Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.003%

Price spread now: Binance against SoDEX+0.026%7-day average +0.017% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$320.320% of the position

Long on SoDEX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.005%−$1 on $10k

Price spread, last 4 days (all we have)−0.219%−$22 · spread now +0.026%, 7d avg +0.017%

Together, before fees−0.225%−$22 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX UNI-USD	9.0254	0.0100	pay 0.0013% / 1h	2m 07s	$32K	$886K	10x
Short	Binance UNIUSDT	9.0277	0.0100	get 0.0100% / 8h	2h 02m	$219.2M	$659.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against SoDEX. 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 SoDEXbpFee BinancebpOrdersPrice spread, now +0.026%Rate

Funding earned: $0
Price spread: +0.026% → +0.017%: $0.85
Slippage, 4 orders: −$14.01
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$31.16
Costs to cover: 0.320%
Break-even: never at this rate

Slippage from SoDEX: live order book, 47 min ago; Binance: live order book, 12 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 SoDEX live order book, 47 min ago	0.62 bp	9.9 bp −$10	28.7 bp −$287	135.7 bp −$13.6K	doesn't fit
Sell Binance live order book, 12 min ago	0.55 bp	7.2 bp −$7	12.5 bp −$125	44.0 bp −$4,399	160.6 bp −$80.3K

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
Kraken Futures PF_UNIUSD	−0.0017%	1h	9.0290	+0.040%	$4.8M	$8.6M	50x	as long as short
Nado UNI-PERP	−0.0009%	1h	9.0355	+0.112%	$782K	$4.7M	10x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0007%	1h	9.0282	+0.031%	$49K	—	150x	as long as short
01 Exchange UNIUSD	+0.0008%	1h	9.0407	+0.170%	$451	$5	10x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−2.165%	$660	$153K	12x	as long as short
Polymarket Perps UNI-USD	+0.0081%	1h	9.0328	+0.082%	$126K	$583K	10x	as long as short
Lighter UNI	+0.0096%	1h	9.0391	+0.152%	$4.6M	$5.6M	15x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0099%	1h	9.0296	+0.047%	$595K	$247K	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.0296	+0.047%	$26K	—	20x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.0321	+0.074%	$748K	$3.6M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica UNI	+0.0100%	1h	9.0357	+0.114%	$291K	$592K	10x	as long as short
Binance UNIUSDTshort	+0.0100%	8h	9.0277	+0.026%	$219.2M	$659.0M	75x
Bybit UNIUSDT	+0.0100%	8h	9.0260	+0.007%	$100.5M	$112.4M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.0260	+0.007%	$54.9M	$269.0M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.0440	+0.206%	$323K	$705K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.0320	+0.073%	$24.8M	$66.9M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0330	+0.084%	$49.8M	$27.2M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0270	+0.018%	$13.2M	$13.4M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0270	+0.018%	$33.2M	$45.9M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	9.0270	+0.018%	—	$57.2M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.0337	+0.092%	$1.1M	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.0319	+0.072%	$4.2M	$4.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.0356	+0.113%	$171K	$346K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0060	−0.215%	$624K	$2.7M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0360	+0.117%	$91K	$709K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0310	+0.062%	$15K	$3.5M	20x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.0220	−0.038%	$17K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.0409	+0.172%	$37K	$1.4M	30x	as long as short
SoDEX UNI-USDlong	+0.0100%	1h	9.0254	long leg	$32K	$886K	10x
HTX UNI-USDT	+0.0100%	8h	9.0328	+0.082%	$710K	$5.0M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.0250	−0.004%	$27.2M	$4.5M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0203	−0.056%	$300K	$1.7M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0256	+0.003%	$32K	—	3x	as long as short
dYdX UNI-USD	+0.0143%	1h	9.0343	+0.098%	$238K	$31K	10x	as long as short
Coinbase International UNI-PERP-INTX	+0.0184%	1h	9.0350	+0.106%	$942K	$5.7M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.0310	+0.062%	$10.1M	$3.7M	75x	as long as short
Hyperliquid UNI	+0.0242%	1h	9.0403	+0.165%	$97.1M	$66.6M	10x	as long as short
Reya UNIRUSDPERP	+0.0377%	1h	9.0332	+0.087%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0243%	1h	9.0281	+0.030%	$643K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0464%	1h	9.0185	−0.077%	$988	$54K	10x	as long as short