Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.003%

Price spread now: Orderly against Binance−0.299%59s7-day average −0.015% · you buy dearer than you sell

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

Long on Binance Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days+0.065%+$7 on $10k

Price spread, last 4 days (all we have)+0.496%+$50 · spread now −0.299%, 7d avg −0.015%

Together, before fees+0.561%+$56 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: Orderly is 0.284% cheaper against Binance than usual: you would sell low and buy high, −$28 on $10k if it goes back to its 7-day average of −0.015%. The two prices were read 59 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	Binance UNIUSDT	8.9287	0.0100	pay 0.0100% / 8h	2h 35m	$216.9M	$659.0M	75x
Short	Orderly PERP_UNI_USDC	8.9020	0.0100	get 0.0100% / 8h	2h 35m	$16K	$1.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Binance. 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 BinancebpFee OrderlybpOrdersPrice spread, now −0.299%Rate

Funding earned: $0
Price spread: −0.299% → −0.015%: −$28.43
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$44.43
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 8 min ago; Orderly: 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 Binance live order book, 8 min ago	0.56 bp	7.2 bp −$7	12.8 bp −$128	35.8 bp −$3,578	174.6 bp −$87.3K
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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
Nado UNI-PERP	−0.0137%	1h	8.9170	−0.131%	$832K	$4.7M	10x	as long as short
01 Exchange UNIUSD	−0.0056%	1h	8.9198	−0.100%	$445	$5	10x	as long as short
Kraken Futures PF_UNIUSD	−0.0017%	1h	8.9127	−0.179%	$4.8M	$8.5M	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0007%	1h	8.9284	−0.004%	$49K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−1.106%	$660	$153K	12x	as long as short
Polymarket Perps UNI-USD	+0.0096%	1h	8.9225	−0.070%	$98K	$509K	10x	as long as short
Lighter UNI	+0.0096%	1h	8.9329	+0.047%	$4.5M	$5.5M	15x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.9179	−0.121%	$25K	—	20x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.9289	+0.002%	$757K	$3.6M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.9238	−0.055%	$286K	$612K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance UNIUSDTlong	+0.0100%	8h	8.9287	long leg	$216.9M	$659.0M	75x
Bybit UNIUSDT	+0.0100%	8h	8.9260	−0.031%	$99.7M	$112.3M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	8.9220	−0.075%	$54.1M	$265.0M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.9240	−0.053%	$318K	$700K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.9200	−0.098%	$24.1M	$65.3M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.9250	−0.042%	$46.9M	$26.4M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.9240	−0.053%	$13.1M	$13.5M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.9220	−0.075%	$32.8M	$46.5M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.9260	−0.031%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.9139	−0.166%	$1.0M	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	8.8991	−0.332%	$4.1M	$4.2M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8799	−0.547%	$168K	$345K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8997	−0.325%	$621K	$2.7M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8870	−0.467%	$91K	$706K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8880	−0.456%	$15K	$3.4M	20x	as long as short
Orderly PERP_UNI_USDCshort	+0.0100%	8h	8.9020	−0.299%	$16K	$1.6M	10x
SunX UNI-USDT	+0.0100%	8h	8.9077	−0.236%	$36K	$1.4M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.9030	−0.288%	$26K	$854K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.9106	−0.203%	$711K	$5.0M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.9100	−0.210%	$27.0M	$4.3M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.9132	−0.174%	$286K	$1.7M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.9045	−0.272%	$32K	—	3x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0123%	1h	8.9091	−0.220%	$571K	$203K	50x	as long as short
Hyperliquid UNI	+0.0148%	1h	8.9357	+0.078%	$95.1M	$66.4M	10x	as long as short
dYdX UNI-USD	+0.0149%	1h	8.9207	−0.090%	$235K	$31K	10x	as long as short
Coinbase International UNI-PERP-INTX	+0.0184%	1h	8.9150	−0.154%	$932K	$5.8M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.8910	−0.423%	$10.1M	$3.6M	75x	as long as short
Reya UNIRUSDPERP	+0.0376%	1h	8.9223	−0.072%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	8.9275	−0.014%	$635K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0613%	1h	8.8844	−0.496%	$889	$45K	10x	as long as short