Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.018%

Price spread now: SoDEX against OKX+0.133%7-day average +0.028% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$370.369% of the position

Long on OKX Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.032%+$3 on $10k

Price spread, last 4 days (all we have)+0.332%+$33 · spread now +0.133%, 7d avg +0.028%

Together, before fees+0.364%+$36 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: SoDEX is 0.105% dearer against OKX than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of +0.028%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX UNI-USDT-SWAP	9.0910	0.0100	pay 0.0100% / 8h	4h 42m	$55.6M	$259.0M	50x
Short	SoDEX UNI-USD	9.1031	0.0100	get 0.0013% / 1h	42m 55s	$22K	$783K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against OKX. 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 OKXbpFee SoDEXbpOrdersPrice spread, now +0.133%Rate

Funding earned: $0
Price spread: +0.133% → +0.028%: $10.48
Slippage, 4 orders: −$18.85
Fee OKX: 5 bp × 2 orders: −$10
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$26.38
Costs to cover: 0.369%
Break-even: never at this rate

Slippage from OKX: live order book, 1 min ago; SoDEX: live order book, 16 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 OKX live order book, 1 min ago	0.55 bp	9.1 bp −$9	15.7 bp −$157	58.3 bp −$5,825	doesn't fit
Sell SoDEX live order book, 16 min ago	0.60 bp	9.9 bp −$10	27.7 bp −$277	139.7 bp −$14.0K	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
Deribit UNI_USDC-PERPETUAL	0.0000%	1h	9.1066	+0.171%	$583K	$193K	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	9.1096	+0.205%	$37K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−2.871%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0056%	1h	9.1182	+0.299%	$455	$5	10x	as long as short
dYdX UNI-USD	+0.0091%	1h	9.1344	+0.477%	$240K	$30K	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.1110	+0.220%	$923K	$4.4M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.1104	+0.213%	$1.0M	$3.0M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.1322	+0.453%	$296K	$590K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.0880	−0.033%	$224.1M	$631.0M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.0920	+0.011%	$101.9M	$110.7M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX UNI-USDT-SWAPlong	+0.0100%	8h	9.0910	long leg	$55.6M	$259.0M	50x
Arcus UNI-USD	+0.0100%	1h	9.0620	−0.319%	$287K	$630K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.0970	+0.066%	$23.6M	$62.8M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0890	−0.022%	$48.4M	$25.3M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0940	+0.033%	$13.6M	$13.1M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0840	−0.077%	$33.5M	$44.3M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.0870	−0.044%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.0996	+0.095%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.0968	+0.064%	$4.3M	$4.2M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.0727	−0.201%	$171K	$346K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.1003	+0.103%	$639K	$2.7M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.1050	+0.154%	$89K	$694K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.1050	+0.154%	$36K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.1145	+0.258%	$87K	$421K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.1030	+0.132%	$16K	$1.6M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.1171	+0.287%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USDshort	+0.0100%	1h	9.1031	+0.133%	$22K	$783K	10x
HTX UNI-USDT	+0.0100%	8h	9.1120	+0.231%	$718K	$4.5M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.0990	+0.088%	$27.5M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.1264	+0.390%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0824	−0.094%	$299K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.1039	+0.142%	$32K	—	3x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.0960	+0.055%	$10.3M	$3.6M	75x	as long as short
Lighter UNI	+0.0224%	1h	9.1140	+0.253%	$4.6M	$5.8M	15x	as long as short
Coinbase International UNI-PERP-INTX	+0.0248%	1h	9.1300	+0.429%	$1.1M	$5.5M	50x	as long as short
Kraken Futures PF_UNIUSD	+0.0269%	1h	9.1076	+0.182%	$5.0M	$7.9M	50x	as long as short
Reya UNIRUSDPERP	+0.0372%	1h	9.1066	+0.172%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.1056	+0.161%	$648K	—	120x	as long as short
Hyperliquid UNI	+0.0455%	1h	9.1091	+0.199%	$98.9M	$61.8M	10x	as long as short
Aftermath Perps UNIUSD	+0.1048%	1h	9.1129	+0.240%	$912	$46K	10x	as long as short