Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.018%

Price spread now: SoDEX against OKX−0.280%46s7-day average +0.029% · 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—prices read too far apart to compare

costs, in and out, $10k−$360.358% of the position

Long on OKX Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.029%+$3 on $10k

Price spread, last 3 days (all we have)+0.431%+$43 · spread now −0.280%, 7d avg +0.029%

Together, before fees+0.460%+$46 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 0.309% cheaper against OKX than usual: you would sell low and buy high, −$31 on $10k if it goes back to its 7-day average of +0.029%. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX UNI-USDT-SWAP	8.9750	0.0100	pay 0.0100% / 8h	6h 39m	$55.4M	$253.7M	50x
Short	SoDEX UNI-USD	8.9499	0.0100	get 0.0013% / 1h	39m 34s	$21K	$715K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against OKX. 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 OKXbpFee SoDEXbpOrdersPrice spread, now −0.280%Rate

Funding earned: $0
Price spread: −0.280% → +0.029%: −$30.86
Slippage, 4 orders: −$17.83
Fee OKX: 5 bp × 2 orders: −$10
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$66.69
Costs to cover: 0.358%
Break-even: never at this rate

Slippage from OKX: live order book, 4 min ago; SoDEX: live order book, 29 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 OKX live order book, 4 min ago	0.56 bp	7.3 bp −$7	14.1 bp −$141	53.0 bp −$5,304	doesn't fit
Sell SoDEX live order book, 29 min ago	0.55 bp	9.8 bp −$10	27.0 bp −$270	141.6 bp −$14.2K	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
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	8.9347	−0.449%	$37K	—	150x	as long as short
dYdX UNI-USD	+0.0031%	1h	8.9730	−0.023%	$236K	$30K	10x	as long as short
01 Exchange UNIUSD	+0.0032%	1h	8.9691	−0.066%	$448	—	10x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−1.616%	$660	$154K	12x	as long as short
ApeX Omni UNIUSDT	+0.0078%	1h	9.0130	+0.423%	$88K	$706K	50x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.9670	−0.089%	$929K	$4.3M	10x	as long as short
Hyperliquid UNI	+0.0100%	1h	8.9868	+0.131%	$97.7M	$59.7M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.9720	−0.033%	$1.0M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.9690	−0.067%	$293K	$580K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.9680	−0.078%	$223.5M	$613.2M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit UNIUSDT	+0.0100%	8h	8.9730	−0.022%	$100.4M	$108.0M	75x	as long as short
OKX UNI-USDT-SWAPlong	+0.0100%	8h	8.9750	long leg	$55.4M	$253.7M	50x
Arcus UNI-USD	+0.0100%	1h	8.9760	+0.011%	$284K	$630K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.9710	−0.045%	$22.9M	$58.2M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.9700	−0.056%	$49.1M	$25.9M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.9670	−0.089%	$13.3M	$13.8M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.9730	−0.022%	$32.9M	$43.1M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	8.9700	−0.056%	—	$57.4M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.9574	−0.196%	$977K	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	8.9551	−0.222%	$4.1M	$4.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.0023	+0.305%	$169K	$343K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.9562	−0.210%	$624K	$2.6M	10x	as long as short
StandX UNI-USD	+0.0100%	1h	8.9280	−0.524%	$55K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.9795	+0.050%	$85K	$410K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.9440	−0.345%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.9583	−0.186%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USDshort	+0.0100%	1h	8.9499	−0.280%	$21K	$715K	10x
HTX UNI-USDT	+0.0100%	8h	8.9680	−0.078%	$713K	$4.2M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.9620	−0.145%	$27.0M	$4.6M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.9688	−0.069%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	8.9644	−0.118%	$297K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.9465	−0.318%	$32K	—	3x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.9940	+0.212%	$10.3M	$3.6M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0312%	1h	8.9340	−0.457%	$1.1M	$4.7M	50x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0318%	1h	8.9477	−0.304%	$581K	$200K	50x	as long as short
Reya UNIRUSDPERP	+0.0368%	1h	8.9748	−0.002%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	8.9337	−0.460%	$636K	—	120x	as long as short
Lighter UNI	+0.0400%	1h	8.9808	+0.065%	$4.6M	$5.3M	15x	as long as short
Kraken Futures PF_UNIUSD	+0.0428%	1h	8.9584	−0.185%	$5.0M	$6.9M	50x	as long as short
Aftermath Perps UNIUSD	+0.0980%	1h	8.9763	+0.014%	$934	$49K	10x	as long as short