Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Bitget against edgeX+1.180%104s7-day average −0.041% · you sell dearer than you buy

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$320.324% of the position

Long on edgeX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.077%−$8 on $10k

Price spread, last 4 days (all we have)−1.218%−$122 · spread now +1.180%, 7d avg −0.041%

Together, before fees−1.295%+ Points / potential airdropedgeX: Active · farm board−$130 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: Bitget is 1.220% dearer against edgeX than usual: you sell high and buy low, +$122 on $10k if it goes back to its 7-day average of −0.041%. The two prices were read 104 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX UNIUSDC	8.8793	0.0100	pay 0.0050% / 4h	2h 15m	$168K	$345K	20x
Short	Bitget UNIUSDT	8.9840	0.0100	get 0.0100% / 8h	2h 15m	$33.2M	$45.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against edgeX. 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 edgeXbpFee BitgetbpOrdersPrice spread, now +1.180%Rate

Funding earned: $0
Price spread: +1.180% → −0.041%: $122.01
Slippage, 4 orders: −$11.37
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Bitget: 6 bp × 2 orders: −$12
Net: $89.65
Costs to cover: 0.324%
Break-even: from the start

Slippage from edgeX: live order book, 33 min ago; Bitget: 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 edgeX live order book, 33 min ago	2.25 bp	6.7 bp −$7	16.9 bp −$169	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	1.11 bp	9.3 bp −$9	15.6 bp −$156	36.4 bp −$3,641	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
Nado UNI-PERP	−0.0056%	1h	8.9710	+1.033%	$821K	$4.6M	10x	as long as short
Kraken Futures PF_UNIUSD	−0.0017%	1h	8.9742	+1.069%	$4.8M	$8.5M	50x	as long as short
01 Exchange UNIUSD	−0.0008%	1h	8.9736	+1.062%	$448	$5	10x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0007%	1h	8.9728	+1.054%	$49K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−0.555%	$660	$153K	12x	as long as short
Polymarket Perps UNI-USD	+0.0091%	1h	8.9728	+1.053%	$105K	$556K	10x	as long as short
Lighter UNI	+0.0096%	1h	8.9976	+1.333%	$4.5M	$5.6M	15x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.9644	+0.959%	$26K	—	20x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.9900	+1.247%	$746K	$3.6M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.9678	+0.997%	$287K	$612K	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	8.9845	+1.185%	$219.3M	$657.2M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	8.9750	+1.078%	$100.3M	$111.6M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	8.9790	+1.123%	$54.8M	$266.8M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.9810	+1.146%	$320K	$703K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.9790	+1.123%	$24.6M	$66.3M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.9790	+1.123%	$49.5M	$27.2M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.9800	+1.135%	$13.0M	$13.4M	75x	as long as short
Bitget UNIUSDTshort	+0.0100%	8h	8.9840	+1.180%	$33.2M	$45.6M	75x
BingX UNI-USDC	+0.0100%	8h	8.9770	+1.101%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.9819	+1.156%	$1.1M	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	8.9660	+0.977%	$4.1M	$4.2M	—	as long as short
edgeX UNIUSDClong	+0.0100%	4h	8.8793	long leg	$168K	$345K	20x
GRVT UNI_USDT_Perp	+0.0100%	8h	8.9630	+0.943%	$621K	$2.8M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.9610	+0.921%	$90K	$708K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.9510	+0.808%	$16K	$3.5M	20x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.9700	+1.022%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.9789	+1.122%	$37K	$1.4M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.9717	+1.041%	$32K	$865K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.9860	+1.202%	$714K	$5.0M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.9680	+0.999%	$27.1M	$4.5M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.9751	+1.080%	$301K	$1.7M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.9720	+1.044%	$32K	—	3x	as long as short
Hyperliquid UNI	+0.0153%	1h	8.9991	+1.350%	$95.8M	$66.2M	10x	as long as short
dYdX UNI-USD	+0.0167%	1h	8.9865	+1.207%	$237K	$31K	10x	as long as short
Coinbase International UNI-PERP-INTX	+0.0184%	1h	8.9830	+1.168%	$944K	$5.6M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.9520	+0.819%	$10.1M	$3.7M	75x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0249%	1h	8.9763	+1.093%	$575K	$202K	50x	as long as short
Reya UNIRUSDPERP	+0.0377%	1h	8.9738	+1.064%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0243%	1h	8.9723	+1.048%	$638K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0473%	1h	8.9220	+0.482%	$1K	$54K	10x	as long as short