Funding you earn now, next payment 09:00 UTC+0.0023%/8h= +2.5% APRpaid last 24h −0.004%
Price spread now: Binance against Deribit−0.089%7-day average −0.037% · you buy dearer than you sell
Net, funding: paid 7d − costs−$37as in the Funding arb table
Net, price: spread back to 7d avg − costs−$45as in the Price arb table
costs, in and out, $10k−$400.401% of the position
Funding, last 7 days+0.031%+$3 on $10k
+Price spread, last 4 days (all we have)−0.748%−$75 · spread now −0.089%, 7d avg −0.037%
=Funding pays, the price is against you. Binance is 0.052% cheaper against Deribit than usual: you would sell low and buy high (spread −0.089% now, against its 7-day average of −0.037%). If the spread goes back, that is −$5 on $10k: about 7.5 days of funding at the current rate (+$1 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit UNI_USDC-PERPETUAL | 8.9558 | 0.0077 | pay 0.0010% / 1h | 45m 52s | $593K | $273K | 50x |
| Short | Binance UNIUSDT | 8.9478 | 0.0100 | get 0.0100% / 8h | 7h 45m | $217.7M | $653.3M | 75x |
Deribit UNI_USDC-PERPETUAL
Binance UNIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Deribit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $4.83
- Price spread: −0.089% → −0.037%
- −$5.18
- Slippage, 4 orders
- −$23.05
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$40.41
- Costs to cover
- 0.401%
- Break-even
- 65.6 days
Slippage from Deribit: live order book, 53 min ago; Binance: live order book, 13 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 Deribit live order book, 53 min ago | 7.71 bp | 12.7 bp −$13 | 21.2 bp −$212 | doesn't fit | doesn't fit |
| Sell Binance live order book, 13 min ago | 0.56 bp | 7.2 bp −$7 | 14.1 bp −$141 | 50.3 bp −$5,026 | 172.2 bp −$86.1K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Phemex UNIUSDT | −0.0170% | 8h | 8.9480 | −0.087% | $27.1M | $4.4M | 50x | as long as short |
| Kraken Futures PF_UNIUSD | −0.0062% | 1h | 8.9570 | +0.013% | $4.7M | $8.6M | 50x | as long as short |
| gTrade (Gains Network) UNI/USD | L +0.0004% / S −0.0005% | 1h | 8.9519 | −0.044% | $77K | — | 150x | as long as short |
| Injective UNI/USDC PERP | +0.0033% | 1h | 8.8300 | −1.404% | $660 | $153K | 12x | as long as short |
| Nado UNI-PERP | +0.0072% | 1h | 8.9540 | −0.020% | $732K | $4.7M | 10x | as long as short |
| Deribit UNI_USDC-PERPETUALlong | +0.0077% | 1h | 8.9558 | long leg | $593K | $273K | 50x | |
| Paradex UNI-USD-PERP | +0.0100% | 8h | 8.9478 | −0.089% | $26K | — | 20x | as long as short |
| Aster UNIUSDT | +0.0100% | 8h | 8.9519 | −0.043% | $728K | $3.2M | 50x | as long as short |
| Pacifica UNI | +0.0100% | 1h | 8.9530 | −0.031% | $291K | $568K | 10x | as long as short |
| Binance UNIUSDTshort | +0.0100% | 8h | 8.9478 | −0.089% | $217.7M | $653.3M | 75x |
Phemex UNIUSDT
Kraken Futures PF_UNIUSD
gTrade (Gains Network) UNI/USD
Injective UNI/USDC PERP
Nado UNI-PERP
Paradex UNI-USD-PERP
Aster UNIUSDT
Pacifica UNIShow all 40 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit UNIUSDT | +0.0100% | 8h | 8.9420 | −0.154% | $99.2M | $110.8M | 75x | as long as short |
| OKX UNI-USDT-SWAP | +0.0100% | 8h | 8.9380 | −0.199% | $54.8M | $263.5M | 50x | as long as short |
