Settings8H · net · $10k
Funding arb · Price arb /

UNI

all UNI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC−0.0486%/8h= −53.3% APRpaid last 24h −0.077%
Price spread now: Variational Omni against Hyperliquid−0.471%7-day average −0.116% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.187%−$19 on $10k
Price spread, last 7 days+0.349%+$35 · spread now −0.471%, 7d avg −0.116%
Together, before fees+0.161%+ Points / potential airdropHyperliquid: Season 2 · Variational Omni: Active · farm board+$16 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and Variational Omni is 0.355% cheaper against Hyperliquid than usual: you would sell low and buy high (−$35 if the spread goes back to its 7-day average of −0.116%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid UNI8.98360.0457pay 0.0057% / 1h2m 46s$98.9M$59.4M10x
ShortVariational Omni UNI8.9413−0.0030pay 0.0030% / 8h1h 02m$4.0M$4.6M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni against Hyperliquid. 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

Funding earned
−$102.16
Price spread: −0.471% → −0.116%
−$35.5
Slippage, 4 orders
no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$146.65
Costs to cover
0.090%
Break-even
never at this rate
Slippage unknown: Hyperliquid: live order book, 11 min ago; Variational Omni: RFQ quote, 1 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Hyperliquid live order book, 11 min ago0.06 bp7.0 bp −$7doesn't fitdoesn't fitdoesn't fit
Sell Variational Omni RFQ quote, 1 min ago3.26 bpdoesn't fit12.7 bp −$127doesn't fitdoesn't fit

UNI on 40 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni UNIshort−0.0030%8h8.9413−0.471%$4.0M$4.6M
gTrade (Gains Network) UNI/USDL +0.0004% / S −0.0004%1h8.9514−0.359%$62K150xas long as short
Bybit UNIUSDT+0.0022%8h8.9650−0.207%$102.4M$105.0M75xas long as short
Injective UNI/USDC PERP+0.0033%1h8.8300−1.710%$660$155K12xas long as short
OKX UNI-USDT-SWAP+0.0061%8h8.9670−0.185%$55.3M$248.0M50xas long as short
01 Exchange UNIUSD+0.0088%1h8.9498−0.376%$44710xas long as short
Paradex UNI-USD-PERP+0.0100%8h8.9542−0.327%$26K20xas long as short
Nado UNI-PERP+0.0100%1h8.9540−0.329%$948K$4.1M10xas long as short
Aster UNIUSDT+0.0100%8h8.9624−0.236%$1.0M$3.3M50xas long as short
Pacifica UNI+0.0100%1h8.9587−0.277%$298K$584K10xas long as short
Show all 40 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance UNIUSDT+0.0100%8h8.9630−0.229%$220.6M$592.0M75xas long as short
Arcus UNI-USD+0.0100%1h8.9650−0.207%$276K$621K10xas long as short
Gate UNI_USDT+0.0100%8h8.9640−0.218%$23.1M$59.0M75xas long as short
MEXC UNI_USDT+0.0100%8h8.9660−0.196%$43.2M$24.6M200xas long as short
KuCoin UNIUSDTM+0.0100%8h8.9620−0.240%$13.6M$13.8M75xas long as short
Bitget UNIUSDT+0.0100%8h8.9650−0.207%$32.5M$41.4M75xas long as short
BingX UNI-USDT+0.0100%8h8.9630−0.229%$51.7Mas long as short
Backpack UNI_USDC_PERP+0.0100%1h8.9500−0.374%$994K$2.3M10xas long as short
edgeX UNIUSDC+0.0100%4h8.9590−0.274%$168K$344K20xas long as short
GRVT UNI_USDT_Perp+0.0100%8h8.9616−0.245%$628K$2.5M10xas long as short
ApeX Omni UNIUSDT+0.0100%1h8.9370−0.519%$88K$713K50xas long as short
StandX UNI-USD+0.0100%1h8.9660−0.196%$107K$3.2M20xas long as short
Polymarket Perps UNI-USD+0.0100%1h8.9508−0.365%$87K$356K10xas long as short
Orderly PERP_UNI_USDC+0.0100%8h8.9500−0.374%$16K$1.7M10xas long as short
SunX UNI-USDT+0.0100%8h8.9542−0.327%$36K$1.3M30xas long as short
SoDEX UNI-USD+0.0100%1h8.9510−0.363%$25K$663K10xas long as short
HTX UNI-USDT+0.0100%8h8.9654−0.203%$733K$4.3M75xas long as short
Phemex UNIUSDT+0.0100%8h8.9530−0.341%$27.0M$4.4M50xas long as short
Extended UNI-USD+0.0104%1h8.9575−0.290%$302K$1.5M25xas long as short
Aevo UNI-PERP+0.0104%1h8.9654−0.203%$32K$1K3xas long as short
dYdX UNI-USD+0.0115%1h8.9560−0.307%$248K$6K10xas long as short
Deribit UNI_USDC-PERPETUAL+0.0116%1h8.9544−0.325%$569K$157K50xas long as short
BloFin UNI-USDT+0.0220%8h8.9480−0.396%$9.9M$3.4M75xas long as short
Coinbase International UNI-PERP-INTX+0.0224%1h8.9580−0.285%$1.1M$5.3M50xas long as short
Kraken Futures PF_UNIUSD+0.0338%1h8.9595−0.268%$5.0M$7.0M50xas long as short
Reya UNIRUSDPERP+0.0363%1h8.9485−0.391%$16K20xas long as short
GMX UNI/USD [UNI-USDC]L +0.0380% / S −0.0320%1h8.9506−0.367%$562K120xas long as short
Hyperliquid UNIlong+0.0457%1h8.9836long leg$98.9M$59.4M10x
Lighter UNI+0.0672%1h8.9882+0.051%$4.6M$5.2M15xas long as short
Aftermath Perps UNIUSD+0.0674%1h8.9510−0.363%$1K$49K10xas long as short