Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0179%/8h= −19.6% APRpaid last 24h −0.036%

Price spread now: SunX against dYdX+0.037%7-day average +0.051% · you sell dearer than you buy

Net, funding: paid 7d − costs−$192as in the Funding arb table

Net, price: spread back to 7d avg − costs−$174as in the Price arb table

costs, in and out, $10k−$1731.727% of the position

Long on dYdX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.197%−$20 on $10k

Price spread, last 3 days (all we have)+0.207%+$21 · spread now +0.037%, 7d avg +0.051%

Together, before fees+0.010%+$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.051%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX UNI-USD	9.0016	0.0279	pay 0.0035% / 1h	0m 20s	$249K	$6K	10x
Short	SunX UNI-USDT	9.0050	0.0100	get 0.0100% / 8h	0m 20s	$37K	$1.3M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against dYdX. 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 dYdXbpFee SunXbpOrdersPrice spread, now +0.037%Rate

Funding earned: −$37.55
Price spread: +0.037% → +0.051%: −$1.35
Slippage, 4 orders: −$154.7
Fee dYdX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$211.6
Costs to cover: 1.727%
Break-even: never at this rate

Slippage from dYdX: live order book, 14 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 dYdX live order book, 14 min ago	62.45 bp	67.6 bp −$68	83.1 bp −$831	94.0 bp −$9,403	309.0 bp −$154.5K
Sell SunX live order book, 4 min ago	13.88 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
Injective UNI/USDC PERP	−0.0049%	1h	8.8300	−1.907%	$660	$155K	12x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	9.0024	+0.008%	$62K	—	150x	as long as short
OKX UNI-USDT-SWAP	+0.0087%	8h	8.9950	−0.074%	$55.0M	$249.9M	50x	as long as short
Variational Omni UNI	+0.0090%	8h	9.0023	+0.007%	$4.1M	$4.4M	—	as long as short
Nado UNI-PERP	+0.0100%	1h	8.9980	−0.041%	$947K	$4.2M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.0050	+0.038%	$1.0M	$3.3M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.0021	+0.006%	$298K	$591K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.9996	−0.023%	$222.7M	$592.1M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	8.9980	−0.041%	$101.7M	$105.9M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.0080	+0.071%	$270K	$614K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate UNI_USDT	+0.0100%	8h	9.0020	+0.004%	$22.9M	$59.3M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0040	+0.026%	$44.0M	$24.1M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0030	+0.015%	$13.6M	$13.5M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.9960	−0.063%	$32.9M	$42.2M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.0010	−0.007%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.0094	+0.086%	$1.1M	$2.4M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.9687	−0.367%	$169K	$345K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.9730	−0.319%	$624K	$2.5M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.9730	−0.318%	$88K	$709K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.9850	−0.185%	$36K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.0054	+0.042%	$85K	$367K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.9990	−0.029%	$16K	$1.7M	10x	as long as short
SunX UNI-USDTshort	+0.0100%	8h	9.0050	+0.037%	$37K	$1.3M	30x
SoDEX UNI-USD	+0.0100%	1h	8.9990	−0.029%	$21K	$679K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.0090	+0.082%	$722K	$4.4M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.0040	+0.026%	$27.2M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.0002	−0.017%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	8.9942	−0.082%	$302K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0023	+0.008%	$32K	$1K	3x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0149%	1h	9.0052	+0.040%	$580K	$177K	50x	as long as short
01 Exchange UNIUSD	+0.0152%	1h	9.0037	+0.023%	$449	—	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.0070	+0.059%	$10.0M	$3.5M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0232%	1h	9.0080	+0.071%	$1.1M	$5.4M	50x	as long as short
dYdX UNI-USDlong	+0.0279%	1h	9.0016	long leg	$249K	$6K	10x
Reya UNIRUSDPERP	+0.0365%	1h	9.0009	−0.008%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0382% / S −0.0322%	1h	9.0016	0.000%	$570K	—	120x	as long as short
Hyperliquid UNI	+0.0410%	1h	9.0143	+0.141%	$98.6M	$59.7M	10x	as long as short
Kraken Futures PF_UNIUSD	+0.0562%	1h	9.0060	+0.049%	$5.0M	$7.0M	50x	as long as short
Aftermath Perps UNIUSD	+0.0874%	1h	8.9887	−0.144%	$1K	$49K	10x	as long as short
Lighter UNI	+0.0880%	1h	9.0189	+0.192%	$4.6M	$5.3M	15x	as long as short