Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: SoDEX against Orderly−0.028%7-day average −0.004% · you buy dearer than you sell

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

Long on Orderly Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.001%$0 on $10k

Price spread, last 3 days (all we have)+0.011%+$1 · spread now −0.028%, 7d avg −0.004%

Together, before fees+0.012%+$1 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 0.024% cheaper against Orderly than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_UNI_USDC	8.9210	0.0100	pay 0.0100% / 8h	2h 24m	$16K	$1.7M	10x
Short	SoDEX UNI-USD	8.9185	0.0100	get 0.0013% / 1h	24m 19s	$25K	$666K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against Orderly. 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 OrderlybpFee SoDEXbpOrdersPrice spread, now −0.028%Rate

Funding earned: $0
Price spread: −0.028% → −0.004%: −$2.44
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$16.44
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; SoDEX: live order book, 64 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 Orderly no order-book sample	—	—	—	—	—
Sell SoDEX live order book, 64 min ago	0.57 bp	9.7 bp −$10	27.6 bp −$276	doesn't fit	doesn't fit

Orderly: 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
Variational Omni UNI	−0.0161%	8h	8.9562	+0.394%	$4.0M	$4.6M	—	as long as short
Bybit UNIUSDT	−0.0122%	8h	8.9190	−0.022%	$101.8M	$106.0M	75x	as long as short
Deribit UNI_USDC-PERPETUAL	0.0000%	1h	8.9268	+0.065%	$564K	$138K	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0006%	1h	8.9240	+0.034%	$80K	—	150x	as long as short
01 Exchange UNIUSD	+0.0016%	1h	8.9209	−0.001%	$445	—	10x	as long as short
OKX UNI-USDT-SWAP	+0.0021%	8h	8.9200	−0.011%	$54.9M	$248.6M	50x	as long as short
dYdX UNI-USD	+0.0074%	1h	8.9228	+0.020%	$247K	$5K	10x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.9137	−0.082%	$25K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.9162	−0.053%	$863K	$4.0M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.9244	+0.038%	$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	8.9236	+0.029%	$302K	$564K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.9210	0.000%	$218.0M	$595.0M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.9270	+0.067%	$275K	$611K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.9220	+0.011%	$23.1M	$59.3M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.9200	−0.011%	$43.4M	$24.7M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.9180	−0.034%	$13.5M	$13.8M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.9180	−0.034%	$32.3M	$41.5M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.9220	+0.011%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.9306	+0.108%	$990K	$2.3M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.9369	+0.179%	$168K	$341K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.9440	+0.258%	$628K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.9430	+0.247%	$84K	$712K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.9460	+0.280%	$106K	$3.2M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.9214	+0.004%	$94K	$331K	10x	as long as short
Orderly PERP_UNI_USDClong	+0.0100%	8h	8.9210	long leg	$16K	$1.7M	10x
SunX UNI-USDT	+0.0100%	8h	8.9270	+0.067%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USDshort	+0.0100%	1h	8.9185	−0.028%	$25K	$666K	10x
HTX UNI-USDT	+0.0100%	8h	8.9500	+0.325%	$729K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.9290	+0.090%	$26.9M	$4.4M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.9190	−0.022%	$308K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.9231	+0.024%	$32K	$1K	3x	as long as short
Coinbase International UNI-PERP-INTX	+0.0200%	1h	8.9400	+0.213%	$1.0M	$5.4M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.9270	+0.067%	$9.8M	$3.4M	75x	as long as short
Kraken Futures PF_UNIUSD	+0.0267%	1h	8.9246	+0.041%	$5.0M	$7.1M	50x	as long as short
Hyperliquid UNI	+0.0300%	1h	8.9287	+0.086%	$97.2M	$59.7M	10x	as long as short
Reya UNIRUSDPERP	+0.0360%	1h	8.9180	−0.034%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0379% / S −0.0320%	1h	8.9240	+0.034%	$559K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0526%	1h	8.9234	+0.027%	$1K	$50K	10x	as long as short
Lighter UNI	+0.0568%	1h	8.9391	+0.203%	$4.6M	$5.4M	15x	as long as short
Injective UNI/USDC PERP	+0.2702%	1h	8.7900	−1.468%	$657	$97K	12x	as long as short