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 0.000%

Price spread now: ApeX Omni against GRVT−0.066%7-day average +0.024% · you buy dearer than you sell

Net, funding: paid 7d − costs−$46as in the Funding arb table

Net, price: spread back to 7d avg − costs−$57as in the Price arb table

costs, in and out, $10k−$480.476% of the position

Long on GRVT Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.015%+$2 on $10k

Price spread, last 4 days (all we have)−0.056%−$6 · spread now −0.066%, 7d avg +0.024%

Together, before fees−0.041%+ Points / potential airdropGRVT: Active · farm board−$4 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 0.090% cheaper against GRVT than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.024%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT UNI_USDT_Perp	9.1180	0.0100	pay 0.0100% / 8h	4h 50m	$635K	$2.7M	10x
Short	ApeX Omni UNIUSDT	9.1120	0.0100	get 0.0013% / 1h	50m 26s	$89K	$694K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against GRVT. 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 GRVTbpFee ApeX OmnibpOrdersPrice spread, now −0.066%Rate

Funding earned: $0
Price spread: −0.066% → +0.024%: −$8.98
Slippage, 4 orders: −$28.58
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$56.56
Costs to cover: 0.476%
Break-even: never at this rate

Slippage from GRVT: live order book, 3 min ago; ApeX Omni: live order book, 8 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 GRVT live order book, 3 min ago	1.10 bp	11.3 bp −$11	18.2 bp −$182	3754.6 bp −$375.5K	doesn't fit
Sell ApeX Omni live order book, 8 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	9.0666	−0.563%	$37K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−3.159%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0056%	1h	9.0722	−0.502%	$453	$5	10x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0098%	1h	9.0730	−0.494%	$581K	$193K	50x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.0615	−0.620%	$905K	$4.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.0660	−0.570%	$1.0M	$3.0M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.0677	−0.552%	$296K	$589K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.0689	−0.538%	$224.6M	$628.4M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.0620	−0.614%	$101.8M	$110.5M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.0590	−0.647%	$55.7M	$256.7M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus UNI-USD	+0.0100%	1h	9.0720	−0.504%	$287K	$613K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.0640	−0.592%	$23.0M	$62.2M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0700	−0.526%	$48.6M	$25.2M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0690	−0.537%	$13.6M	$13.1M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0670	−0.559%	$33.4M	$43.9M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.0660	−0.570%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.0797	−0.420%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.0589	−0.648%	$4.3M	$4.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.1122	−0.063%	$172K	$344K	20x	as long as short
GRVT UNI_USDT_Perplong	+0.0100%	8h	9.1180	long leg	$635K	$2.7M	10x
ApeX Omni UNIUSDTshort	+0.0100%	1h	9.1120	−0.066%	$89K	$694K	50x
StandX UNI-USD	+0.0100%	1h	9.0720	−0.504%	$36K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.0693	−0.534%	$87K	$420K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.0600	−0.636%	$16K	$1.6M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.0745	−0.477%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.0690	−0.537%	$22K	$781K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.0832	−0.382%	$715K	$4.5M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.0800	−0.417%	$27.5M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.0752	−0.470%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0591	−0.645%	$298K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0709	−0.516%	$32K	—	3x	as long as short
dYdX UNI-USD	+0.0161%	1h	9.0671	−0.559%	$239K	$30K	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.0750	−0.472%	$10.4M	$3.5M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0248%	1h	9.0690	−0.537%	$1.1M	$5.4M	50x	as long as short
Kraken Futures PF_UNIUSD	+0.0269%	1h	9.0756	−0.465%	$5.0M	$7.8M	50x	as long as short
Lighter UNI	+0.0336%	1h	9.0728	−0.496%	$4.6M	$5.8M	15x	as long as short
Reya UNIRUSDPERP	+0.0372%	1h	9.0632	−0.601%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.0656	−0.575%	$646K	—	120x	as long as short
Hyperliquid UNI	+0.0475%	1h	9.0779	−0.440%	$98.6M	$61.6M	10x	as long as short
Aftermath Perps UNIUSD	+0.1078%	1h	9.1080	−0.110%	$1K	$46K	10x	as long as short