Settings8H · net · $10k
Funding arb · Price arb /

UNI

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0265%/8h= −29.0% APRnext payment $0.33 per $10,000 · paid last 24h −0.072%
Price spread now: ApeX Omni against Reya−0.027%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropReya: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and ApeX Omni is 0.027% cheaper against Reya than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongReya UNIRUSDPERP9.01040.0365pay 0.0046% / 1h57m 02s$16K20x
ShortApeX Omni UNIUSDT9.00800.0100get 0.0013% / 1h57m 02s$88K$708K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Reya. 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

Funding earned
−$55.66
Price spread: −0.027% → 0.000%
−$2.71
Slippage, 4 orders
no order book: not counted
Fee Reya: 3 bp × 2 orders
−$6
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$74.38
Costs to cover
0.160%
Break-even
never at this rate
Slippage unknown: Reya: no order-book sample; ApeX Omni: live order book, 17 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Reya no order-book sample
Sell ApeX Omni live order book, 17 min ago10.58 bp19.6 bp −$20124.5 bp −$1,245doesn't fitdoesn't fit
Reya: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange UNIUSD−0.0016%1h9.0069−0.039%$44910xas long as short
dYdX UNI-USD0.0000%1h8.9980−0.138%$249K$6K10xas long as short
gTrade (Gains Network) UNI/USDL +0.0004% / S −0.0004%1h9.0176+0.079%$62K150xas long as short
Injective UNI/USDC PERP+0.0033%1h8.8300−2.003%$660$154K12xas long as short
Phemex UNIUSDT+0.0052%8h9.0150+0.051%$27.2M$4.5M50xas long as short
Gate UNI_USDT+0.0056%8h9.0110+0.006%$22.9M$57.2M75xas long as short
OKX UNI-USDT-SWAP+0.0086%8h9.0120+0.017%$55.1M$250.1M50xas long as short
Variational Omni UNI+0.0090%8h9.0023−0.091%$4.1M$4.4Mas long as short
Nado UNI-PERP+0.0100%1h9.0115+0.012%$948K$4.2M10xas long as short
Aster UNIUSDT+0.0100%8h9.0198+0.104%$1.0M$3.3M50xas long as short
Show all 40 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica UNI+0.0100%1h9.0016−0.098%$299K$591K10xas long as short
Binance UNIUSDT+0.0100%8h9.01050.000%$223.0M$592.1M75xas long as short
Bybit UNIUSDT+0.0100%8h9.0070−0.038%$101.7M$106.1M75xas long as short
Arcus UNI-USD+0.0100%1h9.0100−0.005%$270K$614K10xas long as short
MEXC UNI_USDT+0.0100%8h9.0120+0.017%$44.1M$23.3M200xas long as short
KuCoin UNIUSDTM+0.0100%8h9.0170+0.073%$13.6M$13.5M75xas long as short
Bitget UNIUSDT+0.0100%8h9.0110+0.006%$33.0M$42.2M75xas long as short
BingX UNI-USDC+0.0100%8h9.0080−0.027%$6.5Mas long as short
Backpack UNI_USDC_PERP+0.0100%1h9.0166+0.068%$1.1M$2.4M10xas long as short
edgeX UNIUSDC+0.0100%4h8.9877−0.252%$169K$342K20xas long as short
GRVT UNI_USDT_Perp+0.0100%8h9.0010−0.105%$626K$2.5M10xas long as short
ApeX Omni UNIUSDTshort+0.0100%1h9.0080−0.027%$88K$708K50x
StandX UNI-USD+0.0100%1h8.9860−0.271%$36K$3.3M20xas long as short
Polymarket Perps UNI-USD+0.0100%1h9.0129+0.027%$86K$372K10xas long as short
Orderly PERP_UNI_USDC+0.0100%8h9.0110+0.006%$16K$1.7M10xas long as short
SunX UNI-USDT+0.0100%8h9.0070−0.038%$37K$1.3M30xas long as short
SoDEX UNI-USD+0.0100%1h9.0113+0.009%$21K$680K10xas long as short
HTX UNI-USDT+0.0100%8h9.0219+0.127%$723K$4.4M75xas long as short
Paradex UNI-USD-PERP+0.0100%8h8.9999−0.117%$26K20xas long as short
Extended UNI-USD+0.0104%1h9.0098−0.007%$302K$1.5M25xas long as short
Aevo UNI-PERP+0.0104%1h9.0109+0.005%$32K3xas long as short
Deribit UNI_USDC-PERPETUAL+0.0167%1h9.0185+0.089%$581K$178K50xas long as short
BloFin UNI-USDT+0.0220%8h9.0140+0.039%$10.0M$3.5M75xas long as short
Coinbase International UNI-PERP-INTX+0.0272%1h9.0190+0.095%$1.1M$5.4M50xas long as short
Hyperliquid UNI+0.0290%1h9.0242+0.153%$98.8M$59.7M10xas long as short
Reya UNIRUSDPERPlong+0.0365%1h9.0104long leg$16K20x
GMX UNI/USD [UNI-USDC]L +0.0382% / S −0.0323%1h9.0185+0.089%$570K120xas long as short
Kraken Futures PF_UNIUSD+0.0389%1h9.0199+0.104%$5.0M$7.0M50xas long as short
Lighter UNI+0.0680%1h9.0318+0.237%$4.6M$5.2M15xas long as short
Aftermath Perps UNIUSD+0.0863%1h8.9956−0.165%$1K$49K10xas long as short