Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.027%

Price spread now: Variational Omni against Binance−0.362%7-day average −0.040% · you buy dearer than you sell

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

Long on Binance Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.051%−$5 on $10k

Price spread, last 7 days+0.293%+$29 · spread now −0.362%, 7d avg −0.040%

Together, before fees+0.242%+ Points / potential airdropVariational Omni: Active · farm board+$24 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: Variational Omni is 0.322% cheaper against Binance than usual: you would sell low and buy high, −$32 on $10k if it goes back to its 7-day average of −0.040%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance UNIUSDT	9.1960	0.0100	pay 0.0100% / 8h	5h 10m	$228.3M	$621.9M	75x
Short	Variational Omni UNI	9.1627	0.0100	get 0.0100% / 8h	5h 10m	$4.3M	$4.2M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Binance. 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 BinancebpFee Variational OmnibpOrdersPrice spread, now −0.362%Rate

Funding earned: $0
Price spread: −0.362% → −0.040%: −$32.17
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$42.17
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 3 min ago; Variational Omni: RFQ quote, 3 min ago. 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 Binance live order book, 3 min ago	1.09 bp	7.2 bp −$7	14.2 bp −$142	43.4 bp −$4,342	174.3 bp −$87.2K
Sell Variational Omni RFQ quote, 3 min ago	3.25 bp	doesn't fit	12.4 bp −$124	doesn't fit	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
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0006%	1h	9.2027	+0.073%	$49K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−3.980%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0056%	1h	9.1881	−0.086%	$458	$5	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.1870	−0.098%	$957K	$4.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.2046	+0.093%	$1.0M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.1666	−0.319%	$298K	$573K	10x	as long as short
Binance UNIUSDTlong	+0.0100%	8h	9.1960	long leg	$228.3M	$621.9M	75x
Bybit UNIUSDT	+0.0100%	8h	9.1940	−0.022%	$103.4M	$109.9M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.1920	−0.043%	$57.0M	$258.6M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.1860	−0.109%	$291K	$618K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate UNI_USDT	+0.0100%	8h	9.1960	0.000%	$23.6M	$61.9M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.1970	+0.011%	$49.5M	$25.3M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.1990	+0.033%	$13.8M	$13.0M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.1920	−0.043%	$33.7M	$43.4M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.1940	−0.022%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.2081	+0.132%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNIshort	+0.0100%	8h	9.1627	−0.362%	$4.3M	$4.2M	—
edgeX UNIUSDC	+0.0100%	4h	9.1978	+0.020%	$173K	$343K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.1893	−0.073%	$642K	$2.7M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.2110	+0.163%	$90K	$694K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.1890	−0.076%	$56K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.1947	−0.014%	$88K	$419K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.2010	+0.054%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.2082	+0.133%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.2037	+0.084%	$22K	$772K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.2020	+0.065%	$725K	$4.5M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.2000	+0.043%	$27.8M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.1552	−0.443%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.1944	−0.017%	$312K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.2048	+0.095%	$33K	—	3x	as long as short
dYdX UNI-USD	+0.0121%	1h	9.1635	−0.354%	$241K	$31K	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.2030	+0.076%	$10.6M	$3.6M	75x	as long as short
Kraken Futures PF_UNIUSD	+0.0266%	1h	9.2125	+0.180%	$5.1M	$7.7M	50x	as long as short
Coinbase International UNI-PERP-INTX	+0.0296%	1h	9.2070	+0.120%	$1.1M	$5.4M	50x	as long as short
Reya UNIRUSDPERP	+0.0371%	1h	9.1896	−0.070%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.2008	+0.052%	$654K	—	120x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0467%	1h	9.2085	+0.136%	$590K	$193K	50x	as long as short
Hyperliquid UNI	+0.0551%	1h	9.2161	+0.219%	$100.5M	$61.7M	10x	as long as short
Lighter UNI	+0.0576%	1h	9.2186	+0.246%	$4.7M	$5.8M	15x	as long as short
Aftermath Perps UNIUSD	+0.1005%	1h	9.2050	+0.098%	$893	$47K	10x	as long as short