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

UNI

all UNI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 10:00 UTC−0.0052%/8h= −5.7% APRnext payment $0.07 per $10,000 · paid last 24h −0.002%
Price spread now: 01 Exchange against Backpack−0.123%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and 01 Exchange is 0.123% cheaper against Backpack than usual: you would sell low and buy high (−$12 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBackpack UNI_USDC_PERP8.85670.0100pay 0.0013% / 1h21m 54s$1.1M$2.4M10x
Short01 Exchange UNIUSD8.84580.0048get 0.0006% / 1h21m 54s$441$5610x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange against Backpack. 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
−$10.92
Price spread: −0.123% → 0.000%
−$12.31
Slippage, 4 orders
no order book: not counted
Fee Backpack: 5 bp × 2 orders
−$10
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
−$40.23
Costs to cover
0.170%
Break-even
never at this rate
Slippage unknown: Backpack: live order book, 5 min ago; 01 Exchange: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Backpack live order book, 5 min ago0.28 bp6.6 bp −$792.8 bp −$928doesn't fitdoesn't fit
Sell 01 Exchange no order-book sample
01 Exchange: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

UNI on 40 exchanges

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+0.0003%1h8.8402−0.186%$750K$4.1M10xas long as short
gTrade (Gains Network) UNI/USDL +0.0004% / S −0.0005%1h8.8474−0.105%$76K150xas long as short
Injective UNI/USDC PERP+0.0033%1h8.8300−0.301%$660$152K12xas long as short
dYdX UNI-USD+0.0043%1h8.8392−0.197%$232K$32K10xas long as short
01 Exchange UNIUSDshort+0.0048%1h8.8458−0.123%$441$5610x
Lighter UNI+0.0096%1h8.8597+0.034%$4.4M$5.0M15xas long as short
Paradex UNI-USD-PERP+0.0100%8h8.8374−0.218%$25K20xas long as short
Aster UNIUSDT+0.0100%8h8.8560−0.008%$784K$2.5M50xas long as short
Pacifica UNI+0.0100%1h8.8411−0.176%$289K$482K10xas long as short
Binance UNIUSDT+0.0100%8h8.8530−0.042%$214.5M$593.4M75xas long as short
Show all 40 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit UNIUSDT+0.0100%8h8.8510−0.064%$98.0M$100.3M75xas long as short
OKX UNI-USDT-SWAP+0.0100%8h8.8530−0.042%$54.4M$238.0M50xas long as short
Arcus UNI-USD+0.0100%1h8.8500−0.076%$319K$555K10xas long as short
Gate UNI_USDT+0.0100%8h8.8530−0.042%$27.5M$58.1M75xas long as short
MEXC UNI_USDT+0.0100%8h8.8480−0.098%$45.8M$25.5M200xas long as short
KuCoin UNIUSDTM+0.0100%8h8.8490−0.087%$12.9M$11.7M75xas long as short
Bitget UNIUSDT+0.0100%8h8.8460−0.121%$32.9M$43.7M75xas long as short
BingX UNI-USDC+0.0100%8h8.8510−0.064%$6.5Mas long as short
Backpack UNI_USDC_PERPlong+0.0100%1h8.8567long leg$1.1M$2.4M10x
Variational Omni UNI+0.0100%8h8.8417−0.170%$4.1M$3.2Mas long as short
edgeX UNIUSDC+0.0100%4h8.8404−0.184%$167K$345K20xas long as short
GRVT UNI_USDT_Perp+0.0100%8h8.8552−0.017%$628K$2.4M10xas long as short
ApeX Omni UNIUSDT+0.0100%1h8.8470−0.110%$89K$708K50xas long as short
StandX UNI-USD+0.0100%1h8.8450−0.132%$76K$3.5M20xas long as short
Polymarket Perps UNI-USD+0.0100%1h8.8420−0.166%$105K$592K10xas long as short
Orderly PERP_UNI_USDC+0.0100%8h8.8440−0.143%$16K$2.6M10xas long as short
SunX UNI-USDT+0.0100%8h8.8474−0.105%$36K$1.2M30xas long as short
SoDEX UNI-USD+0.0100%1h8.8455−0.126%$32K$730K10xas long as short
HTX UNI-USDT+0.0100%8h8.8600+0.037%$693K$4.2M75xas long as short
Phemex UNIUSDT+0.0100%8h8.8500−0.076%$26.7M$4.5M50xas long as short
Extended UNI-USD+0.0104%1h8.8438−0.145%$303K$1.7M25xas long as short
Aevo UNI-PERP+0.0104%1h8.8440−0.143%$31K3xas long as short
Kraken Futures PF_UNIUSD+0.0142%1h8.8505−0.070%$4.7M$7.9M50xas long as short
Deribit UNI_USDC-PERPETUAL+0.0164%1h8.8520−0.054%$586K$222K50xas long as short
BloFin UNI-USDT+0.0220%8h8.8410−0.177%$10.0M$3.4M75xas long as short
Hyperliquid UNI+0.0242%1h8.8623+0.063%$95.4M$63.4M10xas long as short
Coinbase International UNI-PERP-INTX+0.0248%1h8.8400−0.189%$923K$4.5M50xas long as short
GMX UNI/USD [UNI-USDC]L +0.0381% / S −0.0244%1h8.8475−0.104%$629K120xas long as short
Reya UNIRUSDPERP+0.0385%1h8.8444−0.139%$16K20xas long as short
Aftermath Perps UNIUSD+0.0495%1h8.8318−0.281%$1K$51K10xas long as short