Settings8H · net · $10k
Funding arb · Price arb /

UNI

all UNI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0036%/8h= +3.9% APRnext payment +$0.04 per $10,000 · paid last 24h 0.000%
Price spread now: Deribit against ApeX Omni−0.143%7-day average −0.015% · you buy dearer than you sell
Net, funding: paid 7d − costs−$64as in the Funding arb table
Net, price: spread back to 7d avg − costs−$68as in the Price arb table
costs, in and out, $10k−$550.551% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.091%−$9 on $10k
Price spread, last 4 days (all we have)+0.502%+$50 · spread now −0.143%, 7d avg −0.015%
Together, before fees+0.411%+$41 on $10k · with fees, hour by hour
Funding pays, the price is against you. Deribit is 0.128% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.143% now, against its 7-day average of −0.015%). If the spread goes back, that is −$13 on $10k: about 12 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.091%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni UNIUSDT8.86000.0100pay 0.0013% / 1h23m 10s$89K$707K50x
ShortDeribit UNI_USDC-PERPETUAL8.84740.0136get 0.0017% / 1h23m 10s$566K$204K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Deribit 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

Funding earned
$7.56
Price spread: −0.143% → −0.015%
−$12.76
Slippage, 4 orders
−$38.12
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Deribit: 3.5 bp × 2 orders
−$7
Net
−$60.32
Costs to cover
0.551%
Break-even
62.9 days
Slippage from ApeX Omni: live order book, 25 min ago; Deribit: live order book, 26 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 ApeX Omni live order book, 25 min ago6.17 bp14.4 bp −$14113.2 bp −$1,132doesn't fitdoesn't fit
Sell Deribit live order book, 26 min ago6.95 bp11.8 bp −$1220.5 bp −$205doesn'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
Nado UNI-PERP−0.0071%1h8.8320−0.316%$817K$4.7M10xas long as short
01 Exchange UNIUSD−0.0024%1h8.8401−0.225%$441$510xas long as short
Kraken Futures PF_UNIUSD−0.0017%1h8.8462−0.156%$4.7M$8.6M50xas long as short
gTrade (Gains Network) UNI/USDL +0.0004% / S −0.0007%1h8.8429−0.193%$48K150xas long as short
Injective UNI/USDC PERP+0.0033%1h8.8300−0.339%$660$153K12xas long as short
Polymarket Perps UNI-USD+0.0093%1h8.8378−0.251%$103K$525K10xas long as short
Lighter UNI+0.0096%1h8.8568−0.036%$4.4M$5.6M15xas long as short
Paradex UNI-USD-PERP+0.0100%8h8.8425−0.197%$25K20xas long as short
Aster UNIUSDT+0.0100%8h8.8502−0.111%$748K$3.6M50xas long as short
Pacifica UNI+0.0100%1h8.8476−0.140%$284K$616K10xas long as short
Show all 40 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance UNIUSDT+0.0100%8h8.8580−0.023%$216.3M$663.3M75xas long as short
Bybit UNIUSDT+0.0100%8h8.8440−0.181%$98.9M$112.8M75xas long as short
OKX UNI-USDT-SWAP+0.0100%8h8.8470−0.147%$54.1M$264.3M50xas long as short
Arcus UNI-USD+0.0100%1h8.8450−0.169%$315K$700K10xas long as short
Gate UNI_USDT+0.0100%8h8.8470−0.147%$24.1M$65.8M75xas long as short
MEXC UNI_USDT+0.0100%8h8.8470−0.147%$49.1M$27.0M200xas long as short
KuCoin UNIUSDTM+0.0100%8h8.8480−0.135%$12.9M$13.6M75xas long as short
Bitget UNIUSDT+0.0100%8h8.8470−0.147%$32.4M$46.7M75xas long as short
BingX UNI-USDC+0.0100%8h8.8490−0.124%$6.5Mas long as short
Backpack UNI_USDC_PERP+0.0100%1h8.8558−0.047%$1.1M$2.4M10xas long as short
Variational Omni UNI+0.0100%8h8.8380−0.248%$4.1M$4.2Mas long as short
edgeX UNIUSDC+0.0100%4h8.8556−0.050%$167K$344K20xas long as short
GRVT UNI_USDT_Perp+0.0100%8h8.8450−0.169%$621K$2.8M10xas long as short
ApeX Omni UNIUSDTlong+0.0100%1h8.8600long leg$89K$707K50x
StandX UNI-USD+0.0100%1h8.8630+0.034%$15K$3.5M20xas long as short
Orderly PERP_UNI_USDC+0.0100%8h8.8450−0.169%$16K$1.6M10xas long as short
SunX UNI-USDT+0.0100%8h8.8525−0.085%$36K$1.4M30xas long as short
SoDEX UNI-USD+0.0100%1h8.8452−0.167%$32K$874K10xas long as short
HTX UNI-USDT+0.0100%8h8.8467−0.150%$711K$5.0M75xas long as short
Phemex UNIUSDT+0.0100%8h8.8500−0.113%$26.7M$4.5M50xas long as short
Extended UNI-USD+0.0104%1h8.8371−0.259%$298K$1.7M25xas long as short
Aevo UNI-PERP+0.0104%1h8.8446−0.173%$31K3xas long as short
Hyperliquid UNI+0.0124%1h8.8587−0.015%$94.2M$65.9M10xas long as short
Deribit UNI_USDC-PERPETUALshort+0.0136%1h8.8474−0.143%$566K$204K50x
dYdX UNI-USD+0.0180%1h8.8482−0.133%$233K$31K10xas long as short
Coinbase International UNI-PERP-INTX+0.0184%1h8.8410−0.214%$922K$5.8M50xas long as short
BloFin UNI-USDT+0.0220%8h8.8400−0.226%$10.0M$3.6M75xas long as short
Reya UNIRUSDPERP+0.0377%1h8.8377−0.251%$16K20xas long as short
GMX UNI/USD [UNI-USDC]L +0.0381% / S −0.0244%1h8.8430−0.192%$629K120xas long as short
Aftermath Perps UNIUSD+0.0669%1h8.8598−0.003%$968$45K10xas long as short