Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.003%

Price spread now: Bybit against Variational Omni+0.265%7-day average −0.021% · you sell dearer than you buy

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

Long on Variational Omni Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.008%+$1 on $10k

Price spread, last 7 days−0.247%−$25 · spread now +0.265%, 7d avg −0.021%

Together, before fees−0.239%+ Points / potential airdropVariational Omni: Active · farm board−$24 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: Bybit is 0.286% dearer against Variational Omni than usual: you sell high and buy low, +$29 on $10k if it goes back to its 7-day average of −0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni UNI	9.0819	0.0100	pay 0.0100% / 8h	5h 45m	$4.2M	$4.2M	—
Short	Bybit UNIUSDT	9.1060	0.0100	get 0.0100% / 8h	5h 45m	$102.5M	$108.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Variational Omni. 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 Variational OmnibpFee BybitbpOrdersPrice spread, now +0.265%Rate

Funding earned: $0
Price spread: +0.265% → −0.021%: $28.59
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $17.59
Costs to cover: 0.110%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Bybit: live order book, 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 Variational Omni RFQ quote, 4 min ago	3.25 bp	doesn't fit	14.6 bp −$146	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	0.55 bp	10.3 bp −$10	17.2 bp −$172	36.2 bp −$3,622	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
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	9.1057	+0.262%	$19K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−2.774%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0088%	1h	9.1066	+0.272%	$454	$5	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.0970	+0.166%	$946K	$4.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.1120	+0.331%	$1.0M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.0882	+0.069%	$296K	$570K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.1098	+0.307%	$227.3M	$609.3M	75x	as long as short
Bybit UNIUSDTshort	+0.0100%	8h	9.1060	+0.265%	$102.5M	$108.0M	75x
OKX UNI-USDT-SWAP	+0.0100%	8h	9.1040	+0.243%	$56.2M	$253.4M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.1080	+0.287%	$288K	$619K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate UNI_USDT	+0.0100%	8h	9.1050	+0.254%	$23.5M	$59.3M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.1090	+0.298%	$49.4M	$25.0M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.1110	+0.320%	$13.6M	$12.9M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.1040	+0.243%	$33.4M	$42.7M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.1040	+0.243%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.0777	−0.046%	$989K	$2.2M	10x	as long as short
Variational Omni UNIlong	+0.0100%	8h	9.0819	long leg	$4.2M	$4.2M	—
edgeX UNIUSDC	+0.0100%	4h	9.0612	−0.228%	$171K	$346K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0730	−0.098%	$634K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0770	−0.054%	$89K	$699K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0830	+0.012%	$58K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.1104	+0.314%	$88K	$411K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.1080	+0.287%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.1164	+0.380%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.1072	+0.278%	$22K	$750K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.1120	+0.331%	$719K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.1130	+0.342%	$27.5M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.0967	+0.163%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.1017	+0.217%	$302K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0907	+0.096%	$32K	—	3x	as long as short
dYdX UNI-USD	+0.0193%	1h	9.0903	+0.092%	$239K	$30K	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.1120	+0.331%	—	$3.6M	75x	as long as short
Kraken Futures PF_UNIUSD	+0.0269%	1h	9.1112	+0.323%	$5.1M	$7.2M	50x	as long as short
Coinbase International UNI-PERP-INTX	+0.0296%	1h	9.1140	+0.353%	$1.1M	$5.0M	50x	as long as short
Reya UNIRUSDPERP	+0.0370%	1h	9.1052	+0.256%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.1062	+0.267%	$648K	—	120x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0442%	1h	9.1129	+0.342%	$587K	$191K	50x	as long as short
Hyperliquid UNI	+0.0548%	1h	9.1239	+0.462%	$99.5M	$59.1M	10x	as long as short
Lighter UNI	+0.0592%	1h	9.1023	+0.225%	$4.7M	$5.6M	15x	as long as short
Aftermath Perps UNIUSD	+0.0953%	1h	9.1021	+0.223%	$874	$47K	10x	as long as short