Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0090%/8h= +9.9% APRpaid last 24h +0.009%

Price spread now: edgeX against Deribit−0.358%7-day average −0.050% · you buy dearer than you sell

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs−$73as in the Price arb table

costs, in and out, $10k−$430.426% of the position

Long on Deribit Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.122%+$12 on $10k

Price spread, last 3 days (all we have)+0.020%+$2 · spread now −0.358%, 7d avg −0.050%

Together, before fees+0.142%+ Points / potential airdropedgeX: Active · farm board+$14 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.308% cheaper against Deribit than usual: you would sell low and buy high (spread −0.358% now, against its 7-day average of −0.050%). If the spread goes back, that is −$31 on $10k: about 11 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit UNI_USDC-PERPETUAL	9.0088	0.0010	pay 0.0001% / 1h	21m 18s	$580K	$176K	50x
Short	edgeX UNIUSDC	8.9766	0.0100	get 0.0050% / 4h	21m 18s	$169K	$343K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Deribit. 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 DeribitbpFee edgeXbpOrdersPrice spread, now −0.358%Rate

Funding earned: $18.9
Price spread: −0.358% → −0.050%: −$30.82
Slippage, 4 orders: −$26.59
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$54.51
Costs to cover: 0.426%
Break-even: 27.2 days

Slippage from Deribit: live order book, 58 min ago; edgeX: live order book, 57 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, 58 min ago	6.97 bp	17.5 bp −$17	24.3 bp −$243	doesn't fit	doesn't fit
Sell edgeX live order book, 57 min ago	2.25 bp	7.5 bp −$8	20.8 bp −$208	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
Injective UNI/USDC PERP	−0.0049%	1h	8.8300	−1.985%	$660	$155K	12x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	9.0065	−0.026%	$62K	—	150x	as long as short
Deribit UNI_USDC-PERPETUALlong	+0.0010%	1h	9.0088	long leg	$580K	$176K	50x
Variational Omni UNI	+0.0063%	8h	9.0063	−0.028%	$4.1M	$4.4M	—	as long as short
OKX UNI-USDT-SWAP	+0.0093%	8h	9.0020	−0.075%	$55.1M	$249.9M	50x	as long as short
Bybit UNIUSDT	+0.0094%	8h	9.0030	−0.064%	$102.1M	$104.9M	75x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.0115	+0.030%	$956K	$4.2M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.0204	+0.128%	$1.0M	$3.3M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.0153	+0.072%	$298K	$593K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.0081	−0.007%	$222.9M	$590.1M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus UNI-USD	+0.0100%	1h	9.0190	+0.113%	$266K	$632K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.0110	+0.024%	$23.0M	$58.9M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0110	+0.024%	$43.8M	$24.1M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0120	+0.036%	$13.7M	$13.5M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0010	−0.087%	$32.9M	$42.0M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.0070	−0.020%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.0257	+0.188%	$1.0M	$2.4M	10x	as long as short
edgeX UNIUSDCshort	+0.0100%	4h	8.9766	−0.358%	$169K	$343K	20x
GRVT UNI_USDT_Perp	+0.0100%	8h	8.9890	−0.220%	$631K	$2.5M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.9810	−0.309%	$88K	$712K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.9830	−0.286%	$36K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.0126	+0.042%	$85K	$363K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.0060	−0.031%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.0171	+0.092%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.0049	−0.043%	$21K	$676K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.0213	+0.139%	$720K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.0070	−0.020%	$27.2M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.0094	+0.007%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0008	−0.089%	$303K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0064	−0.026%	$32K	$1K	3x	as long as short
01 Exchange UNIUSD	+0.0168%	1h	9.0152	+0.071%	$450	—	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.0100	+0.013%	$10.0M	$3.5M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0232%	1h	9.0130	+0.047%	$1.1M	$5.4M	50x	as long as short
dYdX UNI-USD	+0.0242%	1h	9.0161	+0.081%	$250K	$6K	10x	as long as short
Reya UNIRUSDPERP	+0.0364%	1h	9.0070	−0.020%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0382% / S −0.0323%	1h	9.0073	−0.017%	$570K	—	120x	as long as short
Hyperliquid UNI	+0.0501%	1h	9.0214	+0.140%	$99.0M	$59.1M	10x	as long as short
Kraken Futures PF_UNIUSD	+0.0562%	1h	9.0106	+0.020%	$5.0M	$7.0M	50x	as long as short
Aftermath Perps UNIUSD	+0.0815%	1h	9.0058	−0.033%	$1K	$49K	10x	as long as short
Lighter UNI	+0.0880%	1h	9.0288	+0.222%	$4.6M	$5.3M	15x	as long as short