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% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against Bitget−0.395%83s7-day average +0.101% · you buy dearer than you sell

Net, funding: paid 7d − costs−$44as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$500.503% of the position

Long on Bitget Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.063%+$6 on $10k

Price spread, last 4 days (all we have)+0.666%+$67 · spread now −0.395%, 7d avg +0.101%

Together, before fees+0.729%+$73 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: ApeX Omni is 0.496% cheaper against Bitget than usual: you would sell low and buy high, −$50 on $10k if it goes back to its 7-day average of +0.101%. The two prices were read 83 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	Bitget UNIUSDT	8.8550	0.0100	pay 0.0100% / 8h	20m 15s	$32.4M	$45.2M	75x
Short	ApeX Omni UNIUSDT	8.8200	0.0100	get 0.0013% / 1h	20m 15s	$89K	$709K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bitget. 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 BitgetbpFee ApeX OmnibpOrdersPrice spread, now −0.395%Rate

Funding earned: $0
Price spread: −0.395% → +0.101%: −$49.62
Slippage, 4 orders: −$28.34
Fee Bitget: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$99.96
Costs to cover: 0.503%
Break-even: never at this rate

Slippage from Bitget: live order book, 4 min ago; ApeX Omni: live order book, 18 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 Bitget live order book, 4 min ago	0.57 bp	10.6 bp −$11	18.5 bp −$185	34.1 bp −$3,413	doesn't fit
Sell ApeX Omni live order book, 18 min ago	5.07 bp	15.3 bp −$15	103.3 bp −$1,033	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
Kraken Futures PF_UNIUSD	−0.0307%	1h	8.8605	+0.062%	$4.7M	$8.6M	50x	as long as short
01 Exchange UNIUSD	−0.0016%	1h	8.8583	+0.037%	$442	$5	10x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0005%	1h	8.8600	+0.056%	$73K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−0.282%	$660	$153K	12x	as long as short
Nado UNI-PERP	+0.0036%	1h	8.8522	−0.031%	$725K	$4.7M	10x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0066%	1h	8.8622	+0.081%	$587K	$269K	50x	as long as short
Polymarket Perps UNI-USD	+0.0068%	1h	8.8561	+0.012%	$105K	$615K	10x	as long as short
Lighter UNI	+0.0096%	1h	8.8682	+0.149%	$4.4M	$5.6M	15x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8516	−0.039%	$25K	—	20x	as long as short
Hyperliquid UNI	+0.0100%	1h	8.8660	+0.124%	$94.4M	$67.6M	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster UNIUSDT	+0.0100%	8h	8.8616	+0.074%	$720K	$3.3M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.8537	−0.014%	$286K	$599K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.8570	+0.023%	$214.5M	$651.7M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	8.8550	0.000%	$98.0M	$110.5M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	8.8560	+0.011%	$54.2M	$261.3M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.8620	+0.079%	$316K	$690K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.8550	0.000%	$26.1M	$66.5M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.8560	+0.011%	$48.0M	$26.3M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.8560	+0.011%	$13.0M	$13.3M	75x	as long as short
Bitget UNIUSDTlong	+0.0100%	8h	8.8550	long leg	$32.4M	$45.2M	75x
BingX UNI-USDT	+0.0100%	8h	8.8550	0.000%	—	$58.0M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8663	+0.128%	$1.0M	$2.5M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	8.8330	−0.249%	$4.1M	$4.1M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8146	−0.456%	$167K	$346K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8199	−0.396%	$612K	$2.6M	10x	as long as short
ApeX Omni UNIUSDTshort	+0.0100%	1h	8.8200	−0.395%	$89K	$709K	50x
StandX UNI-USD	+0.0100%	1h	8.8400	−0.169%	$14K	$3.4M	20x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8520	−0.034%	$16K	$2.2M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.8606	+0.063%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.8555	+0.006%	$32K	$886K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.8637	+0.098%	$700K	$4.7M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8530	−0.023%	$26.7M	$4.5M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8529	−0.024%	$285K	$1.7M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8580	+0.034%	$31K	—	3x	as long as short
Coinbase International UNI-PERP-INTX	+0.0200%	1h	8.8400	−0.169%	$920K	$5.4M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.8360	−0.215%	$10.1M	$3.6M	75x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0243%	1h	8.8585	+0.039%	$630K	—	120x	as long as short
Reya UNIRUSDPERP	+0.0381%	1h	8.8512	−0.043%	$16K	—	20x	as long as short
Aftermath Perps UNIUSD	+0.0403%	1h	8.8426	−0.139%	$977	$52K	10x	as long as short
dYdX UNI-USD	+0.0559%	1h	8.8474	−0.086%	$233K	$30K	10x	as long as short