Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0277%/8h= −30.4% APRpaid last 24h −0.093%

Price spread now: OKX against Reya−0.047%7-day average — · you buy dearer than you sell

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

Long on Reya Short on OKX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and OKX is 0.047% cheaper against Reya than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya UNIRUSDPERP	9.0332	0.0377	pay 0.0047% / 1h	4m 58s	$16K	—	20x
Short	OKX UNI-USDT-SWAP	9.0290	0.0100	get 0.0100% / 8h	2h 04m	$54.9M	$269.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Reya. 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 ReyabpFee OKXbpOrdersPrice spread, now −0.047%Rate

Funding earned: −$58.22
Price spread: −0.047% → 0.000%: −$4.67
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee OKX: 5 bp × 2 orders: −$10
Net: −$78.89
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; OKX: live order book, 4 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 Reya no order-book sample	—	—	—	—	—
Sell OKX live order book, 4 min ago	0.56 bp	7.8 bp −$8	15.9 bp −$159	53.4 bp −$5,342	doesn't fit

Reya: 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
Nado UNI-PERP	−0.0019%	1h	9.0387	+0.061%	$782K	$4.7M	10x	as long as short
Kraken Futures PF_UNIUSD	−0.0017%	1h	9.0297	−0.039%	$4.8M	$8.6M	50x	as long as short
Deribit UNI_USDC-PERPETUAL	0.0000%	1h	9.0326	−0.006%	$595K	$247K	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0007%	1h	9.0356	+0.026%	$49K	—	150x	as long as short
01 Exchange UNIUSD	+0.0008%	1h	9.0378	+0.051%	$451	$5	10x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−2.250%	$660	$153K	12x	as long as short
Polymarket Perps UNI-USD	+0.0083%	1h	9.0321	−0.012%	$128K	$581K	10x	as long as short
Lighter UNI	+0.0096%	1h	9.0399	+0.074%	$4.5M	$5.6M	15x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.0389	+0.063%	$26K	—	20x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.0353	+0.023%	$748K	$3.6M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica UNI	+0.0100%	1h	9.0421	+0.098%	$291K	$592K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.0320	−0.013%	$219.3M	$658.6M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.0320	−0.013%	$100.6M	$112.4M	75x	as long as short
OKX UNI-USDT-SWAPshort	+0.0100%	8h	9.0290	−0.047%	$54.9M	$269.0M	50x
Arcus UNI-USD	+0.0100%	1h	9.0440	+0.119%	$323K	$705K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.0330	−0.002%	$24.8M	$66.8M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0330	−0.002%	$49.8M	$27.2M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0340	+0.009%	$13.2M	$13.4M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0330	−0.002%	$33.2M	$45.9M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	9.0320	−0.013%	—	$57.3M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.0367	+0.039%	$1.1M	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.0319	−0.014%	$4.2M	$4.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.0174	−0.175%	$171K	$346K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0060	−0.301%	$624K	$2.7M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0180	−0.168%	$91K	$709K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0310	−0.025%	$15K	$3.5M	20x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.0300	−0.036%	$17K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.0338	+0.006%	$36K	$1.4M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.0275	−0.063%	$32K	$886K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.0438	+0.117%	$710K	$5.0M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.0280	−0.058%	$27.3M	$4.5M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0297	−0.039%	$300K	$1.7M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0302	−0.033%	$32K	—	3x	as long as short
dYdX UNI-USD	+0.0144%	1h	9.0394	+0.068%	$238K	$31K	10x	as long as short
Coinbase International UNI-PERP-INTX	+0.0184%	1h	9.0310	−0.025%	$943K	$5.7M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.0280	−0.058%	$10.1M	$3.7M	75x	as long as short
Hyperliquid UNI	+0.0225%	1h	9.0452	+0.133%	$96.7M	$66.3M	10x	as long as short
Reya UNIRUSDPERPlong	+0.0377%	1h	9.0332	long leg	$16K	—	20x
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0243%	1h	9.0382	+0.055%	$643K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0464%	1h	9.0059	−0.302%	$986	$54K	10x	as long as short