| Arcus UNI-USD | +0.0100% | 1h | 8.9620 | +0.069% | $324K | $701K | 10x | as long as short |
| Gate UNI_USDT | +0.0100% | 8h | 8.9470 | −0.098% | $26.8M | $62.6M | 75x | as long as short |
| MEXC UNI_USDT | +0.0100% | 8h | 8.9480 | −0.087% | $48.1M | $25.3M | 200x | as long as short |
| KuCoin UNIUSDTM | +0.0100% | 8h | 8.9470 | −0.098% | $13.1M | $13.3M | 75x | as long as short |
| Bitget UNIUSDT | +0.0100% | 8h | 8.9390 | −0.187% | $33.1M | $46.2M | 75x | as long as short |
| BingX UNI-USDT | +0.0100% | 8h | 8.9480 | −0.087% | — | $58.1M | — | as long as short |
| Variational Omni UNI | +0.0100% | 8h | 8.9470 | −0.098% | $4.1M | $4.0M | — | as long as short |
| edgeX UNIUSDC | +0.0100% | 4h | 8.9460 | −0.109% | $169K | $347K | 20x | as long as short |
| GRVT UNI_USDT_Perp | +0.0100% | 8h | 8.9609 | +0.057% | $633K | $2.6M | 10x | as long as short |
| ApeX Omni UNIUSDT | +0.0100% | 1h | 8.9570 | +0.014% | $90K | $709K | 50x | as long as short |
| StandX UNI-USD | +0.0100% | 1h | 8.9600 | +0.047% | $14K | $3.5M | 20x | as long as short |
| Polymarket Perps UNI-USD | +0.0100% | 1h | 8.9550 | −0.009% | $105K | $616K | 10x | as long as short |
| Orderly PERP_UNI_USDC | +0.0100% | 8h | 8.9490 | −0.076% | $17K | $2.3M | 10x | as long as short |
| SunX UNI-USDT | +0.0100% | 8h | 8.9552 | −0.006% | $37K | $1.3M | 30x | as long as short |
| SoDEX UNI-USD | +0.0100% | 1h | 8.9505 | −0.059% | $32K | $894K | 10x | as long as short |
| HTX UNI-USDT | +0.0100% | 8h | 8.9588 | +0.034% | $710K | $4.7M | 75x | as long as short |
| Extended UNI-USD | +0.0104% | 1h | 8.9450 | −0.121% | $300K | $1.8M | 25x | as long as short |
| Aevo UNI-PERP | +0.0104% | 1h | 8.9514 | −0.049% | $32K | — | 3x | as long as short |
| 01 Exchange UNIUSD | +0.0136% | 1h | 8.9592 | +0.038% | $447 | $5 | 10x | as long as short |
| Hyperliquid UNI | +0.0136% | 1h | 8.9483 | −0.084% | $95.5M | $67.7M | 10x | as long as short |
| Lighter UNI | +0.0152% | 1h | 8.9653 | +0.106% | $4.5M | $5.4M | 15x | as long as short |
| Coinbase International UNI-PERP-INTX | +0.0208% | 1h | 8.9580 | +0.025% | $932K | $5.5M | 50x | as long as short |
| BloFin UNI-USDT | +0.0220% | 8h | 8.9560 | +0.002% | $10.2M | $3.7M | 75x | as long as short |
| Backpack UNI_USDC_PERP | +0.0298% | 1h | 8.9566 | +0.009% | $1.1M | $2.5M | 10x | as long as short |
| GMX UNI/USD [UNI-USDC] | L +0.0381% / S −0.0243% | 1h | 8.9498 | −0.067% | $637K | — | 120x | as long as short |
| Reya UNIRUSDPERP | +0.0382% | 1h | 8.9480 | −0.087% | $16K | — | 20x | as long as short |
| Aftermath Perps UNIUSD | +0.0394% | 1h | 8.9427 | −0.146% | $1K | $52K | 10x | as long as short |
| dYdX UNI-USD | +0.0398% | 1h | 8.9535 | −0.026% | $235K | $31K | 10x | as long as short |
Bybit UNIUSDT
OKX UNI-USDT-SWAP
Arcus UNI-USD
Gate UNI_USDT
MEXC UNI_USDT
KuCoin UNIUSDTM
Bitget UNIUSDT
BingX UNI-USDT
Variational Omni UNI
edgeX UNIUSDC
GRVT UNI_USDT_Perp
ApeX Omni UNIUSDT
StandX UNI-USD
Polymarket Perps UNI-USD
Orderly PERP_UNI_USDC
SunX UNI-USDT
SoDEX UNI-USD
HTX UNI-USDT
Extended UNI-USD
Aevo UNI-PERP
01 Exchange UNIUSD
Hyperliquid UNI
Lighter UNI
Coinbase International UNI-PERP-INTX
BloFin UNI-USDT
Backpack UNI_USDC_PERP
GMX UNI/USD [UNI-USDC]
Reya UNIRUSDPERP
Aftermath Perps UNIUSD
dYdX UNI-USD