Settings8H · net · $10k
Funding arb · Price arb /

UNI

all UNI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 21:00 UTC−0.0281%/8h= −30.8% APRnext payment $0.35 per $10,000 · paid last 24h −0.028%
Price spread now: ApeX Omni against GMX−0.202%68s7-day average +0.038% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.192%−$19 on $10k
Price spread, last 3 days (all we have)+0.162%+$16 · spread now −0.202%, 7d avg +0.038%
Together, before fees−0.030%−$3 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and ApeX Omni is 0.239% cheaper against GMX than usual: you would sell low and buy high (−$24 if the spread goes back to its 7-day average of +0.038%). Swap the legs. The two prices were read 68 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGMX UNI/USD [UNI-USDC]8.8478L +0.0381% / S −0.0321%pay 0.0048% / 1h31m 45s$554K120x
ShortApeX Omni UNIUSDT8.83000.0100get 0.0013% / 1h31m 45s$83K$726K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against GMX. 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

Funding earned
−$59.04
Price spread: −0.202% → +0.038%
−$23.93
Slippage, 4 orders
no order book: not counted
Fee GMX: 6 bp × 2 orders
−$12
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$104.97
Costs to cover
0.220%
Break-even
never at this rate
Slippage unknown: GMX: no order-book sample; ApeX Omni: live order book, 17 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy GMX no order-book sample
Sell ApeX Omni live order book, 17 min ago3.98 bp11.8 bp −$12112.8 bp −$1,128doesn't fitdoesn't fit
GMX: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni UNI−0.0206%8h8.8156−0.364%$3.9M$4.9Mas long as short
Bybit UNIUSDT−0.0203%8h8.8570+0.103%$103.4M$105.3M75xas long as short
gTrade (Gains Network) UNI/USDL +0.0004% / S −0.0004%1h8.8489+0.012%$61K150xas long as short
OKX UNI-USDT-SWAP+0.0005%8h8.8610+0.149%$54.8M$248.3M50xas long as short
01 Exchange UNIUSD+0.0088%1h8.8546+0.076%$44210xas long as short
Paradex UNI-USD-PERP+0.0100%8h8.8598+0.135%$25K20xas long as short
Nado UNI-PERP+0.0100%1h8.8483+0.005%$852K$3.9M10xas long as short
Hyperliquid UNI+0.0100%1h8.8698+0.248%$96.3M$59.9M10xas long as short
Aster UNIUSDT+0.0100%8h8.8580+0.115%$1.1M$3.4M50xas long as short
Pacifica UNI+0.0100%1h8.8630+0.171%$299K$564K10xas long as short
Show all 40 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance UNIUSDT+0.0100%8h8.8610+0.149%$217.2M$597.6M75xas long as short
Arcus UNI-USD+0.0100%1h8.8580+0.115%$273K$596K10xas long as short
Gate UNI_USDT+0.0100%8h8.8560+0.092%$22.7M$59.5M75xas long as short
MEXC UNI_USDT+0.0100%8h8.8610+0.149%$43.2M$24.6M200xas long as short
KuCoin UNIUSDTM+0.0100%8h8.8580+0.115%$13.8M$13.7M75xas long as short
Bitget UNIUSDT+0.0100%8h8.8550+0.081%$32.0M$41.2M75xas long as short
BingX UNI-USDT+0.0100%8h8.8550+0.081%$50.7Mas long as short
Backpack UNI_USDC_PERP+0.0100%1h8.8578+0.112%$980K$2.4M10xas long as short
edgeX UNIUSDC+0.0100%4h8.8246−0.262%$166K$343K20xas long as short
GRVT UNI_USDT_Perp+0.0100%8h8.8241−0.268%$619K$2.6M10xas long as short
ApeX Omni UNIUSDTshort+0.0100%1h8.8300−0.202%$83K$726K50x
StandX UNI-USD+0.0100%1h8.8320−0.179%$105K$3.3M20xas long as short
Polymarket Perps UNI-USD+0.0100%1h8.8500+0.024%$89K$341K10xas long as short
Orderly PERP_UNI_USDC+0.0100%8h8.8530+0.058%$16K$1.7M10xas long as short
SunX UNI-USDT+0.0100%8h8.8511+0.037%$36K$1.3M30xas long as short
SoDEX UNI-USD+0.0100%1h8.8550+0.081%$25K$670K10xas long as short
HTX UNI-USDT+0.0100%8h8.8697+0.247%$704K$4.2M75xas long as short
Phemex UNIUSDT+0.0100%8h8.8570+0.103%$26.7M$4.3M50xas long as short
Deribit UNI_USDC-PERPETUAL+0.0103%1h8.8610+0.149%$553K$129K50xas long as short
Extended UNI-USD+0.0104%1h8.8487+0.010%$308K$1.4M25xas long as short
Aevo UNI-PERP+0.0104%1h8.8506+0.032%$31K$1K3xas long as short
Coinbase International UNI-PERP-INTX+0.0192%1h8.8620+0.160%$1.0M$5.4M50xas long as short
BloFin UNI-USDT+0.0220%8h8.8560+0.092%$9.8M$3.3M75xas long as short
dYdX UNI-USD+0.0228%1h8.8619+0.159%$245K$5K10xas long as short
Kraken Futures PF_UNIUSD+0.0317%1h8.8617+0.156%$5.0M$7.4M50xas long as short
Reya UNIRUSDPERP+0.0358%1h8.8437−0.047%$16K20xas long as short
GMX UNI/USD [UNI-USDC]longL +0.0381% / S −0.0321%1h8.8478long leg$554K120x
Aftermath Perps UNIUSD+0.0579%1h8.8318−0.181%$1K$51K10xas long as short
Lighter UNI+0.0640%1h8.8792+0.354%$4.6M$5.3M15xas long as short
Injective UNI/USDC PERP+0.4514%1h8.7900−0.654%$657$97K12xas long as short