Funding arb · Price arb /

UNI

all UNI markets

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 +0.029%

Price spread now: Orderly against Variational Omni+0.200%7-day average +0.031% · you sell dearer than you buy

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

Long on Variational Omni Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.055%+$5 on $10k

Price spread, last 4 days (all we have)+0.348%+$35 · spread now +0.200%, 7d avg +0.031%

Together, before fees+0.402%+ Points / potential airdropVariational Omni: Active · farm board+$40 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: Orderly is 0.169% dearer against Variational Omni than usual: you sell high and buy low, +$17 on $10k if it goes back to its 7-day average of +0.031%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni UNI	9.0449	0.0100	pay 0.0100% / 8h	4h 04m	$4.2M	$4.1M	—
Short	Orderly PERP_UNI_USDC	9.0630	0.0100	get 0.0100% / 8h	4h 04m	$16K	$1.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.200%Rate

Funding earned: $0
Price spread: +0.200% → +0.031%: $16.9
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Orderly: 3 bp × 2 orders: −$6
Net: $10.9
Costs to cover: 0.060%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 5 min ago; Orderly: no order-book sample. 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, 5 min ago	3.25 bp	doesn't fit	15.0 bp −$150	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	9.0655	+0.228%	$37K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−2.376%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0056%	1h	9.0661	+0.234%	$452	$5	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.0685	+0.261%	$964K	$4.4M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.0652	+0.225%	$816K	$3.5M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.0550	+0.111%	$293K	$600K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.0668	+0.242%	$222.7M	$639.1M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.0620	+0.189%	$101.8M	$111.2M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.0620	+0.189%	$55.2M	$261.8M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.0710	+0.288%	$314K	$650K	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	9.0670	+0.244%	$23.6M	$64.0M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0650	+0.222%	$47.8M	$25.5M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0690	+0.266%	$13.6M	$13.2M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0640	+0.211%	$33.5M	$45.0M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	9.0690	+0.266%	—	$56.6M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.0589	+0.155%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNIlong	+0.0100%	8h	9.0449	long leg	$4.2M	$4.1M	—
edgeX UNIUSDC	+0.0100%	4h	9.0511	+0.068%	$171K	$345K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0530	+0.089%	$641K	$2.8M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0510	+0.067%	$95K	$701K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0490	+0.045%	$15K	$3.4M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.0655	+0.228%	$86K	$430K	10x	as long as short
Orderly PERP_UNI_USDCshort	+0.0100%	8h	9.0630	+0.200%	$16K	$1.5M	10x
SunX UNI-USDT	+0.0100%	8h	9.0703	+0.281%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.0660	+0.233%	$22K	$792K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.0760	+0.344%	$725K	$4.7M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.0700	+0.277%	$27.4M	$4.4M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.0465	+0.017%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0589	+0.155%	$293K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0645	+0.216%	$32K	—	3x	as long as short
dYdX UNI-USD	+0.0179%	1h	9.0563	+0.126%	$238K	$30K	10x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0200%	1h	9.0711	+0.289%	$581K	$207K	50x	as long as short
Lighter UNI	+0.0208%	1h	9.0819	+0.409%	$4.6M	$5.8M	15x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.0520	+0.078%	$10.3M	$3.6M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0248%	1h	9.0700	+0.277%	$951K	$5.9M	50x	as long as short
Kraken Futures PF_UNIUSD	+0.0270%	1h	9.0734	+0.315%	$5.0M	$8.0M	50x	as long as short
Hyperliquid UNI	+0.0314%	1h	9.0773	+0.358%	$98.3M	$62.4M	10x	as long as short
Reya UNIRUSDPERP	+0.0373%	1h	9.0647	+0.219%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.0676	+0.251%	$645K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0922%	1h	9.0709	+0.287%	$875	$46K	10x	as long as short