Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.029%

Price spread now: Variational Omni against ApeX Omni+0.065%88s7-day average −0.098% · you sell dearer than you buy

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

Long on ApeX Omni Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.058%−$6 on $10k

Price spread, last 4 days (all we have)−0.155%−$16 · spread now +0.065%, 7d avg −0.098%

Together, before fees−0.213%+ Points / potential airdropVariational Omni: Active · farm board−$21 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: Variational Omni is 0.163% dearer against ApeX Omni than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of −0.098%. The two prices were read 88 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	ApeX Omni UNIUSDT	9.0340	0.0100	pay 0.0013% / 1h	23m 58s	$92K	$700K	50x
Short	Variational Omni UNI	9.0398	0.0100	get 0.0100% / 8h	4h 23m	$4.3M	$4.1M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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

Position, each leg$Hold fordaysFee ApeX OmnibpFee Variational OmnibpOrdersPrice spread, now +0.065%Rate

Funding earned: $0
Price spread: +0.065% → −0.098%: $16.27
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $6.27
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: ApeX Omni: live order book, 35 min ago; Variational Omni: RFQ quote, just now. 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 ApeX Omni live order book, 35 min ago	6.04 bp	13.2 bp −$13	93.6 bp −$936	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, just now	3.26 bp	doesn't fit	15.1 bp −$151	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 −0.0004%	1h	9.0787	+0.495%	$37K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−2.258%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0064%	1h	9.0833	+0.546%	$453	$5	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.0790	+0.498%	$892K	$4.4M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.0801	+0.510%	$832K	$3.5M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.0825	+0.537%	$295K	$599K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.0745	+0.448%	$223.1M	$637.4M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.0720	+0.421%	$101.8M	$110.8M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.0710	+0.410%	$55.2M	$261.0M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.0900	+0.620%	$315K	$651K	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	9.0760	+0.465%	$23.6M	$63.6M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0780	+0.487%	$48.0M	$25.4M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0770	+0.476%	$13.6M	$13.2M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0720	+0.421%	$33.5M	$44.7M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	9.0760	+0.465%	—	$56.6M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.0827	+0.539%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNIshort	+0.0100%	8h	9.0398	+0.065%	$4.3M	$4.1M	—
edgeX UNIUSDC	+0.0100%	4h	9.0305	−0.039%	$170K	$344K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0350	+0.011%	$640K	$2.8M	10x	as long as short
ApeX Omni UNIUSDTlong	+0.0100%	1h	9.0340	long leg	$92K	$700K	50x
StandX UNI-USD	+0.0100%	1h	9.0730	+0.432%	$15K	$3.4M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.0824	+0.536%	$87K	$426K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.0760	+0.465%	$16K	$1.5M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.0856	+0.571%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.0775	+0.482%	$22K	$790K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.0940	+0.664%	$726K	$4.6M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.0760	+0.465%	$27.5M	$4.4M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.0787	+0.495%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0729	+0.430%	$293K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0760	+0.465%	$32K	—	3x	as long as short
dYdX UNI-USD	+0.0116%	1h	9.0793	+0.501%	$239K	$30K	10x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0161%	1h	9.0815	+0.526%	$582K	$193K	50x	as long as short
Lighter UNI	+0.0168%	1h	9.0909	+0.630%	$4.6M	$5.8M	15x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.0760	+0.465%	$10.2M	$3.6M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0248%	1h	9.0830	+0.542%	$1.1M	$5.7M	50x	as long as short
Kraken Futures PF_UNIUSD	+0.0269%	1h	9.0833	+0.545%	$5.0M	$7.9M	50x	as long as short
Reya UNIRUSDPERP	+0.0372%	1h	9.0777	+0.484%	$17K	—	20x	as long as short
Hyperliquid UNI	+0.0373%	1h	9.0871	+0.588%	$98.4M	$62.4M	10x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.0774	+0.481%	$646K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0994%	1h	9.0621	+0.311%	$1K	$46K	10x	as long as short