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 +0.018%

Price spread now: edgeX against OKX+0.149%71s7-day average +0.045% · you sell dearer than you buy

Net, funding: paid 7d − costs−$20as 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−$300.300% of the position

Long on OKX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.100%+$10 on $10k

Price spread, last 4 days (all we have)+0.132%+$13 · spread now +0.149%, 7d avg +0.045%

Together, before fees+0.232%+ Points / potential airdropedgeX: Active · farm board+$23 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: edgeX is 0.104% dearer against OKX than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of +0.045%. The two prices were read 71 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	9.0980	0.0100	pay 0.0100% / 8h	5h 54m	$56.3M	$253.1M	50x
Short	edgeX UNIUSDC	9.1115	0.0100	get 0.0050% / 4h	1h 54m	$172K	$344K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.149%Rate

Funding earned: $0
Price spread: +0.149% → +0.045%: $10.43
Slippage, 4 orders: −$11.01
Fee OKX: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$19.58
Costs to cover: 0.300%
Break-even: never at this rate

Slippage from OKX: live order book, 5 min ago; edgeX: live order book, 9 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	0.55 bp	7.2 bp −$7	13.0 bp −$130	54.8 bp −$5,483	doesn't fit
Sell edgeX live order book, 9 min ago	2.18 bp	6.7 bp −$7	18.7 bp −$187	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
ApeX Omni UNIUSDT	−0.0060%	1h	9.1070	+0.099%	$89K	$700K	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	9.0945	−0.038%	$19K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−2.946%	$660	$154K	12x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.0845	−0.148%	$950K	$4.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.1036	+0.062%	$1.0M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.1049	+0.076%	$297K	$564K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.0969	−0.013%	$228.3M	$608.3M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.0930	−0.055%	$102.4M	$107.6M	75x	as long as short
OKX UNI-USDT-SWAPlong	+0.0100%	8h	9.0980	long leg	$56.3M	$253.1M	50x
Arcus UNI-USD	+0.0100%	1h	9.1110	+0.143%	$289K	$619K	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate UNI_USDT	+0.0100%	8h	9.0950	−0.033%	$23.3M	$58.8M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0990	+0.011%	$49.4M	$24.9M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0940	−0.044%	$13.7M	$12.8M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0980	0.000%	$33.4M	$42.5M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	9.0940	−0.044%	—	$56.6M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.1284	+0.334%	$996K	$2.2M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.1840	+0.945%	$4.2M	$4.2M	—	as long as short
edgeX UNIUSDCshort	+0.0100%	4h	9.1115	+0.149%	$172K	$344K	20x
GRVT UNI_USDT_Perp	+0.0100%	8h	9.1604	+0.686%	$642K	$2.6M	10x	as long as short
StandX UNI-USD	+0.0100%	1h	9.1730	+0.824%	$57K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.1007	+0.030%	$89K	$410K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.1010	+0.033%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.0988	+0.009%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.1002	+0.024%	$22K	$730K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.1480	+0.550%	$727K	$4.2M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.1320	+0.374%	$27.6M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.1024	+0.049%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0963	−0.019%	$303K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.1039	+0.064%	$32K	—	3x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0130%	1h	9.1055	+0.083%	$591K	$188K	50x	as long as short
01 Exchange UNIUSD	+0.0136%	1h	9.1093	+0.124%	$455	$5	10x	as long as short
Kraken Futures PF_UNIUSD	+0.0270%	1h	9.1018	+0.042%	$5.1M	$7.1M	50x	as long as short
dYdX UNI-USD	+0.0270%	1h	9.1065	+0.093%	$240K	$30K	10x	as long as short
Coinbase International UNI-PERP-INTX	+0.0296%	1h	9.1030	+0.055%	$1.1M	$4.9M	50x	as long as short
Reya UNIRUSDPERP	+0.0369%	1h	9.0891	−0.097%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.0945	−0.038%	$648K	—	120x	as long as short
Hyperliquid UNI	+0.0446%	1h	9.1074	+0.103%	$99.0M	$58.9M	10x	as long as short
Lighter UNI	+0.0584%	1h	9.1238	+0.284%	$4.8M	$5.5M	15x	as long as short
Aftermath Perps UNIUSD	+0.0933%	1h	9.1448	+0.515%	$878	$47K	10x	as long as short