Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0397%/8h= −43.5% APRpaid last 24h −0.198%

Price spread now: Orderly against Aftermath Perps−0.109%7-day average — · you buy dearer than you sell

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

Long on Aftermath Perps Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 4 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

Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Orderly is 0.109% cheaper against Aftermath Perps than usual: you would sell low and buy high (−$11 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps UNIUSD	8.7586	0.0497	pay 0.0062% / 1h	27m 49s	$1K	$49K	10x
Short	Orderly PERP_UNI_USDC	8.7490	0.0100	get 0.0100% / 8h	5h 27m	$16K	$2.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Aftermath Perps. 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 Aftermath PerpsbpFee OrderlybpOrdersPrice spread, now −0.109%Rate

Funding earned: −$83.44
Price spread: −0.109% → 0.000%: −$10.92
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$109.35
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Aftermath Perps: 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 Aftermath Perps no order-book sample	—	—	—	—	—
Sell Orderly no order-book sample	—	—	—	—	—

Aftermath Perps 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 exchanges

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
Deribit UNI_USDC-PERPETUAL	0.0000%	1h	8.7555	−0.034%	$579K	$214K	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0005%	1h	8.7523	−0.072%	$75K	—	150x	as long as short
Nado UNI-PERP	+0.0009%	1h	8.7575	−0.012%	$660K	$3.9M	10x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	+0.816%	$660	$147K	12x	as long as short
01 Exchange UNIUSD	+0.0064%	1h	8.7621	+0.040%	$437	$56	10x	as long as short
OKX UNI-USDT-SWAP	+0.0095%	8h	8.7400	−0.212%	$54.0M	$220.0M	50x	as long as short
Lighter UNI	+0.0096%	1h	8.7554	−0.036%	$4.3M	$4.8M	15x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.7395	−0.218%	$25K	—	20x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.7497	−0.101%	$766K	$2.5M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.7450	−0.155%	$288K	$458K	10x	as long as short

Show all 40 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance UNIUSDT	+0.0100%	8h	8.7450	−0.155%	$212.4M	$562.9M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	8.7410	−0.200%	$96.6M	$95.9M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.7630	+0.051%	$318K	$518K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.7440	−0.166%	$27.7M	$55.7M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.7450	−0.155%	$45.9M	$20.9M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.7450	−0.155%	$12.9M	$11.0M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.7400	−0.212%	$32.5M	$41.8M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	8.7440	−0.166%	—	$49.9M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.7577	−0.010%	$1.1M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	8.7304	−0.321%	$4.0M	$2.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.7282	−0.347%	$164K	$346K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.7380	−0.235%	$619K	$2.2M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.7310	−0.315%	$88K	$714K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.7500	−0.098%	$92K	$3.4M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.7532	−0.061%	$87K	$600K	10x	as long as short
Orderly PERP_UNI_USDCshort	+0.0100%	8h	8.7490	−0.109%	$16K	$2.4M	10x
SunX UNI-USDT	+0.0100%	8h	8.7599	+0.015%	$36K	$1.1M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.7479	−0.122%	$32K	$726K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.7587	+0.002%	$701K	$3.8M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.7490	−0.109%	$26.4M	$4.6M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.7371	−0.245%	$292K	$1.7M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.7495	−0.103%	$31K	—	3x	as long as short
Kraken Futures PF_UNIUSD	+0.0132%	1h	8.7551	−0.039%	$4.7M	$7.6M	50x	as long as short
Hyperliquid UNI	+0.0141%	1h	8.7526	−0.068%	$93.8M	$61.0M	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.7520	−0.075%	$10.0M	$3.3M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0240%	1h	8.7590	+0.005%	$908K	$4.2M	50x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	8.7502	−0.095%	$622K	—	120x	as long as short
Reya UNIRUSDPERP	+0.0387%	1h	8.7491	−0.108%	$16K	—	20x	as long as short
Aftermath Perps UNIUSDlong	+0.0497%	1h	8.7586	long leg	$1K	$49K	10x
dYdX UNI-USD	+0.0553%	1h	8.7559	−0.030%	$229K	$32K	10x	as long as short