Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.004%

Price spread now: Binance against SoDEX−0.013%7-day average +0.017% · you buy dearer than you sell

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−$330.326% of the position

Long on SoDEX Short on Binance

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)−0.248%−$25 · spread now −0.013%, 7d avg +0.017%

Together, before fees−0.254%−$25 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: Binance is 0.030% cheaper against SoDEX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.017%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX UNI-USD	8.8330	0.0100	pay 0.0013% / 1h	35m 03s	$25K	$666K	10x
Short	Binance UNIUSDT	8.8319	0.0100	get 0.0100% / 8h	1h 35m	$216.7M	$588.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.013%Rate

Funding earned: $0
Price spread: −0.013% → +0.017%: −$3
Slippage, 4 orders: −$14.6
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$35.59
Costs to cover: 0.326%
Break-even: never at this rate

Slippage from SoDEX: live order book, 49 min ago; Binance: live order book, 9 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 SoDEX live order book, 49 min ago	0.56 bp	8.4 bp −$8	29.7 bp −$297	doesn't fit	doesn't fit
Sell Binance live order book, 9 min ago	0.57 bp	6.7 bp −$7	13.6 bp −$136	43.8 bp −$4,385	162.0 bp −$81.0K

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	−0.0076%	8h	8.8115	−0.244%	$3.9M	$4.5M	—	as long as short
Bybit UNIUSDT	−0.0022%	8h	8.8280	−0.057%	$100.7M	$104.4M	75x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	8.8336	+0.007%	$61K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.7900	−0.487%	$657	$96K	12x	as long as short
OKX UNI-USDT-SWAP	+0.0039%	8h	8.8280	−0.057%	$54.7M	$243.3M	50x	as long as short
01 Exchange UNIUSD	+0.0040%	1h	8.8214	−0.131%	$440	—	10x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8117	−0.241%	$25K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.8280	−0.057%	$934K	$4.0M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.8365	+0.039%	$1.0M	$3.4M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.8160	−0.192%	$296K	$570K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance UNIUSDTshort	+0.0100%	8h	8.8319	−0.013%	$216.7M	$588.1M	75x
Arcus UNI-USD	+0.0100%	1h	8.8290	−0.045%	$281K	$615K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.8350	+0.023%	$22.9M	$58.5M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.8330	0.000%	$42.6M	$24.5M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.8340	+0.011%	$13.5M	$13.8M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8280	−0.057%	$32.1M	$41.3M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.8320	−0.011%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8410	+0.091%	$979K	$2.3M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8262	−0.077%	$166K	$343K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8189	−0.159%	$611K	$2.5M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8450	+0.136%	$87K	$713K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8170	−0.181%	$105K	$3.2M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.8313	−0.019%	$86K	$351K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8330	0.000%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.8246	−0.095%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USDlong	+0.0100%	1h	8.8330	long leg	$25K	$666K	10x
HTX UNI-USDT	+0.0100%	8h	8.8416	+0.097%	$727K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8300	−0.034%	$26.6M	$4.5M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8261	−0.079%	$300K	$1.4M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8360	+0.034%	$31K	$1K	3x	as long as short
dYdX UNI-USD	+0.0109%	1h	8.8170	−0.181%	$244K	$6K	10x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0214%	1h	8.8413	+0.094%	$562K	$157K	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.8350	+0.023%	$9.8M	$3.3M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0224%	1h	8.8410	+0.091%	$1.0M	$5.3M	50x	as long as short
Hyperliquid UNI	+0.0314%	1h	8.8468	+0.156%	$96.8M	$59.1M	10x	as long as short
Kraken Futures PF_UNIUSD	+0.0342%	1h	8.8419	+0.101%	$4.9M	$7.0M	50x	as long as short
Reya UNIRUSDPERP	+0.0362%	1h	8.8297	−0.037%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0379% / S −0.0319%	1h	8.8339	+0.010%	$553K	—	120x	as long as short
Lighter UNI	+0.0592%	1h	8.8517	+0.212%	$4.5M	$5.2M	15x	as long as short
Aftermath Perps UNIUSD	+0.0617%	1h	8.8295	−0.040%	$1K	$49K	10x	as long as short