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 −0.003%

Price spread now: Binance against Orderly−0.015%49s7-day average +0.013% · you buy dearer than you sell

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

Long on Orderly Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.065%−$7 on $10k

Price spread, last 4 days (all we have)−0.746%−$75 · spread now −0.015%, 7d avg +0.013%

Together, before fees−0.811%−$81 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: Binance is 0.028% cheaper against Orderly than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.013%. The two prices were read 49 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	Orderly PERP_UNI_USDC	9.2010	0.0100	pay 0.0100% / 8h	5h 10m	$16K	$1.7M	10x
Short	Binance UNIUSDT	9.1996	0.0100	get 0.0100% / 8h	5h 10m	$228.4M	$621.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Orderly. 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 OrderlybpFee BinancebpOrdersPrice spread, now −0.015%Rate

Funding earned: $0
Price spread: −0.015% → +0.013%: −$2.82
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Binance: 5 bp × 2 orders: −$10
Net: −$18.82
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Binance: live order book, 3 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 Orderly no order-book sample	—	—	—	—	—
Sell Binance live order book, 3 min ago	1.09 bp	7.2 bp −$7	13.3 bp −$133	53.3 bp −$5,330	190.2 bp −$95.1K

Orderly: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0006%	1h	9.2027	+0.018%	$49K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−4.032%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0056%	1h	9.1942	−0.074%	$459	$5	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.1805	−0.223%	$957K	$4.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.2010	0.000%	$1.0M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.1916	−0.102%	$299K	$573K	10x	as long as short
Binance UNIUSDTshort	+0.0100%	8h	9.1996	−0.015%	$228.4M	$621.9M	75x
Bybit UNIUSDT	+0.0100%	8h	9.1940	−0.076%	$103.4M	$109.9M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.1950	−0.065%	$56.9M	$258.7M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.2020	+0.011%	$292K	$618K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate UNI_USDT	+0.0100%	8h	9.1900	−0.120%	$23.6M	$61.9M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.1900	−0.120%	$49.5M	$25.3M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.1970	−0.043%	$13.8M	$13.0M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.1750	−0.283%	$33.6M	$43.4M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	9.1890	−0.130%	—	$56.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.2081	+0.077%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.1627	−0.416%	$4.3M	$4.2M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.1978	−0.035%	$173K	$343K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.1893	−0.128%	$642K	$2.7M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.2110	+0.109%	$90K	$694K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.1920	−0.098%	$56K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.2000	−0.011%	$88K	$419K	10x	as long as short
Orderly PERP_UNI_USDClong	+0.0100%	8h	9.2010	long leg	$16K	$1.7M	10x
SunX UNI-USDT	+0.0100%	8h	9.2082	+0.078%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.2037	+0.029%	$22K	$772K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.2020	+0.011%	$725K	$4.5M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.2000	−0.011%	$27.8M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.1866	−0.156%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.1852	−0.172%	$312K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.2048	+0.041%	$33K	—	3x	as long as short
dYdX UNI-USD	+0.0118%	1h	9.1882	−0.140%	$242K	$31K	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.2030	+0.022%	$10.6M	$3.6M	75x	as long as short
Kraken Futures PF_UNIUSD	+0.0266%	1h	9.2125	+0.125%	$5.1M	$7.7M	50x	as long as short
Coinbase International UNI-PERP-INTX	+0.0296%	1h	9.2070	+0.065%	$1.1M	$5.4M	50x	as long as short
Reya UNIRUSDPERP	+0.0371%	1h	9.1719	−0.317%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.2008	−0.002%	$654K	—	120x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0467%	1h	9.2085	+0.082%	$590K	$193K	50x	as long as short
Hyperliquid UNI	+0.0551%	1h	9.2116	+0.115%	$100.5M	$61.7M	10x	as long as short
Lighter UNI	+0.0576%	1h	9.2038	+0.030%	$4.7M	$5.8M	15x	as long as short
Aftermath Perps UNIUSD	+0.1005%	1h	9.2050	+0.044%	$893	$47K	10x	as long as short