Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Orderly against ApeX Omni−0.145%70s7-day average −0.072% · you buy dearer than you sell

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

Long on ApeX Omni Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days+0.012%+$1 on $10k

Price spread, last 4 days (all we have)+0.463%+$46 · spread now −0.145%, 7d avg −0.072%

Together, before fees+0.476%+$48 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: Orderly is 0.073% cheaper against ApeX Omni than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.072%. The two prices were read 70 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	ApeX Omni UNIUSDT	8.9420	0.0100	pay 0.0013% / 1h	30m 09s	$90K	$709K	50x
Short	Orderly PERP_UNI_USDC	8.9290	0.0100	get 0.0100% / 8h	1h 30m	$16K	$1.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against ApeX Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 OrderlybpOrdersPrice spread, now −0.145%Rate

Funding earned: $0
Price spread: −0.145% → −0.072%: −$7.31
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$23.31
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: ApeX Omni: live order book, 14 min ago; 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 ApeX Omni live order book, 14 min ago	6.16 bp	13.5 bp −$13	97.6 bp −$976	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

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
Polymarket Perps UNI-USD	−0.0166%	1h	8.9264	−0.174%	$107K	$618K	10x	as long as short
Kraken Futures PF_UNIUSD	−0.0017%	1h	8.9419	−0.001%	$4.7M	$8.7M	50x	as long as short
01 Exchange UNIUSD	−0.0008%	1h	8.9202	−0.244%	$445	$5	10x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0007%	1h	8.9289	−0.146%	$49K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−1.253%	$660	$153K	12x	as long as short
Nado UNI-PERP	+0.0086%	1h	8.9230	−0.212%	$738K	$4.7M	10x	as long as short
Lighter UNI	+0.0096%	1h	8.9453	+0.037%	$4.5M	$5.7M	15x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.9220	−0.224%	$25K	—	20x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.9372	−0.054%	$736K	$3.6M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.9240	−0.201%	$285K	$591K	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	8.9320	−0.112%	$215.5M	$658.7M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	8.9290	−0.145%	$99.2M	$112.1M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	8.9290	−0.145%	$54.2M	$266.3M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.9250	−0.190%	$318K	$698K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.9310	−0.123%	$25.1M	$66.6M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.9330	−0.101%	$49.2M	$26.5M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.9370	−0.056%	$13.1M	$13.4M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.9290	−0.145%	$32.7M	$45.4M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.9320	−0.112%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.9350	−0.078%	$1.1M	$2.5M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	8.9219	−0.224%	$4.1M	$4.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.9342	−0.088%	$169K	$347K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.9190	−0.257%	$630K	$2.7M	10x	as long as short
ApeX Omni UNIUSDTlong	+0.0100%	1h	8.9420	long leg	$90K	$709K	50x
StandX UNI-USD	+0.0100%	1h	8.9170	−0.280%	$15K	$3.5M	20x	as long as short
Orderly PERP_UNI_USDCshort	+0.0100%	8h	8.9290	−0.145%	$16K	$1.9M	10x
SunX UNI-USDT	+0.0100%	8h	8.9368	−0.058%	$36K	$1.4M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.9305	−0.129%	$32K	$886K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.9500	+0.089%	$700K	$4.8M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.9350	−0.078%	$27.0M	$4.5M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.9276	−0.161%	$294K	$1.7M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.9325	−0.106%	$32K	—	3x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0178%	1h	8.9392	−0.031%	$589K	$250K	50x	as long as short
dYdX UNI-USD	+0.0178%	1h	8.9240	−0.201%	$235K	$31K	10x	as long as short
Coinbase International UNI-PERP-INTX	+0.0192%	1h	8.9420	0.000%	$931K	$5.5M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.9230	−0.212%	$10.0M	$3.6M	75x	as long as short
Hyperliquid UNI	+0.0242%	1h	8.9362	−0.065%	$95.0M	$67.7M	10x	as long as short
Reya UNIRUSDPERP	+0.0378%	1h	8.9270	−0.167%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0243%	1h	8.9281	−0.156%	$635K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0483%	1h	8.9254	−0.185%	$1K	$53K	10x	as long as short