Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.018%

Price spread now: OKX against ApeX Omni−0.802%60s7-day average −0.102% · you buy dearer than you sell

Net, funding: paid 7d − costs−$52as 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−$440.437% of the position

Long on ApeX Omni Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.087%−$9 on $10k

Price spread, last 4 days (all we have)+0.667%+$67 · spread now −0.802%, 7d avg −0.102%

Together, before fees+0.580%+$58 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: OKX is 0.700% cheaper against ApeX Omni than usual: you would sell low and buy high, −$70 on $10k if it goes back to its 7-day average of −0.102%. The two prices were read 60 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	9.1040	0.0100	pay 0.0013% / 1h	56m 29s	$96K	$701K	50x
Short	OKX UNI-USDT-SWAP	9.0310	0.0100	get 0.0100% / 8h	3h 56m	$55.0M	$261.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.802%Rate

Funding earned: $0
Price spread: −0.802% → −0.102%: −$70.02
Slippage, 4 orders: −$23.66
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$113.68
Costs to cover: 0.437%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 62 min ago; OKX: live order book, 3 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, 62 min ago	6.04 bp	13.2 bp −$13	93.6 bp −$936	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	0.55 bp	10.0 bp −$10	16.8 bp −$168	50.0 bp −$4,999	doesn't fit

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	9.0396	−0.707%	$37K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−3.010%	$660	$154K	12x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0067%	1h	9.0525	−0.566%	$580K	$208K	50x	as long as short
01 Exchange UNIUSD	+0.0080%	1h	9.0336	−0.773%	$451	$5	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.0315	−0.796%	$967K	$4.4M	10x	as long as short
Hyperliquid UNI	+0.0100%	1h	9.0409	−0.693%	$97.8M	$62.5M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.0325	−0.786%	$813K	$3.5M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.0307	−0.805%	$292K	$602K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.0360	−0.747%	$222.0M	$640.6M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.0290	−0.824%	$101.5M	$111.5M	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-SWAPshort	+0.0100%	8h	9.0310	−0.802%	$55.0M	$261.2M	50x
Arcus UNI-USD	+0.0100%	1h	9.0440	−0.659%	$316K	$653K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.0300	−0.813%	$23.6M	$63.2M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0340	−0.769%	$47.6M	$25.4M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0310	−0.802%	$13.5M	$13.2M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0270	−0.846%	$33.3M	$45.1M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.0350	−0.758%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.0492	−0.602%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.0909	−0.144%	$4.3M	$4.1M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.0917	−0.135%	$171K	$343K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0816	−0.246%	$643K	$2.8M	10x	as long as short
ApeX Omni UNIUSDTlong	+0.0100%	1h	9.1040	long leg	$96K	$701K	50x
StandX UNI-USD	+0.0100%	1h	9.0670	−0.406%	$16K	$3.4M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.0333	−0.777%	$86K	$430K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.0480	−0.615%	$16K	$1.5M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.0559	−0.528%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.0460	−0.637%	$22K	$793K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.0584	−0.501%	$728K	$4.7M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.0470	−0.626%	$27.4M	$4.4M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.0262	−0.854%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0236	−0.884%	$292K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0487	−0.608%	$32K	—	3x	as long as short
Lighter UNI	+0.0120%	1h	9.0448	−0.650%	$4.6M	$5.8M	15x	as long as short
Coinbase International UNI-PERP-INTX	+0.0216%	1h	9.0740	−0.330%	$950K	$5.9M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.0520	−0.571%	$10.2M	$3.6M	75x	as long as short
Kraken Futures PF_UNIUSD	+0.0269%	1h	9.0528	−0.562%	$5.0M	$8.0M	50x	as long as short
dYdX UNI-USD	+0.0316%	1h	9.0293	−0.821%	$238K	$30K	10x	as long as short
Reya UNIRUSDPERP	+0.0373%	1h	9.0287	−0.827%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.0387	−0.717%	$643K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0893%	1h	9.0682	−0.393%	$922	$46K	10x	as long as short