Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Gate against ApeX Omni−0.461%81s7-day average −0.076% · you buy dearer than you sell

Net, funding: paid 7d − costs−$63as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$540.539% of the position

Long on ApeX Omni Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.095%−$9 on $10k

Price spread, last 4 days (all we have)+0.492%+$49 · spread now −0.461%, 7d avg −0.076%

Together, before fees+0.397%+$40 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: Gate is 0.385% cheaper against ApeX Omni than usual: you would sell low and buy high, −$39 on $10k if it goes back to its 7-day average of −0.076%. The two prices were read 81 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni UNIUSDT	8.8960	0.0100	pay 0.0013% / 1h	42m 15s	$91K	$705K	50x
Short	Gate UNI_USDT	8.8550	0.0100	get 0.0100% / 8h	2h 42m	$23.5M	$64.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.461%Rate

Funding earned: $0
Price spread: −0.461% → −0.076%: −$38.5
Slippage, 4 orders: −$28.85
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$92.36
Costs to cover: 0.539%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 6 min ago; Gate: 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, 6 min ago	6.17 bp	14.4 bp −$14	113.2 bp −$1,132	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	1.13 bp	10.5 bp −$10	19.7 bp −$197	38.9 bp −$3,885	60.0 bp −$30.0K

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
Nado UNI-PERP	−0.0145%	1h	8.8550	−0.461%	$802K	$4.7M	10x	as long as short
01 Exchange UNIUSD	−0.0080%	1h	8.8608	−0.396%	$442	$5	10x	as long as short
Kraken Futures PF_UNIUSD	−0.0017%	1h	8.8647	−0.352%	$4.8M	$8.5M	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0007%	1h	8.8601	−0.403%	$48K	—	150x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0022%	1h	8.8651	−0.347%	$568K	$202K	50x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−0.742%	$660	$153K	12x	as long as short
Polymarket Perps UNI-USD	+0.0084%	1h	8.8578	−0.429%	$99K	$499K	10x	as long as short
Lighter UNI	+0.0096%	1h	8.8637	−0.363%	$4.5M	$5.5M	15x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8610	−0.393%	$25K	—	20x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.8639	−0.361%	$752K	$3.6M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica UNI	+0.0100%	1h	8.8640	−0.360%	$284K	$612K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.8552	−0.458%	$215.3M	$658.0M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	8.8520	−0.495%	$99.0M	$112.5M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	8.8500	−0.517%	$53.7M	$262.4M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.8700	−0.292%	$330K	$686K	10x	as long as short
Gate UNI_USDTshort	+0.0100%	8h	8.8550	−0.461%	$23.5M	$64.6M	75x
MEXC UNI_USDT	+0.0100%	8h	8.8550	−0.461%	$46.6M	$26.3M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.8600	−0.405%	$13.2M	$13.4M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8520	−0.495%	$32.6M	$46.5M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.8540	−0.472%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8600	−0.405%	$1.0M	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	8.8829	−0.147%	$4.1M	$4.2M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8945	−0.016%	$168K	$346K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8871	−0.100%	$620K	$2.8M	10x	as long as short
ApeX Omni UNIUSDTlong	+0.0100%	1h	8.8960	long leg	$91K	$705K	50x
StandX UNI-USD	+0.0100%	1h	8.8970	+0.011%	$15K	$3.4M	20x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8640	−0.360%	$16K	$1.6M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.8638	−0.362%	$36K	$1.4M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.8600	−0.405%	$22K	$852K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.8734	−0.254%	$707K	$5.0M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8600	−0.405%	$26.8M	$4.3M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8548	−0.463%	$296K	$1.7M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8595	−0.410%	$31K	—	3x	as long as short
dYdX UNI-USD	+0.0126%	1h	8.8674	−0.321%	$233K	$31K	10x	as long as short
Hyperliquid UNI	+0.0130%	1h	8.8642	−0.357%	$94.4M	$66.5M	10x	as long as short
Coinbase International UNI-PERP-INTX	+0.0184%	1h	8.8650	−0.348%	$928K	$5.8M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.8560	−0.450%	$10.0M	$3.6M	75x	as long as short
Reya UNIRUSDPERP	+0.0376%	1h	8.8565	−0.444%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	8.8611	−0.392%	$630K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0645%	1h	8.8869	−0.102%	$865	$45K	10x	as long as short