Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0028%/8h= −3.1% APRpaid last 24h +0.034%

Price spread now: 01 Exchange against Variational Omni+0.883%7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on 01 Exchange

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 airdropVariational Omni: Active · farm boardneeds both histories

The price spread pays, funding is against you. 01 Exchange is 0.883% dearer against Variational Omni than usual: you sell high and buy low (spread +0.883% now, against zero (this spread has no 7-day history yet)): +$88 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni UNI	9.1159	0.0100	pay 0.0100% / 8h	6h 02m	$4.2M	$4.3M	—
Short	01 Exchange UNIUSD	9.1964	0.0072	get 0.0009% / 1h	2m 18s	$459	$5	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now +0.883%Rate

Funding earned: −$5.88
Price spread: +0.883% → 0.000%: $88.3
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: $75.42
Costs to cover: 0.070%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 2 min ago; 01 Exchange: 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, 2 min ago	3.25 bp	doesn't fit	13.4 bp −$134	doesn't fit	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: 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 39 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 −0.0007%	1h	9.1929	+0.844%	$26K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−3.136%	$660	$154K	12x	as long as short
01 Exchange UNIUSDshort	+0.0072%	1h	9.1964	+0.883%	$459	$5	10x
dYdX UNI-USD	+0.0077%	1h	9.1842	+0.749%	$242K	$30K	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.1925	+0.840%	$975K	$4.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.1969	+0.889%	$1.1M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.1860	+0.769%	$300K	$568K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.1959	+0.877%	$230.2M	$607.6M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.1820	+0.725%	$103.1M	$107.4M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.1750	+0.648%	$56.9M	$255.6M	50x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus UNI-USD	+0.0100%	1h	9.1940	+0.857%	$291K	$618K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.1910	+0.824%	$23.6M	$59.5M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.1940	+0.857%	$49.9M	$26.5M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.1950	+0.868%	$13.8M	$12.8M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.1780	+0.681%	$33.6M	$42.4M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.1940	+0.857%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.1784	+0.686%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNIlong	+0.0100%	8h	9.1159	long leg	$4.2M	$4.3M	—
edgeX UNIUSDC	+0.0100%	4h	9.1120	−0.043%	$172K	$345K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.1496	+0.369%	$636K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.1140	−0.021%	$89K	$700K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.1620	+0.506%	$56K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.1970	+0.890%	$88K	$406K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.1780	+0.681%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.1922	+0.837%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.1805	+0.709%	$22K	$727K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.2028	+0.953%	$731K	$4.2M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.1780	+0.681%	$27.7M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.1785	+0.687%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.1748	+0.646%	$304K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.1800	+0.703%	$33K	—	3x	as long as short
Hyperliquid UNI	+0.0274%	1h	9.2089	+1.020%	$100.2M	$59.0M	10x	as long as short
Coinbase International UNI-PERP-INTX	+0.0312%	1h	9.1840	+0.747%	$1.1M	$4.7M	50x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0332%	1h	9.1845	+0.753%	$596K	$188K	50x	as long as short
Reya UNIRUSDPERP	+0.0369%	1h	9.1902	+0.815%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.1936	+0.852%	$655K	—	120x	as long as short
Kraken Futures PF_UNIUSD	+0.0417%	1h	9.1858	+0.766%	$5.1M	$6.9M	50x	as long as short
Lighter UNI	+0.0520%	1h	9.1993	+0.915%	$4.7M	$5.3M	15x	as long as short
Aftermath Perps UNIUSD	+0.0907%	1h	9.1479	+0.351%	$1K	$48K	10x	as long as short