Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0116%/8h= +12.7% APRpaid last 24h +0.032%

Price spread now: BloFin against Extended−0.053%74s7-day average +0.083% · you buy dearer than you sell

Net, funding: paid 7d − costs−$19as 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−$330.335% of the position

Long on Extended Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.144%+$14 on $10k

Price spread, last 4 days (all we have)+0.272%+$27 · spread now −0.053%, 7d avg +0.083%

Together, before fees+0.415%+ Points / potential airdropExtended: Active · farm board+$42 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.136% cheaper against Extended than usual: you would sell low and buy high (spread −0.053% now, against its 7-day average of +0.083%). If the spread goes back, that is −$14 on $10k: about 3.9 days of funding at the current rate (+$3 a day). The two prices were read 74 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	Extended UNI-USD	9.1158	0.0104	pay 0.0013% / 1h	19m 50s	$294K	$1.6M	25x
Short	BloFin UNI-USDT	9.1110	0.0220	get 0.0220% / 8h	4h 19m	$10.3M	$3.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Extended. 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 ExtendedbpFee BloFinbpOrdersPrice spread, now −0.053%Rate

Funding earned: $24.36
Price spread: −0.053% → +0.083%: −$13.64
Slippage, 4 orders: −$16.45
Fee Extended: 2.5 bp × 2 orders: −$5
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$22.73
Costs to cover: 0.335%
Break-even: 13.5 days

Slippage from Extended: live order book, 4 min ago; BloFin: live order book, 4 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 Extended live order book, 4 min ago	1.27 bp	3.9 bp −$4	9.1 bp −$91	doesn't fit	doesn't fit
Sell BloFin live order book, 4 min ago	4.97 bp	11.7 bp −$12	17.9 bp −$179	45.7 bp −$4,570	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
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	9.1146	−0.013%	$37K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−3.136%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0064%	1h	9.1105	−0.059%	$455	$5	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.1105	−0.059%	$972K	$4.4M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.1220	+0.068%	$833K	$3.5M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.1066	−0.102%	$295K	$599K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.1143	−0.017%	$224.2M	$637.1M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.1100	−0.064%	$102.4M	$111.0M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.1110	−0.053%	$55.6M	$262.7M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.1270	+0.122%	$316K	$651K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate UNI_USDT	+0.0100%	8h	9.1140	−0.020%	$23.7M	$63.8M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.1170	+0.013%	$48.1M	$25.4M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.1160	+0.002%	$13.7M	$13.2M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.1020	−0.152%	$33.6M	$44.8M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.1160	+0.002%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.1234	+0.083%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.0948	−0.231%	$4.3M	$4.1M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.0652	−0.555%	$171K	$345K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0770	−0.426%	$643K	$2.8M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0730	−0.470%	$93K	$700K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.1040	−0.130%	$15K	$3.4M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.1124	−0.038%	$88K	$427K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.1190	+0.035%	$16K	$1.5M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.1294	+0.149%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.1225	+0.073%	$22K	$791K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.1300	+0.155%	$730K	$4.7M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.1210	+0.057%	$27.6M	$4.4M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.1038	−0.132%	$26K	—	20x	as long as short
Extended UNI-USDlong	+0.0104%	1h	9.1158	long leg	$294K	$1.6M	25x
Aevo UNI-PERP	+0.0104%	1h	9.1215	+0.062%	$32K	—	3x	as long as short
dYdX UNI-USD	+0.0137%	1h	9.1022	−0.150%	$240K	$30K	10x	as long as short
Lighter UNI	+0.0176%	1h	9.1356	+0.217%	$4.6M	$5.8M	15x	as long as short
BloFin UNI-USDTshort	+0.0220%	8h	9.1110	−0.053%	$10.3M	$3.6M	75x
Coinbase International UNI-PERP-INTX	+0.0248%	1h	9.1270	+0.122%	$1.1M	$5.7M	50x	as long as short
Kraken Futures PF_UNIUSD	+0.0268%	1h	9.1292	+0.147%	$5.1M	$7.9M	50x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0331%	1h	9.1248	+0.098%	$585K	$193K	50x	as long as short
Hyperliquid UNI	+0.0346%	1h	9.1157	−0.001%	$98.8M	$62.4M	10x	as long as short
Reya UNIRUSDPERP	+0.0373%	1h	9.1086	−0.079%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.1146	−0.014%	$649K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0965%	1h	9.0816	−0.376%	$900	$46K	10x	as long as short