Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0692%/8h= +75.8% APRpaid last 24h +0.249%

Price spread now: Aftermath Perps against Variational Omni−0.486%7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on Aftermath Perps

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

Funding pays, the price is against you. Aftermath Perps is 0.486% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.486% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$49 on $10k: about 2.3 days of funding at the current rate (+$21 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni UNI	8.9562	−0.0161	get 0.0161% / 8h	2h 20m	$4.0M	$4.6M	—
Short	Aftermath Perps UNIUSD	8.9127	0.0531	get 0.0066% / 1h	20m 24s	$1K	$50K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Variational Omni. 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 Variational OmnibpFee Aftermath PerpsbpOrdersPrice spread, now −0.486%Rate

Funding earned: $145.36
Price spread: −0.486% → 0.000%: −$48.57
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: $87.79
Costs to cover: 0.090%
Break-even: 2.8 days

Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Aftermath Perps: 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, 4 min ago	3.26 bp	doesn't fit	16.5 bp −$165	doesn't fit	doesn't fit
Sell Aftermath Perps no order-book sample	—	—	—	—	—

Aftermath Perps: 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 UNIlong	−0.0161%	8h	8.9562	long leg	$4.0M	$4.6M	—
Bybit UNIUSDT	−0.0109%	8h	8.8980	−0.650%	$101.5M	$106.0M	75x	as long as short
Deribit UNI_USDC-PERPETUAL	0.0000%	1h	8.9035	−0.589%	$563K	$138K	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0006%	1h	8.9040	−0.582%	$80K	—	150x	as long as short
OKX UNI-USDT-SWAP	+0.0022%	8h	8.8990	−0.639%	$54.8M	$248.1M	50x	as long as short
01 Exchange UNIUSD	+0.0024%	1h	8.9063	−0.557%	$444	—	10x	as long as short
dYdX UNI-USD	+0.0089%	1h	8.9001	−0.626%	$246K	$5K	10x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8983	−0.647%	$25K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.8980	−0.650%	$860K	$4.0M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.9050	−0.572%	$1.0M	$3.4M	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	8.9020	−0.605%	$301K	$564K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.9001	−0.626%	$217.5M	$595.3M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.9090	−0.527%	$275K	$612K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.9000	−0.627%	$23.1M	$59.3M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.9000	−0.627%	$43.1M	$24.7M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.9000	−0.627%	$13.4M	$13.9M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8970	−0.661%	$32.3M	$41.5M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.9010	−0.616%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.9034	−0.589%	$987K	$2.3M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.9114	−0.500%	$168K	$342K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.9080	−0.538%	$619K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.9120	−0.493%	$84K	$712K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.9150	−0.460%	$106K	$3.2M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.9015	−0.611%	$94K	$332K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8970	−0.661%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.9130	−0.482%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.8987	−0.642%	$25K	$666K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.9140	−0.471%	$727K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.9030	−0.594%	$26.8M	$4.4M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8979	−0.650%	$308K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.9005	−0.622%	$32K	$1K	3x	as long as short
Coinbase International UNI-PERP-INTX	+0.0200%	1h	8.9170	−0.438%	$1.0M	$5.4M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.8950	−0.683%	$9.8M	$3.4M	75x	as long as short
Kraken Futures PF_UNIUSD	+0.0267%	1h	8.9029	−0.595%	$5.0M	$7.1M	50x	as long as short
Hyperliquid UNI	+0.0293%	1h	8.9137	−0.474%	$97.0M	$59.8M	10x	as long as short
Reya UNIRUSDPERP	+0.0360%	1h	8.8982	−0.647%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0379% / S −0.0320%	1h	8.9031	−0.593%	$559K	—	120x	as long as short
Aftermath Perps UNIUSDshort	+0.0531%	1h	8.9127	−0.486%	$1K	$50K	10x
Lighter UNI	+0.0560%	1h	8.9176	−0.431%	$4.6M	$5.4M	15x	as long as short
Injective UNI/USDC PERP	+0.2702%	1h	8.7900	−1.856%	$657	$97K	12x	as long as short