Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against Gate+0.272%51s7-day average +0.072% · you sell dearer than you buy

Net, funding: paid 7d − costs−$49as 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−$560.563% of the position

Long on Gate Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.073%+$7 on $10k

Price spread, last 4 days (all we have)−0.160%−$16 · spread now +0.272%, 7d avg +0.072%

Together, before fees−0.087%−$9 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 0.201% dearer against Gate than usual: you sell high and buy low, +$20 on $10k if it goes back to its 7-day average of +0.072%. The two prices were read 51 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	Gate UNI_USDT	8.8120	0.0100	pay 0.0100% / 8h	5h 52m	$27.7M	$54.8M	75x
Short	ApeX Omni UNIUSDT	8.8360	0.0100	get 0.0013% / 1h	52m 28s	$89K	$713K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Gate. 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 GatebpFee ApeX OmnibpOrdersPrice spread, now +0.272%Rate

Funding earned: $0
Price spread: +0.272% → +0.072%: $20.07
Slippage, 4 orders: −$31.28
Fee Gate: 7.5 bp × 2 orders: −$15
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$36.21
Costs to cover: 0.563%
Break-even: never at this rate

Slippage from Gate: live order book, 5 min ago; ApeX Omni: live order book, 59 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 Gate live order book, 5 min ago	0.57 bp	13.8 bp −$14	21.7 bp −$217	58.6 bp −$5,865	106.7 bp −$53.4K
Sell ApeX Omni live order book, 59 min ago	6.27 bp	14.0 bp −$14	97.2 bp −$972	doesn't fit	doesn't fit

UNI on 40 exchanges

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
Deribit UNI_USDC-PERPETUAL	0.0000%	1h	8.8219	+0.112%	$584K	$217K	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0005%	1h	8.8160	+0.045%	$76K	—	150x	as long as short
Nado UNI-PERP	+0.0033%	1h	8.8110	−0.011%	$711K	$3.9M	10x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	+0.204%	$660	$147K	12x	as long as short
Lighter UNI	+0.0096%	1h	8.8251	+0.149%	$4.4M	$4.8M	15x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8100	−0.022%	$25K	—	20x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.8160	+0.045%	$741K	$2.4M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.8140	+0.023%	$287K	$467K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.8110	−0.011%	$213.7M	$567.3M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	8.8090	−0.034%	$97.5M	$97.3M	75x	as long as short

Show all 40 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX UNI-USDT-SWAP	+0.0100%	8h	8.8090	−0.034%	$54.5M	$227.0M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.8210	+0.102%	$323K	$515K	10x	as long as short
Gate UNI_USDTlong	+0.0100%	8h	8.8120	long leg	$27.7M	$54.8M	75x
MEXC UNI_USDT	+0.0100%	8h	8.8120	0.000%	$46.0M	$20.5M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.8110	−0.011%	$12.9M	$11.2M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8070	−0.057%	$32.8M	$42.4M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	8.8100	−0.023%	—	$50.1M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8219	+0.112%	$1.1M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	8.8262	+0.162%	$4.1M	$2.7M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8372	+0.286%	$167K	$344K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8280	+0.182%	$619K	$2.2M	10x	as long as short
ApeX Omni UNIUSDTshort	+0.0100%	1h	8.8360	+0.272%	$89K	$713K	50x
StandX UNI-USD	+0.0100%	1h	8.8250	+0.148%	$93K	$3.5M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.8074	−0.052%	$105K	$574K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8150	+0.034%	$16K	$2.5M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.8171	+0.058%	$36K	$1.1M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.8170	+0.057%	$32K	$725K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.8245	+0.142%	$697K	$4.0M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8210	+0.102%	$26.6M	$4.5M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8066	−0.061%	$298K	$1.7M	25x	as long as short
01 Exchange UNIUSD	+0.0104%	1h	8.8108	−0.014%	$440	$56	10x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8168	+0.055%	$31K	—	3x	as long as short
Kraken Futures PF_UNIUSD	+0.0131%	1h	8.8216	+0.108%	$4.7M	$7.7M	50x	as long as short
Hyperliquid UNI	+0.0179%	1h	8.8214	+0.107%	$94.9M	$60.6M	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.8210	+0.102%	$10.0M	$3.4M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0240%	1h	8.8200	+0.091%	$921K	$4.3M	50x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	8.8178	+0.066%	$627K	—	120x	as long as short
Reya UNIRUSDPERP	+0.0386%	1h	8.8060	−0.068%	$16K	—	20x	as long as short
Aftermath Perps UNIUSD	+0.0579%	1h	8.8315	+0.221%	$1K	$49K	10x	as long as short
dYdX UNI-USD	+0.0653%	1h	8.8108	−0.014%	$231K	$32K	10x	as long as short