Funding arb · Price arb /

UNI

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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 −0.003%

Price spread now: Variational Omni against Bybit+0.315%7-day average +0.020% · you sell dearer than you buy

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

Long on Bybit Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.008%−$1 on $10k

Price spread, last 7 days−0.329%−$33 · spread now +0.315%, 7d avg +0.020%

Together, before fees−0.337%+ Points / potential airdropVariational Omni: Active · farm board−$34 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 0.296% dearer against Bybit than usual: you sell high and buy low, +$30 on $10k if it goes back to its 7-day average of +0.020%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit UNIUSDT	9.1590	0.0100	pay 0.0100% / 8h	5h 59m	$102.8M	$107.2M	75x
Short	Variational Omni UNI	9.1879	0.0100	get 0.0100% / 8h	5h 59m	$4.2M	$4.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Bybit. 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 BybitbpFee Variational OmnibpOrdersPrice spread, now +0.315%Rate

Funding earned: $0
Price spread: +0.315% → +0.020%: $29.57
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $18.57
Costs to cover: 0.110%
Break-even: from the start

Slippage unknown: Bybit: live order book, 4 min ago; Variational Omni: RFQ quote, 4 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 Bybit live order book, 4 min ago	0.54 bp	9.7 bp −$10	16.0 bp −$160	42.4 bp −$4,236	doesn't fit
Sell Variational Omni RFQ quote, 4 min ago	3.25 bp	doesn't fit	13.0 bp −$130	doesn't fit	doesn't fit

UNI on 39 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 −0.0007%	1h	9.1798	+0.227%	$26K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−3.592%	$660	$154K	12x	as long as short
dYdX UNI-USD	+0.0075%	1h	9.1832	+0.264%	$242K	$30K	10x	as long as short
01 Exchange UNIUSD	+0.0080%	1h	9.1818	+0.249%	$458	$5	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.1795	+0.224%	$974K	$4.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.1735	+0.159%	$1.1M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.1872	+0.308%	$300K	$568K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.1620	+0.033%	$229.3M	$607.6M	75x	as long as short
Bybit UNIUSDTlong	+0.0100%	8h	9.1590	long leg	$102.8M	$107.2M	75x
OKX UNI-USDT-SWAP	+0.0100%	8h	9.1620	+0.033%	$56.6M	$255.0M	50x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus UNI-USD	+0.0100%	1h	9.1890	+0.328%	$291K	$619K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.1630	+0.044%	$23.5M	$59.6M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.1650	+0.066%	$49.7M	$26.5M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.1830	+0.262%	$13.8M	$12.8M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.1630	+0.044%	$33.5M	$42.4M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.1620	+0.033%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.1635	+0.049%	$1.0M	$2.2M	10x	as long as short
Variational Omni UNIshort	+0.0100%	8h	9.1879	+0.315%	$4.2M	$4.3M	—
edgeX UNIUSDC	+0.0100%	4h	9.1826	+0.258%	$173K	$346K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.1739	+0.162%	$638K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.1930	+0.371%	$90K	$699K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.1940	+0.382%	$57K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.1902	+0.341%	$89K	$408K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.1820	+0.251%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.1889	+0.326%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.1690	+0.109%	$22K	$727K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.1840	+0.273%	$729K	$4.2M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.1670	+0.087%	$27.7M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.1729	+0.152%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.1593	+0.004%	$304K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.1785	+0.213%	$33K	—	3x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0139%	1h	9.1828	+0.259%	$596K	$188K	50x	as long as short
Hyperliquid UNI	+0.0292%	1h	9.1715	+0.136%	$99.8M	$59.2M	10x	as long as short
Coinbase International UNI-PERP-INTX	+0.0312%	1h	9.1720	+0.142%	$1.1M	$4.7M	50x	as long as short
Reya UNIRUSDPERP	+0.0369%	1h	9.1756	+0.182%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.1808	+0.238%	$654K	—	120x	as long as short
Kraken Futures PF_UNIUSD	+0.0418%	1h	9.1694	+0.114%	$5.1M	$6.9M	50x	as long as short
Lighter UNI	+0.0520%	1h	9.1838	+0.271%	$4.8M	$5.5M	15x	as long as short
Aftermath Perps UNIUSD	+0.0913%	1h	9.1652	+0.068%	$1K	$47K	10x	as long as short