Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0024%/8h= +2.6% APRpaid last 24h −0.066%

Price spread now: Variational Omni against dYdX−0.742%7-day average −0.021% · you buy dearer than you sell

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

Long on dYdX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.333%−$33 on $10k

Price spread, last 4 days (all we have)+1.021%+$102 · spread now −0.742%, 7d avg −0.021%

Together, before fees+0.688%+ Points / potential airdropVariational Omni: Active · farm board+$69 on $10k · with fees, hour by hour

Funding pays, the price is against you. Variational Omni is 0.721% cheaper against dYdX than usual: you would sell low and buy high (spread −0.742% now, against its 7-day average of −0.021%). If the spread goes back, that is −$72 on $10k: about 3 months of funding at the current rate (+$1 a day). Mind the row above: over the last 3 days funding on this pair cost −0.333%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX UNI-USD	9.1841	0.0076	pay 0.0010% / 1h	1m 25s	$242K	$30K	10x
Short	Variational Omni UNI	9.1159	0.0100	get 0.0100% / 8h	6h 01m	$4.2M	$4.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against dYdX. 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 dYdXbpFee Variational OmnibpOrdersPrice spread, now −0.742%Rate

Funding earned: $5.02
Price spread: −0.742% → −0.021%: −$72.13
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$77.11
Costs to cover: 0.100%
Break-even: 114.6 days

Slippage unknown: dYdX: live order book, 3 min ago; Variational Omni: RFQ quote, 3 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 dYdX live order book, 3 min ago	33.44 bp	38.4 bp −$38	38.4 bp −$384	89.7 bp −$8,967	442.6 bp −$221.3K
Sell Variational Omni RFQ quote, 3 min ago	3.25 bp	doesn't fit	13.0 bp −$130	doesn't fit	doesn't fit

UNI on 39 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 −0.0007%	1h	9.1929	+0.096%	$26K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−3.855%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0072%	1h	9.1968	+0.139%	$459	$5	10x	as long as short
dYdX UNI-USDlong	+0.0076%	1h	9.1841	long leg	$242K	$30K	10x
Nado UNI-PERP	+0.0100%	1h	9.1835	−0.006%	$975K	$4.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.1970	+0.141%	$1.1M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.1887	+0.051%	$300K	$568K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.1951	+0.120%	$230.1M	$607.3M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.1910	+0.076%	$103.2M	$107.3M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.1810	−0.033%	$56.9M	$255.5M	50x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus UNI-USD	+0.0100%	1h	9.2050	+0.228%	$292K	$619K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.1910	+0.076%	$23.6M	$59.5M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.1950	+0.119%	$49.9M	$26.5M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.1910	+0.076%	$13.8M	$12.8M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.1880	+0.043%	$33.6M	$42.4M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	9.1940	+0.108%	—	$56.8M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.1792	−0.053%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNIshort	+0.0100%	8h	9.1159	−0.742%	$4.2M	$4.3M	—
edgeX UNIUSDC	+0.0100%	4h	9.1826	−0.016%	$173K	$346K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.1739	−0.111%	$638K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.1930	+0.097%	$90K	$699K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.1940	+0.108%	$57K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.1902	+0.067%	$89K	$408K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.1780	−0.066%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.1922	+0.089%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.1805	−0.039%	$22K	$727K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.1912	+0.078%	$730K	$4.2M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.1780	−0.066%	$27.7M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.1812	−0.031%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.1883	+0.046%	$304K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.1800	−0.044%	$33K	—	3x	as long as short
Hyperliquid UNI	+0.0284%	1h	9.2064	+0.243%	$100.2M	$59.1M	10x	as long as short
Coinbase International UNI-PERP-INTX	+0.0312%	1h	9.1840	−0.001%	$1.1M	$4.7M	50x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0332%	1h	9.1845	+0.005%	$596K	$188K	50x	as long as short
Reya UNIRUSDPERP	+0.0369%	1h	9.1862	+0.023%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.1936	+0.104%	$655K	—	120x	as long as short
Kraken Futures PF_UNIUSD	+0.0417%	1h	9.1858	+0.019%	$5.1M	$6.9M	50x	as long as short
Lighter UNI	+0.0520%	1h	9.2063	+0.242%	$4.7M	$5.3M	15x	as long as short
Aftermath Perps UNIUSD	+0.0913%	1h	9.1562	−0.304%	$1K	$48K	10x	as long as short