Settings8H · net · $10k
Funding arb · Price arb /

UNI

all UNI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC−0.0076%/8h= −8.3% APRnext payment $0.10 per $10,000 · paid last 24h +0.001%
Price spread now: Deribit against ApeX Omni−0.233%7-day average −0.011% · you buy dearer than you sell
Net, funding: paid 7d − costs−$63as in the Funding arb table
Net, price: spread back to 7d avg − costs−$77as in the Price arb table
costs, in and out, $10k−$540.544% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.082%−$8 on $10k
Price spread, last 4 days (all we have)+0.840%+$84 · spread now −0.233%, 7d avg −0.011%
Together, before fees+0.758%+$76 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Deribit is 0.221% cheaper against ApeX Omni than usual: you would sell low and buy high (−$22 if the spread goes back to its 7-day average of −0.011%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni UNIUSDT8.89000.0100pay 0.0013% / 1h26m 46s$90K$710K50x
ShortDeribit UNI_USDC-PERPETUAL8.86930.0024get 0.0003% / 1h26m 46s$587K$273K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Deribit against ApeX 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

Funding earned
−$15.96
Price spread: −0.233% → −0.011%
−$22.15
Slippage, 4 orders
−$37.43
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Deribit: 3.5 bp × 2 orders
−$7
Net
−$92.54
Costs to cover
0.544%
Break-even
never at this rate
Slippage from ApeX Omni: live order book, 7 min ago; Deribit: live order book, 7 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy ApeX Omni live order book, 7 min ago6.18 bp13.8 bp −$14116.4 bp −$1,164doesn't fitdoesn't fit
Sell Deribit live order book, 7 min ago7.47 bp12.2 bp −$1220.3 bp −$203doesn't fitdoesn't fit

UNI on 40 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_UNIUSD−0.0062%1h8.8706−0.219%$4.7M$8.4M50xas long as short
gTrade (Gains Network) UNI/USDL +0.0004% / S −0.0005%1h8.8609−0.328%$76K150xas long as short
Deribit UNI_USDC-PERPETUALshort+0.0024%1h8.8693−0.233%$587K$273K50x
Injective UNI/USDC PERP+0.0033%1h8.8300−0.675%$660$153K12xas long as short
Nado UNI-PERP+0.0088%1h8.8650−0.281%$730K$4.5M10xas long as short
01 Exchange UNIUSD+0.0088%1h8.8651−0.280%$442$510xas long as short
Lighter UNI+0.0096%1h8.8722−0.200%$4.4M$5.4M15xas long as short
Paradex UNI-USD-PERP+0.0100%8h8.8610−0.326%$25K20xas long as short
Aster UNIUSDT+0.0100%8h8.8702−0.223%$725K$3.2M50xas long as short
Pacifica UNI+0.0100%1h8.8688−0.239%$287K$562K10xas long as short
Show all 40 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance UNIUSDT+0.0100%8h8.8604−0.333%$215.7M$645.3M75xas long as short
Bybit UNIUSDT+0.0100%8h8.8570−0.371%$98.3M$109.8M75xas long as short
OKX UNI-USDT-SWAP+0.0100%8h8.8580−0.360%$54.3M$259.2M50xas long as short
Arcus UNI-USD+0.0100%1h8.8700−0.225%$321K$701K10xas long as short
Gate UNI_USDT+0.0100%8h8.8670−0.259%$26.7M$62.8M75xas long as short
MEXC UNI_USDT+0.0100%8h8.8670−0.259%$47.4M$25.5M200xas long as short
KuCoin UNIUSDTM+0.0100%8h8.8700−0.225%$12.9M$13.2M75xas long as short
Bitget UNIUSDT+0.0100%8h8.8590−0.349%$32.9M$45.8M75xas long as short
BingX UNI-USDC+0.0100%8h8.8650−0.281%$6.5Mas long as short
Variational Omni UNI+0.0100%8h8.8820−0.090%$4.1M$4.0Mas long as short
edgeX UNIUSDC+0.0100%4h8.8854−0.052%$168K$348K20xas long as short
GRVT UNI_USDT_Perp+0.0100%8h8.8720−0.202%$620K$2.6M10xas long as short
ApeX Omni UNIUSDTlong+0.0100%1h8.8900long leg$90K$710K50x
StandX UNI-USD+0.0100%1h8.8650−0.281%$14K$3.5M20xas long as short
Polymarket Perps UNI-USD+0.0100%1h8.8665−0.264%$104K$615K10xas long as short
Orderly PERP_UNI_USDC+0.0100%8h8.8660−0.270%$17K$2.4M10xas long as short
SunX UNI-USDT+0.0100%8h8.8708−0.216%$36K$1.3M30xas long as short
SoDEX UNI-USD+0.0100%1h8.8645−0.287%$32K$893K10xas long as short
HTX UNI-USDT+0.0100%8h8.8736−0.184%$703K$4.7M75xas long as short
Phemex UNIUSDT+0.0100%8h8.8670−0.259%$26.8M$4.4M50xas long as short
Extended UNI-USD+0.0104%1h8.8620−0.316%$299K$1.8M25xas long as short
Aevo UNI-PERP+0.0104%1h8.8673−0.255%$31K3xas long as short
Hyperliquid UNI+0.0142%1h8.8695−0.231%$94.9M$67.7M10xas long as short
Backpack UNI_USDC_PERP+0.0147%1h8.8692−0.234%$1.1M$2.5M10xas long as short
Coinbase International UNI-PERP-INTX+0.0208%1h8.8710−0.214%$923K$5.4M50xas long as short
BloFin UNI-USDT+0.0220%8h8.8600−0.337%$10.2M$3.6M75xas long as short
GMX UNI/USD [UNI-USDC]L +0.0381% / S −0.0244%1h8.8680−0.247%$631K120xas long as short
Reya UNIRUSDPERP+0.0383%1h8.8592−0.346%$16K20xas long as short
Aftermath Perps UNIUSD+0.0449%1h8.8904+0.004%$1K$52K10xas long as short
dYdX UNI-USD+0.0560%1h8.8664−0.265%$233K$31K10xas long as short