Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.003%

Price spread now: SunX against Backpack+0.154%7-day average +0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$500.503% of the position

Long on Backpack Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.013%+$1 on $10k

Price spread, last 4 days (all we have)+0.087%+$9 · spread now +0.154%, 7d avg +0.019%

Together, before fees+0.100%+$10 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: SunX is 0.134% dearer against Backpack than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of +0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack UNI_USDC_PERP	8.8432	0.0100	pay 0.0013% / 1h	40m 45s	$1.0M	$2.4M	10x
Short	SunX UNI-USDT	8.8568	0.0100	get 0.0100% / 8h	2h 40m	$36K	$1.4M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.154%Rate

Funding earned: $0
Price spread: +0.154% → +0.019%: $13.43
Slippage, 4 orders: −$32.31
Fee Backpack: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$36.88
Costs to cover: 0.503%
Break-even: never at this rate

Slippage from Backpack: live order book, 3 min ago; SunX: live order book, 4 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	0.17 bp	6.1 bp −$6	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 4 min ago	13.83 bp	19.4 bp −$19	doesn't fit	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
Nado UNI-PERP	−0.0148%	1h	8.8495	+0.071%	$801K	$4.7M	10x	as long as short
01 Exchange UNIUSD	−0.0080%	1h	8.8536	+0.118%	$442	$5	10x	as long as short
Kraken Futures PF_UNIUSD	−0.0017%	1h	8.8492	+0.067%	$4.8M	$8.5M	50x	as long as short
Deribit UNI_USDC-PERPETUAL	0.0000%	1h	8.8501	+0.078%	$567K	$202K	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0007%	1h	8.8497	+0.073%	$48K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−0.149%	$660	$153K	12x	as long as short
Polymarket Perps UNI-USD	+0.0078%	1h	8.8470	+0.043%	$99K	$499K	10x	as long as short
Lighter UNI	+0.0096%	1h	8.8440	+0.009%	$4.5M	$5.5M	15x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8537	+0.118%	$25K	—	20x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.8400	−0.037%	$750K	$3.6M	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	8.8353	−0.089%	$283K	$612K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.8329	−0.116%	$214.6M	$658.2M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	8.8250	−0.206%	$98.6M	$112.5M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	8.8250	−0.206%	$53.6M	$261.8M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.8590	+0.179%	$329K	$686K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.8370	−0.070%	$23.5M	$64.7M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.8440	+0.009%	$46.5M	$26.3M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.8390	−0.047%	$13.0M	$13.5M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8350	−0.093%	$32.5M	$46.5M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	8.8390	−0.047%	—	$57.1M	—	as long as short
Backpack UNI_USDC_PERPlong	+0.0100%	1h	8.8432	long leg	$1.0M	$2.4M	10x
Variational Omni UNI	+0.0100%	8h	8.8420	−0.013%	$4.1M	$4.2M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8752	+0.362%	$168K	$344K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8871	+0.496%	$620K	$2.8M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8740	+0.348%	$91K	$705K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8600	+0.190%	$15K	$3.4M	20x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8460	+0.032%	$16K	$1.6M	10x	as long as short
SunX UNI-USDTshort	+0.0100%	8h	8.8568	+0.154%	$36K	$1.4M	30x
SoDEX UNI-USD	+0.0100%	1h	8.8446	+0.016%	$22K	$852K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.8600	+0.190%	$707K	$5.0M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8480	+0.054%	$26.8M	$4.4M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8296	−0.154%	$294K	$1.7M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8464	+0.036%	$31K	—	3x	as long as short
Hyperliquid UNI	+0.0122%	1h	8.8519	+0.098%	$94.2M	$66.5M	10x	as long as short
dYdX UNI-USD	+0.0169%	1h	8.8381	−0.058%	$233K	$31K	10x	as long as short
Coinbase International UNI-PERP-INTX	+0.0184%	1h	8.8650	+0.247%	$928K	$5.8M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.8440	+0.009%	$10.0M	$3.6M	75x	as long as short
Reya UNIRUSDPERP	+0.0376%	1h	8.8453	+0.024%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	8.8480	+0.055%	$630K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0639%	1h	8.8819	+0.437%	$927	$45K	10x	as long as short