Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.003%

Price spread now: Binance against Orderly−0.039%7-day average +0.011% · you buy dearer than you sell

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

Long on Orderly Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.065%−$7 on $10k

Price spread, last 3 days (all we have)−0.107%−$11 · spread now −0.039%, 7d avg +0.011%

Together, before fees−0.172%−$17 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: Binance is 0.050% cheaper against Orderly than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_UNI_USDC	9.1870	0.0100	pay 0.0100% / 8h	7h 41m	$16K	$1.7M	10x
Short	Binance UNIUSDT	9.1834	0.0100	get 0.0100% / 8h	7h 41m	$227.7M	$591.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.039%Rate

Funding earned: $0
Price spread: −0.039% → +0.011%: −$4.96
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Binance: 5 bp × 2 orders: −$10
Net: −$20.96
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Binance: live order book, 2 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 Binance live order book, 2 min ago	0.55 bp	7.0 bp −$7	13.7 bp −$137	45.2 bp −$4,515	162.8 bp −$81.4K

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
Phemex UNIUSDT	−0.0283%	8h	9.1780	−0.098%	$27.7M	$4.5M	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0005%	1h	9.1863	−0.007%	$75K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−3.886%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0048%	1h	9.1640	−0.250%	$457	—	10x	as long as short
OKX UNI-USDT-SWAP	+0.0094%	8h	9.1740	−0.142%	$56.4M	$254.9M	50x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.1765	−0.114%	$968K	$4.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.1960	+0.098%	$1.1M	$3.4M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.1208	−0.721%	$305K	$592K	10x	as long as short
Binance UNIUSDTshort	+0.0100%	8h	9.1834	−0.039%	$227.7M	$591.6M	75x
Bybit UNIUSDT	+0.0100%	8h	9.1750	−0.131%	$103.3M	$106.4M	75x	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	9.1610	−0.283%	$272K	$619K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.1840	−0.033%	$23.1M	$58.1M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.1700	−0.185%	$45.1M	$23.6M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.1800	−0.076%	$13.8M	$13.4M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.1770	−0.109%	$33.7M	$41.9M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	9.1790	−0.087%	—	$52.1M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.1863	−0.008%	$1.1M	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.1041	−0.902%	$4.1M	$4.4M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.1357	−0.559%	$172K	$345K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.1650	−0.239%	$641K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.1370	−0.544%	$89K	$708K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.1510	−0.392%	$36K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.1701	−0.184%	$86K	$375K	10x	as long as short
Orderly PERP_UNI_USDClong	+0.0100%	8h	9.1870	long leg	$16K	$1.7M	10x
SunX UNI-USDT	+0.0100%	8h	9.1946	+0.083%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.1855	−0.016%	$21K	$712K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.1947	+0.084%	$734K	$4.4M	75x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.1193	−0.737%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.1698	−0.187%	$305K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.1877	+0.008%	$33K	—	3x	as long as short
dYdX UNI-USD	+0.0140%	1h	9.1176	−0.755%	$251K	$7K	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.1240	−0.686%	$10.1M	$3.5M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0272%	1h	9.1920	+0.054%	$1.1M	$5.6M	50x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0279%	1h	9.1925	+0.060%	$592K	$178K	50x	as long as short
Reya UNIRUSDPERP	+0.0366%	1h	9.1823	−0.051%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0382% / S −0.0323%	1h	9.1847	−0.025%	$582K	—	120x	as long as short
Kraken Futures PF_UNIUSD	+0.0382%	1h	9.1912	+0.046%	$5.1M	$7.0M	50x	as long as short
Hyperliquid UNI	+0.0405%	1h	9.1947	+0.084%	$101.0M	$60.2M	10x	as long as short
Lighter UNI	+0.0824%	1h	9.2031	+0.175%	$4.7M	$5.2M	15x	as long as short
Aftermath Perps UNIUSD	+0.0826%	1h	9.1016	−0.929%	$1K	$49K	10x	as long as short