short
MEXC UNI_USDT+0.0100%8h9.2470−0.054%$45.3M$23.9M200xas long as short
KuCoin UNIUSDTM+0.0100%8h9.2260−0.281%$13.9M$13.5M75xas long as short
Bitget UNIUSDT+0.0100%8h9.2350−0.184%$33.9M$42.2M75xas long as short
BingX UNI-USDT+0.0100%8h9.2450−0.076%$54.7Mas long as short
Backpack UNI_USDC_PERP+0.0100%1h9.2371−0.161%$1.1M$2.4M10xas long as short
Variational Omni UNI+0.0100%8h9.2011−0.550%$4.2M$4.4Mas long as short
edgeX UNIUSDC+0.0100%4h9.1962−0.603%$173K$345K20xas long as short
GRVT UNI_USDT_Perp+0.0100%8h9.2169−0.380%$649K$2.6M10xas long as short
ApeX Omni UNIUSDT+0.0100%1h9.1340−1.275%$89K$708K50xas long as short
StandX UNI-USD+0.0100%1h9.2310−0.227%$37K$3.3M20xas long as short
Polymarket Perps UNI-USD+0.0100%1h9.2377−0.155%$81K$383K10xas long as short
Orderly PERP_UNI_USDC+0.0100%8h9.25200.000%$16K$1.7M10xas long as short
SunX UNI-USDT+0.0100%8h9.2399−0.131%$37K$1.3M30xas long as short
SoDEX UNI-USD+0.0100%1h9.2297−0.241%$22K$714K10xas long as short
HTX UNI-USDT+0.0100%8h9.2405−0.124%$733K$4.4M75xas long as short
Phemex UNIUSDT+0.0100%8h9.2300−0.238%$27.8M$4.5M50xas long as short
Paradex UNI-USD-PERP+0.0100%8h9.2179−0.368%$26K20xas long as short
Extended UNI-USD+0.0104%1h9.2223−0.321%$306K$1.5M25xas long as short
Aevo UNI-PERP+0.0104%1h9.2289−0.250%$33K3xas long as short
dYdX UNI-USD+0.0120%1h9.2197−0.349%$254K$8K10xas long as short
BloFin UNI-USDTshort+0.0220%8h9.2130−0.422%$10.3M$3.6M75x
Coinbase International UNI-PERP-INTX+0.0272%1h9.2410−0.119%$1.1M$4.9M50xas long as short
Deribit UNI_USDC-PERPETUAL+0.0318%1h9.2345−0.190%$595K$178K50xas long as short
Reya UNIRUSDPERP+0.0366%1h9.2335−0.199%$17K20xas long as short
Kraken Futures PF_UNIUSD+0.0380%1h9.2375−0.156%$5.2M$7.0M50xas long as short
GMX UNI/USD [UNI-USDC]L +0.0382% / S −0.0323%1h9.2434−0.093%$585K120xas long as short
Hyperliquid UNI+0.0525%1h9.2471−0.053%$101.9M$60.4M10xas long as short
Aftermath Perps UNIUSD+0.0934%1h9.1870−0.702%$953$49K10xas long as short
Lighter UNI+0.0944%1h9.2503−0.018%$4.7M$5.3M15xas long as short