Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.018%

Price spread now: ApeX Omni against OKX+0.033%80s7-day average +0.101% · you sell dearer than you buy

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$420.420% of the position

Long on OKX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.087%+$9 on $10k

Price spread, last 4 days (all we have)−0.054%−$5 · spread now +0.033%, 7d avg +0.101%

Together, before fees+0.033%+$3 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: ApeX Omni is 0.067% cheaper against OKX than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.101%. The two prices were read 80 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	OKX UNI-USDT-SWAP	8.9860	0.0100	pay 0.0100% / 8h	1h 54m	$54.7M	$267.9M	50x
Short	ApeX Omni UNIUSDT	8.9890	0.0100	get 0.0013% / 1h	54m 16s	$90K	$708K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against OKX. 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 OKXbpFee ApeX OmnibpOrdersPrice spread, now +0.033%Rate

Funding earned: $0
Price spread: +0.033% → +0.101%: −$6.73
Slippage, 4 orders: −$21.96
Fee OKX: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$48.69
Costs to cover: 0.420%
Break-even: never at this rate

Slippage from OKX: live order book, 5 min ago; ApeX Omni: live order book, 54 min ago.

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 OKX live order book, 5 min ago	0.56 bp	6.7 bp −$7	8.6 bp −$86	48.6 bp −$4,863	doesn't fit
Sell ApeX Omni live order book, 54 min ago	6.17 bp	14.3 bp −$14	112.1 bp −$1,121	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
Polymarket Perps UNI-USD	−0.0147%	1h	8.9750	−0.122%	$120K	$596K	10x	as long as short
Kraken Futures PF_UNIUSD	−0.0017%	1h	8.9896	+0.040%	$4.7M	$8.6M	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0007%	1h	8.9828	−0.035%	$49K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−1.736%	$660	$153K	12x	as long as short
01 Exchange UNIUSD	+0.0056%	1h	8.9834	−0.029%	$448	$5	10x	as long as short
dYdX UNI-USD	+0.0089%	1h	8.9822	−0.042%	$236K	$31K	10x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.9766	−0.105%	$26K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.9777	−0.092%	$770K	$4.7M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.9898	+0.042%	$741K	$3.6M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.9820	−0.045%	$287K	$593K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance UNIUSDT	+0.0100%	8h	8.9870	+0.011%	$217.6M	$659.8M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	8.9870	+0.011%	$100.0M	$112.4M	75x	as long as short
OKX UNI-USDT-SWAPlong	+0.0100%	8h	8.9860	long leg	$54.7M	$267.9M	50x
Arcus UNI-USD	+0.0100%	1h	8.9880	+0.022%	$321K	$705K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.9880	+0.022%	$24.8M	$65.9M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.9870	+0.011%	$49.5M	$26.5M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.9900	+0.045%	$13.2M	$13.4M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.9870	+0.011%	$33.0M	$45.8M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	8.9850	−0.011%	—	$57.3M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.9929	+0.077%	$1.1M	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	8.9899	+0.044%	$4.1M	$4.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.9923	+0.070%	$170K	$344K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.9848	−0.013%	$623K	$2.7M	10x	as long as short
ApeX Omni UNIUSDTshort	+0.0100%	1h	8.9890	+0.033%	$90K	$708K	50x
StandX UNI-USD	+0.0100%	1h	9.0040	+0.200%	$15K	$3.5M	20x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.9840	−0.022%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.9837	−0.026%	$36K	$1.4M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.9855	−0.006%	$32K	$887K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.9882	+0.024%	$706K	$5.0M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.9860	0.000%	$27.1M	$4.5M	50x	as long as short
Lighter UNI	+0.0104%	1h	9.0000	+0.156%	$4.5M	$5.6M	15x	as long as short
Extended UNI-USD	+0.0104%	1h	8.9796	−0.072%	$299K	$1.7M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.9835	−0.028%	$32K	—	3x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0130%	1h	8.9882	+0.024%	$592K	$248K	50x	as long as short
Coinbase International UNI-PERP-INTX	+0.0192%	1h	9.0070	+0.234%	$939K	$5.6M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.9970	+0.122%	$10.2M	$3.7M	75x	as long as short
Reya UNIRUSDPERP	+0.0378%	1h	8.9773	−0.097%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0243%	1h	8.9818	−0.047%	$639K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0488%	1h	8.9999	+0.155%	$1K	$54K	10x	as long as short
Hyperliquid UNI	+0.0544%	1h	9.0001	+0.157%	$96.8M	$66.5M	10x	as long as short