Settings8H · net · $10k
Funding arb · Price arb /

UNI

all UNI markets
SwapBacktest
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 −0.002%
Price spread now: SoDEX against Backpack−0.122%7-day average −0.045% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$43as in the Price arb table
costs, in and out, $10k−$350.352% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.007%−$1 on $10k
Price spread, last 4 days (all we have)+0.240%+$24 · spread now −0.122%, 7d avg −0.045%
Together, before fees+0.233%+$23 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: SoDEX is 0.077% cheaper against Backpack than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.045%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBackpack UNI_USDC_PERP8.86630.0100pay 0.0013% / 1h19m 29s$1.0M$2.5M10x
ShortSoDEX UNI-USD8.85550.0100get 0.0013% / 1h19m 29s$32K$886K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX against Backpack. 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

Funding earned
$0
Price spread: −0.122% → −0.045%
−$7.66
Slippage, 4 orders
−$17.25
Fee Backpack: 5 bp × 2 orders
−$10
Fee SoDEX: 4 bp × 2 orders
−$8
Net
−$42.91
Costs to cover
0.352%
Break-even
never at this rate
Slippage from Backpack: live order book, 5 min ago; SoDEX: live order book, 19 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Backpack live order book, 5 min ago0.06 bp8.2 bp −$8102.0 bp −$1,020doesn't fitdoesn't fit
Sell SoDEX live order book, 19 min ago0.56 bp8.6 bp −$927.0 bp −$270128.1 bp −$12.8Kdoesn't fit

UNI on 40 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_UNIUSD−0.0307%1h8.8605−0.065%$4.7M$8.6M50xas long as short
01 Exchange UNIUSD−0.0016%1h8.8709+0.052%$443$510xas long as short
gTrade (Gains Network) UNI/USDL +0.0004% / S −0.0005%1h8.8737+0.083%$73K150xas long as short
Injective UNI/USDC PERP+0.0033%1h8.8300−0.409%$660$153K12xas long as short
Nado UNI-PERP+0.0038%1h8.8600−0.071%$726K$4.7M10xas long as short
Deribit UNI_USDC-PERPETUAL+0.0066%1h8.8622−0.046%$587K$269K50xas long as short
Polymarket Perps UNI-USD+0.0072%1h8.8691+0.032%$105K$615K10xas long as short
Lighter UNI+0.0096%1h8.8694+0.035%$4.4M$5.6M15xas long as short
Paradex UNI-USD-PERP+0.0100%8h8.8581−0.092%$25K20xas long as short
Hyperliquid UNI+0.0100%1h8.8774+0.125%$94.5M$67.6M10xas long as short
Show all 40 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster UNIUSDT+0.0100%8h8.8696+0.037%$721K$3.3M50xas long as short
Pacifica UNI+0.0100%1h8.8620−0.048%$287K$591K10xas long as short
Binance UNIUSDT+0.0100%8h8.8670+0.008%$214.7M$651.5M75xas long as short
Bybit UNIUSDT+0.0100%8h8.8680+0.019%$98.2M$110.5M75xas long as short
OKX UNI-USDT-SWAP+0.0100%8h8.8670+0.008%$54.3M$261.5M50xas long as short
Arcus UNI-USD+0.0100%1h8.8710+0.053%$316K$690K10xas long as short
Gate UNI_USDT+0.0100%8h8.8610−0.060%$26.1M$66.5M75xas long as short
MEXC UNI_USDT+0.0100%8h8.8680+0.019%$48.0M$26.3M200xas long as short
KuCoin UNIUSDTM+0.0100%8h8.8690+0.030%$13.0M$13.3M75xas long as short
Bitget UNIUSDT+0.0100%8h8.8670+0.008%$32.5M$45.2M75xas long as short
BingX UNI-USDT+0.0100%8h8.8700+0.042%$58.1Mas long as short
Backpack UNI_USDC_PERPlong+0.0100%1h8.8663long leg$1.0M$2.5M10x
Variational Omni UNI+0.0100%8h8.8330−0.376%$4.1M$4.1Mas long as short
edgeX UNIUSDC+0.0100%4h8.8146−0.583%$167K$346K20xas long as short
GRVT UNI_USDT_Perp+0.0100%8h8.8389−0.309%$613K$2.6M10xas long as short
ApeX Omni UNIUSDT+0.0100%1h8.8200−0.522%$89K$709K50xas long as short
StandX UNI-USD+0.0100%1h8.8400−0.297%$14K$3.4M20xas long as short
Orderly PERP_UNI_USDC+0.0100%8h8.8520−0.161%$16K$2.2M10xas long as short
SunX UNI-USDT+0.0100%8h8.8606−0.064%$36K$1.3M30xas long as short
SoDEX UNI-USDshort+0.0100%1h8.8555−0.122%$32K$886K10x
HTX UNI-USDT+0.0100%8h8.8637−0.029%$700K$4.7M75xas long as short
Phemex UNIUSDT+0.0100%8h8.8530−0.150%$26.7M$4.5M50xas long as short
Extended UNI-USD+0.0104%1h8.8552−0.126%$285K$1.7M25xas long as short
Aevo UNI-PERP+0.0104%1h8.8580−0.094%$31K3xas long as short
Coinbase International UNI-PERP-INTX+0.0200%1h8.8400−0.297%$920K$5.4M50xas long as short
BloFin UNI-USDT+0.0220%8h8.8360−0.342%$10.1M$3.6M75xas long as short
GMX UNI/USD [UNI-USDC]L +0.0381% / S −0.0243%1h8.8585−0.088%$630K120xas long as short
Reya UNIRUSDPERP+0.0381%1h8.8660−0.003%$16K20xas long as short
Aftermath Perps UNIUSD+0.0403%1h8.8474−0.213%$977$52K10xas long as short
dYdX UNI-USD+0.0559%1h8.8594−0.078%$233K$30K10xas long as short