Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.019%

Price spread now: Extended against OKX−0.078%7-day average −0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs−$13as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$260.263% of the position

Long on OKX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.136%+$14 on $10k

Price spread, last 7 days+0.085%+$8 · spread now −0.078%, 7d avg −0.013%

Together, before fees+0.221%+ Points / potential airdropExtended: Active · farm board+$22 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: Extended is 0.065% cheaper against OKX than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX UNI-USDT-SWAP	9.0960	0.0100	pay 0.0100% / 8h	4h 01m	$55.4M	$262.9M	50x
Short	Extended UNI-USD	9.0889	0.0104	get 0.0013% / 1h	1m 02s	$293K	$1.6M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.078%Rate

Funding earned: $0.84
Price spread: −0.078% → −0.013%: −$6.51
Slippage, 4 orders: −$11.27
Fee OKX: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$31.94
Costs to cover: 0.263%
Break-even: 273.2 days

Slippage from OKX: live order book, 3 min ago; Extended: live order book, 2 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	0.55 bp	9.3 bp −$9	16.3 bp −$163	44.0 bp −$4,401	doesn't fit
Sell Extended live order book, 2 min ago	0.05 bp	5.2 bp −$5	8.6 bp −$86	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	−0.022%	$37K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−2.924%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0056%	1h	9.1036	+0.084%	$454	$5	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.0967	+0.008%	$970K	$4.4M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.1001	+0.045%	$819K	$3.5M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.0805	−0.171%	$294K	$600K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.0960	0.000%	$223.4M	$639.7M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.0930	−0.033%	$102.3M	$111.4M	75x	as long as short
OKX UNI-USDT-SWAPlong	+0.0100%	8h	9.0960	long leg	$55.4M	$262.9M	50x
Arcus UNI-USD	+0.0100%	1h	9.1090	+0.143%	$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	9.0960	0.000%	$23.7M	$64.0M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0950	−0.011%	$47.9M	$25.5M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0940	−0.022%	$13.6M	$13.2M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0910	−0.055%	$33.5M	$45.1M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.0950	−0.011%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.1036	+0.084%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.0909	−0.056%	$4.3M	$4.1M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.0773	−0.205%	$171K	$346K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0740	−0.242%	$643K	$2.8M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0840	−0.132%	$96K	$702K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0690	−0.297%	$16K	$3.4M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.0984	+0.026%	$86K	$430K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.0940	−0.022%	$16K	$1.5M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.1036	+0.084%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.0941	−0.021%	$22K	$792K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.0957	−0.003%	$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	9.0754	−0.226%	$26K	—	20x	as long as short
Extended UNI-USDshort	+0.0104%	1h	9.0889	−0.078%	$293K	$1.6M	25x
Aevo UNI-PERP	+0.0104%	1h	9.0955	−0.006%	$32K	—	3x	as long as short
dYdX UNI-USD	+0.0184%	1h	9.0983	+0.025%	$240K	$30K	10x	as long as short
Lighter UNI	+0.0200%	1h	9.1096	+0.150%	$4.6M	$5.9M	15x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.0980	+0.022%	$10.3M	$3.6M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0248%	1h	9.1000	+0.044%	$953K	$5.9M	50x	as long as short
Kraken Futures PF_UNIUSD	+0.0269%	1h	9.1006	+0.051%	$5.0M	$8.0M	50x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0282%	1h	9.1007	+0.052%	$583K	$208K	50x	as long as short
Hyperliquid UNI	+0.0302%	1h	9.1060	+0.110%	$98.6M	$62.4M	10x	as long as short
Reya UNIRUSDPERP	+0.0373%	1h	9.0932	−0.031%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.0947	−0.015%	$648K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0913%	1h	9.0757	−0.224%	$884	$46K	10x	as long as short