Funding arb · Price arb /

UNI

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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: Gate against SunX−0.009%53s7-day average −0.068% · you buy dearer than you sell

Net, funding: paid 7d − costs−$76as 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−$650.646% of the position

Long on SunX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.114%−$11 on $10k

Price spread, last 3 days (all we have)−0.569%−$57 · spread now −0.009%, 7d avg −0.068%

Together, before fees−0.683%−$68 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: Gate is 0.059% dearer against SunX than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.068%. The two prices were read 53 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	8.9038	0.0100	pay 0.0100% / 8h	2h 17m	$36K	$1.3M	30x
Short	Gate UNI_USDT	8.9030	0.0100	get 0.0100% / 8h	2h 17m	$23.1M	$59.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.009%Rate

Funding earned: $0
Price spread: −0.009% → −0.068%: $5.94
Slippage, 4 orders: −$41.63
Fee SunX: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$58.7
Costs to cover: 0.646%
Break-even: never at this rate

Slippage from SunX: live order book, 7 min ago; Gate: live order book, 1 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, 7 min ago	13.85 bp	17.8 bp −$18	34.5 bp −$345	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	1.69 bp	12.2 bp −$12	19.0 bp −$190	38.3 bp −$3,828	59.5 bp −$29.7K

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	−0.020%	$4.0M	$4.6M	—	as long as short
Bybit UNIUSDT	−0.0099%	8h	8.9020	−0.020%	$101.4M	$106.0M	75x	as long as short
Deribit UNI_USDC-PERPETUAL	0.0000%	1h	8.9081	+0.049%	$563K	$138K	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0006%	1h	8.9050	+0.014%	$80K	—	150x	as long as short
OKX UNI-USDT-SWAP	+0.0023%	8h	8.9010	−0.031%	$54.8M	$248.3M	50x	as long as short
01 Exchange UNIUSD	+0.0024%	1h	8.9014	−0.027%	$444	—	10x	as long as short
dYdX UNI-USD	+0.0094%	1h	8.9036	−0.003%	$247K	$5K	10x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.9026	−0.013%	$25K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.8942	−0.107%	$850K	$4.0M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.9030	−0.009%	$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	8.9019	−0.021%	$301K	$563K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.9040	+0.002%	$217.6M	$595.7M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.9040	+0.002%	$274K	$612K	10x	as long as short
Gate UNI_USDTshort	+0.0100%	8h	8.9030	−0.009%	$23.1M	$59.4M	75x
MEXC UNI_USDT	+0.0100%	8h	8.9030	−0.009%	$43.1M	$24.7M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.8990	−0.054%	$13.4M	$13.9M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8960	−0.088%	$32.3M	$41.5M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.9010	−0.031%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.9028	−0.011%	$988K	$2.3M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.9121	+0.093%	$168K	$343K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.9060	+0.025%	$618K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.9090	+0.058%	$84K	$713K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.9110	+0.081%	$106K	$3.2M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.9003	−0.039%	$94K	$333K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.9020	−0.020%	$16K	$1.7M	10x	as long as short
SunX UNI-USDTlong	+0.0100%	8h	8.9038	long leg	$36K	$1.3M	30x
SoDEX UNI-USD	+0.0100%	1h	8.9045	+0.008%	$25K	$666K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.9177	+0.156%	$723K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.9030	−0.009%	$26.8M	$4.3M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8937	−0.114%	$308K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.9047	+0.010%	$32K	$1K	3x	as long as short
Coinbase International UNI-PERP-INTX	+0.0200%	1h	8.9140	+0.115%	$1.0M	$5.4M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.9150	+0.126%	$9.8M	$3.4M	75x	as long as short
Kraken Futures PF_UNIUSD	+0.0267%	1h	8.9110	+0.081%	$5.0M	$7.1M	50x	as long as short
Hyperliquid UNI	+0.0295%	1h	8.9119	+0.091%	$97.0M	$59.8M	10x	as long as short
Reya UNIRUSDPERP	+0.0360%	1h	8.8983	−0.062%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0379% / S −0.0320%	1h	8.9056	+0.020%	$558K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0537%	1h	8.9123	+0.096%	$1K	$50K	10x	as long as short
Lighter UNI	+0.0576%	1h	8.9133	+0.107%	$4.6M	$5.4M	15x	as long as short
Injective UNI/USDC PERP	+0.2702%	1h	8.7900	−1.278%	$657	$97K	12x	as long as short