Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0155%/8h= −16.9% APRpaid last 24h −0.039%

Price spread now: Variational Omni against Extended+0.049%7-day average +0.001% · you sell dearer than you buy

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

Long on Extended Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.075%−$8 on $10k

Price spread, last 7 days−0.095%−$10 · spread now +0.049%, 7d avg +0.001%

Together, before fees−0.170%+ Points / potential airdropExtended: Active · Variational Omni: Active · farm board−$17 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Variational Omni is 0.049% dearer against Extended than usual: you sell high and buy low (spread +0.049% now, against its 7-day average of +0.001%): +$5 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 25 hours. At the pace of the last 3 days (−0.075% in total) that is about 2.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended UNI-USD	8.8780	0.0104	pay 0.0013% / 1h	19m 54s	$301K	$1.4M	25x
Short	Variational Omni UNI	8.8824	−0.0051	pay 0.0051% / 8h	1h 19m	$3.9M	$4.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Extended. 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 ExtendedbpFee Variational OmnibpOrdersPrice spread, now +0.049%Rate

Funding earned: −$32.49
Price spread: +0.049% → +0.001%: $4.86
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$32.63
Costs to cover: 0.050%
Break-even: never at this rate

Slippage unknown: Extended: 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 Extended live order book, 4 min ago	0.06 bp	4.3 bp −$4	9.5 bp −$95	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 4 min ago	3.27 bp	doesn't fit	12.3 bp −$123	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
Variational Omni UNIshort	−0.0051%	8h	8.8824	+0.049%	$3.9M	$4.5M	—
Bybit UNIUSDT	−0.0002%	8h	8.8790	+0.011%	$101.2M	$104.6M	75x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	8.8877	+0.109%	$62K	—	150x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0019%	1h	8.8832	+0.058%	$565K	$157K	50x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−0.541%	$660	$155K	12x	as long as short
OKX UNI-USDT-SWAP	+0.0046%	8h	8.8810	+0.034%	$54.9M	$245.0M	50x	as long as short
01 Exchange UNIUSD	+0.0056%	1h	8.8927	+0.165%	$444	—	10x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8818	+0.042%	$25K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.8830	+0.056%	$941K	$4.0M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.8849	+0.077%	$1.0M	$3.3M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica UNI	+0.0100%	1h	8.8882	+0.115%	$298K	$570K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.8830	+0.056%	$217.9M	$588.6M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.8940	+0.180%	$283K	$615K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.8840	+0.067%	$23.1M	$58.7M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.8840	+0.067%	$42.9M	$24.5M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.8800	+0.022%	$13.6M	$13.7M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8800	+0.022%	$32.2M	$41.4M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.8820	+0.045%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8838	+0.065%	$986K	$2.3M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8599	−0.204%	$167K	$343K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8775	−0.006%	$626K	$2.5M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8740	−0.045%	$88K	$712K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8880	+0.112%	$106K	$3.2M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.8868	+0.099%	$86K	$354K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8780	0.000%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.8921	+0.159%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.8783	+0.003%	$25K	$666K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.8993	+0.240%	$730K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8830	+0.056%	$26.7M	$4.4M	50x	as long as short
Extended UNI-USDlong	+0.0104%	1h	8.8780	long leg	$301K	$1.4M	25x
Aevo UNI-PERP	+0.0104%	1h	8.8785	+0.005%	$32K	$1K	3x	as long as short
dYdX UNI-USD	+0.0135%	1h	8.8884	+0.117%	$246K	$6K	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.8900	+0.135%	$9.9M	$3.4M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0224%	1h	8.8970	+0.214%	$1.1M	$5.3M	50x	as long as short
Kraken Futures PF_UNIUSD	+0.0341%	1h	8.8858	+0.088%	$4.9M	$7.0M	50x	as long as short
Hyperliquid UNI	+0.0349%	1h	8.8952	+0.194%	$97.6M	$59.1M	10x	as long as short
Reya UNIRUSDPERP	+0.0362%	1h	8.8825	+0.051%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0379% / S −0.0319%	1h	8.8860	+0.090%	$557K	—	120x	as long as short
Lighter UNI	+0.0600%	1h	8.8990	+0.236%	$4.5M	$5.2M	15x	as long as short
Aftermath Perps UNIUSD	+0.0630%	1h	8.8738	−0.048%	$1K	$50K	10x	as long as short