Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.029%

Price spread now: ApeX Omni against Variational Omni−0.729%118s7-day average +0.089% · you buy dearer than you sell

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

Long on Variational Omni Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.054%+$5 on $10k

Price spread, last 3 days (all we have)+0.828%+$83 · spread now −0.729%, 7d avg +0.089%

Together, before fees+0.882%+ Points / potential airdropVariational Omni: Active · farm board+$88 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: ApeX Omni is 0.818% cheaper against Variational Omni than usual: you would sell low and buy high, −$82 on $10k if it goes back to its 7-day average of +0.089%. The two prices were read 118 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	9.2011	0.0100	pay 0.0100% / 8h	7h 29m	$4.2M	$4.4M	—
Short	ApeX Omni UNIUSDT	9.1340	0.0100	get 0.0013% / 1h	29m 40s	$89K	$708K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni 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 ApeX OmnibpOrdersPrice spread, now −0.729%Rate

Funding earned: $0
Price spread: −0.729% → +0.089%: −$81.78
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$91.78
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 4 min ago; ApeX Omni: live order book, 44 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 Variational Omni RFQ quote, 4 min ago	3.25 bp	doesn't fit	14.8 bp −$148	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 44 min ago	10.58 bp	19.6 bp −$20	124.5 bp −$1,245	doesn't fit	doesn't fit

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 −0.0006%	1h	9.2327	+0.344%	$50K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−4.033%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0072%	1h	9.2321	+0.337%	$461	—	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.2275	+0.287%	$971K	$4.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.2380	+0.401%	$1.1M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.2343	+0.361%	$308K	$586K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.2257	+0.268%	$231.6M	$595.6M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.2230	+0.238%	$104.1M	$106.9M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.2210	+0.217%	$56.7M	$257.8M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.2350	+0.369%	$275K	$616K	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	9.2230	+0.238%	$23.4M	$59.0M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.2220	+0.227%	$45.2M	$23.9M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.2330	+0.347%	$13.9M	$13.5M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.2240	+0.249%	$33.9M	$42.2M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.2260	+0.271%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.2371	+0.392%	$1.1M	$2.4M	10x	as long as short
Variational Omni UNIlong	+0.0100%	8h	9.2011	long leg	$4.2M	$4.4M	—
edgeX UNIUSDC	+0.0100%	4h	9.1962	−0.052%	$173K	$345K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.2169	+0.172%	$649K	$2.6M	10x	as long as short
ApeX Omni UNIUSDTshort	+0.0100%	1h	9.1340	−0.729%	$89K	$708K	50x
StandX UNI-USD	+0.0100%	1h	9.1560	−0.490%	$36K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.2356	+0.375%	$87K	$375K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.2330	+0.347%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.2399	+0.422%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.2297	+0.311%	$22K	$714K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.2405	+0.428%	$733K	$4.4M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.2300	+0.314%	$27.8M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.2179	+0.183%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.2223	+0.230%	$306K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.2289	+0.302%	$33K	—	3x	as long as short
dYdX UNI-USD	+0.0120%	1h	9.2197	+0.203%	$254K	$8K	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.2130	+0.130%	$10.3M	$3.6M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0272%	1h	9.2410	+0.434%	$1.1M	$4.9M	50x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0318%	1h	9.2345	+0.363%	$595K	$178K	50x	as long as short
Reya UNIRUSDPERP	+0.0366%	1h	9.2323	+0.339%	$17K	—	20x	as long as short
Kraken Futures PF_UNIUSD	+0.0380%	1h	9.2375	+0.396%	$5.2M	$7.0M	50x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0382% / S −0.0323%	1h	9.2325	+0.342%	$585K	—	120x	as long as short
Hyperliquid UNI	+0.0526%	1h	9.2567	+0.605%	$102.0M	$60.4M	10x	as long as short
Aftermath Perps UNIUSD	+0.0932%	1h	9.1767	−0.265%	$952	$49K	10x	as long as short
Lighter UNI	+0.0944%	1h	9.2503	+0.535%	$4.7M	$5.3M	15x	as long as short