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 0.000%

Price spread now: StandX against Phemex−0.144%7-day average +0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs−$70as in the Funding arb table

Net, price: spread back to 7d avg − costs−$90as in the Price arb table

costs, in and out, $10k−$740.744% of the position

Long on Phemex Short on StandX

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)−0.150%−$15 · spread now −0.144%, 7d avg +0.011%

Together, before fees−0.102%+ Points / potential airdropStandX: Active · farm board−$10 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: StandX is 0.155% cheaper against Phemex than usual: you would sell low and buy high, −$15 on $10k if it goes back to its 7-day average of +0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex UNIUSDT	9.0460	0.0100	pay 0.0100% / 8h	4h 25m	$27.4M	$4.4M	50x
Short	StandX UNI-USD	9.0330	0.0100	get 0.0013% / 1h	25m 46s	$15K	$3.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

StandX against Phemex. 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 PhemexbpFee StandXbpOrdersPrice spread, now −0.144%Rate

Funding earned: $0
Price spread: −0.144% → +0.011%: −$15.45
Slippage, 4 orders: −$54.35
Fee Phemex: 6 bp × 2 orders: −$12
Fee StandX: 4 bp × 2 orders: −$8
Net: −$89.8
Costs to cover: 0.744%
Break-even: never at this rate

Slippage from Phemex: live order book, 3 min ago; StandX: live order book, 3 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 Phemex live order book, 3 min ago	3.86 bp	21.1 bp −$21	33.5 bp −$335	doesn't fit	doesn't fit
Sell StandX live order book, 3 min ago	6.07 bp	27.3 bp −$27	44.5 bp −$445	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
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	9.0458	−0.002%	$37K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−2.388%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0064%	1h	9.0436	−0.027%	$451	$5	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.0400	−0.066%	$891K	$4.4M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.0501	+0.045%	$830K	$3.5M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.0398	−0.069%	$293K	$599K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.0470	+0.011%	$222.5M	$637.1M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.0440	−0.022%	$101.5M	$110.8M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.0470	+0.011%	$55.0M	$260.4M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.0510	+0.055%	$313K	$651K	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	9.0440	−0.022%	$23.5M	$63.6M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0470	+0.011%	$47.8M	$25.4M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0480	+0.022%	$13.5M	$13.2M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0470	+0.011%	$33.4M	$44.7M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	9.0440	−0.022%	—	$56.6M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.0483	+0.025%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.0398	−0.068%	$4.3M	$4.1M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.0568	+0.119%	$171K	$346K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0621	+0.178%	$632K	$2.7M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0940	+0.531%	$93K	$700K	50x	as long as short
StandX UNI-USDshort	+0.0100%	1h	9.0330	−0.144%	$15K	$3.4M	20x
Polymarket Perps UNI-USD	+0.0100%	1h	9.0465	+0.006%	$87K	$426K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.0430	−0.033%	$16K	$1.5M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.0477	+0.019%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.0433	−0.030%	$22K	$790K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.0504	+0.049%	$723K	$4.6M	75x	as long as short
Phemex UNIUSDTlong	+0.0100%	8h	9.0460	long leg	$27.4M	$4.4M	50x
Paradex UNI-USD-PERP	+0.0100%	8h	9.0363	−0.107%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0411	−0.054%	$292K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0441	−0.021%	$32K	—	3x	as long as short
dYdX UNI-USD	+0.0114%	1h	9.0363	−0.107%	$238K	$30K	10x	as long as short
Lighter UNI	+0.0168%	1h	9.0559	+0.109%	$4.6M	$5.8M	15x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0170%	1h	9.0491	+0.034%	$580K	$193K	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.0420	−0.044%	$10.2M	$3.6M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0248%	1h	9.0490	+0.033%	$1.1M	$5.7M	50x	as long as short
Kraken Futures PF_UNIUSD	+0.0270%	1h	9.0500	+0.045%	$5.0M	$7.9M	50x	as long as short
Reya UNIRUSDPERP	+0.0372%	1h	9.0459	−0.001%	$17K	—	20x	as long as short
Hyperliquid UNI	+0.0376%	1h	9.0561	+0.112%	$98.1M	$62.6M	10x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.0427	−0.036%	$644K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0995%	1h	9.0486	+0.028%	$1K	$46K	10x	as long as short