Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0044%/8h= +4.8% APRpaid last 24h −0.005%

Price spread now: Orderly against 01 Exchange−0.026%7-day average — · you buy dearer than you sell

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

Long on 01 Exchange Short on Orderly

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—needs both histories

Funding pays, the price is against you. Orderly is 0.026% cheaper against 01 Exchange than usual: you would sell low and buy high (spread −0.026% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 47 hours of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange UNIUSD	8.8973	0.0056	pay 0.0007% / 1h	17m 41s	$444	—	10x
Short	Orderly PERP_UNI_USDC	8.8950	0.0100	get 0.0100% / 8h	1h 17m	$16K	$1.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against 01 Exchange. 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 01 ExchangebpFee OrderlybpOrdersPrice spread, now −0.026%Rate

Funding earned: $9.24
Price spread: −0.026% → 0.000%: −$2.59
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$6.35
Costs to cover: 0.130%
Break-even: 11.8 days

Slippage unknown: 01 Exchange: no order-book sample; 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 01 Exchange no order-book sample	—	—	—	—	—
Sell Orderly no order-book sample	—	—	—	—	—

01 Exchange and 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
Variational Omni UNI	−0.0051%	8h	8.8824	−0.168%	$3.9M	$4.5M	—	as long as short
Bybit UNIUSDT	+0.0001%	8h	8.8800	−0.194%	$101.2M	$104.7M	75x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	8.8984	+0.012%	$62K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−0.756%	$660	$155K	12x	as long as short
OKX UNI-USDT-SWAP	+0.0046%	8h	8.8790	−0.206%	$54.9M	$244.8M	50x	as long as short
01 Exchange UNIUSDlong	+0.0056%	1h	8.8973	long leg	$444	—	10x
Deribit UNI_USDC-PERPETUAL	+0.0096%	1h	8.9017	+0.050%	$566K	$157K	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8787	−0.209%	$25K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.8910	−0.071%	$943K	$4.0M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.8889	−0.094%	$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	8.8859	−0.128%	$300K	$577K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.8830	−0.161%	$218.3M	$588.6M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.9050	+0.087%	$284K	$612K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.8850	−0.138%	$23.1M	$58.7M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.8850	−0.138%	$43.0M	$24.5M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.8900	−0.082%	$13.6M	$13.7M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8840	−0.149%	$32.2M	$41.3M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.8860	−0.127%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8978	+0.006%	$988K	$2.3M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8861	−0.126%	$167K	$343K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8866	−0.120%	$627K	$2.5M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8860	−0.127%	$88K	$711K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8880	−0.105%	$106K	$3.2M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.8975	+0.002%	$86K	$354K	10x	as long as short
Orderly PERP_UNI_USDCshort	+0.0100%	8h	8.8950	−0.026%	$16K	$1.7M	10x
SunX UNI-USDT	+0.0100%	8h	8.9013	+0.045%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.8956	−0.019%	$25K	$666K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.9040	+0.075%	$730K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8950	−0.026%	$26.8M	$4.4M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8805	−0.189%	$301K	$1.4M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8975	+0.002%	$32K	$1K	3x	as long as short
dYdX UNI-USD	+0.0126%	1h	8.8848	−0.141%	$246K	$6K	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.8830	−0.161%	$9.8M	$3.4M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0224%	1h	8.9050	+0.087%	$1.1M	$5.3M	50x	as long as short
Kraken Futures PF_UNIUSD	+0.0340%	1h	8.9020	+0.053%	$5.0M	$7.0M	50x	as long as short
Hyperliquid UNI	+0.0361%	1h	8.8978	+0.006%	$97.6M	$59.1M	10x	as long as short
Reya UNIRUSDPERP	+0.0362%	1h	8.8920	−0.059%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0379% / S −0.0319%	1h	8.8987	+0.015%	$557K	—	120x	as long as short
Lighter UNI	+0.0600%	1h	8.9017	+0.049%	$4.5M	$5.2M	15x	as long as short
Aftermath Perps UNIUSD	+0.0636%	1h	8.8821	−0.171%	$1K	$50K	10x	as long as short