Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0281%/8h= −30.8% APRpaid last 24h −0.041%

Price spread now: SunX against GMX−0.019%7-day average +0.029% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on GMX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.200%−$20 on $10k

Price spread, last 3 days (all we have)+0.157%+$16 · spread now −0.019%, 7d avg +0.029%

Together, before fees−0.043%−$4 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and SunX is 0.047% cheaper against GMX than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.029%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX UNI/USD [UNI-USDC]	9.1504	L +0.0381% / S −0.0323%	pay 0.0048% / 1h	10m 50s	$579K	—	120x
Short	SunX UNI-USDT	9.1487	0.0100	get 0.0100% / 8h	7h 10m	$37K	$1.3M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against GMX. 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 GMXbpFee SunXbpOrdersPrice spread, now −0.019%Rate

Funding earned: −$59.1
Price spread: −0.019% → +0.029%: −$4.72
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$83.82
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; SunX: live order book, 3 min ago. Net counts fees only.

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 GMX no order-book sample	—	—	—	—	—
Sell SunX live order book, 3 min ago	48.87 bp	54.4 bp −$54	76.9 bp −$769	doesn't fit	doesn't fit

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 −0.0004%	1h	9.1521	+0.018%	$38K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−3.502%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0088%	1h	9.1490	−0.015%	$457	—	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.1475	−0.032%	$983K	$4.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.1523	+0.020%	$1.1M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.1481	−0.025%	$305K	$589K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.1712	+0.228%	$232.7M	$602.2M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.1710	+0.225%	$103.4M	$107.8M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.1700	+0.214%	$56.6M	$256.5M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.1570	+0.072%	$283K	$622K	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	9.1670	+0.181%	$23.4M	$60.5M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.1650	+0.160%	$46.6M	$24.6M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.1650	+0.160%	$13.6M	$13.6M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.1690	+0.203%	$33.8M	$43.1M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	9.1720	+0.236%	—	$57.1M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.1488	−0.018%	$1.0M	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.1470	−0.037%	$4.2M	$4.4M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.1624	+0.131%	$173K	$346K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.1708	+0.223%	$639K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.1590	+0.094%	$89K	$706K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.1640	+0.149%	$56K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.1533	+0.032%	$85K	$387K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.1490	−0.015%	$16K	$1.7M	10x	as long as short
SunX UNI-USDTshort	+0.0100%	8h	9.1487	−0.019%	$37K	$1.3M	30x
SoDEX UNI-USD	+0.0100%	1h	9.1490	−0.015%	$22K	$711K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.1574	+0.076%	$729K	$4.4M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.1520	+0.017%	$27.6M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.1470	−0.037%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.1602	+0.107%	$308K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.1486	−0.020%	$32K	—	3x	as long as short
dYdX UNI-USD	+0.0187%	1h	9.1485	−0.020%	$245K	$24K	10x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0206%	1h	9.1545	+0.044%	$592K	$185K	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.1460	−0.048%	$10.6M	$3.6M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0272%	1h	9.1630	+0.138%	$1.1M	$4.9M	50x	as long as short
Reya UNIRUSDPERP	+0.0367%	1h	9.1500	−0.004%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]long	L +0.0381% / S −0.0323%	1h	9.1504	long leg	$579K	—	120x
Kraken Futures PF_UNIUSD	+0.0384%	1h	9.1535	+0.034%	$5.1M	$7.1M	50x	as long as short
Hyperliquid UNI	+0.0544%	1h	9.1863	+0.392%	$101.3M	$60.0M	10x	as long as short
Lighter UNI	+0.0944%	1h	9.1684	+0.197%	$4.7M	$5.3M	15x	as long as short
Aftermath Perps UNIUSD	+0.1040%	1h	9.1772	+0.293%	$1K	$49K	10x	as long as short