Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0020%/8h= −2.2% APRpaid last 24h +0.006%

Price spread now: 01 Exchange against Orderly+0.019%7-day average — · you sell dearer than you buy

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

Long on Orderly Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_UNI_USDC	9.1630	0.0100	pay 0.0100% / 8h	7h 14m	$16K	$1.7M	10x
Short	01 Exchange UNIUSD	9.1647	0.0080	get 0.0010% / 1h	14m 30s	$457	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now +0.019%Rate

Funding earned: −$4.2
Price spread: +0.019% → 0.000%: $1.86
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$15.34
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; 01 Exchange: no order-book sample. 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 01 Exchange no order-book sample	—	—	—	—	—

Orderly and 01 Exchange: 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 −0.0006%	1h	9.1630	0.000%	$49K	—	150x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0020%	1h	9.1590	−0.044%	$592K	$185K	50x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−3.634%	$660	$154K	12x	as long as short
01 Exchange UNIUSDshort	+0.0080%	1h	9.1647	+0.019%	$457	—	10x
Nado UNI-PERP	+0.0100%	1h	9.1625	−0.005%	$980K	$4.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.1675	+0.049%	$1.1M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.1561	−0.075%	$305K	$589K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.1644	+0.015%	$232.8M	$603.2M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.1640	+0.011%	$103.2M	$107.9M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.1610	−0.022%	$56.5M	$256.7M	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	9.1720	+0.098%	$283K	$622K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.1640	+0.011%	$23.4M	$60.4M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.1630	0.000%	$46.5M	$24.5M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.1610	−0.022%	$13.6M	$13.7M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.1570	−0.065%	$33.8M	$43.1M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.1640	+0.011%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.1577	−0.058%	$1.0M	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.1621	−0.010%	$4.2M	$4.4M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.1705	+0.082%	$173K	$346K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.1763	+0.145%	$641K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.1690	+0.065%	$89K	$707K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.1700	+0.076%	$56K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.1642	+0.013%	$85K	$386K	10x	as long as short
Orderly PERP_UNI_USDClong	+0.0100%	8h	9.1630	long leg	$16K	$1.7M	10x
SunX UNI-USDT	+0.0100%	8h	9.1626	−0.004%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.1570	−0.065%	$22K	$711K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.1876	+0.268%	$725K	$4.4M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.1590	−0.044%	$27.6M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.1626	−0.005%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.1555	−0.082%	$309K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.1560	−0.076%	$32K	—	3x	as long as short
dYdX UNI-USD	+0.0200%	1h	9.1584	−0.050%	$246K	$24K	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.1600	−0.033%	$10.6M	$3.6M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0272%	1h	9.1650	+0.022%	$1.1M	$4.9M	50x	as long as short
Reya UNIRUSDPERP	+0.0367%	1h	9.1583	−0.051%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0323%	1h	9.1625	−0.005%	$579K	—	120x	as long as short
Kraken Futures PF_UNIUSD	+0.0383%	1h	9.1620	−0.011%	$5.1M	$7.1M	50x	as long as short
Hyperliquid UNI	+0.0538%	1h	9.1755	+0.137%	$101.1M	$59.9M	10x	as long as short
Lighter UNI	+0.0952%	1h	9.1736	+0.116%	$4.7M	$5.3M	15x	as long as short
Aftermath Perps UNIUSD	+0.1012%	1h	9.1909	+0.305%	$1K	$49K	10x	as long as short