Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0258%/8h= +28.2% APRpaid last 24h +0.070%

Price spread now: Reya against Orderly−0.106%7-day average — · you buy dearer than you sell

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

Long on Orderly Short on Reya

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.106% cheaper against Orderly than usual: you would sell low and buy high (spread −0.106% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 33 hours of funding at the current rate (+$8 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_UNI_USDC	8.8530	0.0100	pay 0.0100% / 8h	3h 31m	$16K	$1.7M	10x
Short	Reya UNIRUSDPERP	8.8437	0.0358	get 0.0045% / 1h	31m 49s	$16K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now −0.106%Rate

Funding earned: $54.1
Price spread: −0.106% → 0.000%: −$10.55
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Reya: 3 bp × 2 orders: −$6
Net: $31.54
Costs to cover: 0.120%
Break-even: 2.9 days

Slippage unknown: Orderly: no order-book sample; Reya: no order-book sample. 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 Reya no order-book sample	—	—	—	—	—

Orderly and Reya: 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
Variational Omni UNI	−0.0206%	8h	8.8156	−0.422%	$3.9M	$4.9M	—	as long as short
Bybit UNIUSDT	−0.0203%	8h	8.8570	+0.045%	$103.4M	$105.3M	75x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	8.8489	−0.046%	$61K	—	150x	as long as short
OKX UNI-USDT-SWAP	+0.0005%	8h	8.8610	+0.090%	$54.8M	$248.3M	50x	as long as short
01 Exchange UNIUSD	+0.0088%	1h	8.8546	+0.018%	$442	—	10x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8598	+0.076%	$25K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.8483	−0.054%	$852K	$3.9M	10x	as long as short
Hyperliquid UNI	+0.0100%	1h	8.8698	+0.190%	$96.3M	$59.9M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.8580	+0.056%	$1.1M	$3.4M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.8630	+0.113%	$299K	$564K	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	8.8610	+0.090%	$217.2M	$597.6M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.8580	+0.056%	$273K	$596K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.8560	+0.034%	$22.7M	$59.5M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.8610	+0.090%	$43.2M	$24.6M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.8580	+0.056%	$13.8M	$13.7M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8550	+0.023%	$32.0M	$41.2M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	8.8550	+0.023%	—	$50.7M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8578	+0.054%	$980K	$2.4M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8246	−0.320%	$166K	$343K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8241	−0.326%	$619K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8300	−0.260%	$83K	$726K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8320	−0.237%	$105K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.8500	−0.034%	$89K	$341K	10x	as long as short
Orderly PERP_UNI_USDClong	+0.0100%	8h	8.8530	long leg	$16K	$1.7M	10x
SunX UNI-USDT	+0.0100%	8h	8.8511	−0.021%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.8550	+0.023%	$25K	$670K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.8697	+0.189%	$704K	$4.2M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8570	+0.045%	$26.7M	$4.3M	50x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0103%	1h	8.8610	+0.091%	$553K	$129K	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8487	−0.049%	$308K	$1.4M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8506	−0.027%	$31K	$1K	3x	as long as short
Coinbase International UNI-PERP-INTX	+0.0192%	1h	8.8620	+0.102%	$1.0M	$5.4M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.8560	+0.034%	$9.8M	$3.3M	75x	as long as short
dYdX UNI-USD	+0.0228%	1h	8.8619	+0.101%	$245K	$5K	10x	as long as short
Kraken Futures PF_UNIUSD	+0.0317%	1h	8.8617	+0.098%	$5.0M	$7.4M	50x	as long as short
Reya UNIRUSDPERPshort	+0.0358%	1h	8.8437	−0.106%	$16K	—	20x
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0321%	1h	8.8478	−0.058%	$554K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0579%	1h	8.8318	−0.239%	$1K	$51K	10x	as long as short
Lighter UNI	+0.0640%	1h	8.8792	+0.296%	$4.6M	$5.3M	15x	as long as short
Injective UNI/USDC PERP	+0.4514%	1h	8.7900	−0.712%	$657	$97K	12x	as long as short