Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.018%

Price spread now: ApeX Omni against OKX+0.497%90s7-day average +0.098% · you sell dearer than you buy

Net, funding: paid 7d − costs−$35as 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−$440.436% of the position

Long on OKX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.087%+$9 on $10k

Price spread, last 3 days (all we have)−0.591%−$59 · spread now +0.497%, 7d avg +0.098%

Together, before fees−0.504%−$50 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 0.399% dearer against OKX than usual: you sell high and buy low, +$40 on $10k if it goes back to its 7-day average of +0.098%. The two prices were read 90 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	OKX UNI-USDT-SWAP	9.0590	0.0100	pay 0.0100% / 8h	7h 01m	$56.3M	$253.4M	50x
Short	ApeX Omni UNIUSDT	9.1040	0.0100	get 0.0013% / 1h	1m 55s	$89K	$708K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against OKX. 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 OKXbpFee ApeX OmnibpOrdersPrice spread, now +0.497%Rate

Funding earned: $0
Price spread: +0.497% → +0.098%: $39.9
Slippage, 4 orders: −$23.61
Fee OKX: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$3.7
Costs to cover: 0.436%
Break-even: never at this rate

Slippage from OKX: live order book, 2 min ago; ApeX Omni: live order book, 7 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 OKX live order book, 2 min ago	0.55 bp	8.6 bp −$9	16.6 bp −$166	58.2 bp −$5,821	doesn't fit
Sell ApeX Omni live order book, 7 min ago	6.02 bp	13.5 bp −$14	103.4 bp −$1,034	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
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	9.0689	+0.109%	$19K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−2.528%	$660	$154K	12x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0083%	1h	9.0787	+0.218%	$587K	$186K	50x	as long as short
01 Exchange UNIUSD	+0.0096%	1h	9.0765	+0.193%	$453	—	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.0600	+0.011%	$965K	$4.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.0787	+0.218%	$1.0M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.0863	+0.301%	$301K	$586K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.0640	+0.055%	$229.5M	$601.2M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.0630	+0.044%	$102.2M	$107.3M	75x	as long as short
OKX UNI-USDT-SWAPlong	+0.0100%	8h	9.0590	long leg	$56.3M	$253.4M	50x

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus UNI-USD	+0.0100%	1h	9.0820	+0.254%	$280K	$618K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.0730	+0.155%	$23.1M	$60.8M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0620	+0.033%	$50.5M	$25.4M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0650	+0.066%	$13.6M	$13.6M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0650	+0.066%	$33.3M	$42.8M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	9.0720	+0.144%	—	$57.0M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.0711	+0.134%	$996K	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.0908	+0.351%	$4.1M	$4.4M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.1361	+0.851%	$172K	$345K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.1234	+0.710%	$639K	$2.6M	10x	as long as short
ApeX Omni UNIUSDTshort	+0.0100%	1h	9.1040	+0.497%	$89K	$708K	50x
StandX UNI-USD	+0.0100%	1h	9.1170	+0.640%	$56K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.0733	+0.158%	$88K	$395K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.0760	+0.188%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.0827	+0.262%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.0757	+0.184%	$22K	$713K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.0760	+0.188%	$720K	$4.4M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.0770	+0.199%	$27.4M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.0686	+0.107%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0574	−0.017%	$304K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0765	+0.193%	$32K	—	3x	as long as short
dYdX UNI-USD	+0.0193%	1h	9.0905	+0.348%	$244K	$24K	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.0910	+0.353%	$10.5M	$3.6M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0272%	1h	9.0710	+0.132%	$1.1M	$4.8M	50x	as long as short
Reya UNIRUSDPERP	+0.0367%	1h	9.0625	+0.038%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.0697	+0.118%	$647K	—	120x	as long as short
Kraken Futures PF_UNIUSD	+0.0387%	1h	9.0834	+0.270%	$5.0M	$7.0M	50x	as long as short
Hyperliquid UNI	+0.0517%	1h	9.0833	+0.268%	$99.8M	$58.6M	10x	as long as short
Lighter UNI	+0.0944%	1h	9.0917	+0.361%	$4.7M	$5.4M	15x	as long as short
Aftermath Perps UNIUSD	+0.1064%	1h	9.1267	+0.748%	$939	$49K	10x	as long as short