Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.027%

Price spread now: Extended against Bybit+0.159%7-day average +0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs−$18as in the Funding arb table

Net, price: spread back to 7d avg − costs−$17as in the Price arb table

costs, in and out, $10k−$310.311% of the position

Long on Bybit Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.133%+$13 on $10k

Price spread, last 7 days−0.108%−$11 · spread now +0.159%, 7d avg +0.021%

Together, before fees+0.025%+ Points / potential airdropExtended: Active · farm board+$2 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: Extended is 0.137% dearer against Bybit than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of +0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit UNIUSDT	9.1720	0.0100	pay 0.0100% / 8h	6h 00m	$103.0M	$107.4M	75x
Short	Extended UNI-USD	9.1866	0.0104	get 0.0013% / 1h	0m 42s	$304K	$1.5M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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

Position, each leg$Hold fordaysFee BybitbpFee ExtendedbpOrdersPrice spread, now +0.159%Rate

Funding earned: $0.84
Price spread: +0.159% → +0.021%: $13.73
Slippage, 4 orders: −$15.08
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$16.5
Costs to cover: 0.311%
Break-even: 144.5 days

Slippage from Bybit: live order book, 3 min ago; Extended: 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 Bybit live order book, 3 min ago	0.54 bp	9.7 bp −$10	16.0 bp −$160	42.4 bp −$4,236	doesn't fit
Sell Extended live order book, 3 min ago	1.36 bp	4.0 bp −$4	7.6 bp −$76	doesn't fit	doesn't fit

UNI on 39 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 −0.0007%	1h	9.1929	+0.228%	$26K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−3.729%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0072%	1h	9.1968	+0.270%	$459	$5	10x	as long as short
dYdX UNI-USD	+0.0075%	1h	9.1832	+0.122%	$242K	$30K	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.1835	+0.125%	$975K	$4.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.1950	+0.251%	$1.1M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.1872	+0.165%	$300K	$568K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.1863	+0.156%	$229.9M	$607.5M	75x	as long as short
Bybit UNIUSDTlong	+0.0100%	8h	9.1720	long leg	$103.0M	$107.4M	75x
OKX UNI-USDT-SWAP	+0.0100%	8h	9.1740	+0.022%	$56.8M	$255.2M	50x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus UNI-USD	+0.0100%	1h	9.2050	+0.360%	$292K	$619K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.1810	+0.098%	$23.5M	$59.5M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.1880	+0.174%	$49.8M	$26.5M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.1780	+0.065%	$13.8M	$12.8M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.1870	+0.164%	$33.6M	$42.4M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.1820	+0.109%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.1948	+0.249%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.1879	+0.173%	$4.2M	$4.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.1826	+0.116%	$173K	$346K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.1739	+0.020%	$638K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.1930	+0.229%	$90K	$699K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.1940	+0.240%	$57K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.1902	+0.198%	$89K	$408K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.1940	+0.240%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.2011	+0.317%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.1950	+0.251%	$22K	$727K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.1978	+0.281%	$730K	$4.2M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.1930	+0.229%	$27.8M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.1729	+0.010%	$26K	—	20x	as long as short
Extended UNI-USDshort	+0.0104%	1h	9.1866	+0.159%	$304K	$1.5M	25x
Aevo UNI-PERP	+0.0104%	1h	9.1935	+0.234%	$33K	—	3x	as long as short
Hyperliquid UNI	+0.0290%	1h	9.2001	+0.306%	$100.2M	$59.1M	10x	as long as short
Coinbase International UNI-PERP-INTX	+0.0312%	1h	9.1930	+0.229%	$1.1M	$4.7M	50x	as long as short
Reya UNIRUSDPERP	+0.0369%	1h	9.1862	+0.155%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.1920	+0.218%	$654K	—	120x	as long as short
Kraken Futures PF_UNIUSD	+0.0417%	1h	9.1989	+0.294%	$5.1M	$6.9M	50x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0511%	1h	9.1994	+0.299%	$597K	$188K	50x	as long as short
Lighter UNI	+0.0520%	1h	9.2032	+0.340%	$4.7M	$5.3M	15x	as long as short
Aftermath Perps UNIUSD	+0.0913%	1h	9.1562	−0.173%	$1K	$48K	10x	as long as short