Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: StandX against Orderly0.000%7-day average +0.041% · you sell dearer than you buy

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

Long on Orderly Short on StandX

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)−0.576%−$58 · spread now 0.000%, 7d avg +0.041%

Together, before fees−0.575%+ Points / potential airdropStandX: Active · farm board−$58 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: StandX is 0.041% cheaper against Orderly than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.041%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_UNI_USDC	9.1170	0.0100	pay 0.0100% / 8h	5h 29m	$16K	$1.7M	10x
Short	StandX UNI-USD	9.1170	0.0100	get 0.0013% / 1h	29m 00s	$40K	$3.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

StandX 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 StandXbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.041%: −$4.1
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee StandX: 4 bp × 2 orders: −$8
Net: −$18.1
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; StandX: live order book, 5 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 StandX live order book, 5 min ago	6.04 bp	12.6 bp −$13	45.8 bp −$458	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 −0.0008%	1h	9.1224	+0.060%	$28K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−3.148%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0056%	1h	9.1175	+0.005%	$455	$5	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.1147	−0.025%	$943K	$4.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.1260	+0.099%	$1.0M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.1261	+0.100%	$297K	$567K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.1128	−0.046%	$226.8M	$609.4M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.1090	−0.088%	$102.5M	$108.0M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.1100	−0.077%	$56.2M	$252.4M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.1320	+0.165%	$289K	$614K	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	9.1150	−0.022%	$23.4M	$59.8M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.1170	0.000%	$49.2M	$25.1M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.1130	−0.044%	$13.6M	$12.9M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.1100	−0.077%	$33.4M	$42.6M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.1130	−0.044%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.1142	−0.031%	$990K	$2.2M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.1396	+0.248%	$4.3M	$4.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.1129	−0.044%	$172K	$346K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.1340	+0.186%	$635K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.1490	+0.351%	$90K	$694K	50x	as long as short
StandX UNI-USDshort	+0.0100%	1h	9.1170	0.000%	$40K	$3.3M	20x
Polymarket Perps UNI-USD	+0.0100%	1h	9.1218	+0.053%	$88K	$412K	10x	as long as short
Orderly PERP_UNI_USDClong	+0.0100%	8h	9.1170	long leg	$16K	$1.7M	10x
SunX UNI-USDT	+0.0100%	8h	9.1212	+0.046%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.1140	−0.033%	$22K	$760K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.1278	+0.118%	$715K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.1150	−0.022%	$27.5M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.1270	+0.110%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.1089	−0.088%	$305K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.1171	+0.001%	$32K	—	3x	as long as short
dYdX UNI-USD	+0.0113%	1h	9.1231	+0.067%	$240K	$30K	10x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0157%	1h	9.1236	+0.072%	$584K	$194K	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.1150	−0.022%	$10.4M	$3.6M	75x	as long as short
Kraken Futures PF_UNIUSD	+0.0269%	1h	9.1192	+0.024%	$5.1M	$7.3M	50x	as long as short
Coinbase International UNI-PERP-INTX	+0.0296%	1h	9.1270	+0.110%	$1.1M	$5.1M	50x	as long as short
Reya UNIRUSDPERP	+0.0370%	1h	9.1168	−0.002%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.1221	+0.056%	$649K	—	120x	as long as short
Hyperliquid UNI	+0.0521%	1h	9.1281	+0.122%	$99.0M	$59.9M	10x	as long as short
Lighter UNI	+0.0600%	1h	9.1265	+0.104%	$4.7M	$5.7M	15x	as long as short
Aftermath Perps UNIUSD	+0.0947%	1h	9.1266	+0.105%	$926	$47K	10x	as long as short