Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0268%/8h= −29.3% APRpaid last 24h −0.076%

Price spread now: Binance against Reya+0.046%7-day average — · you sell dearer than you buy

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

Long on Reya Short on Binance

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—+ Points / potential airdropReya: Active · farm boardneeds both histories

The price spread pays, funding is against you. Binance is 0.046% dearer against Reya than usual: you sell high and buy low (spread +0.046% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 14 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya UNIRUSDPERP	8.9478	0.0368	pay 0.0046% / 1h	42m 06s	$16K	—	20x
Short	Binance UNIUSDT	8.9520	0.0100	get 0.0100% / 8h	6h 42m	$223.1M	$610.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Reya. 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 ReyabpFee BinancebpOrdersPrice spread, now +0.046%Rate

Funding earned: −$56.21
Price spread: +0.046% → 0.000%: $4.63
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Binance: 5 bp × 2 orders: −$10
Net: −$67.57
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; Binance: live order book, 2 min ago. 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 Reya no order-book sample	—	—	—	—	—
Sell Binance live order book, 2 min ago	0.56 bp	8.5 bp −$9	11.5 bp −$115	41.9 bp −$4,194	145.1 bp −$72.6K

Reya: 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
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	8.9485	+0.008%	$37K	—	150x	as long as short
dYdX UNI-USD	+0.0024%	1h	8.9607	+0.144%	$236K	$30K	10x	as long as short
01 Exchange UNIUSD	+0.0032%	1h	8.9585	+0.119%	$447	—	10x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−1.317%	$660	$154K	12x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.9512	+0.038%	$929K	$4.3M	10x	as long as short
Hyperliquid UNI	+0.0100%	1h	8.9590	+0.125%	$97.4M	$60.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.9551	+0.082%	$1.0M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.9653	+0.195%	$294K	$582K	10x	as long as short
Binance UNIUSDTshort	+0.0100%	8h	8.9520	+0.046%	$223.1M	$610.8M	75x
Bybit UNIUSDT	+0.0100%	8h	8.9470	−0.009%	$100.1M	$107.9M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX UNI-USDT-SWAP	+0.0100%	8h	8.9460	−0.020%	$55.3M	$252.6M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.9650	+0.192%	$274K	$616K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.9520	+0.047%	$22.8M	$58.1M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.9530	+0.058%	$49.3M	$25.9M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.9530	+0.058%	$13.3M	$13.7M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.9440	−0.043%	$32.7M	$42.9M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.9530	+0.058%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.9504	+0.029%	$980K	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	8.9621	+0.160%	$4.1M	$4.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.9787	+0.346%	$169K	$345K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.9457	−0.024%	$621K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.9780	+0.337%	$88K	$706K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0090	+0.684%	$55K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.9582	+0.116%	$85K	$409K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.9500	+0.024%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.9554	+0.085%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.9485	+0.008%	$21K	$715K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.9597	+0.133%	$712K	$4.2M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.9530	+0.058%	$27.0M	$4.6M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.9584	+0.118%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	8.9438	−0.045%	$299K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.9507	+0.033%	$32K	—	3x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0157%	1h	8.9527	+0.054%	$579K	$187K	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.9940	+0.516%	$10.3M	$3.6M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0312%	1h	8.9520	+0.047%	$1.1M	$4.6M	50x	as long as short
Reya UNIRUSDPERPlong	+0.0368%	1h	8.9478	long leg	$16K	—	20x
GMX UNI/USD [UNI-USDC]	L +0.0382% / S −0.0245%	1h	8.9481	+0.004%	$639K	—	120x	as long as short
Lighter UNI	+0.0400%	1h	8.9656	+0.199%	$4.6M	$5.3M	15x	as long as short
Kraken Futures PF_UNIUSD	+0.0429%	1h	8.9485	+0.008%	$5.0M	$6.9M	50x	as long as short
Aftermath Perps UNIUSD	+0.1021%	1h	8.9891	+0.462%	$935	$49K	10x	as long as short