Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.012%

Price spread now: Variational Omni against OKX+0.099%7-day average −0.013% · you sell dearer than you buy

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

Long on OKX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.022%−$2 on $10k

Price spread, last 7 days−0.170%−$17 · spread now +0.099%, 7d avg −0.013%

Together, before fees−0.192%+ Points / potential airdropVariational Omni: Active · farm board−$19 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: Variational Omni is 0.111% dearer against OKX than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of −0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX UNI-USDT-SWAP	8.9420	0.0100	pay 0.0100% / 8h	3h 25m	$54.6M	$260.8M	50x
Short	Variational Omni UNI	8.9508	0.0100	get 0.0100% / 8h	3h 25m	$4.2M	$4.2M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational 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 Variational OmnibpOrdersPrice spread, now +0.099%Rate

Funding earned: $0
Price spread: +0.099% → −0.013%: $11.15
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $1.15
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: OKX: 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 OKX live order book, 4 min ago	0.56 bp	9.0 bp −$9	15.6 bp −$156	71.3 bp −$7,125	doesn't fit
Sell Variational Omni RFQ quote, 4 min ago	3.27 bp	doesn't fit	11.7 bp −$117	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	8.9486	+0.074%	$37K	—	150x	as long as short
01 Exchange UNIUSD	+0.0008%	1h	8.9542	+0.136%	$447	$5	10x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−1.253%	$660	$154K	12x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0083%	1h	8.9606	+0.208%	$574K	$208K	50x	as long as short
Lighter UNI	+0.0096%	1h	8.9624	+0.228%	$4.5M	$5.9M	15x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.9521	+0.113%	$26K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.9448	+0.031%	$969K	$4.5M	10x	as long as short
Hyperliquid UNI	+0.0100%	1h	8.9582	+0.181%	$95.4M	$64.1M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.9518	+0.109%	$785K	$3.6M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.9537	+0.131%	$291K	$608K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance UNIUSDT	+0.0100%	8h	8.9470	+0.056%	$220.8M	$647.2M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	8.9430	+0.011%	$100.4M	$111.9M	75x	as long as short
OKX UNI-USDT-SWAPlong	+0.0100%	8h	8.9420	long leg	$54.6M	$260.8M	50x
Arcus UNI-USD	+0.0100%	1h	8.9650	+0.257%	$313K	$656K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.9530	+0.123%	$23.9M	$64.0M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.9500	+0.089%	$47.9M	$26.0M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.9480	+0.067%	$13.2M	$13.3M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.9440	+0.022%	$33.2M	$45.4M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	8.9460	+0.045%	—	$56.6M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.9560	+0.157%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNIshort	+0.0100%	8h	8.9508	+0.099%	$4.2M	$4.2M	—
edgeX UNIUSDC	+0.0100%	4h	8.9522	+0.114%	$169K	$344K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.9680	+0.291%	$623K	$2.8M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.9600	+0.201%	$92K	$702K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.9600	+0.201%	$15K	$3.4M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.9474	+0.060%	$86K	$437K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.9580	+0.179%	$16K	$1.4M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.9626	+0.230%	$37K	$1.4M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.9519	+0.111%	$29K	$817K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.9652	+0.259%	$701K	$4.9M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.9530	+0.123%	$27.1M	$4.4M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.9469	+0.055%	$285K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.9557	+0.153%	$32K	—	3x	as long as short
Coinbase International UNI-PERP-INTX	+0.0216%	1h	8.9550	+0.145%	$933K	$5.8M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.9620	+0.224%	$10.2M	$3.5M	75x	as long as short
Kraken Futures PF_UNIUSD	+0.0272%	1h	8.9562	+0.158%	$4.9M	$8.1M	50x	as long as short
dYdX UNI-USD	+0.0280%	1h	8.9533	+0.126%	$236K	$30K	10x	as long as short
Reya UNIRUSDPERP	+0.0374%	1h	8.9443	+0.025%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	8.9588	+0.188%	$638K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0784%	1h	8.9722	+0.337%	$949	$45K	10x	as long as short