Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.004%

Price spread now: Orderly against Binance−0.082%7-day average −0.012% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Binance Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days+0.066%+$7 on $10k

Price spread, last 3 days (all we have)+0.278%+$28 · spread now −0.082%, 7d avg −0.012%

Together, before fees+0.344%+$34 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: Orderly is 0.069% cheaper against Binance than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance UNIUSDT	8.9924	0.0100	pay 0.0100% / 8h	29m 58s	$222.4M	$589.8M	75x
Short	Orderly PERP_UNI_USDC	8.9850	0.0100	get 0.0100% / 8h	29m 58s	$16K	$1.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Binance. 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 BinancebpFee OrderlybpOrdersPrice spread, now −0.082%Rate

Funding earned: $0
Price spread: −0.082% → −0.012%: −$6.92
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$22.92
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 14 min ago; Orderly: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Binance live order book, 14 min ago	0.55 bp	7.4 bp −$7	14.5 bp −$145	46.6 bp −$4,660	174.3 bp −$87.2K
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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 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
Injective UNI/USDC PERP	−0.0049%	1h	8.8300	−1.805%	$660	$155K	12x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	8.9846	−0.087%	$62K	—	150x	as long as short
Variational Omni UNI	+0.0041%	8h	9.0035	+0.124%	$4.1M	$4.4M	—	as long as short
dYdX UNI-USD	+0.0057%	1h	8.9938	+0.016%	$249K	$6K	10x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0057%	1h	8.9878	−0.051%	$579K	$176K	50x	as long as short
Bybit UNIUSDT	+0.0081%	8h	8.9900	−0.026%	$102.1M	$105.0M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0088%	8h	8.9910	−0.015%	$55.1M	$249.2M	50x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.9875	−0.054%	$954K	$4.2M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.9921	−0.002%	$1.0M	$3.3M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.9925	+0.001%	$298K	$591K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance UNIUSDTlong	+0.0100%	8h	8.9924	long leg	$222.4M	$589.8M	75x
Arcus UNI-USD	+0.0100%	1h	8.9950	+0.029%	$278K	$620K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.9910	−0.015%	$23.0M	$58.7M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.9940	+0.018%	$43.6M	$24.0M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.9920	−0.004%	$13.6M	$13.5M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.9890	−0.037%	$32.8M	$42.0M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.9920	−0.004%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.9939	+0.017%	$1.0M	$2.4M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.0166	+0.269%	$169K	$344K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0169	+0.273%	$637K	$2.5M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0300	+0.419%	$89K	$712K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0030	+0.118%	$36K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.9885	−0.043%	$86K	$361K	10x	as long as short
Orderly PERP_UNI_USDCshort	+0.0100%	8h	8.9850	−0.082%	$16K	$1.7M	10x
SunX UNI-USDT	+0.0100%	8h	8.9968	+0.049%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.9855	−0.076%	$25K	$674K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.0040	+0.130%	$718K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.9900	−0.026%	$27.1M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.9883	−0.045%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	8.9873	−0.056%	$303K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.9851	−0.080%	$32K	$1K	3x	as long as short
01 Exchange UNIUSD	+0.0184%	1h	8.9899	−0.027%	$449	—	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.9970	+0.052%	$10.1M	$3.5M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0232%	1h	8.9920	−0.004%	$1.1M	$5.4M	50x	as long as short
Reya UNIRUSDPERP	+0.0364%	1h	8.9846	−0.086%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0380% / S −0.0320%	1h	8.9835	−0.098%	$565K	—	120x	as long as short
Hyperliquid UNI	+0.0560%	1h	9.0009	+0.095%	$98.7M	$59.0M	10x	as long as short
Kraken Futures PF_UNIUSD	+0.0563%	1h	8.9908	−0.017%	$5.0M	$7.0M	50x	as long as short
Aftermath Perps UNIUSD	+0.0804%	1h	9.0162	+0.265%	$1K	$49K	10x	as long as short
Lighter UNI	+0.0936%	1h	9.0058	+0.150%	$4.6M	$5.2M	15x	as long as short