Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0312%/8hpaid last 24h +0.039%

Price spread now: Aevo against Variational Omni+0.319%48s7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on Aevo

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 airdropVariational Omni: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Aevo is 0.319% dearer against Variational Omni than usual: you sell high and buy low: +$32 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 48 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	Variational Omni UNI	8.7835	−0.0208	get 0.0208% / 8h	4h 06m	$3.8M	$5.1M	—
Short	Aevo UNI-PERP	8.8114	0.0104	get 0.0013% / 1h	6m 26s	$31K	$1K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpFee AevobpOrdersPrice spread, now +0.319%Rate

Funding earned: $65.56
Price spread: +0.319% → 0.000%: $31.85
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Aevo: 8 bp × 2 orders: −$16
Net: $81.41
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 2 min ago; Aevo: 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 Variational Omni RFQ quote, 2 min ago	3.28 bp	doesn't fit	12.0 bp −$120	doesn't fit	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: 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
Bybit UNIUSDT	−0.0213%	8h	8.8060	+0.257%	$102.3M	$105.0M	75x	as long as short
Variational Omni UNIlong	−0.0208%	8h	8.7835	long leg	$3.8M	$5.1M	—
OKX UNI-USDT-SWAP	−0.0006%	8h	8.8110	+0.314%	$54.7M	$247.4M	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	8.8105	+0.308%	$61K	—	150x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8091	+0.292%	$25K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.8090	+0.291%	$826K	$3.9M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.8200	+0.416%	$1.1M	$3.3M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.8123	+0.328%	$297K	$566K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.8134	+0.341%	$216.7M	$595.1M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.8180	+0.393%	$271K	$595K	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	8.8100	+0.302%	$22.7M	$59.8M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.8130	+0.336%	$42.5M	$24.6M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.8100	+0.302%	$13.5M	$13.5M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8090	+0.291%	$31.9M	$40.9M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	8.8090	+0.291%	—	$51.4M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8140	+0.348%	$982K	$2.4M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.7946	+0.127%	$165K	$342K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.7941	+0.121%	$611K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.7990	+0.177%	$83K	$727K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8000	+0.188%	$85K	$3.2M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.8134	+0.341%	$87K	$323K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8060	+0.257%	$15K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.8133	+0.340%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.8103	+0.306%	$25K	$650K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.8186	+0.400%	$708K	$4.2M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8110	+0.314%	$26.5M	$4.2M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8058	+0.254%	$307K	$1.4M	25x	as long as short
01 Exchange UNIUSD	+0.0104%	1h	8.8227	+0.447%	$440	—	10x	as long as short
Aevo UNI-PERPshort	+0.0104%	1h	8.8114	+0.319%	$31K	$1K	3x
dYdX UNI-USD	+0.0128%	1h	8.8145	+0.353%	$244K	$5K	10x	as long as short
Kraken Futures PF_UNIUSD	+0.0166%	1h	8.8163	+0.374%	$5.0M	$7.7M	50x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0192%	1h	8.8141	+0.349%	$547K	$126K	50x	as long as short
Coinbase International UNI-PERP-INTX	+0.0200%	1h	8.7940	+0.120%	$1.0M	$5.4M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.8060	+0.257%	$9.9M	$3.3M	75x	as long as short
Hyperliquid UNI	+0.0279%	1h	8.8235	+0.456%	$95.9M	$60.3M	10x	as long as short
Reya UNIRUSDPERP	+0.0356%	1h	8.8103	+0.305%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0382% / S −0.0324%	1h	8.8101	+0.304%	$550K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0563%	1h	8.8072	+0.271%	$1K	$52K	10x	as long as short
Lighter UNI	+0.0704%	1h	8.8300	+0.530%	$4.6M	$5.3M	15x	as long as short
Injective UNI/USDC PERP	+0.5000%	1h	9.3200	+6.109%	$16K	$89K	12x	as long as short