Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0090%/8h= +9.9% APRpaid last 24h +0.037%

Price spread now: dYdX against SunX+0.032%7-day average −0.050% · you sell dearer than you buy

Net, funding: paid 7d − costs−$151as in the Funding arb table

Net, price: spread back to 7d avg − costs−$162as in the Price arb table

costs, in and out, $10k−$1711.707% of the position

Long on SunX Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.201%+$20 on $10k

Price spread, last 3 days (all we have)−0.238%−$24 · spread now +0.032%, 7d avg −0.050%

Together, before fees−0.037%−$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and dYdX is 0.082% dearer against SunX than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.050%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX UNI-USDT	9.1626	0.0100	pay 0.0100% / 8h	7h 15m	$37K	$1.3M	30x
Short	dYdX UNI-USD	9.1655	0.0190	get 0.0024% / 1h	15m 25s	$246K	$24K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now +0.032%Rate

Funding earned: $18.98
Price spread: +0.032% → −0.050%: $8.23
Slippage, 4 orders: −$152.66
Fee SunX: 4 bp × 2 orders: −$8
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$143.45
Costs to cover: 1.707%
Break-even: 59.9 days

Slippage from SunX: live order book, 9 min ago; dYdX: live order book, 59 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, 9 min ago	13.81 bp	17.8 bp −$18	34.5 bp −$345	doesn't fit	doesn't fit
Sell dYdX live order book, 59 min ago	62.45 bp	67.5 bp −$67	176.7 bp −$1,767	337.8 bp −$33.8K	651.6 bp −$325.8K

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 −0.0005%	1h	9.1601	−0.028%	$43K	—	150x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0020%	1h	9.1590	−0.039%	$592K	$185K	50x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−3.630%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0080%	1h	9.1600	−0.028%	$457	—	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.1575	−0.056%	$979K	$4.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.1700	+0.081%	$1.1M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.1710	+0.092%	$306K	$589K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.1596	−0.033%	$232.6M	$603.4M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.1520	−0.116%	$103.1M	$108.0M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.1520	−0.116%	$56.5M	$256.7M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus UNI-USD	+0.0100%	1h	9.1730	+0.114%	$283K	$622K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.1600	−0.028%	$23.4M	$60.3M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.1590	−0.039%	$46.5M	$24.5M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.1570	−0.061%	$13.6M	$13.6M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.1530	−0.105%	$33.8M	$43.1M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	9.1580	−0.050%	—	$57.0M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.1680	+0.059%	$1.0M	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.1621	−0.006%	$4.2M	$4.4M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.1705	+0.086%	$173K	$346K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.1763	+0.149%	$641K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.1690	+0.070%	$89K	$707K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.1700	+0.081%	$56K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.1595	−0.034%	$85K	$386K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.1550	−0.083%	$16K	$1.7M	10x	as long as short
SunX UNI-USDTlong	+0.0100%	8h	9.1626	long leg	$37K	$1.3M	30x
SoDEX UNI-USD	+0.0100%	1h	9.1570	−0.061%	$22K	$711K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.1876	+0.273%	$725K	$4.4M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.1590	−0.039%	$27.6M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.1638	+0.014%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.1505	−0.132%	$309K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.1560	−0.072%	$32K	—	3x	as long as short
dYdX UNI-USDshort	+0.0190%	1h	9.1655	+0.032%	$246K	$24K	10x
BloFin UNI-USDT	+0.0220%	8h	9.1670	+0.048%	$10.4M	$3.6M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0272%	1h	9.1650	+0.026%	$1.1M	$4.9M	50x	as long as short
Reya UNIRUSDPERP	+0.0367%	1h	9.1508	−0.129%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0323%	1h	9.1591	−0.038%	$579K	—	120x	as long as short
Kraken Futures PF_UNIUSD	+0.0383%	1h	9.1620	−0.007%	$5.1M	$7.1M	50x	as long as short
Hyperliquid UNI	+0.0539%	1h	9.1668	+0.046%	$101.0M	$59.9M	10x	as long as short
Lighter UNI	+0.0952%	1h	9.1889	+0.287%	$4.7M	$5.3M	15x	as long as short
Aftermath Perps UNIUSD	+0.1009%	1h	9.1977	+0.384%	$1K	$49K	10x	as long as short