Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0262%/8h= +28.6% APRpaid last 24h +0.071%

Price spread now: Reya against SunX−0.079%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 Reya

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—+ Points / potential airdropReya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.079% cheaper against SunX than usual: you would sell low and buy high (spread −0.079% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 24 hours of funding at the current rate (+$8 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX UNI-USDT	8.8277	0.0100	pay 0.0100% / 8h	1h 36m	$36K	$1.3M	30x
Short	Reya UNIRUSDPERP	8.8207	0.0362	get 0.0045% / 1h	36m 45s	$16K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now −0.079%Rate

Funding earned: $54.94
Price spread: −0.079% → 0.000%: −$7.9
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Reya: 3 bp × 2 orders: −$6
Net: $33.04
Costs to cover: 0.140%
Break-even: 2.8 days

Slippage unknown: SunX: live order book, 7 min ago; Reya: 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, 7 min ago	13.89 bp	17.9 bp −$18	34.6 bp −$346	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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	−0.0078%	8h	8.8285	+0.009%	$3.9M	$4.6M	—	as long as short
Bybit UNIUSDT	−0.0025%	8h	8.8130	−0.167%	$100.5M	$104.4M	75x	as long as short
Deribit UNI_USDC-PERPETUAL	0.0000%	1h	8.8295	+0.020%	$562K	$157K	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	8.8277	0.000%	$61K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.7900	−0.427%	$657	$96K	12x	as long as short
OKX UNI-USDT-SWAP	+0.0037%	8h	8.8130	−0.167%	$54.6M	$243.0M	50x	as long as short
01 Exchange UNIUSD	+0.0040%	1h	8.8322	+0.051%	$441	—	10x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8268	−0.011%	$25K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.8300	+0.026%	$934K	$4.0M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.8270	−0.008%	$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	8.8327	+0.057%	$296K	$570K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.8134	−0.163%	$216.4M	$588.4M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.8390	+0.128%	$272K	$606K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.8180	−0.110%	$22.9M	$58.4M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.8190	−0.099%	$42.5M	$24.4M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.8210	−0.076%	$13.5M	$13.8M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8130	−0.167%	$32.0M	$41.3M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.8150	−0.144%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8295	+0.020%	$978K	$2.3M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8429	+0.172%	$166K	$343K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8390	+0.128%	$613K	$2.5M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8450	+0.196%	$87K	$713K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8390	+0.128%	$105K	$3.2M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.8240	−0.042%	$86K	$351K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8240	−0.042%	$16K	$1.7M	10x	as long as short
SunX UNI-USDTlong	+0.0100%	8h	8.8277	long leg	$36K	$1.3M	30x
SoDEX UNI-USD	+0.0100%	1h	8.8230	−0.053%	$25K	$666K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.8420	+0.162%	$726K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8200	−0.087%	$26.5M	$4.5M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8150	−0.143%	$300K	$1.4M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8287	+0.011%	$31K	$1K	3x	as long as short
dYdX UNI-USD	+0.0114%	1h	8.8357	+0.090%	$245K	$6K	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.8200	−0.087%	$9.8M	$3.3M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0224%	1h	8.8300	+0.026%	$1.0M	$5.2M	50x	as long as short
Hyperliquid UNI	+0.0320%	1h	8.8276	−0.001%	$96.6M	$59.1M	10x	as long as short
Kraken Futures PF_UNIUSD	+0.0343%	1h	8.8306	+0.033%	$4.9M	$7.0M	50x	as long as short
Reya UNIRUSDPERPshort	+0.0362%	1h	8.8207	−0.079%	$16K	—	20x
GMX UNI/USD [UNI-USDC]	L +0.0379% / S −0.0319%	1h	8.8270	−0.008%	$553K	—	120x	as long as short
Lighter UNI	+0.0584%	1h	8.8320	+0.049%	$4.5M	$5.2M	15x	as long as short
Aftermath Perps UNIUSD	+0.0613%	1h	8.8317	+0.045%	$1K	$49K	10x	as long as short