Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0092%/8h= −10.1% APRpaid last 24h +0.028%

Price spread now: 01 Exchange against Bybit+0.112%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Bybit Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. 01 Exchange is 0.112% dearer against Bybit than usual: you sell high and buy low (spread +0.112% now, against zero (this spread has no 7-day history yet)): +$11 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 4.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit UNIUSDT	8.9320	0.0100	pay 0.0100% / 8h	3h 24m	$100.2M	$111.9M	75x
Short	01 Exchange UNIUSD	8.9420	0.0008	get 0.0001% / 1h	24m 28s	$446	$5	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now +0.112%Rate

Funding earned: −$19.32
Price spread: +0.112% → 0.000%: $11.2
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$26.12
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 5 min ago; 01 Exchange: no order-book sample. Net counts fees only.

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, 5 min ago	0.56 bp	8.5 bp −$9	16.4 bp −$164	39.7 bp −$3,973	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 −0.0004%	1h	8.9486	+0.186%	$37K	—	150x	as long as short
01 Exchange UNIUSDshort	+0.0008%	1h	8.9420	+0.112%	$446	$5	10x
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−1.142%	$660	$154K	12x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0086%	1h	8.9541	+0.247%	$574K	$208K	50x	as long as short
Lighter UNI	+0.0096%	1h	8.9470	+0.168%	$4.5M	$5.9M	15x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.9389	+0.077%	$26K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.9325	+0.006%	$967K	$4.5M	10x	as long as short
Hyperliquid UNI	+0.0100%	1h	8.9436	+0.130%	$95.2M	$64.0M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.9413	+0.104%	$782K	$3.6M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.9423	+0.115%	$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	8.9380	+0.067%	$220.6M	$647.2M	75x	as long as short
Bybit UNIUSDTlong	+0.0100%	8h	8.9320	long leg	$100.2M	$111.9M	75x
OKX UNI-USDT-SWAP	+0.0100%	8h	8.9330	+0.011%	$54.6M	$260.5M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.9510	+0.213%	$312K	$656K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.9420	+0.112%	$23.9M	$64.0M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.9460	+0.157%	$47.8M	$26.0M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.9440	+0.134%	$13.2M	$13.3M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.9350	+0.034%	$33.2M	$45.4M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.9430	+0.123%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.9522	+0.226%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	8.9508	+0.211%	$4.2M	$4.2M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.9522	+0.226%	$169K	$344K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.9680	+0.403%	$623K	$2.8M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.9600	+0.313%	$92K	$702K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.9600	+0.313%	$15K	$3.4M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.9361	+0.046%	$86K	$437K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.9490	+0.190%	$16K	$1.4M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.9626	+0.343%	$37K	$1.4M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.9490	+0.190%	$29K	$817K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.9576	+0.287%	$701K	$4.9M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.9530	+0.235%	$27.1M	$4.4M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.9390	+0.078%	$284K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.9505	+0.207%	$32K	—	3x	as long as short
Coinbase International UNI-PERP-INTX	+0.0216%	1h	8.9560	+0.269%	$933K	$5.8M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.9490	+0.190%	$10.2M	$3.5M	75x	as long as short
Kraken Futures PF_UNIUSD	+0.0272%	1h	8.9534	+0.240%	$4.9M	$8.1M	50x	as long as short
dYdX UNI-USD	+0.0279%	1h	8.9424	+0.116%	$235K	$30K	10x	as long as short
Reya UNIRUSDPERP	+0.0375%	1h	8.9315	−0.005%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	8.9492	+0.192%	$637K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0784%	1h	8.9722	+0.450%	$949	$45K	10x	as long as short