Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.003%

Price spread now: Backpack against ApeX Omni−0.146%7-day average −0.027% · you buy dearer than you sell

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs−$51as in the Price arb table

costs, in and out, $10k−$400.396% of the position

Long on ApeX Omni Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.151%−$15 · spread now −0.146%, 7d avg −0.027%

Together, before fees−0.151%−$15 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: Backpack is 0.118% cheaper against ApeX Omni than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of −0.027%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni UNIUSDT	9.0020	0.0100	pay 0.0013% / 1h	32m 29s	$88K	$706K	50x
Short	Backpack UNI_USDC_PERP	8.9889	0.0100	get 0.0013% / 1h	32m 29s	$983K	$2.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against ApeX Omni. 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 ApeX OmnibpFee BackpackbpOrdersPrice spread, now −0.146%Rate

Funding earned: $0
Price spread: −0.146% → −0.027%: −$11.84
Slippage, 4 orders: −$19.58
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$51.42
Costs to cover: 0.396%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 36 min ago; Backpack: live order book, 2 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 ApeX Omni live order book, 36 min ago	6.02 bp	13.4 bp −$13	108.6 bp −$1,086	doesn't fit	doesn't fit
Sell Backpack live order book, 2 min ago	0.06 bp	6.8 bp −$7	651.9 bp −$6,519	doesn't fit	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
Deribit UNI_USDC-PERPETUAL	0.0000%	1h	8.9910	−0.122%	$584K	$201K	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	8.9887	−0.148%	$19K	—	150x	as long as short
01 Exchange UNIUSD	+0.0024%	1h	9.0310	+0.322%	$451	—	10x	as long as short
dYdX UNI-USD	+0.0024%	1h	9.0226	+0.228%	$238K	$30K	10x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−1.911%	$660	$154K	12x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.0300	+0.311%	$932K	$4.3M	10x	as long as short
Hyperliquid UNI	+0.0100%	1h	9.0401	+0.423%	$98.1M	$60.0M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.0257	+0.263%	$1.0M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.0231	+0.235%	$295K	$580K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.0318	+0.331%	$225.4M	$612.5M	75x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit UNIUSDT	+0.0100%	8h	9.0280	+0.289%	$101.0M	$107.8M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.0300	+0.311%	$55.6M	$254.4M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.0290	+0.300%	$286K	$633K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.0240	+0.244%	$23.0M	$58.4M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0210	+0.211%	$49.4M	$26.1M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0030	+0.011%	$13.4M	$13.8M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0280	+0.289%	$33.1M	$42.8M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	9.0220	+0.222%	—	$57.3M	—	as long as short
Backpack UNI_USDC_PERPshort	+0.0100%	1h	8.9889	−0.146%	$983K	$2.4M	10x
Variational Omni UNI	+0.0100%	8h	8.9961	−0.065%	$4.1M	$4.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.9955	−0.073%	$169K	$345K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0031	+0.013%	$631K	$2.6M	10x	as long as short
ApeX Omni UNIUSDTlong	+0.0100%	1h	9.0020	long leg	$88K	$706K	50x
StandX UNI-USD	+0.0100%	1h	8.9840	−0.200%	$55K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.0352	+0.369%	$86K	$410K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.9910	−0.122%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.9940	−0.089%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.9870	−0.167%	$21K	$715K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.9890	−0.144%	$714K	$4.2M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.9910	−0.122%	$27.1M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.0192	+0.191%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0192	+0.191%	$300K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.9913	−0.119%	$32K	—	3x	as long as short
Coinbase International UNI-PERP-INTX	+0.0312%	1h	8.9920	−0.111%	$1.1M	$4.7M	50x	as long as short
Reya UNIRUSDPERP	+0.0368%	1h	9.0288	+0.298%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	8.9884	−0.151%	$640K	—	120x	as long as short
Lighter UNI	+0.0408%	1h	9.0391	+0.412%	$4.6M	$5.3M	15x	as long as short
Kraken Futures PF_UNIUSD	+0.0427%	1h	8.9891	−0.143%	$5.0M	$6.9M	50x	as long as short
Aftermath Perps UNIUSD	+0.0963%	1h	8.9913	−0.119%	$1K	$48K	10x	as long as short