Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: BingX against SoDEX+0.004%7-day average −0.021% · 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−$28as in the Price arb table

costs, in and out, $10k−$300.301% of the position

Long on SoDEX Short on BingX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.004%$0 on $10k

Price spread, last 3 days (all we have)−0.218%−$22 · spread now +0.004%, 7d avg −0.021%

Together, before fees−0.221%−$22 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: BingX is 0.025% dearer against SoDEX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX UNI-USD	9.1736	0.0100	pay 0.0013% / 1h	12m 13s	$22K	$711K	10x
Short	BingX UNI-USDT	9.1740	0.0100	get 0.0100% / 8h	7h 12m	—	$57.0M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.004%Rate

Funding earned: $0
Price spread: +0.004% → −0.021%: $2.55
Slippage, 4 orders: −$12.1
Fee SoDEX: 4 bp × 2 orders: −$8
Fee BingX: 5 bp × 2 orders: −$10
Net: −$27.55
Costs to cover: 0.301%
Break-even: never at this rate

Slippage from SoDEX: live order book, 61 min ago; BingX: live order book, 12 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, 61 min ago	0.56 bp	9.3 bp −$9	28.7 bp −$287	138.8 bp −$13.9K	doesn't fit
Sell BingX live order book, 12 min ago	0.54 bp	5.5 bp −$6	5.5 bp −$55	5.5 bp −$554	5.5 bp −$2,769

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 −0.0006%	1h	9.1740	+0.004%	$49K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−3.746%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0088%	1h	9.1695	−0.045%	$458	—	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.1662	−0.080%	$985K	$4.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.1779	+0.047%	$1.1M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.1773	+0.040%	$306K	$589K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.1606	−0.141%	$232.4M	$602.7M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.1560	−0.192%	$103.2M	$107.9M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.1500	−0.257%	$56.7M	$256.2M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.1800	+0.070%	$283K	$622K	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	9.1680	−0.061%	$23.4M	$60.5M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.1690	−0.050%	$46.8M	$24.6M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.1700	−0.039%	$13.7M	$13.6M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.1720	−0.017%	$33.8M	$43.1M	75x	as long as short
BingX UNI-USDTshort	+0.0100%	8h	9.1740	+0.004%	—	$57.0M	—
Backpack UNI_USDC_PERP	+0.0100%	1h	9.1784	+0.052%	$1.0M	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.1621	−0.126%	$4.2M	$4.4M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.1624	−0.123%	$173K	$346K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.1570	−0.181%	$638K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.1590	−0.159%	$89K	$706K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.1640	−0.105%	$56K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.1749	+0.014%	$85K	$387K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.1740	+0.004%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.1797	+0.066%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USDlong	+0.0100%	1h	9.1736	long leg	$22K	$711K	10x
HTX UNI-USDT	+0.0100%	8h	9.1794	+0.063%	$730K	$4.4M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.1620	−0.126%	$27.6M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.1666	−0.076%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.1707	−0.032%	$309K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.1760	+0.026%	$33K	—	3x	as long as short
dYdX UNI-USD	+0.0191%	1h	9.1742	+0.007%	$246K	$24K	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.1830	+0.102%	$10.6M	$3.6M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0272%	1h	9.1890	+0.168%	$1.1M	$4.9M	50x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0366%	1h	9.1803	+0.073%	$593K	$185K	50x	as long as short
Reya UNIRUSDPERP	+0.0367%	1h	9.1638	−0.107%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0323%	1h	9.1744	+0.008%	$580K	—	120x	as long as short
Kraken Futures PF_UNIUSD	+0.0383%	1h	9.1792	+0.061%	$5.1M	$7.1M	50x	as long as short
Hyperliquid UNI	+0.0539%	1h	9.1804	+0.074%	$101.2M	$60.0M	10x	as long as short
Lighter UNI	+0.0960%	1h	9.1937	+0.219%	$4.7M	$5.3M	15x	as long as short
Aftermath Perps UNIUSD	+0.1023%	1h	9.1828	+0.100%	$1K	$49K	10x	as long as short