Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0013%/8h= +1.4% APRpaid last 24h +0.066%

Price spread now: dYdX against Variational Omni−0.060%7-day average +0.020% · you buy dearer than you sell

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

Long on Variational Omni Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.335%+$33 on $10k

Price spread, last 4 days (all we have)+0.354%+$35 · spread now −0.060%, 7d avg +0.020%

Together, before fees+0.689%+ Points / potential airdropVariational Omni: Active · farm board+$69 on $10k · with fees, hour by hour

Funding pays, the price is against you. dYdX is 0.080% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.060% now, against its 7-day average of +0.020%). If the spread goes back, that is −$8 on $10k: about 21 days of funding at the current rate ($0 a day). At the pace of the last 3 days (+0.335% in total) that is about 20 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni UNI	9.2057	0.0100	pay 0.0100% / 8h	5h 13m	$4.3M	$4.2M	—
Short	dYdX UNI-USD	9.2002	0.0113	get 0.0014% / 1h	13m 06s	$242K	$31K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Variational Omni. 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 Variational OmnibpFee dYdXbpOrdersPrice spread, now −0.060%Rate

Funding earned: $2.68
Price spread: −0.060% → +0.020%: −$7.98
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$15.3
Costs to cover: 0.100%
Break-even: 47.0 days

Slippage unknown: Variational Omni: RFQ quote, 1 min ago; dYdX: live order book, 51 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, 1 min ago	3.25 bp	doesn't fit	16.2 bp −$162	doesn't fit	doesn't fit
Sell dYdX live order book, 51 min ago	33.44 bp	38.9 bp −$39	129.8 bp −$1,298	217.8 bp −$21.8K	463.1 bp −$231.5K

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 −0.0006%	1h	9.2082	+0.027%	$49K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−4.081%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0056%	1h	9.2159	+0.111%	$460	$5	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.2080	+0.025%	$951K	$4.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.2041	−0.017%	$1.0M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.1980	−0.084%	$299K	$573K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.1910	−0.160%	$228.1M	$621.3M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.1850	−0.225%	$103.3M	$109.8M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.1870	−0.203%	$56.8M	$258.1M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.2210	+0.166%	$292K	$614K	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	9.1920	−0.149%	$23.6M	$61.8M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.1940	−0.127%	$49.5M	$25.3M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.2030	−0.029%	$13.8M	$12.9M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.1860	−0.214%	$33.7M	$43.4M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	9.1920	−0.149%	—	$56.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.1981	−0.083%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNIlong	+0.0100%	8h	9.2057	long leg	$4.3M	$4.2M	—
edgeX UNIUSDC	+0.0100%	4h	9.2667	+0.663%	$175K	$345K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.2320	+0.286%	$647K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.2680	+0.677%	$90K	$694K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.1810	−0.268%	$51K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.2120	+0.068%	$88K	$419K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.2020	−0.040%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.2060	+0.003%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.2030	−0.029%	$22K	$772K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.2200	+0.155%	$725K	$4.5M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.1880	−0.192%	$27.8M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.1987	−0.076%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.1832	−0.245%	$312K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.2007	−0.054%	$33K	—	3x	as long as short
dYdX UNI-USDshort	+0.0113%	1h	9.2002	−0.060%	$242K	$31K	10x
BloFin UNI-USDT	+0.0220%	8h	9.1920	−0.149%	$10.4M	$3.6M	75x	as long as short
Kraken Futures PF_UNIUSD	+0.0266%	1h	9.2095	+0.042%	$5.1M	$7.7M	50x	as long as short
Coinbase International UNI-PERP-INTX	+0.0296%	1h	9.2090	+0.036%	$1.1M	$5.4M	50x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0330%	1h	9.2071	+0.016%	$590K	$193K	50x	as long as short
Reya UNIRUSDPERP	+0.0371%	1h	9.2031	−0.028%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.2105	+0.052%	$656K	—	120x	as long as short
Hyperliquid UNI	+0.0540%	1h	9.2079	+0.024%	$100.4M	$61.6M	10x	as long as short
Lighter UNI	+0.0568%	1h	9.2149	+0.100%	$4.7M	$5.8M	15x	as long as short
Aftermath Perps UNIUSD	+0.0986%	1h	9.2169	+0.122%	$895	$47K	10x	as long as short