Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: SunX against edgeX+0.163%74s7-day average +0.054% · you sell dearer than you buy

Net, funding: paid 7d − costs−$50as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$500.495% of the position

Long on edgeX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 3 days (all we have)+0.193%+$19 · spread now +0.163%, 7d avg +0.054%

Together, before fees+0.193%+ Points / potential airdropedgeX: Active · farm board+$19 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 0.109% dearer against edgeX than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of +0.054%. The two prices were read 74 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	edgeX UNIUSDC	8.8253	0.0100	pay 0.0050% / 4h	1h 37m	$166K	$342K	20x
Short	SunX UNI-USDT	8.8397	0.0100	get 0.0100% / 8h	1h 37m	$36K	$1.3M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against edgeX. 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 edgeXbpFee SunXbpOrdersPrice spread, now +0.163%Rate

Funding earned: $0
Price spread: +0.163% → +0.054%: $10.94
Slippage, 4 orders: −$32.5
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee SunX: 4 bp × 2 orders: −$8
Net: −$38.57
Costs to cover: 0.495%
Break-even: never at this rate

Slippage from edgeX: live order book, 45 min ago; SunX: live order book, 6 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 edgeX live order book, 45 min ago	2.24 bp	7.0 bp −$7	16.4 bp −$164	doesn't fit	doesn't fit
Sell SunX live order book, 6 min ago	13.89 bp	17.9 bp −$18	37.0 bp −$370	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
Variational Omni UNI	−0.0078%	8h	8.8285	+0.036%	$3.9M	$4.6M	—	as long as short
Bybit UNIUSDT	−0.0026%	8h	8.8290	+0.042%	$100.7M	$104.4M	75x	as long as short
Deribit UNI_USDC-PERPETUAL	0.0000%	1h	8.8430	+0.200%	$563K	$157K	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0006%	1h	8.8424	+0.194%	$80K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.7900	−0.400%	$657	$96K	12x	as long as short
OKX UNI-USDT-SWAP	+0.0038%	8h	8.8310	+0.064%	$54.7M	$243.5M	50x	as long as short
01 Exchange UNIUSD	+0.0040%	1h	8.8382	+0.146%	$441	—	10x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8298	+0.051%	$25K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.8360	+0.121%	$862K	$4.0M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.8390	+0.155%	$1.0M	$3.4M	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	8.8320	+0.076%	$296K	$570K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.8316	+0.071%	$216.8M	$588.4M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.8420	+0.189%	$273K	$606K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.8350	+0.110%	$22.9M	$58.4M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.8320	+0.076%	$42.6M	$24.4M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.8330	+0.087%	$13.5M	$13.8M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8330	+0.087%	$32.1M	$41.3M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.8320	+0.076%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8367	+0.129%	$978K	$2.3M	10x	as long as short
edgeX UNIUSDClong	+0.0100%	4h	8.8253	long leg	$166K	$342K	20x
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8239	−0.016%	$612K	$2.5M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8240	−0.015%	$87K	$714K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8340	+0.098%	$105K	$3.2M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.8380	+0.144%	$87K	$351K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8380	+0.144%	$16K	$1.7M	10x	as long as short
SunX UNI-USDTshort	+0.0100%	8h	8.8397	+0.163%	$36K	$1.3M	30x
SoDEX UNI-USD	+0.0100%	1h	8.8335	+0.093%	$25K	$666K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.8483	+0.260%	$727K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8370	+0.132%	$26.6M	$4.5M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8296	+0.049%	$300K	$1.4M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8340	+0.098%	$31K	$1K	3x	as long as short
dYdX UNI-USD	+0.0119%	1h	8.8366	+0.128%	$245K	$6K	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.8400	+0.166%	$9.8M	$3.3M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0224%	1h	8.8410	+0.178%	$1.0M	$5.3M	50x	as long as short
Hyperliquid UNI	+0.0329%	1h	8.8451	+0.224%	$96.8M	$59.1M	10x	as long as short
Kraken Futures PF_UNIUSD	+0.0343%	1h	8.8378	+0.142%	$4.9M	$7.0M	50x	as long as short
Reya UNIRUSDPERP	+0.0362%	1h	8.8352	+0.111%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0379% / S −0.0319%	1h	8.8414	+0.182%	$554K	—	120x	as long as short
Lighter UNI	+0.0584%	1h	8.8515	+0.297%	$4.5M	$5.2M	15x	as long as short
Aftermath Perps UNIUSD	+0.0613%	1h	8.8280	+0.030%	$1K	$49K	10x	as long as short