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 −0.012%

Price spread now: Variational Omni against OKX−0.388%7-day average −0.013% · you buy dearer than you sell

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

Long on OKX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.022%−$2 on $10k

Price spread, last 7 days+0.321%+$32 · spread now −0.388%, 7d avg −0.013%

Together, before fees+0.299%+ Points / potential airdropVariational Omni: Active · farm board+$30 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: Variational Omni is 0.375% cheaper against OKX than usual: you would sell low and buy high, −$37 on $10k if it goes back to its 7-day average of −0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX UNI-USDT-SWAP	9.0750	0.0100	pay 0.0100% / 8h	4h 24m	$55.2M	$261.2M	50x
Short	Variational Omni UNI	9.0398	0.0100	get 0.0100% / 8h	4h 24m	$4.3M	$4.1M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational 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 Variational OmnibpOrdersPrice spread, now −0.388%Rate

Funding earned: $0
Price spread: −0.388% → −0.013%: −$37.47
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$47.47
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 5 min ago; Variational Omni: RFQ quote, 5 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 OKX live order book, 5 min ago	0.55 bp	7.9 bp −$8	15.0 bp −$150	55.0 bp −$5,495	doesn't fit
Sell Variational Omni RFQ quote, 5 min ago	3.26 bp	doesn't fit	15.7 bp −$157	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
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	9.0787	+0.041%	$37K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−2.700%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0064%	1h	9.0833	+0.091%	$453	$5	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.0790	+0.044%	$892K	$4.4M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.0796	+0.050%	$832K	$3.5M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.0825	+0.083%	$295K	$599K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.0796	+0.051%	$223.3M	$637.1M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.0770	+0.022%	$101.9M	$110.8M	75x	as long as short
OKX UNI-USDT-SWAPlong	+0.0100%	8h	9.0750	long leg	$55.2M	$261.2M	50x
Arcus UNI-USD	+0.0100%	1h	9.0900	+0.165%	$315K	$651K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate UNI_USDT	+0.0100%	8h	9.0800	+0.055%	$23.6M	$63.6M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0800	+0.055%	$48.0M	$25.4M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0790	+0.044%	$13.6M	$13.2M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0790	+0.044%	$33.5M	$44.7M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	9.0790	+0.044%	—	$56.6M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.0745	−0.006%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNIshort	+0.0100%	8h	9.0398	−0.388%	$4.3M	$4.1M	—
edgeX UNIUSDC	+0.0100%	4h	9.0305	−0.490%	$170K	$344K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0350	−0.441%	$640K	$2.8M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0340	−0.452%	$92K	$700K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0730	−0.022%	$15K	$3.4M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.0824	+0.082%	$87K	$426K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.0760	+0.011%	$16K	$1.5M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.0729	−0.023%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.0735	−0.017%	$22K	$790K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.0817	+0.074%	$725K	$4.6M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.0700	−0.055%	$27.4M	$4.4M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.0787	+0.041%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0751	+0.001%	$293K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0760	+0.011%	$32K	—	3x	as long as short
dYdX UNI-USD	+0.0116%	1h	9.0793	+0.047%	$239K	$30K	10x	as long as short
Lighter UNI	+0.0168%	1h	9.0939	+0.208%	$4.6M	$5.8M	15x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.0760	+0.011%	$10.2M	$3.6M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0248%	1h	9.0790	+0.044%	$1.1M	$5.7M	50x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0250%	1h	9.0779	+0.032%	$582K	$193K	50x	as long as short
Kraken Futures PF_UNIUSD	+0.0269%	1h	9.0810	+0.066%	$5.0M	$7.9M	50x	as long as short
Reya UNIRUSDPERP	+0.0372%	1h	9.0777	+0.030%	$17K	—	20x	as long as short
Hyperliquid UNI	+0.0376%	1h	9.0886	+0.150%	$98.4M	$62.4M	10x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.0774	+0.027%	$646K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0994%	1h	9.0621	−0.142%	$1K	$46K	10x	as long as short