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 −0.017%

Price spread now: OKX against Orderly+0.022%7-day average −0.029% · you sell dearer than you buy

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

Long on Orderly Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.099%−$10 on $10k

Price spread, last 4 days (all we have)−0.238%−$24 · spread now +0.022%, 7d avg −0.029%

Together, before fees−0.338%−$34 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: OKX is 0.051% dearer against Orderly than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.029%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_UNI_USDC	9.0220	0.0100	pay 0.0100% / 8h	2h 02m	$17K	$1.7M	10x
Short	OKX UNI-USDT-SWAP	9.0240	0.0100	get 0.0100% / 8h	2h 02m	$54.9M	$268.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.022%Rate

Funding earned: $0
Price spread: +0.022% → −0.029%: $5.08
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee OKX: 5 bp × 2 orders: −$10
Net: −$10.92
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; OKX: live order book, 2 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 OKX live order book, 2 min ago	0.55 bp	6.9 bp −$7	14.6 bp −$146	47.0 bp −$4,699	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
Kraken Futures PF_UNIUSD	−0.0017%	1h	9.0290	+0.077%	$4.8M	$8.6M	50x	as long as short
Nado UNI-PERP	−0.0009%	1h	9.0355	+0.150%	$782K	$4.7M	10x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0007%	1h	9.0282	+0.069%	$49K	—	150x	as long as short
01 Exchange UNIUSD	+0.0008%	1h	9.0407	+0.207%	$451	$5	10x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−2.128%	$660	$153K	12x	as long as short
Polymarket Perps UNI-USD	+0.0081%	1h	9.0328	+0.120%	$126K	$583K	10x	as long as short
Lighter UNI	+0.0096%	1h	9.0391	+0.190%	$4.6M	$5.6M	15x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0099%	1h	9.0296	+0.085%	$595K	$247K	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.0296	+0.084%	$26K	—	20x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.0299	+0.087%	$748K	$3.6M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica UNI	+0.0100%	1h	9.0357	+0.152%	$291K	$592K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.0265	+0.050%	$219.2M	$658.8M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.0350	+0.144%	$100.6M	$112.4M	75x	as long as short
OKX UNI-USDT-SWAPshort	+0.0100%	8h	9.0240	+0.022%	$54.9M	$268.9M	50x
Arcus UNI-USD	+0.0100%	1h	9.0440	+0.244%	$323K	$705K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.0350	+0.144%	$24.8M	$66.9M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0340	+0.133%	$49.8M	$27.2M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0360	+0.155%	$13.2M	$13.4M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0240	+0.022%	$33.2M	$45.9M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	9.0270	+0.055%	—	$57.2M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.0430	+0.233%	$1.1M	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.0319	+0.110%	$4.2M	$4.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.0356	+0.150%	$171K	$346K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0060	−0.177%	$624K	$2.7M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0360	+0.155%	$91K	$709K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0310	+0.100%	$15K	$3.5M	20x	as long as short
Orderly PERP_UNI_USDClong	+0.0100%	8h	9.0220	long leg	$17K	$1.7M	10x
SunX UNI-USDT	+0.0100%	8h	9.0409	+0.209%	$37K	$1.4M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.0254	+0.038%	$32K	$886K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.0328	+0.120%	$710K	$5.0M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.0250	+0.033%	$27.2M	$4.5M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0203	−0.018%	$300K	$1.7M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0256	+0.040%	$32K	—	3x	as long as short
dYdX UNI-USD	+0.0143%	1h	9.0343	+0.136%	$238K	$31K	10x	as long as short
Coinbase International UNI-PERP-INTX	+0.0184%	1h	9.0350	+0.144%	$942K	$5.7M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.0310	+0.100%	$10.1M	$3.7M	75x	as long as short
Hyperliquid UNI	+0.0240%	1h	9.0493	+0.303%	$96.9M	$66.4M	10x	as long as short
Reya UNIRUSDPERP	+0.0377%	1h	9.0332	+0.124%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0243%	1h	9.0281	+0.068%	$643K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0464%	1h	9.0185	−0.039%	$988	$54K	10x	as long as short