Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.004%

Price spread now: SoDEX against Binance−0.010%7-day average −0.016% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$360.359% of the position

Long on Binance Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.008%+$1 on $10k

Price spread, last 3 days (all we have)+0.203%+$20 · spread now −0.010%, 7d avg −0.016%

Together, before fees+0.211%+$21 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance UNIUSDT	9.0499	0.0100	pay 0.0100% / 8h	45m 09s	$223.9M	$588.7M	75x
Short	SoDEX UNI-USD	9.0490	0.0100	get 0.0013% / 1h	45m 09s	$25K	$669K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against Binance. 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 BinancebpFee SoDEXbpOrdersPrice spread, now −0.010%Rate

Funding earned: $0
Price spread: −0.010% → −0.016%: $0.62
Slippage, 4 orders: −$17.91
Fee Binance: 5 bp × 2 orders: −$10
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$35.29
Costs to cover: 0.359%
Break-even: never at this rate

Slippage from Binance: live order book, 14 min ago; SoDEX: live order book, 34 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 Binance live order book, 14 min ago	0.56 bp	7.7 bp −$8	11.7 bp −$117	34.5 bp −$3,452	167.1 bp −$83.6K
Sell SoDEX live order book, 34 min ago	0.56 bp	11.9 bp −$12	28.0 bp −$280	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
Injective UNI/USDC PERP	−0.0049%	1h	8.8300	−2.430%	$660	$155K	12x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	9.0479	−0.022%	$63K	—	150x	as long as short
Variational Omni UNI	+0.0015%	8h	9.0614	+0.127%	$4.1M	$4.4M	—	as long as short
Bybit UNIUSDT	+0.0057%	8h	9.0460	−0.043%	$103.2M	$104.5M	75x	as long as short
dYdX UNI-USD	+0.0083%	1h	9.0519	+0.022%	$251K	$6K	10x	as long as short
OKX UNI-USDT-SWAP	+0.0085%	8h	9.0440	−0.065%	$55.6M	$250.2M	50x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.0460	−0.043%	$957K	$4.2M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.0521	+0.024%	$1.0M	$3.3M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.0542	+0.048%	$301K	$586K	10x	as long as short
Binance UNIUSDTlong	+0.0100%	8h	9.0499	long leg	$223.9M	$588.7M	75x

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus UNI-USD	+0.0100%	1h	9.0620	+0.134%	$280K	$620K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.0460	−0.043%	$23.2M	$58.3M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0490	−0.010%	$43.6M	$23.9M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0500	+0.001%	$13.7M	$13.5M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0460	−0.043%	$32.9M	$41.9M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	9.0470	−0.032%	—	$51.9M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.1605	+1.222%	$172K	$344K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.1401	+0.997%	$646K	$2.5M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0750	+0.278%	$89K	$713K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0660	+0.178%	$36K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.0498	−0.001%	$88K	$355K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.0490	−0.010%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.0529	+0.033%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USDshort	+0.0100%	1h	9.0490	−0.010%	$25K	$669K	10x
HTX UNI-USDT	+0.0100%	8h	9.0584	+0.094%	$739K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.0500	+0.001%	$27.3M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.0513	+0.016%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0441	−0.064%	$313K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0500	+0.001%	$32K	$1K	3x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0135%	1h	9.0524	+0.028%	$583K	$175K	50x	as long as short
Backpack UNI_USDC_PERP	+0.0202%	1h	9.0492	−0.007%	$1.0M	$2.4M	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.0470	−0.032%	$10.0M	$3.5M	75x	as long as short
01 Exchange UNIUSD	+0.0232%	1h	9.0541	+0.047%	$452	—	10x	as long as short
Coinbase International UNI-PERP-INTX	+0.0232%	1h	9.0570	+0.079%	$1.1M	$5.4M	50x	as long as short
Reya UNIRUSDPERP	+0.0363%	1h	9.0425	−0.081%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0380% / S −0.0320%	1h	9.0485	−0.015%	$569K	—	120x	as long as short
Kraken Futures PF_UNIUSD	+0.0559%	1h	9.0549	+0.055%	$5.0M	$7.0M	50x	as long as short
Aftermath Perps UNIUSD	+0.0786%	1h	9.0724	+0.248%	$1K	$49K	10x	as long as short
Hyperliquid UNI	+0.0812%	1h	9.0548	+0.054%	$99.7M	$59.1M	10x	as long as short
Lighter UNI	+0.1040%	1h	9.0666	+0.185%	$4.6M	$5.2M	15x	as long as short