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% APRpaid last 24h 0.000%

Price spread now: Phemex against ApeX Omni+0.420%7-day average −0.036% · you sell dearer than you buy

Net, funding: paid 7d − costs−$69as in the Funding arb table

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$650.652% of the position

Long on ApeX Omni Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.034%−$3 on $10k

Price spread, last 3 days (all we have)−0.230%−$23 · spread now +0.420%, 7d avg −0.036%

Together, before fees−0.265%−$26 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: Phemex is 0.456% dearer against ApeX Omni than usual: you sell high and buy low, +$46 on $10k if it goes back to its 7-day average of −0.036%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni UNIUSDT	9.0420	0.0100	pay 0.0013% / 1h	24m 21s	$88K	$699K	50x
Short	Phemex UNIUSDT	9.0800	0.0100	get 0.0100% / 8h	6h 24m	$27.4M	$4.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.420%Rate

Funding earned: $0
Price spread: +0.420% → −0.036%: $45.6
Slippage, 4 orders: −$43.19
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$19.59
Costs to cover: 0.652%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 44 min ago; Phemex: live order book, 5 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, 44 min ago	6.02 bp	13.4 bp −$13	108.6 bp −$1,086	doesn't fit	doesn't fit
Sell Phemex live order book, 5 min ago	6.64 bp	18.6 bp −$19	31.6 bp −$316	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
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	9.0967	+0.605%	$19K	—	150x	as long as short
dYdX UNI-USD	+0.0019%	1h	9.1104	+0.756%	$240K	$30K	10x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−2.345%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0040%	1h	9.1049	+0.696%	$454	—	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.0922	+0.556%	$951K	$4.3M	10x	as long as short
Hyperliquid UNI	+0.0100%	1h	9.1085	+0.735%	$98.8M	$60.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.1098	+0.750%	$1.0M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.1120	+0.774%	$298K	$574K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.0964	+0.602%	$227.1M	$610.7M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.0980	+0.619%	$101.9M	$107.4M	75x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX UNI-USDT-SWAP	+0.0100%	8h	9.1050	+0.697%	$56.1M	$255.3M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.1110	+0.763%	$289K	$641K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.0950	+0.586%	$23.3M	$58.7M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0970	+0.608%	$49.9M	$26.2M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.1000	+0.641%	$13.5M	$13.7M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.1050	+0.697%	$33.3M	$42.8M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	9.0940	+0.575%	—	$57.0M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.0886	+0.515%	$997K	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.0580	+0.177%	$4.1M	$4.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.0454	+0.038%	$170K	$343K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0456	+0.040%	$629K	$2.6M	10x	as long as short
ApeX Omni UNIUSDTlong	+0.0100%	1h	9.0420	long leg	$88K	$699K	50x
StandX UNI-USD	+0.0100%	1h	9.0870	+0.498%	$56K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.0990	+0.630%	$86K	$410K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.1080	+0.730%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.0944	+0.580%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.0838	+0.462%	$22K	$712K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.0940	+0.575%	$723K	$4.2M	75x	as long as short
Phemex UNIUSDTshort	+0.0100%	8h	9.0800	+0.420%	$27.4M	$4.5M	50x
Paradex UNI-USD-PERP	+0.0100%	8h	9.0971	+0.609%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0911	+0.543%	$303K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.1079	+0.729%	$32K	—	3x	as long as short
Coinbase International UNI-PERP-INTX	+0.0312%	1h	9.0930	+0.564%	$1.1M	$4.7M	50x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0316%	1h	9.0889	+0.519%	$590K	$187K	50x	as long as short
Reya UNIRUSDPERP	+0.0368%	1h	9.0927	+0.561%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.0950	+0.587%	$647K	—	120x	as long as short
Kraken Futures PF_UNIUSD	+0.0422%	1h	9.0879	+0.507%	$5.0M	$6.9M	50x	as long as short
Lighter UNI	+0.0456%	1h	9.1249	+0.917%	$4.7M	$5.3M	15x	as long as short
Aftermath Perps UNIUSD	+0.0934%	1h	9.0544	+0.137%	$948	$48K	10x	as long as short