Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SoDEX against ApeX Omni−0.091%46s7-day average −0.070% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$460.460% of the position

Long on ApeX Omni Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.001%$0 on $10k

Price spread, last 4 days (all we have)+0.483%+$48 · spread now −0.091%, 7d avg −0.070%

Together, before fees+0.484%+$48 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: SoDEX is 0.020% cheaper against ApeX Omni than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.070%. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni UNIUSDT	9.0480	0.0100	pay 0.0013% / 1h	53m 27s	$95K	$701K	50x
Short	SoDEX UNI-USD	9.0398	0.0100	get 0.0013% / 1h	53m 27s	$22K	$793K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against ApeX 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 ApeX OmnibpFee SoDEXbpOrdersPrice spread, now −0.091%Rate

Funding earned: $0
Price spread: −0.091% → −0.070%: −$2.01
Slippage, 4 orders: −$28.03
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$48.04
Costs to cover: 0.460%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 65 min ago; SoDEX: live order book, 65 min ago.

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 ApeX Omni live order book, 65 min ago	6.04 bp	13.2 bp −$13	93.6 bp −$936	doesn't fit	doesn't fit
Sell SoDEX live order book, 65 min ago	0.60 bp	9.9 bp −$10	27.7 bp −$277	139.7 bp −$14.0K	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
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	9.0476	−0.004%	$37K	—	150x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0019%	1h	9.0456	−0.027%	$580K	$208K	50x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−2.409%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0072%	1h	9.0461	−0.021%	$451	$5	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.0415	−0.072%	$968K	$4.4M	10x	as long as short
Hyperliquid UNI	+0.0100%	1h	9.0590	+0.122%	$98.0M	$62.0M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.0474	−0.006%	$814K	$3.5M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.0479	−0.001%	$292K	$602K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.0469	−0.012%	$222.3M	$640.7M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.0440	−0.044%	$101.7M	$111.5M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX UNI-USDT-SWAP	+0.0100%	8h	9.0440	−0.044%	$55.0M	$261.6M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.0540	+0.066%	$316K	$653K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.0440	−0.044%	$23.7M	$63.2M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0490	+0.011%	$47.7M	$25.4M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0450	−0.033%	$13.5M	$13.2M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0460	−0.022%	$33.3M	$45.2M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	9.0440	−0.044%	—	$56.6M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.0433	−0.052%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.0369	−0.122%	$4.2M	$4.1M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.0450	−0.033%	$170K	$344K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0442	−0.042%	$640K	$2.8M	10x	as long as short
ApeX Omni UNIUSDTlong	+0.0100%	1h	9.0480	long leg	$95K	$701K	50x
StandX UNI-USD	+0.0100%	1h	9.0490	+0.011%	$15K	$3.4M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.0502	+0.024%	$86K	$431K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.0440	−0.044%	$16K	$1.5M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.0565	+0.094%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USDshort	+0.0100%	1h	9.0398	−0.091%	$22K	$793K	10x
HTX UNI-USDT	+0.0100%	8h	9.0580	+0.111%	$724K	$4.7M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.0430	−0.055%	$27.4M	$4.4M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.0411	−0.076%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0390	−0.100%	$292K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0455	−0.027%	$32K	—	3x	as long as short
Lighter UNI	+0.0112%	1h	9.0595	+0.127%	$4.6M	$5.8M	15x	as long as short
Coinbase International UNI-PERP-INTX	+0.0216%	1h	9.0610	+0.144%	$949K	$5.9M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.0700	+0.243%	$10.3M	$3.6M	75x	as long as short
Kraken Futures PF_UNIUSD	+0.0269%	1h	9.0476	−0.004%	$5.0M	$8.0M	50x	as long as short
dYdX UNI-USD	+0.0340%	1h	9.0437	−0.047%	$238K	$30K	10x	as long as short
Reya UNIRUSDPERP	+0.0374%	1h	9.0467	−0.014%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.0458	−0.025%	$644K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0881%	1h	9.0596	+0.128%	$990	$46K	10x	as long as short