Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0148%/8h= −16.2% APRpaid last 24h −0.035%

Price spread now: SunX against Coinbase International+0.061%7-day average +0.033% · you sell dearer than you buy

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs−$65as in the Price arb table

costs, in and out, $10k−$670.674% of the position

Long on Coinbase International Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.164%+$16 on $10k

Price spread, last 4 days (all we have)+0.211%+$21 · spread now +0.061%, 7d avg +0.033%

Together, before fees+0.375%+$37 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.028% dearer against Coinbase International than usual: you sell high and buy low (spread +0.061% now, against its 7-day average of +0.033%): +$3 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 15 hours. Mind the row above: over the last 7 days funding on this pair paid +0.164%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International UNI-PERP-INTX	9.0690	0.0248	pay 0.0031% / 1h	50m 55s	$1.1M	$5.4M	50x
Short	SunX UNI-USDT	9.0745	0.0100	get 0.0100% / 8h	4h 50m	$37K	$1.3M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Coinbase International. 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 Coinbase InternationalbpFee SunXbpOrdersPrice spread, now +0.061%Rate

Funding earned: −$31.08
Price spread: +0.061% → +0.033%: $2.76
Slippage, 4 orders: −$49.44
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$95.76
Costs to cover: 0.674%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 3 min ago; SunX: live order book, 3 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 Coinbase International live order book, 3 min ago	7.68 bp	16.9 bp −$17	20.9 bp −$209	doesn't fit	doesn't fit
Sell SunX live order book, 3 min ago	13.86 bp	17.9 bp −$18	36.6 bp −$366	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
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0003%	1h	9.0656	−0.037%	$40K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−2.635%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0056%	1h	9.0704	+0.015%	$453	$5	10x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0098%	1h	9.0730	+0.044%	$581K	$193K	50x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.0630	−0.066%	$905K	$4.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.0795	+0.116%	$1.0M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.0690	0.000%	$296K	$589K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.0850	+0.176%	$225.0M	$628.2M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.0820	+0.143%	$102.0M	$110.5M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.0850	+0.176%	$55.7M	$257.4M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus UNI-USD	+0.0100%	1h	9.0760	+0.077%	$287K	$613K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.0750	+0.066%	$23.0M	$62.2M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0860	+0.187%	$48.6M	$25.2M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0870	+0.198%	$13.6M	$13.1M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0840	+0.165%	$33.4M	$43.9M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.0830	+0.154%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.0797	+0.118%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.0589	−0.111%	$4.3M	$4.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.1122	+0.477%	$172K	$344K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.1180	+0.540%	$635K	$2.7M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.1120	+0.474%	$89K	$694K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.1110	+0.463%	$36K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.0719	+0.032%	$87K	$420K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.0650	−0.044%	$16K	$1.6M	10x	as long as short
SunX UNI-USDTshort	+0.0100%	8h	9.0745	+0.061%	$37K	$1.3M	30x
SoDEX UNI-USD	+0.0100%	1h	9.0690	0.000%	$22K	$781K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.0832	+0.157%	$715K	$4.5M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.0800	+0.121%	$27.5M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.0653	−0.041%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0805	+0.127%	$298K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0709	+0.021%	$32K	—	3x	as long as short
dYdX UNI-USD	+0.0141%	1h	9.0700	+0.011%	$239K	$30K	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.0750	+0.066%	$10.4M	$3.5M	75x	as long as short
Coinbase International UNI-PERP-INTXlong	+0.0248%	1h	9.0690	long leg	$1.1M	$5.4M	50x
Kraken Futures PF_UNIUSD	+0.0269%	1h	9.0756	+0.073%	$5.0M	$7.8M	50x	as long as short
Reya UNIRUSDPERP	+0.0372%	1h	9.0647	−0.047%	$17K	—	20x	as long as short
Lighter UNI	+0.0376%	1h	9.0843	+0.169%	$4.6M	$5.8M	15x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.0677	−0.014%	$645K	—	120x	as long as short
Hyperliquid UNI	+0.0480%	1h	9.0847	+0.174%	$98.7M	$61.5M	10x	as long as short
Aftermath Perps UNIUSD	+0.1032%	1h	9.1152	+0.509%	$1K	$46K	10x	as long as short