Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.018%

Price spread now: OKX against ApeX Omni−0.801%7-day average −0.098% · you buy dearer than you sell

Net, funding: paid 7d − costs−$52as in the Funding arb table

Net, price: spread back to 7d avg − costs−$114as in the Price arb table

costs, in and out, $10k−$440.436% of the position

Long on ApeX Omni Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.087%−$9 on $10k

Price spread, last 3 days (all we have)+0.895%+$90 · spread now −0.801%, 7d avg −0.098%

Together, before fees+0.809%+$81 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: OKX is 0.703% cheaper against ApeX Omni than usual: you would sell low and buy high, −$70 on $10k if it goes back to its 7-day average of −0.098%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni UNIUSDT	9.1120	0.0100	pay 0.0013% / 1h	1m 10s	$89K	$706K	50x
Short	OKX UNI-USDT-SWAP	9.0390	0.0100	get 0.0100% / 8h	7h 01m	$56.0M	$253.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.801%Rate

Funding earned: $0
Price spread: −0.801% → −0.098%: −$70.34
Slippage, 4 orders: −$23.61
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$113.95
Costs to cover: 0.436%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 7 min ago; OKX: live order book, 3 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, 7 min ago	6.02 bp	13.4 bp −$13	108.6 bp −$1,086	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	0.55 bp	8.0 bp −$8	13.7 bp −$137	51.8 bp −$5,175	doesn't fit

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
Deribit UNI_USDC-PERPETUAL	0.0000%	1h	9.0386	−0.806%	$584K	$186K	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	9.0369	−0.824%	$19K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−3.095%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0096%	1h	9.0448	−0.737%	$451	—	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.0435	−0.752%	$963K	$4.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.0394	−0.797%	$1.0M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.0650	−0.516%	$300K	$586K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.0408	−0.782%	$228.9M	$602.0M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.0410	−0.779%	$101.8M	$107.4M	75x	as long as short
OKX UNI-USDT-SWAPshort	+0.0100%	8h	9.0390	−0.801%	$56.0M	$253.6M	50x

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus UNI-USD	+0.0100%	1h	9.0590	−0.582%	$279K	$618K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.0380	−0.812%	$23.1M	$60.9M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0400	−0.790%	$50.3M	$25.4M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0450	−0.735%	$13.6M	$13.6M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0360	−0.834%	$33.1M	$42.8M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.0380	−0.812%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.0372	−0.821%	$990K	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.0329	−0.868%	$4.1M	$4.4M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.1109	−0.012%	$172K	$346K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.1234	+0.125%	$639K	$2.6M	10x	as long as short
ApeX Omni UNIUSDTlong	+0.0100%	1h	9.1120	long leg	$89K	$706K	50x
StandX UNI-USD	+0.0100%	1h	9.0670	−0.494%	$56K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.0453	−0.732%	$87K	$401K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.0370	−0.823%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.0387	−0.804%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.0314	−0.885%	$22K	$713K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.0580	−0.593%	$719K	$4.4M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.0440	−0.746%	$27.3M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.0526	−0.652%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0317	−0.882%	$304K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0341	−0.855%	$32K	—	3x	as long as short
dYdX UNI-USD	+0.0202%	1h	9.0675	−0.489%	$243K	$24K	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.0450	−0.735%	$10.5M	$3.6M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0272%	1h	9.0500	−0.680%	$1.1M	$4.8M	50x	as long as short
Reya UNIRUSDPERP	+0.0367%	1h	9.0335	−0.862%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.0355	−0.840%	$644K	—	120x	as long as short
Kraken Futures PF_UNIUSD	+0.0389%	1h	9.0380	−0.813%	$5.0M	$7.0M	50x	as long as short
Hyperliquid UNI	+0.0509%	1h	9.0463	−0.721%	$99.3M	$58.8M	10x	as long as short
Lighter UNI	+0.0944%	1h	9.0549	−0.627%	$4.7M	$5.5M	15x	as long as short
Aftermath Perps UNIUSD	+0.1067%	1h	9.1143	+0.025%	$982	$49K	10x	as long as short