Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against Orderly−0.217%70s7-day average +0.070% · you buy dearer than you sell

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

Long on Orderly Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.012%−$1 on $10k

Price spread, last 4 days (all we have)−0.071%−$7 · spread now −0.217%, 7d avg +0.070%

Together, before fees−0.084%−$8 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 0.287% cheaper against Orderly than usual: you would sell low and buy high, −$29 on $10k if it goes back to its 7-day average of +0.070%. The two prices were read 70 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	Orderly PERP_UNI_USDC	8.7730	0.0100	pay 0.0100% / 8h	5h 07m	$16K	$2.4M	10x
Short	ApeX Omni UNIUSDT	8.7540	0.0100	get 0.0013% / 1h	7m 40s	$88K	$712K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Orderly. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 OrderlybpFee ApeX OmnibpOrdersPrice spread, now −0.217%Rate

Funding earned: $0
Price spread: −0.217% → +0.070%: −$28.7
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$44.7
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; ApeX Omni: live order book, 39 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 Orderly no order-book sample	—	—	—	—	—
Sell ApeX Omni live order book, 39 min ago	6.26 bp	13.9 bp −$14	101.2 bp −$1,012	doesn't fit	doesn't fit

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 exchanges

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 −0.0005%	1h	8.7763	+0.037%	$75K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	+0.650%	$660	$147K	12x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0037%	1h	8.7781	+0.058%	$581K	$214K	50x	as long as short
Nado UNI-PERP	+0.0058%	1h	8.7777	+0.054%	$647K	$3.9M	10x	as long as short
01 Exchange UNIUSD	+0.0072%	1h	8.7820	+0.103%	$438	$56	10x	as long as short
OKX UNI-USDT-SWAP	+0.0084%	8h	8.7630	−0.114%	$54.1M	$216.7M	50x	as long as short
Lighter UNI	+0.0096%	1h	8.7779	+0.056%	$4.3M	$4.8M	15x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.7621	−0.124%	$25K	—	20x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.7740	+0.012%	$765K	$2.5M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.7687	−0.048%	$289K	$456K	10x	as long as short

Show all 40 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance UNIUSDT	+0.0100%	8h	8.7669	−0.070%	$213.7M	$556.4M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	8.7640	−0.103%	$97.4M	$95.7M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.7750	+0.023%	$319K	$518K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.7660	−0.080%	$28.1M	$56.2M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.7680	−0.057%	$46.0M	$21.0M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.7690	−0.046%	$12.9M	$11.0M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.7660	−0.080%	$33.0M	$42.0M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	8.7660	−0.080%	—	$49.7M	—	as long as short
Variational Omni UNI	+0.0100%	8h	8.7683	−0.054%	$4.0M	$2.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.7532	−0.225%	$165K	$341K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.7732	+0.002%	$612K	$2.2M	10x	as long as short
ApeX Omni UNIUSDTshort	+0.0100%	1h	8.7540	−0.217%	$88K	$712K	50x
StandX UNI-USD	+0.0100%	1h	8.7750	+0.023%	$93K	$3.4M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.7757	+0.031%	$97K	$616K	10x	as long as short
Orderly PERP_UNI_USDClong	+0.0100%	8h	8.7730	long leg	$16K	$2.4M	10x
SunX UNI-USDT	+0.0100%	8h	8.7813	+0.095%	$36K	$1.1M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.7734	+0.005%	$21K	$730K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.7856	+0.144%	$704K	$3.8M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.7760	+0.034%	$26.5M	$4.5M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.7609	−0.137%	$300K	$1.7M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.7732	+0.003%	$31K	—	3x	as long as short
Backpack UNI_USDC_PERP	+0.0123%	1h	8.7770	+0.046%	$1.1M	$2.3M	10x	as long as short
Kraken Futures PF_UNIUSD	+0.0132%	1h	8.7774	+0.050%	$4.7M	$7.6M	50x	as long as short
Hyperliquid UNI	+0.0165%	1h	8.7820	+0.103%	$94.2M	$60.1M	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.7710	−0.023%	$10.0M	$3.3M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0240%	1h	8.7830	+0.114%	$911K	$4.4M	50x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0243%	1h	8.7695	−0.040%	$624K	—	120x	as long as short
Reya UNIRUSDPERP	+0.0388%	1h	8.7698	−0.036%	$16K	—	20x	as long as short
dYdX UNI-USD	+0.0430%	1h	8.7805	+0.086%	$230K	$32K	10x	as long as short
Aftermath Perps UNIUSD	+0.0517%	1h	8.7801	+0.080%	$1K	$49K	10x	as long as short