UNI

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0198%/8h= −21.6% APRnext payment −$1.98 per $10,000 · paid last 24h −0.035%

Price spread now: Bybit against SunX−0.110%7-day average −0.125% · you buy dearer than you sell

Net, funding: paid 7d − costs−$67as in the Funding arb table

Net, price: spread back to 7d avg − costs−$56as in the Price arb table

costs, in and out, $10k−$580.577% of the position

Long on SunX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.097%−$10 on $10k

Price spread, last 3 days (all we have)−0.512%−$51 · spread now −0.110%, 7d avg −0.125%

Together, before fees−0.609%−$61 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.125%, so right now this pair is about funding alone: −$6 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.097% in total (about -5.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.98 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX UNI-USDT	8.8938	0.0100	pay 0.0100% / 8h	2h 16m	$36K	$1.3M	30x
Short	Bybit UNIUSDT	8.8840	−0.0098	pay 0.0098% / 8h	2h 16m	$101.2M	$106.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.110%Rate

Funding earned: −$41.48
Price spread: −0.110% → −0.125%: $1.49
Slippage, 4 orders: −$38.68
Fee SunX: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$97.66
Costs to cover: 0.577%
Break-even: never at this rate

Slippage from SunX: live order book, 8 min ago; Bybit: live order book, 3 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, 8 min ago	13.85 bp	17.8 bp −$18	34.5 bp −$345	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	0.56 bp	10.8 bp −$11	17.8 bp −$178	43.5 bp −$4,354	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
Variational Omni UNI	−0.0146%	8h	8.9020	+0.092%	$4.0M	$4.6M	—	as long as short
Bybit UNIUSDTshort	−0.0098%	8h	8.8840	−0.110%	$101.2M	$106.1M	75x
Deribit UNI_USDC-PERPETUAL	0.0000%	1h	8.8928	−0.011%	$562K	$138K	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0006%	1h	8.8901	−0.042%	$80K	—	150x	as long as short
OKX UNI-USDT-SWAP	+0.0024%	8h	8.8840	−0.110%	$54.7M	$247.8M	50x	as long as short
01 Exchange UNIUSD	+0.0024%	1h	8.8938	0.000%	$444	—	10x	as long as short
dYdX UNI-USD	+0.0092%	1h	8.8975	+0.041%	$246K	$5K	10x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8861	−0.086%	$25K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.8920	−0.020%	$850K	$4.0M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.8935	−0.003%	$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	8.8930	−0.009%	$301K	$563K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.8860	−0.088%	$217.2M	$595.7M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.8960	+0.025%	$274K	$612K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.8880	−0.065%	$23.1M	$59.4M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.8890	−0.054%	$43.2M	$24.7M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.8890	−0.054%	$13.4M	$13.9M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8900	−0.043%	$32.2M	$41.5M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	8.8850	−0.099%	—	$50.0M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.9082	+0.162%	$988K	$2.3M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.9121	+0.206%	$168K	$343K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.9060	+0.137%	$618K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.9090	+0.171%	$84K	$713K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.9110	+0.193%	$106K	$3.2M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.8881	−0.064%	$94K	$334K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8850	−0.099%	$16K	$1.7M	10x	as long as short
SunX UNI-USDTlong	+0.0100%	8h	8.8938	long leg	$36K	$1.3M	30x
SoDEX UNI-USD	+0.0100%	1h	8.8890	−0.054%	$25K	$666K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.9034	+0.108%	$723K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8880	−0.065%	$26.8M	$4.3M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8874	−0.072%	$308K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8886	−0.058%	$32K	$1K	3x	as long as short
Coinbase International UNI-PERP-INTX	+0.0200%	1h	8.9090	+0.171%	$1.0M	$5.4M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.9070	+0.148%	$9.8M	$3.4M	75x	as long as short
Kraken Futures PF_UNIUSD	+0.0267%	1h	8.8960	+0.025%	$5.0M	$7.1M	50x	as long as short
Hyperliquid UNI	+0.0297%	1h	8.8999	+0.069%	$96.9M	$59.8M	10x	as long as short
Reya UNIRUSDPERP	+0.0360%	1h	8.8853	−0.096%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0379% / S −0.0320%	1h	8.8883	−0.061%	$558K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0540%	1h	8.9080	+0.160%	$1K	$50K	10x	as long as short
Lighter UNI	+0.0568%	1h	8.9084	+0.164%	$4.5M	$5.4M	15x	as long as short
Injective UNI/USDC PERP	+0.2702%	1h	8.7900	−1.167%	$657	$97K	12x	as long as short