Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0282%/8h= −30.9% APRpaid last 24h −0.077%

Price spread now: SunX against Reya+0.043%7-day average — · you sell dearer than you buy

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

Long on Reya Short on SunX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

The price spread pays, funding is against you. SunX is 0.043% dearer against Reya than usual: you sell high and buy low (spread +0.043% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 12 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya UNIRUSDPERP	8.9333	0.0382	pay 0.0048% / 1h	51m 05s	$16K	—	20x
Short	SunX UNI-USDT	8.9371	0.0100	get 0.0100% / 8h	7h 51m	$36K	$1.3M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Reya. 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 ReyabpFee SunXbpOrdersPrice spread, now +0.043%Rate

Funding earned: −$59.2
Price spread: +0.043% → 0.000%: $4.29
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee SunX: 4 bp × 2 orders: −$8
Net: −$68.91
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; SunX: live order book, 3 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 Reya no order-book sample	—	—	—	—	—
Sell SunX live order book, 3 min ago	13.84 bp	17.8 bp −$18	35.8 bp −$358	doesn't fit	doesn't fit

Reya: 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
Kraken Futures PF_UNIUSD	−0.0062%	1h	8.9451	+0.132%	$4.7M	$8.6M	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0005%	1h	8.9350	+0.020%	$77K	—	150x	as long as short
Phemex UNIUSDT	+0.0021%	8h	8.9330	−0.003%	$27.0M	$4.4M	50x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−1.156%	$660	$153K	12x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.9211	−0.136%	$25K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.9302	−0.034%	$729K	$4.7M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.9397	+0.073%	$727K	$3.2M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.9260	−0.081%	$288K	$567K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.9368	+0.040%	$217.5M	$652.8M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	8.9320	−0.014%	$99.1M	$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-SWAP	+0.0100%	8h	8.9340	+0.008%	$54.6M	$263.1M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.9380	+0.053%	$324K	$701K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.9370	+0.042%	$26.7M	$62.5M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.9370	+0.042%	$48.1M	$25.3M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.9370	+0.042%	$13.0M	$13.3M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.9350	+0.019%	$33.1M	$46.1M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.9330	−0.003%	—	$6.5M	—	as long as short
Variational Omni UNI	+0.0100%	8h	8.9200	−0.148%	$4.1M	$4.0M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.9122	−0.236%	$168K	$346K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.9123	−0.235%	$630K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.9160	−0.193%	$90K	$710K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.9280	−0.059%	$14K	$3.5M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.9380	+0.053%	$105K	$616K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.9320	−0.014%	$17K	$2.3M	10x	as long as short
SunX UNI-USDTshort	+0.0100%	8h	8.9371	+0.043%	$36K	$1.3M	30x
SoDEX UNI-USD	+0.0100%	1h	8.9363	+0.034%	$32K	$894K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.9500	+0.187%	$709K	$4.7M	75x	as long as short
Extended UNI-USD	+0.0104%	1h	8.9312	−0.023%	$301K	$1.8M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.9355	+0.025%	$32K	—	3x	as long as short
Hyperliquid UNI	+0.0110%	1h	8.9457	+0.139%	$95.4M	$67.6M	10x	as long as short
dYdX UNI-USD	+0.0138%	1h	8.9235	−0.110%	$235K	$30K	10x	as long as short
01 Exchange UNIUSD	+0.0144%	1h	8.9408	+0.084%	$446	$5	10x	as long as short
Lighter UNI	+0.0152%	1h	8.9478	+0.163%	$4.5M	$5.4M	15x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0203%	1h	8.9426	+0.104%	$592K	$273K	50x	as long as short
Coinbase International UNI-PERP-INTX	+0.0208%	1h	8.9480	+0.165%	$931K	$5.5M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.9310	−0.025%	$10.1M	$3.6M	75x	as long as short
Backpack UNI_USDC_PERP	+0.0262%	1h	8.9450	+0.131%	$1.1M	$2.5M	10x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0243%	1h	8.9347	+0.016%	$636K	—	120x	as long as short
Reya UNIRUSDPERPlong	+0.0382%	1h	8.9333	long leg	$16K	—	20x
Aftermath Perps UNIUSD	+0.0398%	1h	8.9265	−0.076%	$1K	$52K	10x	as long as short