Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.003%

Price spread now: SoDEX against Backpack+0.021%50s7-day average −0.045% · you sell dearer than you buy

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−$310.314% of the position

Long on Backpack Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.007%−$1 on $10k

Price spread, last 3 days (all we have)+0.098%+$10 · spread now +0.021%, 7d avg −0.045%

Together, before fees+0.091%+$9 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 0.066% dearer against Backpack than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.045%. The two prices were read 50 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	Backpack UNI_USDC_PERP	9.0255	0.0100	pay 0.0013% / 1h	31m 11s	$987K	$2.4M	10x
Short	SoDEX UNI-USD	9.0274	0.0100	get 0.0013% / 1h	31m 11s	$22K	$710K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against Backpack. 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 BackpackbpFee SoDEXbpOrdersPrice spread, now +0.021%Rate

Funding earned: $0
Price spread: +0.021% → −0.045%: $6.64
Slippage, 4 orders: −$13.43
Fee Backpack: 5 bp × 2 orders: −$10
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$24.79
Costs to cover: 0.314%
Break-even: never at this rate

Slippage from Backpack: live order book, 3 min ago; SoDEX: live order book, 38 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 Backpack live order book, 3 min ago	0.06 bp	5.8 bp −$6	doesn't fit	doesn't fit	doesn't fit
Sell SoDEX live order book, 38 min ago	0.55 bp	9.8 bp −$10	27.0 bp −$270	141.6 bp −$14.2K	doesn't fit

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 −0.0004%	1h	9.0346	+0.101%	$19K	—	150x	as long as short
dYdX UNI-USD	+0.0023%	1h	9.0242	−0.014%	$238K	$30K	10x	as long as short
01 Exchange UNIUSD	+0.0024%	1h	9.0306	+0.057%	$451	—	10x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−2.166%	$660	$154K	12x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.0290	+0.039%	$934K	$4.3M	10x	as long as short
Hyperliquid UNI	+0.0100%	1h	9.0433	+0.197%	$98.2M	$60.1M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.0361	+0.118%	$1.0M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.0239	−0.018%	$295K	$580K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.0291	+0.039%	$225.3M	$611.8M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.0250	−0.006%	$101.0M	$107.6M	75x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX UNI-USDT-SWAP	+0.0100%	8h	9.0240	−0.017%	$55.6M	$254.0M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.0270	+0.017%	$286K	$636K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.0340	+0.094%	$23.1M	$58.5M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0340	+0.094%	$49.5M	$26.1M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0360	+0.116%	$13.4M	$13.8M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0240	−0.017%	$33.0M	$42.8M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	9.0340	+0.094%	—	$57.3M	—	as long as short
Backpack UNI_USDC_PERPlong	+0.0100%	1h	9.0255	long leg	$987K	$2.4M	10x
Variational Omni UNI	+0.0100%	8h	9.0181	−0.082%	$4.1M	$4.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.9955	−0.333%	$169K	$345K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.9959	−0.328%	$630K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0020	−0.260%	$88K	$706K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0300	+0.050%	$56K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.0364	+0.121%	$86K	$410K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.0270	+0.017%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.0432	+0.196%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USDshort	+0.0100%	1h	9.0274	+0.021%	$22K	$710K	10x
HTX UNI-USDT	+0.0100%	8h	9.0358	+0.114%	$718K	$4.2M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.0280	+0.028%	$27.2M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.0135	−0.133%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0212	−0.048%	$300K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0287	+0.035%	$32K	—	3x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0299%	1h	9.0339	+0.093%	$586K	$200K	50x	as long as short
Coinbase International UNI-PERP-INTX	+0.0312%	1h	9.0380	+0.138%	$1.1M	$4.7M	50x	as long as short
Reya UNIRUSDPERP	+0.0368%	1h	9.0293	+0.042%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.0350	+0.106%	$644K	—	120x	as long as short
Lighter UNI	+0.0400%	1h	9.0440	+0.205%	$4.6M	$5.3M	15x	as long as short
Kraken Futures PF_UNIUSD	+0.0424%	1h	9.0334	+0.087%	$5.0M	$6.9M	50x	as long as short
Aftermath Perps UNIUSD	+0.0942%	1h	9.0020	−0.260%	$1K	$48K	10x	as long as short