Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: edgeX against Orderly+0.143%7-day average +0.010% · you sell dearer than you buy

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

Long on Orderly Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.001%$0 on $10k

Price spread, last 4 days (all we have)−0.482%−$48 · spread now +0.143%, 7d avg +0.010%

Together, before fees−0.481%+ Points / potential airdropedgeX: Active · farm board−$48 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: edgeX is 0.133% dearer against Orderly than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of +0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_UNI_USDC	9.0880	0.0100	pay 0.0100% / 8h	4h 15m	$16K	$1.5M	10x
Short	edgeX UNIUSDC	9.1010	0.0100	get 0.0050% / 4h	15m 28s	$172K	$346K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.143%Rate

Funding earned: $0
Price spread: +0.143% → +0.010%: $13.25
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$1.75
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; edgeX: live order book, 43 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 edgeX live order book, 43 min ago	2.20 bp	6.7 bp −$7	16.0 bp −$160	doesn't fit	doesn't fit

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 −0.0004%	1h	9.0866	−0.015%	$37K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−2.839%	$660	$154K	12x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0041%	1h	9.0834	−0.050%	$582K	$193K	50x	as long as short
01 Exchange UNIUSD	+0.0064%	1h	9.0947	+0.074%	$454	$5	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.0895	+0.017%	$970K	$4.4M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.0910	+0.033%	$824K	$3.5M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.0855	−0.027%	$294K	$599K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.0872	−0.008%	$223.3M	$637.8M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.0850	−0.033%	$102.0M	$111.1M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.0870	−0.011%	$55.4M	$262.2M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus UNI-USD	+0.0100%	1h	9.1010	+0.143%	$315K	$651K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.0860	−0.022%	$23.7M	$63.8M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0890	+0.011%	$47.9M	$25.4M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0910	+0.033%	$13.6M	$13.2M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0800	−0.088%	$33.5M	$44.8M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	9.0860	−0.022%	—	$56.6M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.0815	−0.072%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.0759	−0.133%	$4.3M	$4.1M	—	as long as short
edgeX UNIUSDCshort	+0.0100%	4h	9.1010	+0.143%	$172K	$346K	20x
GRVT UNI_USDT_Perp	+0.0100%	8h	9.1058	+0.195%	$645K	$2.8M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.1050	+0.187%	$96K	$701K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0880	0.000%	$15K	$3.4M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.0899	+0.021%	$86K	$429K	10x	as long as short
Orderly PERP_UNI_USDClong	+0.0100%	8h	9.0880	long leg	$16K	$1.5M	10x
SunX UNI-USDT	+0.0100%	8h	9.0934	+0.059%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.0790	−0.099%	$22K	$791K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.0957	+0.085%	$732K	$4.7M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.0820	−0.066%	$27.5M	$4.4M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.0886	+0.007%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0875	−0.005%	$293K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0895	+0.017%	$32K	—	3x	as long as short
dYdX UNI-USD	+0.0152%	1h	9.0823	−0.063%	$239K	$30K	10x	as long as short
Lighter UNI	+0.0216%	1h	9.0986	+0.117%	$4.6M	$5.8M	15x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.1130	+0.275%	$10.3M	$3.6M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0248%	1h	9.0770	−0.121%	$1.0M	$5.7M	50x	as long as short
Kraken Futures PF_UNIUSD	+0.0269%	1h	9.0848	−0.036%	$5.0M	$8.0M	50x	as long as short
Hyperliquid UNI	+0.0354%	1h	9.1023	+0.157%	$98.6M	$62.5M	10x	as long as short
Reya UNIRUSDPERP	+0.0373%	1h	9.0792	−0.097%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.0875	−0.006%	$647K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0947%	1h	9.0929	+0.053%	$936	$46K	10x	as long as short