Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h +0.173%

Price spread now: Injective against SunX+0.176%7-day average — · you sell dearer than you buy

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

Long on SunX Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.545%−$54 on $10k

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

Together, before fees—needs both histories

The price spread pays, funding is against you. Injective is 0.176% dearer against SunX than usual: you sell high and buy low (spread +0.176% now, against zero (this spread has no 7-day history yet)): +$18 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 8.8 days. At the pace of the last 7 days (−0.545% in total) that is about 2.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX UNI-USDT	8.7746	0.0100	pay 0.0100% / 8h	1h 50m	$36K	$1.3M	30x
Short	Injective UNI/USDC PERP	8.7900	0.0033	get 0.0004% / 1h	50m 41s	$657	$96K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against SunX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 InjectivebpOrdersPrice spread, now +0.176%Rate

Funding earned: −$14
Price spread: +0.176% → 0.000%: $17.55
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$4.47
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: SunX: live order book, 3 min ago; Injective: 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	13.34 bp	17.4 bp −$17	34.5 bp −$345	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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
Variational Omni UNI	−0.0095%	8h	8.8058	+0.355%	$3.9M	$4.6M	—	as long as short
Bybit UNIUSDT	−0.0040%	8h	8.7640	−0.121%	$100.1M	$106.3M	75x	as long as short
Deribit UNI_USDC-PERPETUAL	0.0000%	1h	8.7740	−0.007%	$558K	$158K	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0006%	1h	8.7738	−0.009%	$79K	—	150x	as long as short
OKX UNI-USDT-SWAP	+0.0033%	8h	8.7600	−0.166%	$54.2M	$244.5M	50x	as long as short
Injective UNI/USDC PERPshort	+0.0033%	1h	8.7900	+0.176%	$657	$96K	12x
01 Exchange UNIUSD	+0.0056%	1h	8.7711	−0.040%	$438	—	10x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.7702	−0.051%	$25K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.7685	−0.070%	$855K	$4.1M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.7768	+0.025%	$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	8.7726	−0.023%	$296K	$575K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.7693	−0.060%	$215.2M	$598.1M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.7690	−0.064%	$270K	$612K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.7710	−0.041%	$22.7M	$58.2M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.7700	−0.052%	$42.3M	$24.4M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.7630	−0.132%	$13.4M	$13.9M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.7580	−0.189%	$31.7M	$41.7M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.7600	−0.166%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.7692	−0.062%	$974K	$2.3M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8001	+0.291%	$165K	$343K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8252	+0.576%	$612K	$2.5M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8040	+0.335%	$87K	$713K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.7860	+0.130%	$105K	$3.2M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.7686	−0.068%	$86K	$349K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.7670	−0.087%	$15K	$1.7M	10x	as long as short
SunX UNI-USDTlong	+0.0100%	8h	8.7746	long leg	$36K	$1.3M	30x
SoDEX UNI-USD	+0.0100%	1h	8.7650	−0.109%	$24K	$668K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.7808	+0.071%	$721K	$4.4M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.7690	−0.064%	$26.4M	$4.5M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.7607	−0.159%	$298K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.7695	−0.058%	$31K	$1K	3x	as long as short
dYdX UNI-USD	+0.0217%	1h	8.7712	−0.039%	$243K	$6K	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.7650	−0.109%	$9.8M	$3.3M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0224%	1h	8.7740	−0.007%	$1.0M	$5.3M	50x	as long as short
Kraken Futures PF_UNIUSD	+0.0345%	1h	8.7714	−0.036%	$4.9M	$7.2M	50x	as long as short
Reya UNIRUSDPERP	+0.0361%	1h	8.7648	−0.111%	$16K	—	20x	as long as short
Hyperliquid UNI	+0.0363%	1h	8.7829	+0.095%	$96.1M	$59.6M	10x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0379% / S −0.0320%	1h	8.7728	−0.021%	$550K	—	120x	as long as short
Lighter UNI	+0.0536%	1h	8.7864	+0.134%	$4.5M	$5.2M	15x	as long as short
Aftermath Perps UNIUSD	+0.0639%	1h	8.7967	+0.251%	$1K	$50K	10x	as long as short