Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0092%/8h= −10.1% APRpaid last 24h −0.037%

Price spread now: SunX against Coinbase International+0.018%7-day average +0.032% · you sell dearer than you buy

Net, funding: paid 7d − costs−$50as in the Funding arb table

Net, price: spread back to 7d avg − costs−$67as in the Price arb table

costs, in and out, $10k−$650.654% of the position

Long on Coinbase International Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.154%+$15 on $10k

Price spread, last 4 days (all we have)+0.126%+$13 · spread now +0.018%, 7d avg +0.032%

Together, before fees+0.280%+$28 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.032%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.154%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International UNI-PERP-INTX	8.9850	0.0192	pay 0.0024% / 1h	48m 40s	$940K	$5.6M	50x
Short	SunX UNI-USDT	8.9866	0.0100	get 0.0100% / 8h	1h 48m	$37K	$1.4M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Coinbase International. 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 Coinbase InternationalbpFee SunXbpOrdersPrice spread, now +0.018%Rate

Funding earned: −$19.32
Price spread: +0.018% → +0.032%: −$1.47
Slippage, 4 orders: −$47.37
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$86.15
Costs to cover: 0.654%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 5 min ago; SunX: live order book, 5 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 Coinbase International live order book, 5 min ago	5.56 bp	19.1 bp −$19	23.8 bp −$238	67.6 bp −$6,757	doesn't fit
Sell SunX live order book, 5 min ago	13.85 bp	17.8 bp −$18	35.7 bp −$357	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
Polymarket Perps UNI-USD	−0.0095%	1h	8.9706	−0.160%	$121K	$582K	10x	as long as short
Kraken Futures PF_UNIUSD	−0.0017%	1h	8.9824	−0.029%	$4.7M	$8.6M	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0007%	1h	8.9839	−0.012%	$49K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−1.725%	$660	$153K	12x	as long as short
01 Exchange UNIUSD	+0.0080%	1h	8.9768	−0.091%	$448	$5	10x	as long as short
Lighter UNI	+0.0096%	1h	8.9843	−0.008%	$4.5M	$5.6M	15x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.9695	−0.172%	$26K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.9605	−0.273%	$775K	$4.7M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.9774	−0.084%	$740K	$3.6M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.9738	−0.124%	$287K	$593K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance UNIUSDT	+0.0100%	8h	8.9740	−0.122%	$217.1M	$660.2M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	8.9690	−0.178%	$99.8M	$112.2M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	8.9630	−0.245%	$54.7M	$267.1M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.9690	−0.178%	$320K	$705K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.9690	−0.178%	$25.0M	$66.2M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.9710	−0.156%	$49.4M	$26.5M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.9780	−0.078%	$13.1M	$13.4M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.9630	−0.245%	$32.9M	$45.6M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	8.9660	−0.211%	—	$57.3M	—	as long as short
Variational Omni UNI	+0.0100%	8h	8.9650	−0.222%	$4.1M	$4.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.9816	−0.037%	$170K	$345K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.9765	−0.094%	$627K	$2.7M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.9860	+0.011%	$90K	$708K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.9890	+0.045%	$15K	$3.5M	20x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.9770	−0.089%	$16K	$1.8M	10x	as long as short
SunX UNI-USDTshort	+0.0100%	8h	8.9866	+0.018%	$37K	$1.4M	30x
SoDEX UNI-USD	+0.0100%	1h	8.9799	−0.057%	$32K	$887K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.9860	+0.011%	$702K	$5.0M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.9830	−0.022%	$27.1M	$4.5M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.9619	−0.258%	$299K	$1.7M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.9806	−0.049%	$32K	—	3x	as long as short
dYdX UNI-USD	+0.0131%	1h	8.9774	−0.085%	$236K	$31K	10x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0155%	1h	8.9839	−0.012%	$592K	$249K	50x	as long as short
Backpack UNI_USDC_PERP	+0.0165%	1h	8.9928	+0.087%	$1.1M	$2.4M	10x	as long as short
Coinbase International UNI-PERP-INTXlong	+0.0192%	1h	8.9850	long leg	$940K	$5.6M	50x
BloFin UNI-USDT	+0.0220%	8h	8.9820	−0.033%	$10.1M	$3.7M	75x	as long as short
Reya UNIRUSDPERP	+0.0378%	1h	8.9708	−0.158%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0243%	1h	8.9831	−0.021%	$638K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0499%	1h	8.9850	0.000%	$950	$54K	10x	as long as short
Hyperliquid UNI	+0.0535%	1h	8.9788	−0.069%	$96.7M	$66.6M	10x	as long as short