Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0177%/8h= +19.3% APRpaid last 24h +0.062%

Price spread now: dYdX against Variational Omni+0.095%53s7-day average +0.020% · you sell dearer than you buy

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

Long on Variational Omni Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.339%+$34 on $10k

Price spread, last 4 days (all we have)−0.760%−$76 · spread now +0.095%, 7d avg +0.020%

Together, before fees−0.422%+ Points / potential airdropVariational Omni: Active · farm board−$42 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and dYdX is 0.076% dearer against Variational Omni than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.020%. The two prices were read 53 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	8.9508	0.0100	pay 0.0100% / 8h	3h 25m	$4.2M	$4.2M	—
Short	dYdX UNI-USD	8.9594	0.0277	get 0.0035% / 1h	25m 45s	$236K	$30K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now +0.095%Rate

Funding earned: $37.1
Price spread: +0.095% → +0.020%: $7.56
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee dYdX: 5 bp × 2 orders: −$10
Net: $34.66
Costs to cover: 0.100%
Break-even: 0.5 days

Slippage unknown: Variational Omni: RFQ quote, 3 min ago; dYdX: live order book, 28 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, 3 min ago	3.27 bp	doesn't fit	16.1 bp −$161	doesn't fit	doesn't fit
Sell dYdX live order book, 28 min ago	21.54 bp	33.0 bp −$33	132.1 bp −$1,321	211.1 bp −$21.1K	341.6 bp −$170.8K

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 −0.0004%	1h	8.9595	+0.097%	$37K	—	150x	as long as short
01 Exchange UNIUSD	+0.0008%	1h	8.9581	+0.081%	$447	$5	10x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−1.350%	$660	$154K	12x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0083%	1h	8.9606	+0.109%	$574K	$208K	50x	as long as short
Lighter UNI	+0.0096%	1h	8.9624	+0.129%	$4.5M	$5.9M	15x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.9573	+0.072%	$26K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.9570	+0.069%	$973K	$4.5M	10x	as long as short
Hyperliquid UNI	+0.0100%	1h	8.9593	+0.094%	$95.4M	$64.1M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.9574	+0.073%	$785K	$3.6M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.9606	+0.109%	$291K	$608K	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	8.9508	−0.001%	$220.9M	$647.5M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	8.9470	−0.043%	$100.4M	$111.9M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	8.9480	−0.032%	$54.6M	$261.0M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.9680	+0.192%	$313K	$656K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.9510	+0.002%	$23.9M	$64.0M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.9530	+0.024%	$47.9M	$26.0M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.9510	+0.002%	$13.2M	$13.3M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.9470	−0.043%	$33.2M	$45.4M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.9500	−0.009%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.9560	+0.058%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNIlong	+0.0100%	8h	8.9508	long leg	$4.2M	$4.2M	—
edgeX UNIUSDC	+0.0100%	4h	8.9795	+0.320%	$169K	$343K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.9680	+0.192%	$623K	$2.8M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.9820	+0.348%	$92K	$703K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.9660	+0.169%	$15K	$3.4M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.9566	+0.064%	$86K	$437K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.9580	+0.080%	$16K	$1.4M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.9626	+0.131%	$37K	$1.4M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.9519	+0.012%	$29K	$817K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.9652	+0.160%	$701K	$4.9M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.9530	+0.024%	$27.1M	$4.4M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.9457	−0.057%	$285K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.9557	+0.054%	$32K	—	3x	as long as short
Coinbase International UNI-PERP-INTX	+0.0216%	1h	8.9550	+0.046%	$933K	$5.8M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.9620	+0.125%	$10.2M	$3.5M	75x	as long as short
Kraken Futures PF_UNIUSD	+0.0272%	1h	8.9562	+0.059%	$4.9M	$8.1M	50x	as long as short
dYdX UNI-USDshort	+0.0277%	1h	8.9594	+0.095%	$236K	$30K	10x
Reya UNIRUSDPERP	+0.0374%	1h	8.9530	+0.024%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	8.9588	+0.089%	$638K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0792%	1h	8.9766	+0.288%	$949	$45K	10x	as long as short