Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0223%/8h= +24.4% APRpaid last 24h +0.073%

Price spread now: GMX against SunX−0.082%7-day average −0.029% · you buy dearer than you sell

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

Long on SunX Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.084%+$8 on $10k

Price spread, last 3 days (all we have)−0.086%−$9 · spread now −0.082%, 7d avg −0.029%

Together, before fees−0.002%$0 on $10k · with fees, hour by hour

Funding pays, the price is against you. GMX is 0.053% cheaper against SunX than usual: you would sell low and buy high (spread −0.082% now, against its 7-day average of −0.029%). If the spread goes back, that is −$5 on $10k: about 19 hours of funding at the current rate (+$7 a day). At the pace of the last 3 days (+0.084% in total) that is about 48 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX UNI-USDT	8.9789	0.0100	pay 0.0100% / 8h	7m 50s	$36K	$1.3M	30x
Short	GMX UNI/USD [UNI-USDC]	8.9715	L +0.0381% / S −0.0323%	get 0.0040% / 1h	7m 50s	$567K	—	120x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −0.082%Rate

Funding earned: $46.83
Price spread: −0.082% → −0.029%: −$5.31
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee GMX: 6 bp × 2 orders: −$12
Net: $21.52
Costs to cover: 0.200%
Break-even: 3.8 days

Slippage unknown: SunX: live order book, 6 min ago; GMX: 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, 6 min ago	17.84 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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
Injective UNI/USDC PERP	−0.0049%	1h	8.8300	−1.658%	$660	$155K	12x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	8.9725	−0.072%	$62K	—	150x	as long as short
Variational Omni UNI	+0.0082%	8h	8.9422	−0.409%	$4.1M	$4.4M	—	as long as short
OKX UNI-USDT-SWAP	+0.0087%	8h	8.9480	−0.344%	$54.8M	$248.6M	50x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.9605	−0.205%	$956K	$4.2M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.9620	−0.189%	$1.0M	$3.3M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.9666	−0.137%	$297K	$591K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.9510	−0.311%	$221.6M	$591.2M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	8.9500	−0.322%	$101.3M	$105.3M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.9730	−0.066%	$269K	$614K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate UNI_USDT	+0.0100%	8h	8.9540	−0.277%	$22.8M	$59.2M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.9560	−0.255%	$43.9M	$24.1M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.9670	−0.133%	$13.7M	$13.5M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.9510	−0.311%	$32.7M	$42.0M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.9550	−0.266%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.9733	−0.062%	$1.1M	$2.4M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.9828	+0.043%	$169K	$342K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.9601	−0.209%	$623K	$2.5M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.9890	+0.112%	$88K	$710K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.9690	−0.110%	$36K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.9733	−0.062%	$85K	$366K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.9710	−0.088%	$16K	$1.7M	10x	as long as short
SunX UNI-USDTlong	+0.0100%	8h	8.9789	long leg	$36K	$1.3M	30x
SoDEX UNI-USD	+0.0100%	1h	8.9716	−0.081%	$21K	$676K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.9757	−0.036%	$718K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.9690	−0.110%	$27.1M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.9592	−0.220%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	8.9520	−0.300%	$302K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.9716	−0.082%	$32K	$1K	3x	as long as short
01 Exchange UNIUSD	+0.0168%	1h	8.9715	−0.082%	$448	—	10x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0198%	1h	8.9761	−0.031%	$578K	$177K	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.9670	−0.133%	$10.0M	$3.5M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0232%	1h	8.9690	−0.110%	$1.1M	$5.4M	50x	as long as short
dYdX UNI-USD	+0.0305%	1h	8.9651	−0.154%	$248K	$6K	10x	as long as short
Reya UNIRUSDPERP	+0.0365%	1h	8.9664	−0.139%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]short	L +0.0381% / S −0.0323%	1h	8.9715	−0.082%	$567K	—	120x
Hyperliquid UNI	+0.0454%	1h	8.9613	−0.196%	$98.0M	$59.6M	10x	as long as short
Kraken Futures PF_UNIUSD	+0.0564%	1h	8.9772	−0.019%	$5.0M	$7.0M	50x	as long as short
Aftermath Perps UNIUSD	+0.0866%	1h	8.9817	+0.031%	$1K	$49K	10x	as long as short
Lighter UNI	+0.0912%	1h	8.9705	−0.094%	$4.6M	$5.3M	15x	as long as short