Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: StandX against Phemex+0.441%7-day average +0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs−$73as in the Funding arb table

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

costs, in and out, $10k−$780.779% of the position

Long on Phemex Short on StandX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.048%+$5 on $10k

Price spread, last 3 days (all we have)−0.576%−$58 · spread now +0.441%, 7d avg +0.014%

Together, before fees−0.528%+ Points / potential airdropStandX: Active · farm board−$53 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: StandX is 0.427% dearer against Phemex than usual: you sell high and buy low, +$43 on $10k if it goes back to its 7-day average of +0.014%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex UNIUSDT	9.0770	0.0100	pay 0.0100% / 8h	7h 01m	$27.4M	$4.5M	50x
Short	StandX UNI-USD	9.1170	0.0100	get 0.0013% / 1h	1m 51s	$56K	$3.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

StandX against Phemex. 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 PhemexbpFee StandXbpOrdersPrice spread, now +0.441%Rate

Funding earned: $0
Price spread: +0.441% → +0.014%: $42.68
Slippage, 4 orders: −$57.85
Fee Phemex: 6 bp × 2 orders: −$12
Fee StandX: 4 bp × 2 orders: −$8
Net: −$35.17
Costs to cover: 0.779%
Break-even: never at this rate

Slippage from Phemex: live order book, 2 min ago; StandX: 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 Phemex live order book, 2 min ago	7.14 bp	17.5 bp −$17	29.9 bp −$299	doesn't fit	doesn't fit
Sell StandX live order book, 2 min ago	8.23 bp	28.6 bp −$29	52.2 bp −$522	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
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	9.0689	−0.089%	$19K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−2.721%	$660	$154K	12x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0083%	1h	9.0787	+0.019%	$587K	$186K	50x	as long as short
01 Exchange UNIUSD	+0.0096%	1h	9.0765	−0.006%	$453	—	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.0600	−0.187%	$965K	$4.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.0673	−0.107%	$1.0M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.0863	+0.102%	$301K	$586K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.0682	−0.097%	$229.6M	$601.4M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.0570	−0.220%	$102.1M	$107.3M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.0570	−0.220%	$56.2M	$253.5M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus UNI-USD	+0.0100%	1h	9.0820	+0.055%	$280K	$618K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.0610	−0.176%	$23.1M	$60.8M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0620	−0.165%	$50.5M	$25.4M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0650	−0.132%	$13.6M	$13.6M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0560	−0.231%	$33.2M	$42.8M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.0590	−0.198%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.0711	−0.065%	$996K	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.0908	+0.152%	$4.1M	$4.4M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.1361	+0.651%	$172K	$345K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.1234	+0.511%	$639K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.1040	+0.297%	$89K	$708K	50x	as long as short
StandX UNI-USDshort	+0.0100%	1h	9.1170	+0.441%	$56K	$3.3M	20x
Polymarket Perps UNI-USD	+0.0100%	1h	9.0733	−0.041%	$88K	$395K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.0760	−0.011%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.0827	+0.063%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.0757	−0.014%	$22K	$713K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.0760	−0.011%	$720K	$4.4M	75x	as long as short
Phemex UNIUSDTlong	+0.0100%	8h	9.0770	long leg	$27.4M	$4.5M	50x
Paradex UNI-USD-PERP	+0.0100%	8h	9.0686	−0.092%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0574	−0.216%	$304K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0765	−0.006%	$32K	—	3x	as long as short
dYdX UNI-USD	+0.0193%	1h	9.0905	+0.149%	$244K	$24K	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.0910	+0.154%	$10.5M	$3.6M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0272%	1h	9.0710	−0.066%	$1.1M	$4.8M	50x	as long as short
Reya UNIRUSDPERP	+0.0367%	1h	9.0625	−0.160%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.0697	−0.081%	$647K	—	120x	as long as short
Kraken Futures PF_UNIUSD	+0.0387%	1h	9.0834	+0.071%	$5.0M	$7.0M	50x	as long as short
Hyperliquid UNI	+0.0516%	1h	9.0700	−0.077%	$99.7M	$58.6M	10x	as long as short
Lighter UNI	+0.0944%	1h	9.0831	+0.067%	$4.7M	$5.5M	15x	as long as short
Aftermath Perps UNIUSD	+0.1064%	1h	9.1267	+0.548%	$939	$49K	10x	as long as short