UNI

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0151%/8h= +16.5% APRnext payment +$1.51 per $10,000 · paid last 24h +0.038%

Price spread now: Phemex against Variational Omni+0.007%7-day average +0.056% · you sell dearer than you buy

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

Long on Variational Omni Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.054%+$5 on $10k

Price spread, last 3 days (all we have)+0.412%+$41 · spread now +0.007%, 7d avg +0.056%

Together, before fees+0.466%+ Points / potential airdropVariational Omni: Active · farm board+$47 on $10k · with fees, hour by hour

Funding pays, the price is against you. Phemex is 0.049% cheaper against Variational Omni than usual: you would sell low and buy high (spread +0.007% now, against its 7-day average of +0.056%). If the spread goes back, that is −$5 on $10k: about 26 hours of funding at the current rate (+$5 a day). At the pace of the last 3 days (+0.054% in total) that is about 3.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni UNI	8.8824	−0.0051	get 0.0051% / 8h	1h 19m	$3.9M	$4.5M	—
Short	Phemex UNIUSDT	8.8830	0.0100	get 0.0100% / 8h	1h 19m	$26.7M	$4.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.007%Rate

Funding earned: $31.65
Price spread: +0.007% → +0.056%: −$4.94
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Phemex: 6 bp × 2 orders: −$12
Net: $14.71
Costs to cover: 0.120%
Break-even: 3.7 days

Slippage unknown: Variational Omni: RFQ quote, 5 min ago; Phemex: 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 Variational Omni RFQ quote, 5 min ago	3.27 bp	doesn't fit	12.8 bp −$128	doesn't fit	doesn't fit
Sell Phemex live order book, 4 min ago	5.08 bp	12.2 bp −$12	22.3 bp −$223	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
Variational Omni UNIlong	−0.0051%	8h	8.8824	long leg	$3.9M	$4.5M	—
Bybit UNIUSDT	+0.0001%	8h	8.8830	+0.007%	$101.2M	$104.6M	75x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	8.8877	+0.060%	$62K	—	150x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0019%	1h	8.8832	+0.009%	$565K	$157K	50x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−0.590%	$660	$155K	12x	as long as short
OKX UNI-USDT-SWAP	+0.0046%	8h	8.8820	−0.004%	$54.9M	$244.9M	50x	as long as short
01 Exchange UNIUSD	+0.0056%	1h	8.8927	+0.116%	$444	—	10x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8809	−0.016%	$25K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.8830	+0.007%	$941K	$4.0M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.8861	+0.042%	$1.0M	$3.3M	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	8.8870	+0.052%	$300K	$577K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.8845	+0.024%	$218.0M	$588.7M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.8940	+0.131%	$283K	$615K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.8840	+0.018%	$23.1M	$58.7M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.8870	+0.052%	$42.9M	$24.5M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.8850	+0.029%	$13.6M	$13.7M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8830	+0.007%	$32.2M	$41.3M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.8820	−0.004%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8838	+0.016%	$986K	$2.3M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8599	−0.253%	$167K	$343K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8775	−0.055%	$626K	$2.5M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8740	−0.094%	$88K	$712K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8880	+0.063%	$106K	$3.2M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.8868	+0.050%	$86K	$354K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8780	−0.049%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.8921	+0.109%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.8783	−0.046%	$25K	$666K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.8993	+0.190%	$730K	$4.3M	75x	as long as short
Phemex UNIUSDTshort	+0.0100%	8h	8.8830	+0.007%	$26.7M	$4.4M	50x
Extended UNI-USD	+0.0104%	1h	8.8780	−0.049%	$301K	$1.4M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8785	−0.044%	$32K	$1K	3x	as long as short
dYdX UNI-USD	+0.0132%	1h	8.8838	+0.016%	$246K	$6K	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.8900	+0.086%	$9.9M	$3.4M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0224%	1h	8.8970	+0.164%	$1.1M	$5.3M	50x	as long as short
Kraken Futures PF_UNIUSD	+0.0341%	1h	8.8858	+0.038%	$4.9M	$7.0M	50x	as long as short
Hyperliquid UNI	+0.0352%	1h	8.8971	+0.166%	$97.6M	$59.1M	10x	as long as short
Reya UNIRUSDPERP	+0.0362%	1h	8.8825	+0.001%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0379% / S −0.0319%	1h	8.8860	+0.041%	$557K	—	120x	as long as short
Lighter UNI	+0.0600%	1h	8.9025	+0.226%	$4.5M	$5.2M	15x	as long as short
Aftermath Perps UNIUSD	+0.0630%	1h	8.8738	−0.097%	$1K	$50K	10x	as long as short