Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h 0.000%

Price spread now: Deribit against Orderly+0.042%7-day average +0.054% · you sell dearer than you buy

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

Long on Orderly Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.105%−$10 on $10k

Price spread, last 4 days (all we have)+0.010%+$1 · spread now +0.042%, 7d avg +0.054%

Together, before fees−0.094%−$9 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.054%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_UNI_USDC	8.9560	0.0100	pay 0.0100% / 8h	3h 28m	$16K	$1.4M	10x
Short	Deribit UNI_USDC-PERPETUAL	8.9598	0	get 0.0000% / 1h	28m 08s	$574K	$208K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Orderly. 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 OrderlybpFee DeribitbpOrdersPrice spread, now +0.042%Rate

Funding earned: −$21
Price spread: +0.042% → +0.054%: −$1.2
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$35.2
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Deribit: live order book, 26 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 Deribit live order book, 26 min ago	5.69 bp	15.3 bp −$15	24.7 bp −$247	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 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
Deribit UNI_USDC-PERPETUALshort	0.0000%	1h	8.9598	+0.042%	$574K	$208K	50x
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	8.9585	+0.028%	$37K	—	150x	as long as short
01 Exchange UNIUSD	+0.0016%	1h	8.9656	+0.107%	$447	$5	10x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−1.407%	$660	$154K	12x	as long as short
Lighter UNI	+0.0096%	1h	8.9691	+0.146%	$4.5M	$5.9M	15x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.9600	+0.045%	$976K	$4.5M	10x	as long as short
Hyperliquid UNI	+0.0100%	1h	8.9566	+0.007%	$95.4M	$64.0M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.9600	+0.045%	$786K	$3.6M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.9715	+0.173%	$291K	$608K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.9570	+0.011%	$221.2M	$646.9M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit UNIUSDT	+0.0100%	8h	8.9520	−0.045%	$100.5M	$111.9M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	8.9430	−0.145%	$54.7M	$260.8M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.9750	+0.212%	$313K	$653K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.9570	+0.011%	$23.9M	$63.9M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.9570	+0.011%	$48.0M	$25.8M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.9560	0.000%	$13.2M	$13.3M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.9460	−0.112%	$33.2M	$45.5M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	8.9470	−0.100%	—	$56.6M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.9523	−0.041%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	8.9889	+0.368%	$4.2M	$4.1M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.9775	+0.240%	$169K	$346K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.9845	+0.318%	$624K	$2.8M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.9820	+0.290%	$92K	$703K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.9840	+0.313%	$15K	$3.4M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.9622	+0.069%	$86K	$437K	10x	as long as short
Orderly PERP_UNI_USDClong	+0.0100%	8h	8.9560	long leg	$16K	$1.4M	10x
SunX UNI-USDT	+0.0100%	8h	8.9646	+0.096%	$36K	$1.4M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.9553	−0.008%	$29K	$817K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.9684	+0.138%	$701K	$4.9M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.9590	+0.033%	$27.1M	$4.4M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.9598	+0.042%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	8.9517	−0.049%	$285K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.9570	+0.011%	$32K	—	3x	as long as short
Coinbase International UNI-PERP-INTX	+0.0216%	1h	8.9600	+0.045%	$933K	$5.8M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.9760	+0.223%	$10.2M	$3.6M	75x	as long as short
Kraken Futures PF_UNIUSD	+0.0272%	1h	8.9608	+0.054%	$4.9M	$8.1M	50x	as long as short
dYdX UNI-USD	+0.0273%	1h	8.9734	+0.194%	$236K	$30K	10x	as long as short
Reya UNIRUSDPERP	+0.0374%	1h	8.9570	+0.011%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	8.9579	+0.021%	$638K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0806%	1h	8.9851	+0.325%	$881	$45K	10x	as long as short