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% APRnext payment +$0.00 per $10,000 · paid last 24h +0.020%

Price spread now: SunX against GRVT+0.365%7-day average +0.057% · you sell dearer than you buy

Net, funding: paid 7d − costs−$407as in the Funding arb table

Net, price: spread back to 7d avg − costs−$381as in the Price arb table

costs, in and out, $10k−$4124.119% of the position

Long on GRVT Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.048%+$5 on $10k

Price spread, last 3 days (all we have)−0.051%−$5 · spread now +0.365%, 7d avg +0.057%

Together, before fees−0.002%+ Points / potential airdropGRVT: Active · farm board$0 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 0.309% dearer against GRVT than usual: you sell high and buy low, +$31 on $10k if it goes back to its 7-day average of +0.057%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT UNI_USDT_Perp	9.0062	0.0100	pay 0.0100% / 8h	55m 04s	$627K	$2.5M	10x
Short	SunX UNI-USDT	9.0391	0.0100	get 0.0100% / 8h	55m 04s	$37K	$1.3M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against GRVT. 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 GRVTbpFee SunXbpOrdersPrice spread, now +0.365%Rate

Funding earned: $0
Price spread: +0.365% → +0.057%: $30.89
Slippage, 4 orders: −$394.87
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee SunX: 4 bp × 2 orders: −$8
Net: −$380.98
Costs to cover: 4.119%
Break-even: never at this rate

Slippage from GRVT: live order book, 4 min ago; SunX: live order book, 9 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 GRVT live order book, 4 min ago	2.78 bp	325.7 bp −$326	34670.5 bp −$346.7K	doesn't fit	doesn't fit
Sell SunX live order book, 9 min ago	13.89 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	−1.956%	$660	$155K	12x	as long as short
Variational Omni UNI	−0.0010%	8h	9.0073	+0.012%	$4.0M	$4.4M	—	as long as short
dYdX UNI-USD	0.0000%	1h	9.0088	+0.029%	$249K	$6K	10x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	9.0326	+0.293%	$63K	—	150x	as long as short
Bybit UNIUSDT	+0.0038%	8h	9.0260	+0.220%	$103.0M	$103.8M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0072%	8h	9.0250	+0.209%	$55.7M	$248.3M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.0226	+0.183%	$26K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.0225	+0.181%	$957K	$4.1M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.0397	+0.372%	$1.1M	$3.3M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.0126	+0.071%	$301K	$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	9.0290	+0.253%	$222.6M	$593.7M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.0350	+0.320%	$279K	$619K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.0270	+0.231%	$23.2M	$57.6M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0340	+0.309%	$43.6M	$23.6M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0330	+0.298%	$13.7M	$13.8M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0210	+0.164%	$32.8M	$41.3M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.0260	+0.220%	—	$6.5M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.0073	+0.012%	$169K	$342K	20x	as long as short
GRVT UNI_USDT_Perplong	+0.0100%	8h	9.0062	long leg	$627K	$2.5M	10x
ApeX Omni UNIUSDT	+0.0100%	1h	9.0130	+0.076%	$89K	$712K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0170	+0.120%	$108K	$3.2M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.0338	+0.307%	$87K	$355K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.0330	+0.298%	$16K	$1.7M	10x	as long as short
SunX UNI-USDTshort	+0.0100%	8h	9.0391	+0.365%	$37K	$1.3M	30x
SoDEX UNI-USD	+0.0100%	1h	9.0350	+0.320%	$25K	$654K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.0442	+0.422%	$740K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.0350	+0.320%	$27.2M	$4.4M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0298	+0.262%	$301K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0340	+0.309%	$32K	$1K	3x	as long as short
Backpack UNI_USDC_PERP	+0.0188%	1h	9.0325	+0.292%	$1.0M	$2.3M	10x	as long as short
01 Exchange UNIUSD	+0.0216%	1h	9.0340	+0.309%	$451	—	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.0360	+0.331%	$10.0M	$3.4M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0232%	1h	9.0390	+0.364%	$1.1M	$5.4M	50x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0285%	1h	9.0399	+0.375%	$582K	$173K	50x	as long as short
Reya UNIRUSDPERP	+0.0363%	1h	9.0280	+0.242%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0380% / S −0.0320%	1h	9.0331	+0.299%	$568K	—	120x	as long as short
Kraken Futures PF_UNIUSD	+0.0560%	1h	9.0401	+0.376%	$5.1M	$7.1M	50x	as long as short
Aftermath Perps UNIUSD	+0.0702%	1h	8.9958	−0.115%	$1K	$49K	10x	as long as short
Hyperliquid UNI	+0.0784%	1h	9.0427	+0.405%	$99.7M	$59.6M	10x	as long as short
Lighter UNI	+0.1048%	1h	9.0538	+0.529%	$4.6M	$5.1M	15x	as long as short