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 0.000%

Price spread now: Orderly against Bitget−0.239%53s7-day average +0.027% · you buy dearer than you sell

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

Long on Bitget Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days+0.076%+$8 on $10k

Price spread, last 3 days (all we have)+1.027%+$103 · spread now −0.239%, 7d avg +0.027%

Together, before fees+1.103%+$110 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 0.266% cheaper against Bitget than usual: you would sell low and buy high, −$27 on $10k if it goes back to its 7-day average of +0.027%. The two prices were read 53 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	Bitget UNIUSDT	8.7990	0.0100	pay 0.0100% / 8h	3h 08m	$31.8M	$41.3M	75x
Short	Orderly PERP_UNI_USDC	8.7780	0.0100	get 0.0100% / 8h	3h 08m	$15K	$1.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Bitget. 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 BitgetbpFee OrderlybpOrdersPrice spread, now −0.239%Rate

Funding earned: $0
Price spread: −0.239% → +0.027%: −$26.56
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$44.56
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 5 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 Bitget live order book, 5 min ago	1.14 bp	10.3 bp −$10	17.4 bp −$174	36.0 bp −$3,597	doesn't fit
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
Variational Omni UNI	−0.0198%	8h	8.7958	−0.036%	$3.9M	$4.9M	—	as long as short
Bybit UNIUSDT	−0.0191%	8h	8.7970	−0.023%	$102.6M	$105.5M	75x	as long as short
Deribit UNI_USDC-PERPETUAL	0.0000%	1h	8.7877	−0.128%	$549K	$129K	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0006%	1h	8.7844	−0.165%	$79K	—	150x	as long as short
OKX UNI-USDT-SWAP	+0.0010%	8h	8.7940	−0.057%	$54.2M	$246.1M	50x	as long as short
01 Exchange UNIUSD	+0.0072%	1h	8.7996	+0.007%	$439	—	10x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.7953	−0.041%	$25K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.7927	−0.071%	$838K	$4.0M	10x	as long as short
Hyperliquid UNI	+0.0100%	1h	8.7952	−0.043%	$95.4M	$60.2M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.7914	−0.086%	$1.0M	$3.4M	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	8.7893	−0.111%	$296K	$561K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.7960	−0.034%	$215.6M	$599.5M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.8040	+0.057%	$272K	$605K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.7920	−0.080%	$22.6M	$59.7M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.7870	−0.136%	$42.6M	$24.7M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.7960	−0.034%	$13.8M	$13.8M	75x	as long as short
Bitget UNIUSDTlong	+0.0100%	8h	8.7990	long leg	$31.8M	$41.3M	75x
BingX UNI-USDT	+0.0100%	8h	8.7940	−0.057%	—	$50.6M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.7856	−0.152%	$972K	$2.4M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8013	+0.026%	$165K	$342K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.7938	−0.059%	$620K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8040	+0.057%	$83K	$727K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.7900	−0.102%	$104K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.8042	+0.059%	$88K	$336K	10x	as long as short
Orderly PERP_UNI_USDCshort	+0.0100%	8h	8.7780	−0.239%	$15K	$1.7M	10x
SunX UNI-USDT	+0.0100%	8h	8.7845	−0.165%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.7808	−0.207%	$28K	$672K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.8036	+0.052%	$698K	$4.2M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.7860	−0.148%	$26.5M	$4.3M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.7913	−0.088%	$309K	$1.4M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.7820	−0.193%	$31K	$1K	3x	as long as short
Coinbase International UNI-PERP-INTX	+0.0192%	1h	8.8370	+0.432%	$1.0M	$5.3M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.7850	−0.159%	$9.8M	$3.3M	75x	as long as short
dYdX UNI-USD	+0.0269%	1h	8.7935	−0.063%	$243K	$5K	10x	as long as short
Kraken Futures PF_UNIUSD	+0.0319%	1h	8.7861	−0.147%	$4.9M	$7.3M	50x	as long as short
Reya UNIRUSDPERP	+0.0358%	1h	8.8008	+0.020%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0320%	1h	8.7808	−0.207%	$551K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0551%	1h	8.8121	+0.149%	$1K	$51K	10x	as long as short
Lighter UNI	+0.0664%	1h	8.8024	+0.039%	$4.5M	$5.4M	15x	as long as short
Injective UNI/USDC PERP	+0.4514%	1h	8.7900	−0.102%	$657	$97K	12x	as long as short