Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0120%/8h= +13.1% APRpaid last 24h +0.033%

Price spread now: BloFin against SoDEX−0.184%56s7-day average +0.018% · 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—prices read too far apart to compare

costs, in and out, $10k−$390.392% of the position

Long on SoDEX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.131%+$13 on $10k

Price spread, last 4 days (all we have)+0.094%+$9 · spread now −0.184%, 7d avg +0.018%

Together, before fees+0.225%+$23 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.203% cheaper against SoDEX than usual: you would sell low and buy high (spread −0.184% now, against its 7-day average of +0.018%). If the spread goes back, that is −$20 on $10k: about 5.6 days of funding at the current rate (+$4 a day). The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX UNI-USD	8.7441	0.0100	pay 0.0013% / 1h	29m 52s	$32K	$726K	10x
Short	BloFin UNI-USDT	8.7280	0.0220	get 0.0220% / 8h	5h 29m	$9.9M	$3.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.184%Rate

Funding earned: $25.2
Price spread: −0.184% → +0.018%: −$20.26
Slippage, 4 orders: −$19.22
Fee SoDEX: 4 bp × 2 orders: −$8
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$34.28
Costs to cover: 0.392%
Break-even: 16.5 days

Slippage from SoDEX: live order book, 17 min ago; BloFin: 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, 17 min ago	0.34 bp	10.9 bp −$11	28.3 bp −$283	132.1 bp −$13.2K	doesn't fit
Sell BloFin live order book, 12 min ago	0.57 bp	11.5 bp −$12	18.8 bp −$188	48.3 bp −$4,825	doesn't fit

UNI on 40 exchanges

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 −0.0005%	1h	8.7363	−0.089%	$75K	—	150x	as long as short
Nado UNI-PERP	+0.0012%	1h	8.7430	−0.013%	$697K	$3.9M	10x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0028%	1h	8.7541	+0.115%	$579K	$214K	50x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	+0.982%	$660	$147K	12x	as long as short
01 Exchange UNIUSD	+0.0064%	1h	8.7432	−0.010%	$436	$56	10x	as long as short
Lighter UNI	+0.0096%	1h	8.7554	+0.129%	$4.3M	$4.8M	15x	as long as short
OKX UNI-USDT-SWAP	+0.0097%	8h	8.7480	+0.045%	$53.9M	$221.0M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.7354	−0.099%	$25K	—	20x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.7537	+0.110%	$738K	$2.5M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.7411	−0.034%	$288K	$460K	10x	as long as short

Show all 40 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance UNIUSDT	+0.0100%	8h	8.7500	+0.067%	$212.5M	$563.2M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	8.7470	+0.033%	$96.6M	$95.9M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.7490	+0.056%	$321K	$515K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.7520	+0.090%	$27.7M	$55.6M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.7470	+0.033%	$45.9M	$20.9M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.7460	+0.022%	$12.9M	$11.0M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.7450	+0.010%	$32.5M	$41.9M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.7470	+0.033%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.7578	+0.157%	$1.1M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	8.7304	−0.156%	$4.0M	$2.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.7473	+0.037%	$165K	$346K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.7451	+0.012%	$619K	$2.2M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.7700	+0.296%	$89K	$715K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.7320	−0.138%	$92K	$3.4M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.7490	+0.056%	$88K	$599K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.7460	+0.022%	$16K	$2.4M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.7481	+0.046%	$36K	$1.1M	30x	as long as short
SoDEX UNI-USDlong	+0.0100%	1h	8.7441	long leg	$32K	$726K	10x
HTX UNI-USDT	+0.0100%	8h	8.7576	+0.154%	$701K	$3.9M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.7490	+0.056%	$26.4M	$4.6M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.7400	−0.047%	$292K	$1.7M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.7464	+0.026%	$31K	—	3x	as long as short
Kraken Futures PF_UNIUSD	+0.0132%	1h	8.7523	+0.094%	$4.7M	$7.6M	50x	as long as short
Hyperliquid UNI	+0.0152%	1h	8.7600	+0.182%	$93.9M	$60.9M	10x	as long as short
BloFin UNI-USDTshort	+0.0220%	8h	8.7280	−0.184%	$9.9M	$3.3M	75x
Coinbase International UNI-PERP-INTX	+0.0240%	1h	8.7510	+0.079%	$907K	$4.2M	50x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	8.7510	+0.079%	$623K	—	120x	as long as short
Reya UNIRUSDPERP	+0.0387%	1h	8.7426	−0.018%	$16K	—	20x	as long as short
Aftermath Perps UNIUSD	+0.0501%	1h	8.7605	+0.187%	$1K	$49K	10x	as long as short
dYdX UNI-USD	+0.0591%	1h	8.7437	−0.005%	$229K	$32K	10x	as long as short