Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: GRVT against SunX+0.263%74s7-day average −0.057% · you sell dearer than you buy

Net, funding: paid 7d − costs−$66as 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−$630.633% of the position

Long on SunX Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.028%−$3 on $10k

Price spread, last 4 days (all we have)−0.540%−$54 · spread now +0.263%, 7d avg −0.057%

Together, before fees−0.568%+ Points / potential airdropGRVT: Active · farm board−$57 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: GRVT is 0.319% dearer against SunX than usual: you sell high and buy low, +$32 on $10k if it goes back to its 7-day average of −0.057%. The two prices were read 74 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	8.8638	0.0100	pay 0.0100% / 8h	2h 41m	$36K	$1.4M	30x
Short	GRVT UNI_USDT_Perp	8.8871	0.0100	get 0.0100% / 8h	2h 41m	$620K	$2.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.263%Rate

Funding earned: $0
Price spread: +0.263% → −0.057%: $31.95
Slippage, 4 orders: −$46.29
Fee SunX: 4 bp × 2 orders: −$8
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$31.35
Costs to cover: 0.633%
Break-even: never at this rate

Slippage from SunX: live order book, 2 min ago; GRVT: live order book, 2 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, 2 min ago	13.83 bp	18.3 bp −$18	doesn't fit	doesn't fit	doesn't fit
Sell GRVT live order book, 2 min ago	1.13 bp	13.4 bp −$13	21.8 bp −$218	doesn't fit	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
Nado UNI-PERP	−0.0145%	1h	8.8550	−0.099%	$802K	$4.7M	10x	as long as short
01 Exchange UNIUSD	−0.0080%	1h	8.8608	−0.034%	$442	$5	10x	as long as short
Kraken Futures PF_UNIUSD	−0.0017%	1h	8.8647	+0.010%	$4.8M	$8.5M	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0007%	1h	8.8601	−0.041%	$48K	—	150x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0022%	1h	8.8651	+0.015%	$568K	$202K	50x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−0.381%	$660	$153K	12x	as long as short
Polymarket Perps UNI-USD	+0.0084%	1h	8.8578	−0.068%	$99K	$499K	10x	as long as short
Lighter UNI	+0.0096%	1h	8.8637	−0.001%	$4.5M	$5.5M	15x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8610	−0.031%	$25K	—	20x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.8561	−0.087%	$751K	$3.6M	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	8.8640	+0.002%	$284K	$612K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.8538	−0.113%	$215.3M	$658.1M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	8.8510	−0.144%	$98.9M	$112.4M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	8.8500	−0.156%	$53.6M	$262.4M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.8700	+0.070%	$330K	$686K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.8550	−0.099%	$23.5M	$64.6M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.8550	−0.099%	$46.6M	$26.3M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.8600	−0.043%	$13.2M	$13.4M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8520	−0.133%	$32.6M	$46.5M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.8540	−0.111%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8600	−0.043%	$1.0M	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	8.8829	+0.216%	$4.1M	$4.2M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8945	+0.347%	$168K	$346K	20x	as long as short
GRVT UNI_USDT_Perpshort	+0.0100%	8h	8.8871	+0.263%	$620K	$2.8M	10x
ApeX Omni UNIUSDT	+0.0100%	1h	8.8960	+0.363%	$91K	$705K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8970	+0.375%	$15K	$3.4M	20x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8640	+0.002%	$16K	$1.6M	10x	as long as short
SunX UNI-USDTlong	+0.0100%	8h	8.8638	long leg	$36K	$1.4M	30x
SoDEX UNI-USD	+0.0100%	1h	8.8600	−0.043%	$22K	$852K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.8734	+0.108%	$707K	$5.0M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8600	−0.043%	$26.8M	$4.3M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8467	−0.192%	$296K	$1.7M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8595	−0.049%	$31K	—	3x	as long as short
dYdX UNI-USD	+0.0126%	1h	8.8674	+0.041%	$233K	$31K	10x	as long as short
Hyperliquid UNI	+0.0130%	1h	8.8642	+0.005%	$94.4M	$66.5M	10x	as long as short
Coinbase International UNI-PERP-INTX	+0.0184%	1h	8.8650	+0.014%	$928K	$5.8M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.8560	−0.088%	$10.0M	$3.6M	75x	as long as short
Reya UNIRUSDPERP	+0.0376%	1h	8.8565	−0.083%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	8.8611	−0.030%	$630K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0645%	1h	8.8869	+0.261%	$865	$45K	10x	as long as short