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% APRnext payment +$0.00 per $10,000 · paid last 24h +0.003%

Price spread now: Backpack against SoDEX+0.030%7-day average +0.047% · 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−$36as in the Price arb table

costs, in and out, $10k−$340.343% of the position

Long on SoDEX Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.007%+$1 on $10k

Price spread, last 3 days (all we have)−0.745%−$75 · spread now +0.030%, 7d avg +0.047%

Together, before fees−0.738%−$74 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX UNI-USD	8.8039	0.0100	pay 0.0013% / 1h	48m 45s	$28K	$659K	10x
Short	Backpack UNI_USDC_PERP	8.8065	0.0100	get 0.0013% / 1h	48m 45s	$975K	$2.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against SoDEX. 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 SoDEXbpFee BackpackbpOrdersPrice spread, now +0.030%Rate

Funding earned: $0
Price spread: +0.030% → +0.047%: −$1.8
Slippage, 4 orders: −$16.33
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$36.12
Costs to cover: 0.343%
Break-even: never at this rate

Slippage from SoDEX: live order book, 40 min ago; Backpack: live order book, just now.

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 SoDEX live order book, 40 min ago	0.57 bp	9.0 bp −$9	28.1 bp −$281	135.3 bp −$13.5K	doesn't fit
Sell Backpack live order book, just now	0.06 bp	9.5 bp −$9	101.8 bp −$1,018	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
Variational Omni UNI	−0.0200%	8h	8.7965	−0.084%	$3.9M	$4.6M	—	as long as short
Bybit UNIUSDT	−0.0188%	8h	8.8110	+0.081%	$102.6M	$103.8M	75x	as long as short
01 Exchange UNIUSD	−0.0048%	1h	8.8147	+0.123%	$440	—	10x	as long as short
Deribit UNI_USDC-PERPETUAL	0.0000%	1h	8.8101	+0.070%	$550K	$125K	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0006%	1h	8.8093	+0.061%	$79K	—	150x	as long as short
OKX UNI-USDT-SWAP	+0.0007%	8h	8.8120	+0.092%	$54.2M	$244.3M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8047	+0.010%	$25K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.8020	−0.022%	$847K	$3.9M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.8137	+0.112%	$1.0M	$3.4M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.8155	+0.131%	$296K	$559K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance UNIUSDT	+0.0100%	8h	8.8140	+0.115%	$215.9M	$593.5M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.8130	+0.103%	$272K	$605K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.8070	+0.035%	$22.9M	$58.9M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.8060	+0.024%	$42.6M	$24.4M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.8060	+0.024%	$13.7M	$13.6M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8110	+0.081%	$31.9M	$41.0M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.8040	+0.001%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERPshort	+0.0100%	1h	8.8065	+0.030%	$975K	$2.4M	10x
edgeX UNIUSDC	+0.0100%	4h	8.8216	+0.201%	$166K	$343K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8123	+0.095%	$618K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8070	+0.035%	$83K	$713K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8060	+0.024%	$105K	$3.2M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.8109	+0.080%	$86K	$323K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8040	+0.001%	$15K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.8107	+0.077%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USDlong	+0.0100%	1h	8.8039	long leg	$28K	$659K	10x
HTX UNI-USDT	+0.0100%	8h	8.8175	+0.154%	$720K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8040	+0.001%	$26.5M	$4.3M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8025	−0.016%	$307K	$1.4M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8086	+0.053%	$31K	$1K	3x	as long as short
dYdX UNI-USD	+0.0168%	1h	8.8150	+0.126%	$244K	$5K	10x	as long as short
Coinbase International UNI-PERP-INTX	+0.0200%	1h	8.8140	+0.115%	$1.0M	$5.3M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.8060	+0.024%	$9.8M	$3.3M	75x	as long as short
Kraken Futures PF_UNIUSD	+0.0270%	1h	8.8096	+0.064%	$4.9M	$7.1M	50x	as long as short
Hyperliquid UNI	+0.0356%	1h	8.8263	+0.254%	$95.8M	$59.6M	10x	as long as short
Reya UNIRUSDPERP	+0.0359%	1h	8.8022	−0.020%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0380% / S −0.0320%	1h	8.8077	+0.043%	$552K	—	120x	as long as short
Lighter UNI	+0.0424%	1h	8.8314	+0.312%	$4.5M	$5.3M	15x	as long as short
Aftermath Perps UNIUSD	+0.0484%	1h	8.8175	+0.154%	$1K	$50K	10x	as long as short
Injective UNI/USDC PERP	+0.2702%	1h	8.7900	−0.158%	$657	$97K	12x	as long as short