Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0097%/8h= −10.6% APRpaid last 24h −0.029%

Price spread now: gTrade (Gains Network) against SunX−0.098%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on SunX Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.098% cheaper against SunX than usual: you would sell low and buy high (−$10 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX UNI-USDT	9.0745	0.0100	pay 0.0100% / 8h	4h 51m	$37K	$1.3M	30x
Short	gTrade (Gains Network) UNI/USD	9.0656	L +0.0004% / S −0.0003%	get 0.0000% / 1h	51m 05s	$40K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.098%Rate

Funding earned: −$20.38
Price spread: −0.098% → 0.000%: −$9.76
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$48.15
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 3 min ago; gTrade (Gains Network): no order-book sample. Net counts fees only.

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	13.86 bp	17.9 bp −$18	34.5 bp −$345	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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/USDshort	L +0.0004% / S −0.0003%	1h	9.0656	−0.098%	$40K	—	150x
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−2.694%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0056%	1h	9.0704	−0.045%	$453	$5	10x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0098%	1h	9.0730	−0.017%	$581K	$193K	50x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.0630	−0.127%	$905K	$4.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.0715	−0.033%	$1.0M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.0690	−0.061%	$296K	$589K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.0854	+0.120%	$225.0M	$627.2M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.0740	−0.006%	$101.9M	$110.6M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.0770	+0.028%	$55.6M	$257.1M	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	9.0760	+0.017%	$287K	$613K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.0750	+0.006%	$23.0M	$62.2M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0760	+0.017%	$48.6M	$25.2M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0750	+0.006%	$13.6M	$13.1M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0730	−0.017%	$33.4M	$43.9M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	9.0750	+0.006%	—	$56.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.0797	+0.057%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.0589	−0.172%	$4.3M	$4.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.1122	+0.416%	$172K	$344K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.1180	+0.479%	$635K	$2.7M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.1120	+0.413%	$89K	$694K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.1110	+0.402%	$36K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.0719	−0.029%	$87K	$420K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.0650	−0.105%	$16K	$1.6M	10x	as long as short
SunX UNI-USDTlong	+0.0100%	8h	9.0745	long leg	$37K	$1.3M	30x
SoDEX UNI-USD	+0.0100%	1h	9.0690	−0.061%	$22K	$781K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.0832	+0.096%	$715K	$4.5M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.0800	+0.061%	$27.5M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.0653	−0.102%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0641	−0.115%	$298K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0709	−0.040%	$32K	—	3x	as long as short
dYdX UNI-USD	+0.0141%	1h	9.0700	−0.050%	$239K	$30K	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.0750	+0.006%	$10.4M	$3.5M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0248%	1h	9.0690	−0.061%	$1.1M	$5.4M	50x	as long as short
Kraken Futures PF_UNIUSD	+0.0269%	1h	9.0756	+0.012%	$5.0M	$7.8M	50x	as long as short
Reya UNIRUSDPERP	+0.0372%	1h	9.0647	−0.108%	$17K	—	20x	as long as short
Lighter UNI	+0.0376%	1h	9.0843	+0.108%	$4.6M	$5.8M	15x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.0677	−0.075%	$645K	—	120x	as long as short
Hyperliquid UNI	+0.0480%	1h	9.0847	+0.113%	$98.7M	$61.5M	10x	as long as short
Aftermath Perps UNIUSD	+0.1032%	1h	9.1152	+0.448%	$1K	$46K	10x	as long as short