Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0148%/8h= +16.2% APRpaid last 24h −0.005%

Price spread now: Orderly against 01 Exchange−0.099%46s7-day average — · you buy dearer than you sell

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

Long on 01 Exchange Short on Orderly

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—needs both histories

Funding pays, the price is against you. Orderly is 0.099% cheaper against 01 Exchange than usual: you would sell low and buy high (spread −0.099% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 2.2 days of funding at the current rate (+$4 a day). The two prices were read 46 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	01 Exchange UNIUSD	8.8147	−0.0048	get 0.0006% / 1h	49m 29s	$440	—	10x
Short	Orderly PERP_UNI_USDC	8.8060	0.0100	get 0.0100% / 8h	2h 49m	$15K	$1.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against 01 Exchange. 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 01 ExchangebpFee OrderlybpOrdersPrice spread, now −0.099%Rate

Funding earned: $31.08
Price spread: −0.099% → 0.000%: −$9.87
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Orderly: 3 bp × 2 orders: −$6
Net: $8.21
Costs to cover: 0.130%
Break-even: 5.2 days

Slippage unknown: 01 Exchange: no order-book sample; 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 01 Exchange no order-book sample	—	—	—	—	—
Sell Orderly no order-book sample	—	—	—	—	—

01 Exchange and 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
Variational Omni UNI	−0.0200%	8h	8.7965	−0.206%	$3.9M	$4.6M	—	as long as short
Bybit UNIUSDT	−0.0190%	8h	8.8050	−0.110%	$102.6M	$103.8M	75x	as long as short
01 Exchange UNIUSDlong	−0.0048%	1h	8.8147	long leg	$440	—	10x
Deribit UNI_USDC-PERPETUAL	0.0000%	1h	8.8138	−0.011%	$550K	$125K	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0006%	1h	8.8131	−0.018%	$79K	—	150x	as long as short
OKX UNI-USDT-SWAP	+0.0008%	8h	8.8050	−0.110%	$54.2M	$244.3M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8047	−0.113%	$25K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.8020	−0.144%	$847K	$3.9M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.8208	+0.070%	$1.0M	$3.4M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.8099	−0.055%	$296K	$559K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance UNIUSDT	+0.0100%	8h	8.8090	−0.065%	$215.8M	$593.5M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.8130	−0.019%	$272K	$605K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.8040	−0.121%	$22.9M	$58.9M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.8070	−0.087%	$42.6M	$24.4M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.8150	+0.003%	$13.7M	$13.6M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8080	−0.076%	$31.9M	$41.0M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.8040	−0.121%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8121	−0.029%	$975K	$2.4M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8216	+0.078%	$166K	$343K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8123	−0.028%	$618K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8070	−0.087%	$83K	$713K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8060	−0.099%	$105K	$3.2M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.8109	−0.043%	$86K	$323K	10x	as long as short
Orderly PERP_UNI_USDCshort	+0.0100%	8h	8.8060	−0.099%	$15K	$1.7M	10x
SunX UNI-USDT	+0.0100%	8h	8.8215	+0.077%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.8070	−0.087%	$28K	$659K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.8323	+0.200%	$722K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8080	−0.076%	$26.5M	$4.3M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8021	−0.143%	$307K	$1.4M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8109	−0.043%	$31K	$1K	3x	as long as short
dYdX UNI-USD	+0.0185%	1h	8.8090	−0.065%	$244K	$5K	10x	as long as short
Coinbase International UNI-PERP-INTX	+0.0200%	1h	8.8210	+0.071%	$1.0M	$5.3M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.8060	−0.099%	$9.8M	$3.3M	75x	as long as short
Kraken Futures PF_UNIUSD	+0.0270%	1h	8.8132	−0.017%	$4.9M	$7.1M	50x	as long as short
Hyperliquid UNI	+0.0359%	1h	8.8216	+0.078%	$95.7M	$59.6M	10x	as long as short
Reya UNIRUSDPERP	+0.0359%	1h	8.8022	−0.142%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0380% / S −0.0320%	1h	8.8108	−0.044%	$552K	—	120x	as long as short
Lighter UNI	+0.0416%	1h	8.8222	+0.085%	$4.5M	$5.3M	15x	as long as short
Aftermath Perps UNIUSD	+0.0484%	1h	8.8179	+0.036%	$1K	$50K	10x	as long as short
Injective UNI/USDC PERP	+0.2702%	1h	8.7900	−0.280%	$657	$97K	12x	as long as short