Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.009%

Price spread now: Bybit against OKX+0.033%7-day average −0.034% · you sell dearer than you buy

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$310.313% of the position

Long on OKX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.003%$0 on $10k

Price spread, last 7 days−0.081%−$8 · spread now +0.033%, 7d avg −0.034%

Together, before fees−0.077%−$8 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: Bybit is 0.067% dearer against OKX than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.034%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX UNI-USDT-SWAP	9.1450	0.0100	pay 0.0100% / 8h	6h 04m	$56.6M	$254.7M	50x
Short	Bybit UNIUSDT	9.1480	0.0100	get 0.0100% / 8h	6h 04m	$102.6M	$107.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against OKX. 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 OKXbpFee BybitbpOrdersPrice spread, now +0.033%Rate

Funding earned: $0
Price spread: +0.033% → −0.034%: $6.71
Slippage, 4 orders: −$10.27
Fee OKX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$24.56
Costs to cover: 0.313%
Break-even: never at this rate

Slippage from OKX: live order book, 5 min ago; Bybit: live order book, 5 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 OKX live order book, 5 min ago	0.55 bp	6.3 bp −$6	7.0 bp −$70	47.8 bp −$4,776	doesn't fit
Sell Bybit live order book, 5 min ago	0.55 bp	8.8 bp −$9	16.7 bp −$167	36.8 bp −$3,682	doesn't fit

UNI on 39 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 −0.0007%	1h	9.1563	+0.123%	$26K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−3.445%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0072%	1h	9.1646	+0.214%	$457	$5	10x	as long as short
dYdX UNI-USD	+0.0080%	1h	9.1545	+0.103%	$241K	$30K	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.1552	+0.112%	$972K	$4.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.1710	+0.284%	$1.1M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.1580	+0.142%	$299K	$568K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.1570	+0.131%	$229.2M	$608.3M	75x	as long as short
Bybit UNIUSDTshort	+0.0100%	8h	9.1480	+0.033%	$102.6M	$107.2M	75x
OKX UNI-USDT-SWAPlong	+0.0100%	8h	9.1450	long leg	$56.6M	$254.7M	50x

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus UNI-USD	+0.0100%	1h	9.1670	+0.241%	$290K	$640K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.1530	+0.087%	$23.5M	$59.4M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.1580	+0.142%	$49.7M	$26.4M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.1620	+0.186%	$13.9M	$12.9M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.1510	+0.066%	$33.6M	$42.5M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	9.1540	+0.098%	—	$56.9M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.1422	−0.031%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.1159	−0.318%	$4.2M	$4.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.1120	−0.361%	$172K	$345K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0830	−0.678%	$639K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.1140	−0.339%	$89K	$700K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.1340	−0.120%	$56K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.1623	+0.189%	$88K	$407K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.1490	+0.044%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.1716	+0.291%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.1500	+0.055%	$22K	$727K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.1678	+0.249%	$728K	$4.2M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.1500	+0.055%	$27.6M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.1504	+0.059%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.1434	−0.017%	$302K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.1495	+0.049%	$32K	—	3x	as long as short
Hyperliquid UNI	+0.0254%	1h	9.1735	+0.312%	$99.7M	$58.9M	10x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0271%	1h	9.1534	+0.092%	$594K	$188K	50x	as long as short
Coinbase International UNI-PERP-INTX	+0.0312%	1h	9.1590	+0.153%	$1.1M	$4.7M	50x	as long as short
Reya UNIRUSDPERP	+0.0369%	1h	9.1524	+0.081%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.1562	+0.123%	$652K	—	120x	as long as short
Kraken Futures PF_UNIUSD	+0.0419%	1h	9.1527	+0.084%	$5.1M	$6.9M	50x	as long as short
Lighter UNI	+0.0512%	1h	9.1694	+0.267%	$4.7M	$5.3M	15x	as long as short
Aftermath Perps UNIUSD	+0.0931%	1h	9.1251	−0.217%	$1K	$48K	10x	as long as short