Funding arb · Price arb /

UNI

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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 Orderly−0.077%50s7-day average +0.068% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Orderly Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.012%−$1 on $10k

Price spread, last 4 days (all we have)−0.333%−$33 · spread now −0.077%, 7d avg +0.068%

Together, before fees−0.345%−$34 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 0.145% cheaper against Orderly than usual: you would sell low and buy high, −$15 on $10k if it goes back to its 7-day average of +0.068%. The two prices were read 50 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	Orderly PERP_UNI_USDC	9.0640	0.0100	pay 0.0100% / 8h	4h 47m	$16K	$1.6M	10x
Short	ApeX Omni UNIUSDT	9.0570	0.0100	get 0.0013% / 1h	47m 31s	$88K	$694K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Orderly. 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 OrderlybpFee ApeX OmnibpOrdersPrice spread, now −0.077%Rate

Funding earned: $0
Price spread: −0.077% → +0.068%: −$14.55
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$30.55
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; ApeX Omni: live order book, 11 min ago. Net counts fees only.

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 Orderly no order-book sample	—	—	—	—	—
Sell ApeX Omni live order book, 11 min ago	6.04 bp	13.1 bp −$13	94.4 bp −$944	doesn't fit	doesn't fit

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	9.0707	+0.074%	$37K	—	150x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0010%	1h	9.0669	+0.032%	$581K	$193K	50x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−2.582%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0048%	1h	9.0837	+0.217%	$453	$5	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.0800	+0.177%	$923K	$4.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.0618	−0.025%	$1.0M	$3.0M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.0620	−0.022%	$294K	$590K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.0769	+0.142%	$224.8M	$629.8M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.0680	+0.044%	$101.7M	$110.7M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.0820	+0.199%	$55.6M	$258.0M	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	9.0670	+0.033%	$287K	$613K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.0700	+0.066%	$23.5M	$62.7M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0640	0.000%	$48.4M	$25.2M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0550	−0.099%	$13.6M	$13.1M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0690	+0.055%	$33.5M	$44.2M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	9.0720	+0.088%	—	$56.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.0673	+0.036%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.0589	−0.056%	$4.3M	$4.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.0557	−0.091%	$171K	$345K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0473	−0.184%	$627K	$2.7M	10x	as long as short
ApeX Omni UNIUSDTshort	+0.0100%	1h	9.0570	−0.077%	$88K	$694K	50x
StandX UNI-USD	+0.0100%	1h	9.0790	+0.165%	$36K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.0777	+0.151%	$87K	$422K	10x	as long as short
Orderly PERP_UNI_USDClong	+0.0100%	8h	9.0640	long leg	$16K	$1.6M	10x
SunX UNI-USDT	+0.0100%	8h	9.0707	+0.074%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.0560	−0.088%	$22K	$782K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.0760	+0.132%	$714K	$4.5M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.0640	0.000%	$27.4M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.0584	−0.062%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0681	+0.045%	$297K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0543	−0.106%	$32K	—	3x	as long as short
dYdX UNI-USD	+0.0121%	1h	9.0604	−0.040%	$239K	$30K	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.0280	−0.397%	$10.3M	$3.5M	75x	as long as short
Lighter UNI	+0.0232%	1h	9.0682	+0.046%	$4.6M	$5.8M	15x	as long as short
Coinbase International UNI-PERP-INTX	+0.0248%	1h	9.0760	+0.132%	$1.1M	$5.5M	50x	as long as short
Kraken Futures PF_UNIUSD	+0.0270%	1h	9.0603	−0.040%	$5.0M	$7.8M	50x	as long as short
Reya UNIRUSDPERP	+0.0372%	1h	9.0671	+0.035%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.0711	+0.078%	$646K	—	120x	as long as short
Hyperliquid UNI	+0.0434%	1h	9.0676	+0.040%	$98.4M	$61.7M	10x	as long as short
Aftermath Perps UNIUSD	+0.1070%	1h	9.0909	+0.297%	$873	$47K	10x	as long as short