Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0271%/8h= +29.7% APRpaid last 24h +0.104%

Price spread now: Reya against Variational Omni−0.418%7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on Reya

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 airdropVariational Omni: Active · Reya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.418% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.418% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$42 on $10k: about 5.1 days of funding at the current rate (+$8 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni UNI	9.1490	0.0100	pay 0.0100% / 8h	4h 52m	$4.3M	$4.3M	—
Short	Reya UNIRUSDPERP	9.1107	0.0371	get 0.0046% / 1h	52m 22s	$17K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Variational Omni. 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 Variational OmnibpFee ReyabpOrdersPrice spread, now −0.418%Rate

Funding earned: $57.01
Price spread: −0.418% → 0.000%: −$41.84
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Reya: 3 bp × 2 orders: −$6
Net: $9.17
Costs to cover: 0.060%
Break-even: 5.9 days

Slippage unknown: Variational Omni: RFQ quote, 2 min ago; Reya: 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, 2 min ago	3.25 bp	doesn't fit	15.5 bp −$155	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

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
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	9.0876	−0.671%	$37K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−3.487%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0056%	1h	9.1033	−0.499%	$454	$5	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.1027	−0.505%	$913K	$4.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.1090	−0.437%	$1.0M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.1071	−0.458%	$297K	$589K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.0880	−0.667%	$224.9M	$625.6M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.0820	−0.732%	$102.0M	$110.5M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.0840	−0.710%	$55.8M	$257.0M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.1110	−0.415%	$289K	$613K	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	9.1070	−0.459%	$23.1M	$62.0M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.1130	−0.393%	$48.8M	$25.2M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.1130	−0.393%	$13.7M	$13.1M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0800	−0.754%	$33.4M	$43.9M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.0900	−0.645%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.1293	−0.215%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNIlong	+0.0100%	8h	9.1490	long leg	$4.3M	$4.3M	—
edgeX UNIUSDC	+0.0100%	4h	9.1329	−0.176%	$172K	$344K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.1208	−0.308%	$635K	$2.7M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0950	−0.590%	$89K	$694K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.1110	−0.415%	$36K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.1131	−0.392%	$87K	$421K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.0830	−0.721%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.1196	−0.321%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.1201	−0.316%	$22K	$781K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.1300	−0.208%	$717K	$4.5M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.1210	−0.306%	$27.6M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0101%	8h	9.1026	−0.507%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0965	−0.573%	$301K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0825	−0.727%	$32K	—	3x	as long as short
dYdX UNI-USD	+0.0161%	1h	9.1055	−0.476%	$240K	$30K	10x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0172%	1h	9.1218	−0.297%	$584K	$193K	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.1200	−0.317%	$10.4M	$3.6M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0248%	1h	9.1340	−0.164%	$1.1M	$5.4M	50x	as long as short
Kraken Futures PF_UNIUSD	+0.0268%	1h	9.1254	−0.258%	$5.1M	$7.8M	50x	as long as short
Reya UNIRUSDPERPshort	+0.0371%	1h	9.1107	−0.418%	$17K	—	20x
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.0867	−0.680%	$647K	—	120x	as long as short
Lighter UNI	+0.0400%	1h	9.1158	−0.363%	$4.6M	$5.8M	15x	as long as short
Hyperliquid UNI	+0.0544%	1h	9.1242	−0.271%	$99.2M	$61.4M	10x	as long as short
Aftermath Perps UNIUSD	+0.1014%	1h	9.1233	−0.280%	$1K	$46K	10x	as long as short