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 +0.017%

Price spread now: Orderly against OKX+0.495%50s7-day average +0.030% · you sell dearer than you buy

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

Long on OKX Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days+0.099%+$10 on $10k

Price spread, last 4 days (all we have)−0.203%−$20 · spread now +0.495%, 7d avg +0.030%

Together, before fees−0.104%−$10 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 0.465% dearer against OKX than usual: you sell high and buy low, +$47 on $10k if it goes back to its 7-day average of +0.030%. The two prices were read 50 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	8.8830	0.0100	pay 0.0100% / 8h	3h 22m	$54.0M	$260.2M	50x
Short	Orderly PERP_UNI_USDC	8.9270	0.0100	get 0.0100% / 8h	3h 22m	$16K	$1.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.495%Rate

Funding earned: $0
Price spread: +0.495% → +0.030%: $46.54
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: $30.54
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: OKX: live order book, 1 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 OKX live order book, 1 min ago	0.56 bp	6.8 bp −$7	12.6 bp −$126	81.9 bp −$8,186	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
01 Exchange UNIUSD	0.0000%	1h	8.8722	−0.122%	$443	$5	10x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0007%	1h	8.9297	+0.525%	$49K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−0.597%	$660	$154K	12x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0094%	1h	8.9330	+0.562%	$572K	$208K	50x	as long as short
Lighter UNI	+0.0096%	1h	8.8993	+0.183%	$4.5M	$5.9M	15x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8741	−0.100%	$25K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.8860	+0.034%	$943K	$4.5M	10x	as long as short
Hyperliquid UNI	+0.0100%	1h	8.8953	+0.138%	$94.5M	$64.4M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.8794	−0.041%	$776K	$3.6M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.8860	+0.034%	$289K	$608K	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	8.8840	+0.011%	$219.3M	$648.1M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	8.8830	0.000%	$99.7M	$111.8M	75x	as long as short
OKX UNI-USDT-SWAPlong	+0.0100%	8h	8.8830	long leg	$54.0M	$260.2M	50x
Arcus UNI-USD	+0.0100%	1h	8.8860	+0.034%	$315K	$664K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.8750	−0.090%	$23.6M	$64.5M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.8790	−0.045%	$47.2M	$26.1M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.8890	+0.068%	$13.1M	$13.3M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8710	−0.135%	$33.0M	$45.7M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.8730	−0.113%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.9280	+0.507%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	8.9508	+0.764%	$4.2M	$4.2M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.9522	+0.778%	$169K	$344K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.9410	+0.653%	$621K	$2.8M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.9600	+0.867%	$92K	$702K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.9330	+0.563%	$15K	$3.4M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.9317	+0.548%	$86K	$437K	10x	as long as short
Orderly PERP_UNI_USDCshort	+0.0100%	8h	8.9270	+0.495%	$16K	$1.4M	10x
SunX UNI-USDT	+0.0100%	8h	8.9334	+0.567%	$36K	$1.4M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.9270	+0.495%	$31K	$818K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.9341	+0.575%	$699K	$4.9M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.9260	+0.484%	$27.0M	$4.4M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8681	−0.168%	$287K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.9275	+0.501%	$32K	—	3x	as long as short
Coinbase International UNI-PERP-INTX	+0.0216%	1h	8.9290	+0.518%	$930K	$5.8M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.9210	+0.428%	$10.2M	$3.5M	75x	as long as short
Kraken Futures PF_UNIUSD	+0.0272%	1h	8.9307	+0.537%	$4.9M	$8.1M	50x	as long as short
dYdX UNI-USD	+0.0276%	1h	8.8774	−0.063%	$234K	$30K	10x	as long as short
Reya UNIRUSDPERP	+0.0375%	1h	8.9246	+0.468%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	8.9300	+0.530%	$636K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0779%	1h	8.9605	+0.872%	$948	$45K	10x	as long as short