Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against SunX−0.075%7-day average −0.088% · you buy dearer than you sell

Net, funding: paid 7d − costs−$74as in the Funding arb table

Net, price: spread back to 7d avg − costs−$62as in the Price arb table

costs, in and out, $10k−$630.629% of the position

Long on SunX Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.109%−$11 on $10k

Price spread, last 3 days (all we have)−0.309%−$31 · spread now −0.075%, 7d avg −0.088%

Together, before fees−0.418%−$42 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX UNI-USDT	8.7746	0.0100	pay 0.0100% / 8h	1h 51m	$36K	$1.3M	30x
Short	BingX UNI-USDC	8.7680	0.0100	get 0.0100% / 8h	1h 51m	—	$6.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.075%Rate

Funding earned: $0
Price spread: −0.075% → −0.088%: $1.25
Slippage, 4 orders: −$44.87
Fee SunX: 4 bp × 2 orders: −$8
Fee BingX: 5 bp × 2 orders: −$10
Net: −$61.61
Costs to cover: 0.629%
Break-even: never at this rate

Slippage from SunX: live order book, 3 min ago; BingX: live order book, 15 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	13.34 bp	17.4 bp −$17	34.5 bp −$345	doesn't fit	doesn't fit
Sell BingX live order book, 15 min ago	1.14 bp	14.1 bp −$14	30.9 bp −$309	81.7 bp −$8,166	762.4 bp −$381.2K

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	−0.0095%	8h	8.8058	+0.355%	$3.9M	$4.6M	—	as long as short
Bybit UNIUSDT	−0.0041%	8h	8.7620	−0.144%	$100.1M	$106.4M	75x	as long as short
Deribit UNI_USDC-PERPETUAL	0.0000%	1h	8.7740	−0.007%	$558K	$158K	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0006%	1h	8.7738	−0.009%	$79K	—	150x	as long as short
OKX UNI-USDT-SWAP	+0.0033%	8h	8.7620	−0.144%	$54.2M	$244.6M	50x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.7900	+0.176%	$657	$96K	12x	as long as short
01 Exchange UNIUSD	+0.0056%	1h	8.7711	−0.040%	$438	—	10x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.7691	−0.063%	$25K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.7685	−0.070%	$855K	$4.1M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.7750	+0.005%	$1.0M	$3.4M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica UNI	+0.0100%	1h	8.7732	−0.016%	$296K	$575K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.7645	−0.115%	$215.1M	$598.0M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.7780	+0.039%	$271K	$612K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.7710	−0.041%	$22.7M	$58.2M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.7700	−0.052%	$42.4M	$24.4M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.7670	−0.087%	$13.4M	$13.9M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.7650	−0.109%	$31.7M	$41.7M	75x	as long as short
BingX UNI-USDCshort	+0.0100%	8h	8.7680	−0.075%	—	$6.5M	—
Backpack UNI_USDC_PERP	+0.0100%	1h	8.7787	+0.047%	$975K	$2.3M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8001	+0.291%	$165K	$343K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8252	+0.576%	$612K	$2.5M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8040	+0.335%	$87K	$713K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.7860	+0.130%	$105K	$3.2M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.7686	−0.068%	$86K	$349K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.7670	−0.087%	$15K	$1.7M	10x	as long as short
SunX UNI-USDTlong	+0.0100%	8h	8.7746	long leg	$36K	$1.3M	30x
SoDEX UNI-USD	+0.0100%	1h	8.7650	−0.109%	$24K	$668K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.7808	+0.071%	$721K	$4.4M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.7690	−0.064%	$26.4M	$4.5M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.7627	−0.136%	$298K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.7695	−0.058%	$31K	$1K	3x	as long as short
dYdX UNI-USD	+0.0163%	1h	8.7763	+0.020%	$243K	$6K	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.7650	−0.109%	$9.8M	$3.3M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0224%	1h	8.7740	−0.007%	$1.0M	$5.3M	50x	as long as short
Kraken Futures PF_UNIUSD	+0.0345%	1h	8.7714	−0.036%	$4.9M	$7.2M	50x	as long as short
Reya UNIRUSDPERP	+0.0361%	1h	8.7648	−0.111%	$16K	—	20x	as long as short
Hyperliquid UNI	+0.0367%	1h	8.7800	+0.062%	$96.0M	$59.6M	10x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0379% / S −0.0320%	1h	8.7728	−0.021%	$550K	—	120x	as long as short
Lighter UNI	+0.0552%	1h	8.7826	+0.091%	$4.5M	$5.2M	15x	as long as short
Aftermath Perps UNIUSD	+0.0639%	1h	8.7967	+0.251%	$1K	$50K	10x	as long as short