Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: ApeX Omni against SoDEX−0.189%7-day average +0.071% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$73as in the Price arb table

costs, in and out, $10k−$470.475% of the position

Long on SoDEX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.001%$0 on $10k

Price spread, last 4 days (all we have)−0.115%−$11 · spread now −0.189%, 7d avg +0.071%

Together, before fees−0.115%−$12 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 0.260% cheaper against SoDEX than usual: you would sell low and buy high, −$26 on $10k if it goes back to its 7-day average of +0.071%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX UNI-USD	8.9990	0.0100	pay 0.0013% / 1h	13m 11s	$32K	$865K	10x
Short	ApeX Omni UNIUSDT	8.9820	0.0100	get 0.0013% / 1h	13m 11s	$90K	$708K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against SoDEX. 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 SoDEXbpFee ApeX OmnibpOrdersPrice spread, now −0.189%Rate

Funding earned: $0
Price spread: −0.189% → +0.071%: −$26.02
Slippage, 4 orders: −$29.47
Fee SoDEX: 4 bp × 2 orders: −$8
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$73.49
Costs to cover: 0.475%
Break-even: never at this rate

Slippage from SoDEX: live order book, 36 min ago; ApeX Omni: live order book, 35 min ago.

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 SoDEX live order book, 36 min ago	0.62 bp	9.9 bp −$10	28.7 bp −$287	135.7 bp −$13.6K	doesn't fit
Sell ApeX Omni live order book, 35 min ago	6.17 bp	14.3 bp −$14	112.1 bp −$1,121	doesn't fit	doesn't fit

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
Nado UNI-PERP	−0.0048%	1h	9.0130	+0.156%	$813K	$4.6M	10x	as long as short
Kraken Futures PF_UNIUSD	−0.0017%	1h	9.0002	+0.013%	$4.8M	$8.4M	50x	as long as short
01 Exchange UNIUSD	−0.0008%	1h	9.0236	+0.273%	$450	$5	10x	as long as short
Deribit UNI_USDC-PERPETUAL	0.0000%	1h	9.0068	+0.087%	$576K	$202K	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0007%	1h	9.0097	+0.119%	$49K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−1.878%	$660	$153K	12x	as long as short
Polymarket Perps UNI-USD	+0.0094%	1h	9.0185	+0.217%	$103K	$561K	10x	as long as short
Lighter UNI	+0.0096%	1h	9.0102	+0.124%	$4.5M	$5.6M	15x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.0207	+0.241%	$26K	—	20x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.0022	+0.036%	$747K	$3.6M	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	9.0197	+0.230%	$289K	$612K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.0040	+0.056%	$219.7M	$658.0M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.0000	+0.011%	$100.6M	$111.6M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.0020	+0.033%	$54.8M	$267.8M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.0270	+0.311%	$322K	$705K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.0130	+0.156%	$24.7M	$66.4M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0150	+0.178%	$49.7M	$27.2M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0160	+0.189%	$13.1M	$13.4M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.9990	0.000%	$33.2M	$45.6M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.0100	+0.122%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.0115	+0.139%	$1.1M	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	8.9660	−0.366%	$4.1M	$4.2M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.9755	−0.261%	$170K	$347K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.9851	−0.155%	$623K	$2.8M	10x	as long as short
ApeX Omni UNIUSDTshort	+0.0100%	1h	8.9820	−0.189%	$90K	$708K	50x
StandX UNI-USD	+0.0100%	1h	8.9970	−0.022%	$15K	$3.5M	20x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.0040	+0.056%	$17K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.0091	+0.112%	$36K	$1.4M	30x	as long as short
SoDEX UNI-USDlong	+0.0100%	1h	8.9990	long leg	$32K	$865K	10x
HTX UNI-USDT	+0.0100%	8h	9.0182	+0.213%	$703K	$5.0M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.0010	+0.022%	$27.2M	$4.5M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.9980	−0.011%	$302K	$1.7M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0018	+0.032%	$32K	—	3x	as long as short
dYdX UNI-USD	+0.0160%	1h	9.0156	+0.184%	$237K	$31K	10x	as long as short
Hyperliquid UNI	+0.0172%	1h	9.0300	+0.344%	$96.3M	$66.4M	10x	as long as short
Coinbase International UNI-PERP-INTX	+0.0184%	1h	9.0230	+0.267%	$946K	$5.6M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.0010	+0.022%	$10.1M	$3.7M	75x	as long as short
Reya UNIRUSDPERP	+0.0377%	1h	9.0107	+0.130%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0243%	1h	9.0098	+0.120%	$641K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0464%	1h	8.9608	−0.425%	$964	$54K	10x	as long as short