Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0098%/8h= +10.8% APRpaid last 24h +0.038%

Price spread now: Arcus against Variational Omni+0.732%7-day average +0.086% · you sell dearer than you buy

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

Long on Variational Omni Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.064%+$6 on $10k

Price spread, last 4 days (all we have)−0.959%−$96 · spread now +0.732%, 7d avg +0.086%

Together, before fees−0.895%+ Points / potential airdropVariational Omni: Active · farm board−$90 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Arcus is 0.646% dearer against Variational Omni than usual: you sell high and buy low: +$65 more if the spread goes back to its 7-day average of +0.086%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni UNI	9.1084	0.0002	pay 0.0002% / 8h	48m 56s	$4.0M	$4.3M	—
Short	Arcus UNI-USD	9.1750	0.0100	get 0.0013% / 1h	48m 56s	$283K	$620K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Variational Omni. 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 Variational OmnibpFee ArcusbpOrdersPrice spread, now +0.732%Rate

Funding earned: $20.63
Price spread: +0.732% → +0.086%: $64.57
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: $80.7
Costs to cover: 0.045%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, just now; Arcus: live order book, 30 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 Variational Omni RFQ quote, just now	3.25 bp	doesn't fit	16.8 bp −$168	doesn't fit	doesn't fit
Sell Arcus live order book, 30 min ago	3.93 bp	11.2 bp −$11	13.9 bp −$139	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
Injective UNI/USDC PERP	−0.0049%	1h	8.8300	−3.056%	$660	$155K	12x	as long as short
dYdX UNI-USD	0.0000%	1h	9.1628	+0.598%	$254K	$6K	10x	as long as short
Variational Omni UNIlong	+0.0002%	8h	9.1084	long leg	$4.0M	$4.3M	—
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	9.1634	+0.605%	$63K	—	150x	as long as short
Bybit UNIUSDT	+0.0050%	8h	9.1330	+0.271%	$104.3M	$104.1M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0081%	8h	9.1340	+0.281%	$56.4M	$251.8M	50x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.1660	+0.633%	$974K	$4.1M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.1410	+0.358%	$1.1M	$3.3M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.1660	+0.633%	$305K	$586K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.1338	+0.280%	$226.0M	$586.8M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus UNI-USDshort	+0.0100%	1h	9.1750	+0.732%	$283K	$620K	10x
Gate UNI_USDT	+0.0100%	8h	9.1370	+0.314%	$23.5M	$58.0M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.1430	+0.380%	$44.1M	$23.8M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.1360	+0.303%	$13.9M	$13.5M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.1370	+0.314%	$33.1M	$41.6M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	9.1310	+0.249%	—	$51.9M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.0959	−0.137%	$171K	$343K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.1354	+0.297%	$645K	$2.5M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.1120	+0.040%	$90K	$713K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.1380	+0.325%	$71K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.1669	+0.643%	$89K	$356K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.1560	+0.523%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.1581	+0.546%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.1530	+0.490%	$26K	$662K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.1730	+0.710%	$748K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.1500	+0.457%	$27.6M	$4.4M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.1640	+0.611%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.1354	+0.296%	$316K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.1590	+0.556%	$32K	$1K	3x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0122%	1h	9.1600	+0.567%	$590K	$175K	50x	as long as short
01 Exchange UNIUSD	+0.0216%	1h	9.1715	+0.693%	$458	—	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.1580	+0.545%	$10.1M	$3.5M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0232%	1h	9.1740	+0.721%	$1.1M	$5.5M	50x	as long as short
Backpack UNI_USDC_PERP	+0.0283%	1h	9.1483	+0.438%	$1.1M	$2.3M	10x	as long as short
Reya UNIRUSDPERP	+0.0363%	1h	9.1595	+0.562%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0380% / S −0.0320%	1h	9.1646	+0.617%	$576K	—	120x	as long as short
Kraken Futures PF_UNIUSD	+0.0553%	1h	9.1546	+0.507%	$5.1M	$7.0M	50x	as long as short
Aftermath Perps UNIUSD	+0.0749%	1h	9.0720	−0.399%	$1K	$49K	10x	as long as short
Hyperliquid UNI	+0.0954%	1h	9.1581	+0.547%	$101.3M	$58.6M	10x	as long as short
Lighter UNI	+0.1104%	1h	9.1703	+0.680%	$4.7M	$5.2M	15x	as long as short