Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0279%/8h= −30.5% APRpaid last 24h −0.096%

Price spread now: OKX against Reya+0.017%7-day average — · you sell dearer than you buy

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

Long on Reya Short on OKX

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—+ Points / potential airdropReya: Active · farm boardneeds 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: −$8 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya UNIRUSDPERP	9.0104	0.0365	pay 0.0046% / 1h	56m 59s	$16K	—	20x
Short	OKX UNI-USDT-SWAP	9.0120	0.0086	get 0.0086% / 8h	7h 56m	$55.1M	$250.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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

Position, each leg$Hold fordaysFee ReyabpFee OKXbpOrdersPrice spread, now +0.017%Rate

Funding earned: −$58.51
Price spread: +0.017% → 0.000%: $1.73
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee OKX: 5 bp × 2 orders: −$10
Net: −$72.78
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; OKX: 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 Reya no order-book sample	—	—	—	—	—
Sell OKX live order book, 2 min ago	1.11 bp	8.0 bp −$8	12.8 bp −$128	66.7 bp −$6,672	doesn'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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange UNIUSD	−0.0016%	1h	9.0069	−0.039%	$449	—	10x	as long as short
dYdX UNI-USD	0.0000%	1h	8.9980	−0.138%	$249K	$6K	10x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	9.0176	+0.079%	$62K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−2.003%	$660	$154K	12x	as long as short
Phemex UNIUSDT	+0.0052%	8h	9.0150	+0.051%	$27.2M	$4.5M	50x	as long as short
Gate UNI_USDT	+0.0056%	8h	9.0110	+0.006%	$22.9M	$57.2M	75x	as long as short
OKX UNI-USDT-SWAPshort	+0.0086%	8h	9.0120	+0.017%	$55.1M	$250.1M	50x
Variational Omni UNI	+0.0090%	8h	9.0023	−0.091%	$4.1M	$4.4M	—	as long as short
Nado UNI-PERP	+0.0100%	1h	9.0115	+0.012%	$948K	$4.2M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.0198	+0.104%	$1.0M	$3.3M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica UNI	+0.0100%	1h	9.0016	−0.098%	$299K	$591K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.0105	0.000%	$223.0M	$592.1M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.0070	−0.038%	$101.7M	$106.1M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.0100	−0.005%	$270K	$614K	10x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0120	+0.017%	$44.1M	$23.3M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0170	+0.073%	$13.6M	$13.5M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0110	+0.006%	$33.0M	$42.2M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.0080	−0.027%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.0166	+0.068%	$1.1M	$2.4M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.9877	−0.252%	$169K	$342K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0010	−0.105%	$626K	$2.5M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0080	−0.027%	$88K	$708K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.9860	−0.271%	$36K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.0129	+0.027%	$86K	$372K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.0110	+0.006%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.0070	−0.038%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.0113	+0.009%	$21K	$680K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.0219	+0.127%	$723K	$4.4M	75x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.9999	−0.117%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0098	−0.007%	$302K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0109	+0.005%	$32K	—	3x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0167%	1h	9.0185	+0.089%	$581K	$178K	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.0140	+0.039%	$10.0M	$3.5M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0272%	1h	9.0190	+0.095%	$1.1M	$5.4M	50x	as long as short
Hyperliquid UNI	+0.0290%	1h	9.0242	+0.153%	$98.8M	$59.7M	10x	as long as short
Reya UNIRUSDPERPlong	+0.0365%	1h	9.0104	long leg	$16K	—	20x
GMX UNI/USD [UNI-USDC]	L +0.0382% / S −0.0323%	1h	9.0185	+0.089%	$570K	—	120x	as long as short
Kraken Futures PF_UNIUSD	+0.0389%	1h	9.0199	+0.104%	$5.0M	$7.0M	50x	as long as short
Lighter UNI	+0.0680%	1h	9.0318	+0.237%	$4.6M	$5.2M	15x	as long as short
Aftermath Perps UNIUSD	+0.0863%	1h	8.9956	−0.165%	$1K	$49K	10x	as long as short