Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against SunX+0.127%47s7-day average +0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs−$63as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$620.620% of the position

Long on SunX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.013%−$1 on $10k

Price spread, last 4 days (all we have)−0.660%−$66 · spread now +0.127%, 7d avg +0.008%

Together, before fees−0.673%−$67 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: ApeX Omni is 0.119% dearer against SunX than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of +0.008%. The two prices were read 47 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	SunX UNI-USDT	9.0725	0.0100	pay 0.0100% / 8h	4h 01m	$37K	$1.3M	30x
Short	ApeX Omni UNIUSDT	9.0840	0.0100	get 0.0013% / 1h	1m 28s	$96K	$702K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against SunX. 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 SunXbpFee ApeX OmnibpOrdersPrice spread, now +0.127%Rate

Funding earned: $0
Price spread: +0.127% → +0.008%: $11.92
Slippage, 4 orders: −$44.03
Fee SunX: 4 bp × 2 orders: −$8
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$50.12
Costs to cover: 0.620%
Break-even: never at this rate

Slippage from SunX: live order book, 3 min ago; ApeX Omni: live order book, 57 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 SunX live order book, 3 min ago	13.89 bp	17.9 bp −$18	34.5 bp −$345	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 57 min ago	6.04 bp	13.1 bp −$13	94.4 bp −$944	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
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	9.0940	+0.237%	$37K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−2.673%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0056%	1h	9.1036	+0.343%	$454	$5	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.0967	+0.267%	$970K	$4.4M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.0779	+0.059%	$817K	$3.5M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.0805	+0.088%	$294K	$600K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.0998	+0.301%	$223.5M	$639.7M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.0940	+0.237%	$102.3M	$111.4M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.0940	+0.237%	$55.4M	$262.8M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.1090	+0.402%	$317K	$652K	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	9.1000	+0.303%	$23.7M	$64.0M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0990	+0.292%	$47.9M	$25.5M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0960	+0.259%	$13.6M	$13.2M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0950	+0.248%	$33.5M	$45.1M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	9.0960	+0.259%	—	$56.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.0748	+0.025%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.0449	−0.304%	$4.2M	$4.1M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.0773	+0.053%	$171K	$346K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0740	+0.016%	$643K	$2.8M	10x	as long as short
ApeX Omni UNIUSDTshort	+0.0100%	1h	9.0840	+0.127%	$96K	$702K	50x
StandX UNI-USD	+0.0100%	1h	9.0690	−0.039%	$16K	$3.4M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.0984	+0.285%	$86K	$430K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.0690	−0.039%	$16K	$1.5M	10x	as long as short
SunX UNI-USDTlong	+0.0100%	8h	9.0725	long leg	$37K	$1.3M	30x
SoDEX UNI-USD	+0.0100%	1h	9.0700	−0.028%	$22K	$792K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.0775	+0.055%	$725K	$4.7M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.0710	−0.017%	$27.4M	$4.4M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.0754	+0.032%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0939	+0.236%	$293K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0701	−0.026%	$32K	—	3x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0115%	1h	9.0750	+0.027%	$581K	$207K	50x	as long as short
dYdX UNI-USD	+0.0184%	1h	9.0983	+0.284%	$240K	$30K	10x	as long as short
Lighter UNI	+0.0200%	1h	9.0867	+0.157%	$4.6M	$5.9M	15x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.0840	+0.127%	$10.3M	$3.6M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0248%	1h	9.0780	+0.061%	$951K	$5.9M	50x	as long as short
Kraken Futures PF_UNIUSD	+0.0270%	1h	9.0741	+0.017%	$5.0M	$8.0M	50x	as long as short
Hyperliquid UNI	+0.0304%	1h	9.1073	+0.384%	$98.6M	$62.4M	10x	as long as short
Reya UNIRUSDPERP	+0.0373%	1h	9.0932	+0.228%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.0947	+0.244%	$648K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0913%	1h	9.0757	+0.035%	$884	$46K	10x	as long as short