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 0.000%

Price spread now: SunX against Phemex−0.143%7-day average +0.032% · you buy dearer than you sell

Net, funding: paid 7d − costs−$64as in the Funding arb table

Net, price: spread back to 7d avg − costs−$86as in the Price arb table

costs, in and out, $10k−$690.688% of the position

Long on Phemex 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)+0.229%+$23 · spread now −0.143%, 7d avg +0.032%

Together, before fees+0.277%+$28 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 0.176% cheaper against Phemex than usual: you would sell low and buy high, −$18 on $10k if it goes back to its 7-day average of +0.032%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex UNIUSDT	8.9970	0.0100	pay 0.0100% / 8h	1m 27s	$27.1M	$4.5M	50x
Short	SunX UNI-USDT	8.9841	0.0100	get 0.0100% / 8h	1m 27s	$37K	$1.3M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.143%Rate

Funding earned: $0
Price spread: −0.143% → +0.032%: −$17.57
Slippage, 4 orders: −$48.83
Fee Phemex: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$86.41
Costs to cover: 0.688%
Break-even: never at this rate

Slippage from Phemex: live order book, 3 min ago; SunX: 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	2.79 bp	22.4 bp −$22	34.4 bp −$344	doesn't fit	doesn't fit
Sell SunX live order book, 3 min ago	13.88 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	−1.856%	$660	$155K	12x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	8.9894	−0.085%	$62K	—	150x	as long as short
OKX UNI-USDT-SWAP	+0.0087%	8h	9.0020	+0.056%	$55.0M	$250.0M	50x	as long as short
Variational Omni UNI	+0.0087%	8h	8.9503	−0.519%	$4.1M	$4.4M	—	as long as short
Nado UNI-PERP	+0.0100%	1h	8.9995	+0.028%	$947K	$4.2M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.0054	+0.093%	$1.0M	$3.3M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.0053	+0.093%	$298K	$591K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.0045	+0.084%	$222.9M	$592.0M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.0030	+0.067%	$101.8M	$105.9M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.0110	+0.156%	$270K	$614K	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	9.0020	+0.056%	$22.9M	$59.3M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0020	+0.056%	$44.0M	$24.1M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0030	+0.067%	$13.6M	$13.5M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0000	+0.033%	$32.9M	$42.2M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.0010	+0.044%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.0072	+0.113%	$1.1M	$2.4M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.9687	−0.315%	$169K	$345K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.9730	−0.267%	$624K	$2.5M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.9730	−0.267%	$88K	$709K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.9850	−0.133%	$36K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.0082	+0.124%	$85K	$367K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.9890	−0.089%	$16K	$1.7M	10x	as long as short
SunX UNI-USDTshort	+0.0100%	8h	8.9841	−0.143%	$37K	$1.3M	30x
SoDEX UNI-USD	+0.0100%	1h	8.9950	−0.022%	$21K	$679K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.0040	+0.078%	$717K	$4.3M	75x	as long as short
Phemex UNIUSDTlong	+0.0100%	8h	8.9970	long leg	$27.1M	$4.5M	50x
Paradex UNI-USD-PERP	+0.0100%	8h	9.0016	+0.051%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	8.9972	+0.003%	$302K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.9952	−0.019%	$32K	$1K	3x	as long as short
01 Exchange UNIUSD	+0.0152%	1h	9.0072	+0.113%	$449	—	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.9700	−0.300%	$10.0M	$3.5M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0232%	1h	8.9920	−0.056%	$1.1M	$5.4M	50x	as long as short
dYdX UNI-USD	+0.0284%	1h	9.0079	+0.121%	$249K	$6K	10x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0350%	1h	8.9997	+0.029%	$579K	$177K	50x	as long as short
Reya UNIRUSDPERP	+0.0365%	1h	8.9999	+0.032%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0382% / S −0.0323%	1h	8.9874	−0.107%	$568K	—	120x	as long as short
Hyperliquid UNI	+0.0413%	1h	9.0146	+0.196%	$98.6M	$59.7M	10x	as long as short
Kraken Futures PF_UNIUSD	+0.0562%	1h	9.0023	+0.059%	$5.0M	$7.0M	50x	as long as short
Aftermath Perps UNIUSD	+0.0875%	1h	8.9845	−0.139%	$1K	$49K	10x	as long as short
Lighter UNI	+0.0896%	1h	9.0212	+0.269%	$4.6M	$5.3M	15x	as long as short