Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0054%/8h= +5.9% APRpaid last 24h +0.035%

Price spread now: SoDEX against Bybit−0.023%7-day average +0.057% · 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−$47as in the Price arb table

costs, in and out, $10k−$390.389% of the position

Long on Bybit Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.050%+$5 on $10k

Price spread, last 3 days (all we have)+0.339%+$34 · spread now −0.023%, 7d avg +0.057%

Together, before fees+0.389%+$39 on $10k · with fees, hour by hour

Funding pays, the price is against you. SoDEX is 0.080% cheaper against Bybit than usual: you would sell low and buy high (spread −0.023% now, against its 7-day average of +0.057%). If the spread goes back, that is −$8 on $10k: about 4.9 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit UNIUSDT	9.1340	0.0046	pay 0.0046% / 8h	51m 08s	$104.4M	$103.9M	75x
Short	SoDEX UNI-USD	9.1319	0.0100	get 0.0013% / 1h	51m 08s	$25K	$662K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against Bybit. 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 BybitbpFee SoDEXbpOrdersPrice spread, now −0.023%Rate

Funding earned: $11.36
Price spread: −0.023% → +0.057%: −$8.03
Slippage, 4 orders: −$19.87
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$35.54
Costs to cover: 0.389%
Break-even: 28.9 days

Slippage from Bybit: live order book, 3 min ago; SoDEX: live order book, 28 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 Bybit live order book, 3 min ago	0.55 bp	8.3 bp −$8	14.2 bp −$142	32.7 bp −$3,273	doesn't fit
Sell SoDEX live order book, 28 min ago	0.56 bp	11.9 bp −$12	28.0 bp −$280	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
Injective UNI/USDC PERP	−0.0049%	1h	8.8300	−3.328%	$660	$155K	12x	as long as short
Variational Omni UNI	−0.0010%	8h	9.0073	−1.387%	$4.0M	$4.4M	—	as long as short
dYdX UNI-USD	0.0000%	1h	9.0767	−0.627%	$251K	$6K	10x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	9.1243	−0.106%	$63K	—	150x	as long as short
Bybit UNIUSDTlong	+0.0046%	8h	9.1340	long leg	$104.4M	$103.9M	75x
OKX UNI-USDT-SWAP	+0.0078%	8h	9.1350	+0.011%	$56.3M	$251.4M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.0747	−0.650%	$26K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.1090	−0.274%	$970K	$4.1M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.1410	+0.077%	$1.1M	$3.3M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.0802	−0.589%	$303K	$586K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance UNIUSDT	+0.0100%	8h	9.1369	+0.032%	$225.2M	$585.8M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.1100	−0.263%	$281K	$619K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.1270	−0.077%	$23.5M	$57.8M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.1280	−0.066%	$44.0M	$23.7M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.1310	−0.033%	$13.9M	$13.5M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.1250	−0.099%	$33.1M	$41.4M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.1250	−0.099%	—	$6.5M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.0235	−1.209%	$170K	$342K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0290	−1.149%	$638K	$2.5M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0420	−1.007%	$89K	$713K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0410	−1.018%	$70K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.1146	−0.212%	$88K	$355K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.1280	−0.066%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.1341	+0.001%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USDshort	+0.0100%	1h	9.1319	−0.023%	$25K	$662K	10x
HTX UNI-USDT	+0.0100%	8h	9.1314	−0.028%	$745K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.1290	−0.055%	$27.5M	$4.4M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	9.1277	−0.069%	$314K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.1281	−0.064%	$32K	$1K	3x	as long as short
01 Exchange UNIUSD	+0.0208%	1h	9.1212	−0.140%	$455	—	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.1300	−0.044%	$10.0M	$3.5M	75x	as long as short
Backpack UNI_USDC_PERP	+0.0221%	1h	9.1353	+0.014%	$1.0M	$2.3M	10x	as long as short
Coinbase International UNI-PERP-INTX	+0.0232%	1h	9.1320	−0.022%	$1.1M	$5.5M	50x	as long as short
Reya UNIRUSDPERP	+0.0363%	1h	9.1115	−0.246%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0380% / S −0.0320%	1h	9.1257	−0.091%	$573K	—	120x	as long as short
Kraken Futures PF_UNIUSD	+0.0554%	1h	9.1373	+0.036%	$5.1M	$7.0M	50x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0592%	1h	9.1354	+0.015%	$588K	$175K	50x	as long as short
Aftermath Perps UNIUSD	+0.0718%	1h	9.0301	−1.137%	$1K	$49K	10x	as long as short
Hyperliquid UNI	+0.0921%	1h	9.1439	+0.108%	$101.2M	$58.5M	10x	as long as short
Lighter UNI	+0.0984%	1h	9.1495	+0.170%	$4.7M	$5.2M	15x	as long as short