Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0100%/8h= −11.0% APRpaid last 24h −0.037%

Price spread now: SunX against dYdX+0.301%7-day average +0.051% · you sell dearer than you buy

Net, funding: paid 7d − costs−$193as in the Funding arb table

Net, price: spread back to 7d avg − costs−$148as in the Price arb table

costs, in and out, $10k−$1731.727% of the position

Long on dYdX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.201%−$20 on $10k

Price spread, last 3 days (all we have)−0.057%−$6 · spread now +0.301%, 7d avg +0.051%

Together, before fees−0.258%−$26 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.250% dearer against dYdX than usual: you sell high and buy low (spread +0.301% now, against its 7-day average of +0.051%): +$25 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 8.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX UNI-USD	8.9806	0.0200	pay 0.0025% / 1h	51m 49s	$249K	$6K	10x
Short	SunX UNI-USDT	9.0076	0.0100	get 0.0100% / 8h	7h 51m	$37K	$1.3M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against dYdX. 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 dYdXbpFee SunXbpOrdersPrice spread, now +0.301%Rate

Funding earned: −$21.05
Price spread: +0.301% → +0.051%: $25.03
Slippage, 4 orders: −$154.68
Fee dYdX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$168.7
Costs to cover: 1.727%
Break-even: never at this rate

Slippage from dYdX: live order book, 22 min ago; SunX: live order book, 2 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 dYdX live order book, 22 min ago	62.45 bp	67.6 bp −$68	83.1 bp −$831	94.0 bp −$9,403	309.0 bp −$154.5K
Sell SunX live order book, 2 min ago	13.85 bp	19.4 bp −$19	doesn't fit	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
Gate UNI_USDT	−0.0055%	8h	8.9780	−0.029%	$22.8M	$57.4M	75x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	9.0054	+0.276%	$62K	—	150x	as long as short
01 Exchange UNIUSD	+0.0016%	1h	9.0081	+0.307%	$450	—	10x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−1.677%	$660	$154K	12x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0061%	1h	8.9931	+0.140%	$579K	$178K	50x	as long as short
OKX UNI-USDT-SWAP	+0.0089%	8h	8.9790	−0.017%	$54.9M	$248.6M	50x	as long as short
Variational Omni UNI	+0.0099%	8h	9.0013	+0.231%	$4.1M	$4.4M	—	as long as short
Nado UNI-PERP	+0.0100%	1h	9.0010	+0.228%	$950K	$4.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.9837	+0.035%	$1.0M	$3.4M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.9857	+0.057%	$299K	$591K	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	8.9820	+0.016%	$222.4M	$591.5M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	8.9810	+0.005%	$101.2M	$106.2M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.0100	+0.328%	$266K	$618K	10x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.9820	+0.016%	$43.9M	$23.3M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.9830	+0.027%	$13.6M	$13.5M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.9770	−0.040%	$33.0M	$42.2M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.9780	−0.029%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.9855	+0.055%	$1.1M	$2.4M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.0031	+0.251%	$169K	$342K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0084	+0.310%	$627K	$2.5M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0150	+0.383%	$88K	$707K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.9810	+0.005%	$36K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.0048	+0.270%	$85K	$374K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.9900	+0.105%	$16K	$1.7M	10x	as long as short
SunX UNI-USDTshort	+0.0100%	8h	9.0076	+0.301%	$37K	$1.3M	30x
SoDEX UNI-USD	+0.0100%	1h	8.9872	+0.074%	$21K	$680K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.0113	+0.342%	$723K	$4.4M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.9890	+0.094%	$27.1M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.9760	−0.051%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	8.9726	−0.089%	$302K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.9878	+0.080%	$32K	—	3x	as long as short
dYdX UNI-USDlong	+0.0200%	1h	8.9806	long leg	$249K	$6K	10x
BloFin UNI-USDT	+0.0220%	8h	8.9800	−0.006%	$10.0M	$3.5M	75x	as long as short
Hyperliquid UNI	+0.0236%	1h	8.9924	+0.132%	$98.4M	$59.6M	10x	as long as short
Coinbase International UNI-PERP-INTX	+0.0272%	1h	8.9930	+0.138%	$1.1M	$5.4M	50x	as long as short
Reya UNIRUSDPERP	+0.0365%	1h	8.9998	+0.214%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0382% / S −0.0323%	1h	9.0043	+0.264%	$570K	—	120x	as long as short
Kraken Futures PF_UNIUSD	+0.0391%	1h	8.9920	+0.127%	$5.0M	$7.0M	50x	as long as short
Lighter UNI	+0.0672%	1h	9.0019	+0.238%	$4.6M	$5.2M	15x	as long as short
Aftermath Perps UNIUSD	+0.0851%	1h	8.9984	+0.199%	$1K	$49K	10x	as long as short