Funding arb · Price arb /

UNI

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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 +0.026%

Price spread now: Orderly against Bybit+0.067%7-day average +0.062% · you sell dearer than you buy

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

Long on Bybit Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days+0.096%+$10 on $10k

Price spread, last 3 days (all we have)+0.145%+$14 · spread now +0.067%, 7d avg +0.062%

Together, before fees+0.241%+$24 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit UNIUSDT	8.9610	0.0100	pay 0.0100% / 8h	6h 46m	$100.6M	$107.6M	75x
Short	Orderly PERP_UNI_USDC	8.9670	0.0100	get 0.0100% / 8h	6h 46m	$16K	$1.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Bybit. 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 BybitbpFee OrderlybpOrdersPrice spread, now +0.067%Rate

Funding earned: $0
Price spread: +0.067% → +0.062%: $0.51
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$16.49
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 3 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 Bybit live order book, 3 min ago	0.56 bp	9.8 bp −$10	17.6 bp −$176	46.3 bp −$4,631	doesn't fit
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
dYdX UNI-USD	0.0000%	1h	8.9717	+0.119%	$236K	$30K	10x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	8.9648	+0.042%	$37K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−1.462%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0056%	1h	8.9709	+0.110%	$448	—	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.9650	+0.045%	$929K	$4.3M	10x	as long as short
Hyperliquid UNI	+0.0100%	1h	8.9676	+0.074%	$97.8M	$59.7M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.9729	+0.133%	$1.0M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.9711	+0.113%	$294K	$582K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.9640	+0.033%	$224.6M	$609.3M	75x	as long as short
Bybit UNIUSDTlong	+0.0100%	8h	8.9610	long leg	$100.6M	$107.6M	75x

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX UNI-USDT-SWAP	+0.0100%	8h	8.9610	0.000%	$55.4M	$252.2M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.9750	+0.156%	$274K	$616K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.9620	+0.011%	$22.8M	$57.9M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.9670	+0.067%	$49.9M	$24.9M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.9680	+0.078%	$13.3M	$13.7M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.9580	−0.033%	$32.8M	$42.8M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.9630	+0.022%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.9629	+0.021%	$982K	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	8.9621	+0.012%	$4.1M	$4.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.9950	+0.379%	$169K	$345K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.9996	+0.431%	$635K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0000	+0.435%	$88K	$706K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.9770	+0.179%	$55K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.9677	+0.075%	$85K	$408K	10x	as long as short
Orderly PERP_UNI_USDCshort	+0.0100%	8h	8.9670	+0.067%	$16K	$1.7M	10x
SunX UNI-USDT	+0.0100%	8h	8.9710	+0.112%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.9640	+0.033%	$21K	$715K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.9860	+0.279%	$714K	$4.2M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.9630	+0.022%	$27.0M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.9672	+0.070%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	8.9657	+0.053%	$299K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.9663	+0.059%	$32K	—	3x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.9940	+0.368%	$10.3M	$3.6M	75x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0232%	1h	8.9739	+0.144%	$580K	$187K	50x	as long as short
Coinbase International UNI-PERP-INTX	+0.0312%	1h	8.9820	+0.234%	$1.1M	$4.6M	50x	as long as short
Reya UNIRUSDPERP	+0.0368%	1h	8.9611	+0.001%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0382% / S −0.0245%	1h	8.9647	+0.041%	$639K	—	120x	as long as short
Kraken Futures PF_UNIUSD	+0.0427%	1h	8.9720	+0.123%	$5.0M	$6.9M	50x	as long as short
Lighter UNI	+0.0440%	1h	8.9823	+0.238%	$4.6M	$5.1M	15x	as long as short
Aftermath Perps UNIUSD	+0.1018%	1h	9.0005	+0.441%	$883	$49K	10x	as long as short