Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0120%/8h= −13.1% APRpaid last 24h −0.033%

Price spread now: ApeX Omni against BloFin−0.440%7-day average +0.053% · you buy dearer than you sell

Net, funding: paid 7d − costs−$68as in the Funding arb table

Net, price: spread back to 7d avg − costs−$98as in the Price arb table

costs, in and out, $10k−$480.483% of the position

Long on BloFin Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.193%−$19 on $10k

Price spread, last 4 days (all we have)+0.157%+$16 · spread now −0.440%, 7d avg +0.053%

Together, before fees−0.036%−$4 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and ApeX Omni is 0.493% cheaper against BloFin than usual: you would sell low and buy high (−$49 if the spread goes back to its 7-day average of +0.053%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin UNI-USDT	9.0970	0.0220	pay 0.0220% / 8h	4h 47m	$10.4M	$3.6M	75x
Short	ApeX Omni UNIUSDT	9.0570	0.0100	get 0.0013% / 1h	47m 13s	$88K	$694K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against BloFin. 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 BloFinbpFee ApeX OmnibpOrdersPrice spread, now −0.440%Rate

Funding earned: −$25.2
Price spread: −0.440% → +0.053%: −$49.27
Slippage, 4 orders: −$26.27
Fee BloFin: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$122.74
Costs to cover: 0.483%
Break-even: never at this rate

Slippage from BloFin: live order book, 7 min ago; ApeX Omni: live order book, 11 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 BloFin live order book, 7 min ago	1.10 bp	10.7 bp −$11	18.3 bp −$183	42.8 bp −$4,282	doesn't fit
Sell ApeX Omni live order book, 11 min ago	6.04 bp	13.1 bp −$13	94.4 bp −$944	doesn't fit	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	9.0935	−0.038%	$37K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−2.935%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0048%	1h	9.0837	−0.146%	$453	$5	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.0800	−0.187%	$923K	$4.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.0967	−0.004%	$1.0M	$3.0M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.0620	−0.385%	$294K	$590K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.1031	+0.067%	$225.4M	$630.2M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.1050	+0.088%	$102.1M	$110.7M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.1060	+0.099%	$55.7M	$258.8M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.0670	−0.330%	$287K	$613K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate UNI_USDT	+0.0100%	8h	9.0930	−0.044%	$23.6M	$62.7M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.1060	+0.099%	$48.6M	$25.2M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.1070	+0.110%	$13.6M	$13.1M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.1020	+0.055%	$33.6M	$44.2M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.1030	+0.066%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.1110	+0.154%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.0589	−0.419%	$4.3M	$4.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.0557	−0.454%	$171K	$345K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0473	−0.546%	$627K	$2.7M	10x	as long as short
ApeX Omni UNIUSDTshort	+0.0100%	1h	9.0570	−0.440%	$88K	$694K	50x
StandX UNI-USD	+0.0100%	1h	9.0790	−0.198%	$36K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.0880	−0.099%	$88K	$422K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.0950	−0.022%	$16K	$1.6M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.1017	+0.052%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.0991	+0.023%	$22K	$782K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.1120	+0.165%	$716K	$4.5M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.1040	+0.077%	$27.5M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.0584	−0.424%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0886	−0.092%	$298K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0945	−0.027%	$32K	—	3x	as long as short
dYdX UNI-USD	+0.0121%	1h	9.0604	−0.403%	$239K	$30K	10x	as long as short
BloFin UNI-USDTlong	+0.0220%	8h	9.0970	long leg	$10.4M	$3.6M	75x
Lighter UNI	+0.0232%	1h	9.1096	+0.139%	$4.6M	$5.8M	15x	as long as short
Coinbase International UNI-PERP-INTX	+0.0248%	1h	9.0850	−0.132%	$1.1M	$5.5M	50x	as long as short
Kraken Futures PF_UNIUSD	+0.0269%	1h	9.0988	+0.020%	$5.0M	$7.8M	50x	as long as short
Reya UNIRUSDPERP	+0.0372%	1h	9.0852	−0.130%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.0955	−0.016%	$647K	—	120x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0383%	1h	9.0986	+0.018%	$583K	$193K	50x	as long as short
Hyperliquid UNI	+0.0435%	1h	9.0975	+0.005%	$98.8M	$61.8M	10x	as long as short
Aftermath Perps UNIUSD	+0.1063%	1h	9.0946	−0.027%	$874	$46K	10x	as long as short