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Funding arb · Price arb /

UNI

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 00:00 UTC+0.0041%/8h= +4.5% APRnext payment +$0.41 per $10,000 · paid last 24h +0.025%
Price spread now: Phemex against OKX0.000%7-day average +0.060% · you sell dearer than you buy
Net, funding: paid 7d − costs−$38as in the Funding arb table
Net, price: spread back to 7d avg − costs−$49as in the Price arb table
costs, in and out, $10k−$430.429% of the position
Long on OKXShort on Phemex
What this pair did over the last
the charts below follow
Funding, last 7 days+0.051%+$5 on $10k
Price spread, last 3 days (all we have)+0.303%+$30 · spread now 0.000%, 7d avg +0.060%
Together, before fees+0.354%+$35 on $10k · with fees, hour by hour
Funding pays, the price is against you. Phemex is 0.060% cheaper against OKX than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.060%). If the spread goes back, that is −$6 on $10k: about 4.9 days of funding at the current rate (+$1 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX UNI-USDT-SWAP8.96100.0059pay 0.0059% / 8h1h 05m$55.4M$247.7M50x
ShortPhemex UNIUSDT8.96100.0100get 0.0100% / 8h1h 05m$27.0M$4.4M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phemex 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

Funding earned
$8.54
Price spread: 0.000% → +0.060%
−$6.04
Slippage, 4 orders
−$20.91
Fee OKX: 5 bp × 2 orders
−$10
Fee Phemex: 6 bp × 2 orders
−$12
Net
−$40.41
Costs to cover
0.429%
Break-even
40.1 days
Slippage from OKX: live order book, 4 min ago; Phemex: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy OKX live order book, 4 min ago0.56 bp8.2 bp −$814.1 bp −$14153.8 bp −$5,383doesn't fit
Sell Phemex live order book, 4 min ago3.36 bp13.6 bp −$1423.7 bp −$237doesn't fitdoesn't fit

UNI on 40 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni UNI−0.0030%8h8.9413−0.220%$4.0M$4.6M—as long as short
gTrade (Gains Network) UNI/USDL +0.0004% / S −0.0004%1h8.9634+0.027%$62K—150xas long as short
Bybit UNIUSDT+0.0019%8h8.9600−0.011%$102.3M$104.8M75xas long as short
Injective UNI/USDC PERP+0.0033%1h8.8300−1.462%$660$155K12xas long as short
OKX UNI-USDT-SWAPlong+0.0059%8h8.9610long leg$55.4M$247.7M50x
01 Exchange UNIUSD+0.0080%1h8.9688+0.087%$448—10xas long as short
Paradex UNI-USD-PERP+0.0100%8h8.9611+0.001%$26K—20xas long as short
Nado UNI-PERP+0.0100%1h8.9567−0.047%$947K$4.1M10xas long as short
Aster UNIUSDT+0.0100%8h8.9684+0.083%$1.0M$3.3M50xas long as short
Pacifica UNI+0.0100%1h8.9605−0.006%$298K$584K10xas long as short
Show all 40 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance UNIUSDT+0.0100%8h8.9570−0.045%$220.5M$591.1M75xas long as short
Arcus UNI-USD+0.0100%1h8.9720+0.123%$277K$621K10xas long as short
Gate UNI_USDT+0.0100%8h8.9570−0.045%$23.1M$59.0M75xas long as short
MEXC UNI_USDT+0.0100%8h8.9570−0.045%$43.3M$24.6M200xas long as short
KuCoin UNIUSDTM+0.0100%8h8.9570−0.045%$13.6M$13.8M75xas long as short
Bitget UNIUSDT+0.0100%8h8.9530−0.089%$32.4M$41.3M75xas long as short
BingX UNI-USDC+0.0100%8h8.9530−0.089%—$6.5M—as long as short
Backpack UNI_USDC_PERP+0.0100%1h8.9633+0.026%$995K$2.3M10xas long as short
edgeX UNIUSDC+0.0100%4h8.9307−0.338%$168K$344K20xas long as short
GRVT UNI_USDT_Perp+0.0100%8h8.9280−0.368%$628K$2.5M10xas long as short
ApeX Omni UNIUSDT+0.0100%1h8.9370−0.268%$88K$713K50xas long as short
StandX UNI-USD+0.0100%1h8.9380−0.257%$107K$3.2M20xas long as short
Polymarket Perps UNI-USD+0.0100%1h8.9654+0.049%$87K$356K10xas long as short
Orderly PERP_UNI_USDC+0.0100%8h8.9640+0.033%$16K$1.7M10xas long as short
SunX UNI-USDT+0.0100%8h8.9692+0.092%$36K$1.3M30xas long as short
SoDEX UNI-USD+0.0100%1h8.9590−0.022%$25K$663K10xas long as short
Deribit UNI_USDC-PERPETUAL+0.0100%1h8.9678+0.076%$570K$157K50xas long as short
HTX UNI-USDT+0.0100%8h8.9714+0.116%$734K$4.3M75xas long as short
Phemex UNIUSDTshort+0.0100%8h8.96100.000%$27.0M$4.4M50x
Extended UNI-USD+0.0104%1h8.9603−0.008%$302K$1.5M25xas long as short
Aevo UNI-PERP+0.0104%1h8.9742+0.147%$32K$1K3xas long as short
dYdX UNI-USD+0.0119%1h8.9557−0.060%$248K$6K10xas long as short
BloFin UNI-USDT+0.0220%8h8.9620+0.011%$9.9M$3.4M75xas long as short
Coinbase International UNI-PERP-INTX+0.0224%1h8.9670+0.067%$1.1M$5.4M50xas long as short
Kraken Futures PF_UNIUSD+0.0338%1h8.9660+0.056%$5.0M$7.0M50xas long as short
Reya UNIRUSDPERP+0.0363%1h8.9605−0.006%$16K—20xas long as short
GMX UNI/USD [UNI-USDC]L +0.0380% / S −0.0320%1h8.9633+0.026%$563K—120xas long as short
Hyperliquid UNI+0.0451%1h8.9698+0.098%$98.8M$59.3M10xas long as short
Lighter UNI+0.0656%1h8.9782+0.192%$4.6M$5.2M15xas long as short
Aftermath Perps UNIUSD+0.0663%1h8.9393−0.242%$1K$49K10xas long as short