Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0120%/8h= +13.1% APRpaid last 24h +0.033%

Price spread now: BloFin against ApeX Omni−0.309%7-day average −0.032% · you buy dearer than you sell

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$72as in the Price arb table

costs, in and out, $10k−$440.443% of the position

Long on ApeX Omni Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.192%+$19 on $10k

Price spread, last 3 days (all we have)+0.543%+$54 · spread now −0.309%, 7d avg −0.032%

Together, before fees+0.736%+$74 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.276% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.309% now, against its 7-day average of −0.032%). If the spread goes back, that is −$28 on $10k: about 7.7 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni UNIUSDT	9.0750	0.0100	pay 0.0013% / 1h	44m 48s	$89K	$713K	50x
Short	BloFin UNI-USDT	9.0470	0.0220	get 0.0220% / 8h	44m 48s	$10.0M	$3.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against ApeX 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 ApeX OmnibpFee BloFinbpOrdersPrice spread, now −0.309%Rate

Funding earned: $25.2
Price spread: −0.309% → −0.032%: −$27.65
Slippage, 4 orders: −$22.28
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$46.73
Costs to cover: 0.443%
Break-even: 20.0 days

Slippage from ApeX Omni: live order book, 34 min ago; BloFin: live order book, 4 min ago.

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 ApeX Omni live order book, 34 min ago	5.06 bp	12.9 bp −$13	102.8 bp −$1,028	doesn't fit	doesn't fit
Sell BloFin live order book, 4 min ago	3.28 bp	9.3 bp −$9	14.5 bp −$145	33.2 bp −$3,320	92.7 bp −$46.4K

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
Injective UNI/USDC PERP	−0.0049%	1h	8.8300	−2.700%	$660	$155K	12x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	9.0479	−0.299%	$63K	—	150x	as long as short
Variational Omni UNI	+0.0015%	8h	9.0614	−0.150%	$4.1M	$4.4M	—	as long as short
Bybit UNIUSDT	+0.0059%	8h	9.0310	−0.485%	$103.0M	$104.5M	75x	as long as short
dYdX UNI-USD	+0.0077%	1h	9.0470	−0.309%	$251K	$6K	10x	as long as short
OKX UNI-USDT-SWAP	+0.0085%	8h	9.0400	−0.386%	$55.6M	$250.1M	50x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.0460	−0.320%	$957K	$4.2M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.0512	−0.262%	$1.0M	$3.3M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.0542	−0.229%	$301K	$586K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.0430	−0.353%	$223.7M	$588.8M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus UNI-USD	+0.0100%	1h	9.0620	−0.143%	$280K	$620K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.0470	−0.309%	$23.2M	$58.3M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0470	−0.309%	$43.6M	$23.9M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0480	−0.298%	$13.7M	$13.5M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0430	−0.353%	$32.9M	$41.9M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	9.0470	−0.309%	—	$51.9M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.1605	+0.942%	$172K	$344K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.1401	+0.717%	$646K	$2.5M	10x	as long as short
ApeX Omni UNIUSDTlong	+0.0100%	1h	9.0750	long leg	$89K	$713K	50x
StandX UNI-USD	+0.0100%	1h	9.0660	−0.099%	$36K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.0498	−0.278%	$88K	$355K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.0490	−0.287%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.0529	−0.244%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.0490	−0.287%	$25K	$669K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.0584	−0.183%	$739K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.0500	−0.275%	$27.3M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.0513	−0.261%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0389	−0.398%	$313K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0500	−0.275%	$32K	$1K	3x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0135%	1h	9.0524	−0.249%	$583K	$175K	50x	as long as short
Backpack UNI_USDC_PERP	+0.0202%	1h	9.0492	−0.284%	$1.0M	$2.4M	10x	as long as short
BloFin UNI-USDTshort	+0.0220%	8h	9.0470	−0.309%	$10.0M	$3.5M	75x
01 Exchange UNIUSD	+0.0232%	1h	9.0541	−0.230%	$452	—	10x	as long as short
Coinbase International UNI-PERP-INTX	+0.0232%	1h	9.0570	−0.198%	$1.1M	$5.4M	50x	as long as short
Reya UNIRUSDPERP	+0.0363%	1h	9.0425	−0.358%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0380% / S −0.0320%	1h	9.0485	−0.292%	$569K	—	120x	as long as short
Kraken Futures PF_UNIUSD	+0.0559%	1h	9.0549	−0.222%	$5.0M	$7.0M	50x	as long as short
Aftermath Perps UNIUSD	+0.0786%	1h	9.0724	−0.029%	$1K	$49K	10x	as long as short
Hyperliquid UNI	+0.0799%	1h	9.0509	−0.266%	$99.7M	$59.1M	10x	as long as short
Lighter UNI	+0.1040%	1h	9.0611	−0.153%	$4.6M	$5.2M	15x	as long as short