Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0132%/8h= +14.5% APRpaid last 24h +0.005%

Price spread now: 01 Exchange against Phemex+0.098%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Phemex Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and 01 Exchange is 0.098% dearer against Phemex than usual: you sell high and buy low: +$10 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex UNIUSDT	9.0550	0.0100	pay 0.0100% / 8h	45m 55s	$27.3M	$4.5M	50x
Short	01 Exchange UNIUSD	9.0639	0.0232	get 0.0029% / 1h	45m 55s	$452	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange against Phemex. 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 PhemexbpFee 01 ExchangebpOrdersPrice spread, now +0.098%Rate

Funding earned: $27.72
Price spread: +0.098% → 0.000%: $9.83
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: $18.55
Costs to cover: 0.190%
Break-even: 2.3 days

Slippage unknown: Phemex: live order book, 3 min ago; 01 Exchange: no order-book sample. Net counts fees only.

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 Phemex live order book, 3 min ago	10.39 bp	24.4 bp −$24	60.3 bp −$603	doesn't fit	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−2.485%	$660	$155K	12x	as long as short
Variational Omni UNI	+0.0002%	8h	9.1084	+0.589%	$4.0M	$4.3M	—	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	9.0514	−0.040%	$63K	—	150x	as long as short
Bybit UNIUSDT	+0.0056%	8h	9.0490	−0.066%	$103.3M	$104.4M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0084%	8h	9.0470	−0.088%	$55.6M	$250.2M	50x	as long as short
dYdX UNI-USD	+0.0089%	1h	9.0598	+0.053%	$251K	$6K	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.0550	0.000%	$969K	$4.1M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.0609	+0.065%	$1.0M	$3.3M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.0664	+0.126%	$301K	$586K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.0526	−0.027%	$224.0M	$588.6M	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	9.0720	+0.188%	$280K	$620K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.0510	−0.044%	$23.2M	$58.2M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0540	−0.011%	$43.6M	$23.9M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0540	−0.011%	$13.7M	$13.5M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0440	−0.121%	$32.9M	$41.9M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	9.0510	−0.044%	—	$51.9M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.1605	+1.165%	$172K	$344K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.1401	+0.940%	$646K	$2.5M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.1120	+0.629%	$90K	$713K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0660	+0.121%	$36K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.0617	+0.074%	$88K	$356K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.0510	−0.044%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.0620	+0.077%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.0565	+0.017%	$25K	$669K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.0678	+0.141%	$739K	$4.3M	75x	as long as short
Phemex UNIUSDTlong	+0.0100%	8h	9.0550	long leg	$27.3M	$4.5M	50x
Paradex UNI-USD-PERP	+0.0100%	8h	9.0546	−0.004%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0474	−0.084%	$313K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0587	+0.041%	$32K	$1K	3x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0107%	1h	9.0561	+0.012%	$583K	$175K	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.0640	+0.099%	$10.0M	$3.5M	75x	as long as short
Backpack UNI_USDC_PERP	+0.0231%	1h	9.0628	+0.086%	$1.0M	$2.4M	10x	as long as short
01 Exchange UNIUSDshort	+0.0232%	1h	9.0639	+0.098%	$452	—	10x
Coinbase International UNI-PERP-INTX	+0.0232%	1h	9.0670	+0.133%	$1.1M	$5.4M	50x	as long as short
Reya UNIRUSDPERP	+0.0363%	1h	9.0590	+0.044%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0380% / S −0.0320%	1h	9.0510	−0.045%	$569K	—	120x	as long as short
Kraken Futures PF_UNIUSD	+0.0558%	1h	9.0623	+0.080%	$5.1M	$7.0M	50x	as long as short
Aftermath Perps UNIUSD	+0.0788%	1h	9.0764	+0.236%	$1K	$49K	10x	as long as short
Hyperliquid UNI	+0.0857%	1h	9.0671	+0.134%	$99.9M	$59.0M	10x	as long as short
Lighter UNI	+0.1104%	1h	9.0710	+0.177%	$4.6M	$5.2M	15x	as long as short