Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0120%/8h= −13.1% APRpaid last 24h −0.033%

Price spread now: SoDEX against BloFin−0.191%56s7-day average −0.018% · 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−$400.404% of the position

Long on BloFin Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.113%−$11 on $10k

Price spread, last 4 days (all we have)+0.246%+$25 · spread now −0.191%, 7d avg −0.018%

Together, before fees+0.134%+$13 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and SoDEX is 0.173% cheaper against BloFin than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of −0.018%). Swap the legs. The two prices were read 56 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	BloFin UNI-USDT	8.9050	0.0220	pay 0.0220% / 8h	39m 46s	$10.0M	$3.6M	75x
Short	SoDEX UNI-USD	8.8880	0.0100	get 0.0013% / 1h	39m 46s	$32K	$889K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against BloFin. 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 BloFinbpFee SoDEXbpOrdersPrice spread, now −0.191%Rate

Funding earned: −$25.2
Price spread: −0.191% → −0.018%: −$17.31
Slippage, 4 orders: −$20.43
Fee BloFin: 6 bp × 2 orders: −$12
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$82.94
Costs to cover: 0.404%
Break-even: never at this rate

Slippage from BloFin: live order book, 4 min ago; SoDEX: live order book, 64 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 BloFin live order book, 4 min ago	3.93 bp	10.4 bp −$10	14.6 bp −$146	36.1 bp −$3,615	doesn't fit
Sell SoDEX live order book, 64 min ago	0.56 bp	9.4 bp −$9	27.7 bp −$277	141.6 bp −$14.2K	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
Kraken Futures PF_UNIUSD	−0.0306%	1h	8.8943	−0.120%	$4.7M	$8.6M	50x	as long as short
01 Exchange UNIUSD	−0.0016%	1h	8.8951	−0.111%	$444	$5	10x	as long as short
Deribit UNI_USDC-PERPETUAL	0.0000%	1h	8.8947	−0.116%	$586K	$250K	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0007%	1h	8.8937	−0.127%	$49K	—	150x	as long as short
Nado UNI-PERP	+0.0028%	1h	8.8960	−0.101%	$732K	$4.7M	10x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−0.842%	$660	$153K	12x	as long as short
Polymarket Perps UNI-USD	+0.0072%	1h	8.8906	−0.162%	$106K	$616K	10x	as long as short
Lighter UNI	+0.0096%	1h	8.8956	−0.106%	$4.5M	$5.5M	15x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8951	−0.111%	$25K	—	20x	as long as short
Hyperliquid UNI	+0.0100%	1h	8.8966	−0.094%	$94.7M	$67.5M	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster UNIUSDT	+0.0100%	8h	8.8945	−0.118%	$728K	$3.6M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.8987	−0.071%	$288K	$600K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.8865	−0.208%	$214.8M	$657.3M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	8.8840	−0.236%	$98.4M	$111.3M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	8.8840	−0.236%	$54.3M	$264.8M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.9070	+0.022%	$318K	$701K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.8890	−0.180%	$25.5M	$65.9M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.8890	−0.180%	$48.5M	$26.1M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.8910	−0.157%	$13.0M	$13.3M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8810	−0.270%	$32.5M	$45.4M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	8.8900	−0.168%	—	$57.0M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8928	−0.137%	$1.1M	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	8.9018	−0.036%	$4.1M	$4.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.9048	−0.002%	$169K	$345K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.9002	−0.054%	$617K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.9060	+0.011%	$89K	$710K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.9100	+0.056%	$15K	$3.4M	20x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8900	−0.168%	$17K	$2.1M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.8960	−0.101%	$36K	$1.4M	30x	as long as short
SoDEX UNI-USDshort	+0.0100%	1h	8.8880	−0.191%	$32K	$889K	10x
HTX UNI-USDT	+0.0100%	8h	8.9104	+0.061%	$700K	$4.8M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8890	−0.180%	$26.8M	$4.5M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8851	−0.224%	$288K	$1.7M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8890	−0.180%	$32K	—	3x	as long as short
Coinbase International UNI-PERP-INTX	+0.0200%	1h	8.9020	−0.034%	$926K	$5.5M	50x	as long as short
BloFin UNI-USDTlong	+0.0220%	8h	8.9050	long leg	$10.0M	$3.6M	75x
Reya UNIRUSDPERP	+0.0380%	1h	8.8849	−0.226%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0243%	1h	8.8934	−0.131%	$633K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0433%	1h	8.9061	+0.013%	$986	$53K	10x	as long as short
dYdX UNI-USD	+0.0609%	1h	8.9033	−0.019%	$234K	$30K	10x	as long as short