Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0096%/8hnext payment +$0.12 per $10,000 · paid last 24h +0.029%

Price spread now: SoDEX against gTrade (Gains Network)−0.105%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on gTrade (Gains Network)Short on SoDEX

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—needs both histories

Funding pays, the price is against you. SoDEX is 0.105% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.105% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 3.7 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) UNI/USD	8.8223	L +0.0004% / S −0.0004%	pay 0.0001% / 1h	23m 44s	$61K	—	150x
Short	SoDEX UNI-USD	8.8130	0.0100	get 0.0013% / 1h	23m 44s	$25K	$650K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee SoDEXbpOrdersPrice spread, now −0.105%Rate

Funding earned: $20.15
Price spread: −0.105% → 0.000%: −$10.53
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$8.38
Costs to cover: 0.180%
Break-even: 9.9 days

Slippage unknown: gTrade (Gains Network): no order-book sample; SoDEX: live order book, 9 min ago. 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell SoDEX live order book, 9 min ago	0.57 bp	10.4 bp −$10	28.2 bp −$282	doesn't fit	doesn't fit

gTrade (Gains Network): 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
Bybit UNIUSDT	−0.0244%	8h	8.8010	−0.241%	$102.3M	$104.8M	75x	as long as short
Variational Omni UNI	−0.0219%	8h	8.7905	−0.361%	$3.8M	$5.1M	—	as long as short
OKX UNI-USDT-SWAP	−0.0012%	8h	8.8010	−0.241%	$54.7M	$247.6M	50x	as long as short
gTrade (Gains Network) UNI/USDlong	L +0.0004% / S −0.0004%	1h	8.8223	long leg	$61K	—	150x
Deribit UNI_USDC-PERPETUAL	+0.0075%	1h	8.8230	+0.008%	$548K	$126K	50x	as long as short
01 Exchange UNIUSD	+0.0080%	1h	8.8299	+0.086%	$441	—	10x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8054	−0.191%	$25K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.8195	−0.032%	$834K	$3.9M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.8237	+0.016%	$1.1M	$3.3M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.8080	−0.162%	$297K	$565K	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	8.8053	−0.192%	$216.1M	$593.4M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.8320	+0.110%	$272K	$593K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.8100	−0.139%	$22.8M	$59.5M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.8080	−0.162%	$42.7M	$24.5M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.8110	−0.128%	$13.5M	$13.5M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8030	−0.219%	$31.8M	$40.9M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	8.8050	−0.196%	—	$51.4M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8142	−0.092%	$975K	$2.4M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.7935	−0.326%	$165K	$342K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.7778	−0.504%	$616K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.7840	−0.434%	$83K	$727K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8140	−0.094%	$86K	$3.1M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.8251	+0.032%	$87K	$322K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8170	−0.060%	$15K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.8204	−0.021%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USDshort	+0.0100%	1h	8.8130	−0.105%	$25K	$650K	10x
HTX UNI-USDT	+0.0100%	8h	8.8322	+0.112%	$708K	$4.1M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8180	−0.049%	$26.5M	$4.2M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8102	−0.138%	$308K	$1.4M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8178	−0.051%	$31K	$1K	3x	as long as short
dYdX UNI-USD	+0.0161%	1h	8.8092	−0.149%	$244K	$5K	10x	as long as short
Kraken Futures PF_UNIUSD	+0.0166%	1h	8.8199	−0.027%	$5.0M	$7.9M	50x	as long as short
Coinbase International UNI-PERP-INTX	+0.0200%	1h	8.8290	+0.076%	$1.0M	$5.4M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.8260	+0.042%	$10.0M	$3.3M	75x	as long as short
Hyperliquid UNI	+0.0222%	1h	8.8242	+0.022%	$95.6M	$60.5M	10x	as long as short
Reya UNIRUSDPERP	+0.0356%	1h	8.8172	−0.058%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0382% / S −0.0324%	1h	8.8219	−0.005%	$551K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0519%	1h	8.8063	−0.181%	$1K	$52K	10x	as long as short
Lighter UNI	+0.0680%	1h	8.8285	+0.070%	$4.6M	$5.3M	15x	as long as short
Injective UNI/USDC PERP	+0.5000%	1h	9.3200	+5.642%	$25K	$85K	12x	as long as short