Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.029%

Price spread now: Orderly against Variational Omni−0.503%7-day average +0.027% · you buy dearer than you sell

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

Long on Variational Omni Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.055%+$5 on $10k

Price spread, last 3 days (all we have)+0.940%+$94 · spread now −0.503%, 7d avg +0.027%

Together, before fees+0.995%+ Points / potential airdropVariational Omni: Active · farm board+$99 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: Orderly is 0.530% cheaper against Variational Omni than usual: you would sell low and buy high, −$53 on $10k if it goes back to its 7-day average of +0.027%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni UNI	9.1470	0.0100	pay 0.0100% / 8h	7h 06m	$4.2M	$4.4M	—
Short	Orderly PERP_UNI_USDC	9.1010	0.0100	get 0.0100% / 8h	7h 06m	$16K	$1.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.503%Rate

Funding earned: $0
Price spread: −0.503% → +0.027%: −$52.99
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$58.99
Costs to cover: 0.060%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Orderly: no order-book sample. 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, 3 min ago	3.25 bp	doesn't fit	13.7 bp −$137	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

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
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	9.0989	−0.526%	$19K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−3.466%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0096%	1h	9.1089	−0.416%	$455	—	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.1070	−0.437%	$977K	$4.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.1176	−0.321%	$1.0M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.1286	−0.201%	$302K	$586K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.0970	−0.547%	$231.0M	$600.4M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.0940	−0.579%	$102.5M	$107.3M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.0980	−0.536%	$56.2M	$254.0M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.1220	−0.273%	$282K	$617K	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	9.0970	−0.547%	$23.2M	$60.6M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.1000	−0.514%	$50.8M	$25.3M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.1020	−0.492%	$13.7M	$13.6M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.1010	−0.503%	$33.5M	$42.9M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.0970	−0.547%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.1394	−0.083%	$1.0M	$2.4M	10x	as long as short
Variational Omni UNIlong	+0.0100%	8h	9.1470	long leg	$4.2M	$4.4M	—
edgeX UNIUSDC	+0.0100%	4h	9.1543	+0.080%	$172K	$344K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.1560	+0.098%	$638K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.1520	+0.055%	$89K	$708K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.1430	−0.044%	$56K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.1115	−0.388%	$84K	$388K	10x	as long as short
Orderly PERP_UNI_USDCshort	+0.0100%	8h	9.1010	−0.503%	$16K	$1.7M	10x
SunX UNI-USDT	+0.0100%	8h	9.1446	−0.026%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.1381	−0.097%	$22K	$709K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.1588	+0.129%	$724K	$4.4M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.1430	−0.044%	$27.6M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.1119	−0.383%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.1087	−0.418%	$305K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.1016	−0.497%	$32K	—	3x	as long as short
dYdX UNI-USD	+0.0198%	1h	9.1304	−0.182%	$245K	$24K	10x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0199%	1h	9.1426	−0.048%	$591K	$186K	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.1460	−0.011%	$10.6M	$3.6M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0272%	1h	9.1360	−0.120%	$1.1M	$4.8M	50x	as long as short
Reya UNIRUSDPERP	+0.0367%	1h	9.1025	−0.486%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0323%	1h	9.0973	−0.543%	$575K	—	120x	as long as short
Kraken Futures PF_UNIUSD	+0.0384%	1h	9.1439	−0.034%	$5.1M	$7.0M	50x	as long as short
Hyperliquid UNI	+0.0534%	1h	9.1135	−0.366%	$100.3M	$58.4M	10x	as long as short
Lighter UNI	+0.0960%	1h	9.1477	+0.008%	$4.7M	$5.3M	15x	as long as short
Aftermath Perps UNIUSD	+0.1066%	1h	9.1539	+0.075%	$895	$49K	10x	as long as short