Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.018%

Price spread now: ApeX Omni against OKX−0.260%110s7-day average +0.100% · you buy dearer than you sell

Net, funding: paid 7d − costs−$35as 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−$440.438% of the position

Long on OKX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.087%+$9 on $10k

Price spread, last 4 days (all we have)+0.327%+$33 · spread now −0.260%, 7d avg +0.100%

Together, before fees+0.414%+$41 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 0.359% cheaper against OKX than usual: you would sell low and buy high, −$36 on $10k if it goes back to its 7-day average of +0.100%. The two prices were read 110 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	OKX UNI-USDT-SWAP	8.8610	0.0100	pay 0.0100% / 8h	2h 55m	$53.8M	$262.3M	50x
Short	ApeX Omni UNIUSDT	8.8380	0.0100	get 0.0013% / 1h	55m 39s	$90K	$703K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against OKX. 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 OKXbpFee ApeX OmnibpOrdersPrice spread, now −0.260%Rate

Funding earned: $0
Price spread: −0.260% → +0.100%: −$35.92
Slippage, 4 orders: −$23.83
Fee OKX: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$79.75
Costs to cover: 0.438%
Break-even: never at this rate

Slippage from OKX: live order book, 3 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 OKX live order book, 3 min ago	0.57 bp	8.2 bp −$8	13.9 bp −$139	49.9 bp −$4,990	doesn't fit
Sell ApeX Omni live order book, 58 min ago	6.08 bp	13.5 bp −$13	107.5 bp −$1,075	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
Nado UNI-PERP	−0.0300%	1h	8.8587	−0.025%	$799K	$4.7M	10x	as long as short
01 Exchange UNIUSD	−0.0112%	1h	8.8621	+0.012%	$442	$5	10x	as long as short
Kraken Futures PF_UNIUSD	−0.0017%	1h	8.8724	+0.129%	$4.8M	$8.4M	50x	as long as short
dYdX UNI-USD	0.0000%	1h	8.8642	+0.036%	$233K	$31K	10x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0002%	1h	8.8736	+0.143%	$569K	$208K	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0007%	1h	8.8722	+0.126%	$48K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−0.350%	$660	$153K	12x	as long as short
Polymarket Perps UNI-USD	+0.0079%	1h	8.8599	−0.012%	$94K	$489K	10x	as long as short
Lighter UNI	+0.0096%	1h	8.8723	+0.128%	$4.5M	$5.4M	15x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8612	+0.002%	$25K	—	20x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid UNI	+0.0100%	1h	8.8738	+0.144%	$93.7M	$65.6M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.8690	+0.090%	$766K	$3.6M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.8655	+0.050%	$286K	$610K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.8640	+0.034%	$215.7M	$657.8M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	8.8590	−0.023%	$99.0M	$112.7M	75x	as long as short
OKX UNI-USDT-SWAPlong	+0.0100%	8h	8.8610	long leg	$53.8M	$262.3M	50x
Arcus UNI-USD	+0.0100%	1h	8.8700	+0.102%	$330K	$684K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.8600	−0.011%	$23.4M	$64.2M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.8650	+0.045%	$46.7M	$26.2M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.8640	+0.034%	$13.2M	$13.4M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8610	0.000%	$32.7M	$46.4M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	8.8600	−0.011%	—	$56.9M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8745	+0.152%	$1.0M	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	8.8609	−0.001%	$4.1M	$4.2M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8442	−0.189%	$167K	$346K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8520	−0.102%	$617K	$2.8M	10x	as long as short
ApeX Omni UNIUSDTshort	+0.0100%	1h	8.8380	−0.260%	$90K	$703K	50x
StandX UNI-USD	+0.0100%	1h	8.8610	0.000%	$15K	$3.4M	20x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8670	+0.068%	$16K	$1.5M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.8643	+0.037%	$36K	$1.4M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.8680	+0.079%	$39K	$838K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.8863	+0.286%	$707K	$5.0M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8660	+0.056%	$26.8M	$4.3M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8561	−0.056%	$281K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8700	+0.102%	$31K	—	3x	as long as short
Coinbase International UNI-PERP-INTX	+0.0184%	1h	8.8720	+0.124%	$930K	$5.8M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.8610	0.000%	$10.0M	$3.6M	75x	as long as short
Reya UNIRUSDPERP	+0.0375%	1h	8.8547	−0.071%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	8.8700	+0.102%	$631K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0662%	1h	8.8607	−0.003%	$959	$45K	10x	as long as short