Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0059%/8h= −6.5% APRpaid last 24h −0.038%

Price spread now: Variational Omni against StandX+0.005%57s7-day average −0.100% · you sell dearer than you buy

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

Long on StandX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.062%−$6 on $10k

Price spread, last 7 days−0.058%−$6 · spread now +0.005%, 7d avg −0.100%

Together, before fees−0.121%+ Points / potential airdropStandX: Active · Variational Omni: Active · farm board−$12 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Variational Omni is 0.106% dearer against StandX than usual: you sell high and buy low (spread +0.005% now, against its 7-day average of −0.100%): +$11 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 5.9 days. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	StandX UNI-USD	9.0030	0.0100	pay 0.0013% / 1h	30m 33s	$36K	$3.3M	20x
Short	Variational Omni UNI	9.0035	0.0041	get 0.0041% / 8h	30m 33s	$4.1M	$4.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against StandX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 StandXbpFee Variational OmnibpOrdersPrice spread, now +0.005%Rate

Funding earned: −$12.45
Price spread: +0.005% → −0.100%: $10.56
Slippage, 4 orders: no order book: not counted
Fee StandX: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$9.89
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: StandX: live order book, 3 min ago; Variational Omni: RFQ quote, 4 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 StandX live order book, 3 min ago	5.55 bp	16.6 bp −$17	48.9 bp −$489	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 4 min ago	3.26 bp	doesn't fit	12.7 bp −$127	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
Injective UNI/USDC PERP	−0.0049%	1h	8.8300	−1.922%	$660	$155K	12x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	9.0076	+0.051%	$62K	—	150x	as long as short
Variational Omni UNIshort	+0.0041%	8h	9.0035	+0.005%	$4.1M	$4.4M	—
dYdX UNI-USD	+0.0057%	1h	8.9938	−0.102%	$249K	$6K	10x	as long as short
Bybit UNIUSDT	+0.0081%	8h	8.9840	−0.211%	$102.1M	$105.0M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0088%	8h	8.9840	−0.211%	$55.1M	$248.9M	50x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.9955	−0.083%	$947K	$4.2M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.9954	−0.084%	$1.0M	$3.3M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.9925	−0.117%	$298K	$591K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.9860	−0.189%	$222.2M	$589.5M	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	8.9950	−0.089%	$278K	$620K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.9870	−0.178%	$23.0M	$58.7M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.9940	−0.100%	$43.7M	$24.0M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.9930	−0.111%	$13.7M	$13.5M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.9840	−0.211%	$32.8M	$42.0M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	8.9860	−0.189%	—	$51.9M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.0064	+0.038%	$1.0M	$2.4M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.0166	+0.151%	$169K	$344K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0169	+0.155%	$637K	$2.5M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0300	+0.300%	$89K	$712K	50x	as long as short
StandX UNI-USDlong	+0.0100%	1h	9.0030	long leg	$36K	$3.3M	20x
Polymarket Perps UNI-USD	+0.0100%	1h	9.0089	+0.066%	$87K	$362K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.0030	0.000%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.0130	+0.111%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.0033	+0.003%	$25K	$674K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.0058	+0.031%	$735K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.0040	+0.011%	$27.2M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.9883	−0.163%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	8.9840	−0.211%	$303K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0027	−0.003%	$32K	$1K	3x	as long as short
01 Exchange UNIUSD	+0.0184%	1h	8.9899	−0.146%	$449	—	10x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0189%	1h	9.0078	+0.053%	$580K	$176K	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.9970	−0.067%	$10.1M	$3.5M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0232%	1h	9.0110	+0.089%	$1.1M	$5.4M	50x	as long as short
Reya UNIRUSDPERP	+0.0364%	1h	9.0039	+0.009%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0380% / S −0.0320%	1h	9.0081	+0.057%	$567K	—	120x	as long as short
Kraken Futures PF_UNIUSD	+0.0562%	1h	9.0086	+0.062%	$5.0M	$7.0M	50x	as long as short
Hyperliquid UNI	+0.0563%	1h	9.0018	−0.013%	$98.7M	$59.0M	10x	as long as short
Aftermath Perps UNIUSD	+0.0801%	1h	9.0211	+0.201%	$1K	$49K	10x	as long as short
Lighter UNI	+0.0936%	1h	9.0096	+0.073%	$4.6M	$5.2M	15x	as long as short