Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0116%/8h= +12.7% APRpaid last 24h −0.030%

Price spread now: Bybit against 01 Exchange−0.080%7-day average — · you buy dearer than you sell

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

Long on 01 Exchange Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 4 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

Funding pays, the price is against you. Bybit is 0.080% cheaper against 01 Exchange than usual: you would sell low and buy high (spread −0.080% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 2.3 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange UNIUSD	8.8951	−0.0016	get 0.0002% / 1h	40m 23s	$444	$5	10x
Short	Bybit UNIUSDT	8.8880	0.0100	get 0.0100% / 8h	40m 23s	$98.5M	$111.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against 01 Exchange. 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 01 ExchangebpFee BybitbpOrdersPrice spread, now −0.080%Rate

Funding earned: $24.36
Price spread: −0.080% → 0.000%: −$7.98
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$1.62
Costs to cover: 0.180%
Break-even: 7.5 days

Slippage unknown: 01 Exchange: no order-book sample; Bybit: live order book, 4 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 01 Exchange no order-book sample	—	—	—	—	—
Sell Bybit live order book, 4 min ago	0.56 bp	7.7 bp −$8	16.3 bp −$163	39.3 bp −$3,928	doesn't fit

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
Kraken Futures PF_UNIUSD	−0.0306%	1h	8.8943	−0.009%	$4.7M	$8.6M	50x	as long as short
01 Exchange UNIUSDlong	−0.0016%	1h	8.8951	long leg	$444	$5	10x
Deribit UNI_USDC-PERPETUAL	0.0000%	1h	8.8947	−0.004%	$586K	$250K	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0007%	1h	8.8937	−0.016%	$49K	—	150x	as long as short
Nado UNI-PERP	+0.0028%	1h	8.8960	+0.010%	$732K	$4.7M	10x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−0.732%	$660	$153K	12x	as long as short
Polymarket Perps UNI-USD	+0.0072%	1h	8.8906	−0.051%	$106K	$616K	10x	as long as short
Lighter UNI	+0.0096%	1h	8.9050	+0.111%	$4.5M	$5.5M	15x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8951	+0.001%	$25K	—	20x	as long as short
Hyperliquid UNI	+0.0100%	1h	8.9035	+0.094%	$94.7M	$67.6M	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster UNIUSDT	+0.0100%	8h	8.8963	+0.014%	$728K	$3.6M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.8987	+0.040%	$288K	$600K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.8888	−0.070%	$214.9M	$657.0M	75x	as long as short
Bybit UNIUSDTshort	+0.0100%	8h	8.8880	−0.080%	$98.5M	$111.3M	75x
OKX UNI-USDT-SWAP	+0.0100%	8h	8.8870	−0.091%	$54.3M	$264.8M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.9070	+0.134%	$318K	$701K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.8910	−0.046%	$25.5M	$65.9M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.8940	−0.012%	$48.5M	$26.1M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.8930	−0.024%	$13.0M	$13.3M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8870	−0.091%	$32.5M	$45.4M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.8920	−0.035%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.9102	+0.170%	$1.1M	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	8.9018	+0.075%	$4.1M	$4.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.9048	+0.109%	$169K	$345K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.9002	+0.057%	$617K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.9060	+0.123%	$89K	$710K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.9100	+0.168%	$15K	$3.4M	20x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8900	−0.057%	$17K	$2.1M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.8960	+0.010%	$36K	$1.4M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.8880	−0.080%	$32K	$889K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.9266	+0.354%	$701K	$4.8M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.9050	+0.111%	$26.9M	$4.5M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8851	−0.113%	$288K	$1.7M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8890	−0.069%	$32K	—	3x	as long as short
Coinbase International UNI-PERP-INTX	+0.0200%	1h	8.9020	+0.078%	$926K	$5.5M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.9050	+0.111%	$10.0M	$3.6M	75x	as long as short
Reya UNIRUSDPERP	+0.0380%	1h	8.8849	−0.115%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0243%	1h	8.8934	−0.019%	$633K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0433%	1h	8.9061	+0.124%	$986	$53K	10x	as long as short
dYdX UNI-USD	+0.0609%	1h	8.9033	+0.092%	$234K	$30K	10x	as long as short