Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.026%

Price spread now: ApeX Omni against Bybit−0.066%59s7-day average +0.129% · you buy dearer than you sell

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$450.446% of the position

Long on Bybit Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.084%+$8 on $10k

Price spread, last 4 days (all we have)+0.212%+$21 · spread now −0.066%, 7d avg +0.129%

Together, before fees+0.296%+$30 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: ApeX Omni is 0.195% cheaper against Bybit than usual: you would sell low and buy high, −$20 on $10k if it goes back to its 7-day average of +0.129%. The two prices were read 59 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	Bybit UNIUSDT	9.0900	0.0100	pay 0.0100% / 8h	4h 00m	$102.2M	$111.5M	75x
Short	ApeX Omni UNIUSDT	9.0840	0.0100	get 0.0013% / 1h	0m 29s	$96K	$702K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bybit. 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 BybitbpFee ApeX OmnibpOrdersPrice spread, now −0.066%Rate

Funding earned: $0
Price spread: −0.066% → +0.129%: −$19.51
Slippage, 4 orders: −$23.64
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$64.16
Costs to cover: 0.446%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; ApeX Omni: live order book, 58 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 Bybit live order book, 4 min ago	0.55 bp	10.5 bp −$10	18.9 bp −$189	39.9 bp −$3,988	doesn't fit
Sell ApeX Omni live order book, 58 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	9.0940	+0.044%	$37K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−2.860%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0056%	1h	9.0889	−0.012%	$454	$5	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.0835	−0.072%	$968K	$4.4M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.0997	+0.107%	$819K	$3.5M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.0959	+0.065%	$294K	$600K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.0930	+0.033%	$223.4M	$639.7M	75x	as long as short
Bybit UNIUSDTlong	+0.0100%	8h	9.0900	long leg	$102.2M	$111.5M	75x
OKX UNI-USDT-SWAP	+0.0100%	8h	9.0930	+0.033%	$55.3M	$262.8M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.0910	+0.011%	$317K	$652K	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	9.0870	−0.033%	$23.7M	$64.0M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0870	−0.033%	$47.9M	$25.5M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0940	+0.044%	$13.6M	$13.2M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0840	−0.066%	$33.5M	$45.1M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.0840	−0.066%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.1036	+0.150%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.0909	+0.010%	$4.3M	$4.1M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.0773	−0.139%	$171K	$346K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0740	−0.176%	$643K	$2.8M	10x	as long as short
ApeX Omni UNIUSDTshort	+0.0100%	1h	9.0840	−0.066%	$96K	$702K	50x
StandX UNI-USD	+0.0100%	1h	9.0690	−0.231%	$16K	$3.4M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.0984	+0.092%	$86K	$430K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.0940	+0.044%	$16K	$1.5M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.1036	+0.150%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.0941	+0.045%	$22K	$792K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.0957	+0.063%	$732K	$4.7M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.0930	+0.033%	$27.5M	$4.4M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.0806	−0.103%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0790	−0.121%	$293K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0955	+0.060%	$32K	—	3x	as long as short
dYdX UNI-USD	+0.0186%	1h	9.0933	+0.036%	$239K	$30K	10x	as long as short
Lighter UNI	+0.0200%	1h	9.1084	+0.202%	$4.6M	$5.9M	15x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.0980	+0.088%	$10.3M	$3.6M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0248%	1h	9.1000	+0.110%	$953K	$5.9M	50x	as long as short
Kraken Futures PF_UNIUSD	+0.0269%	1h	9.1006	+0.117%	$5.0M	$8.0M	50x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0282%	1h	9.1007	+0.118%	$583K	$208K	50x	as long as short
Hyperliquid UNI	+0.0302%	1h	9.1042	+0.157%	$98.6M	$62.4M	10x	as long as short
Reya UNIRUSDPERP	+0.0373%	1h	9.0932	+0.035%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.0947	+0.051%	$648K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0913%	1h	9.0757	−0.158%	$884	$46K	10x	as long as short