Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Orderly against edgeX+0.606%7-day average −0.006% · you sell dearer than you buy

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

Long on edgeX Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days−0.001%$0 on $10k

Price spread, last 3 days (all we have)−0.331%−$33 · spread now +0.606%, 7d avg −0.006%

Together, before fees−0.332%+ Points / potential airdropedgeX: Active · farm board−$33 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 0.612% dearer against edgeX than usual: you sell high and buy low, +$61 on $10k if it goes back to its 7-day average of −0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX UNIUSDC	9.1962	0.0100	pay 0.0050% / 4h	3h 28m	$173K	$345K	20x
Short	Orderly PERP_UNI_USDC	9.2520	0.0100	get 0.0100% / 8h	7h 28m	$16K	$1.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against edgeX. 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 edgeXbpFee OrderlybpOrdersPrice spread, now +0.606%Rate

Funding earned: $0
Price spread: +0.606% → −0.006%: $61.21
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Orderly: 3 bp × 2 orders: −$6
Net: $46.21
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: edgeX: live order book, 45 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 edgeX live order book, 45 min ago	2.79 bp	7.5 bp −$8	16.0 bp −$160	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
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0006%	1h	9.2424	+0.501%	$50K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−3.983%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0072%	1h	9.2321	+0.390%	$461	—	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.2292	+0.359%	$989K	$4.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.2530	+0.617%	$1.1M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.2435	+0.514%	$308K	$586K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.2391	+0.466%	$232.0M	$596.2M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.2490	+0.574%	$104.3M	$107.2M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.2480	+0.563%	$56.8M	$258.7M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.2570	+0.661%	$275K	$616K	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	9.2350	+0.421%	$23.3M	$59.1M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.2410	+0.487%	$45.4M	$23.9M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.2400	+0.476%	$13.9M	$13.5M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.2550	+0.639%	$34.0M	$42.2M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	9.2540	+0.628%	—	$54.6M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.2387	+0.462%	$1.1M	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.2011	+0.053%	$4.2M	$4.4M	—	as long as short
edgeX UNIUSDClong	+0.0100%	4h	9.1962	long leg	$173K	$345K	20x
GRVT UNI_USDT_Perp	+0.0100%	8h	9.2169	+0.224%	$649K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.1340	−0.677%	$89K	$708K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.2310	+0.378%	$37K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.2377	+0.451%	$81K	$383K	10x	as long as short
Orderly PERP_UNI_USDCshort	+0.0100%	8h	9.2520	+0.606%	$16K	$1.7M	10x
SunX UNI-USDT	+0.0100%	8h	9.2530	+0.617%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.2503	+0.588%	$22K	$714K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.2512	+0.598%	$734K	$4.4M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.2490	+0.574%	$27.9M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.2399	+0.475%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.2445	+0.525%	$310K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.2513	+0.599%	$33K	—	3x	as long as short
dYdX UNI-USD	+0.0117%	1h	9.2412	+0.489%	$243K	$20K	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.2440	+0.519%	$10.4M	$3.6M	75x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0238%	1h	9.2552	+0.641%	$596K	$178K	50x	as long as short
Coinbase International UNI-PERP-INTX	+0.0272%	1h	9.2570	+0.661%	$1.1M	$4.9M	50x	as long as short
Reya UNIRUSDPERP	+0.0366%	1h	9.2335	+0.406%	$17K	—	20x	as long as short
Kraken Futures PF_UNIUSD	+0.0379%	1h	9.2536	+0.624%	$5.2M	$7.0M	50x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0382% / S −0.0323%	1h	9.2434	+0.512%	$585K	—	120x	as long as short
Hyperliquid UNI	+0.0529%	1h	9.2587	+0.679%	$102.1M	$60.5M	10x	as long as short
Aftermath Perps UNIUSD	+0.0934%	1h	9.1870	−0.100%	$953	$49K	10x	as long as short
Lighter UNI	+0.0960%	1h	9.2580	+0.672%	$4.7M	$5.3M	15x	as long as short