Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0043%/8h= +4.7% APRpaid last 24h −0.007%

Price spread now: Deribit against SunX+0.151%7-day average −0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$71as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$590.587% of the position

Long on SunX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.120%−$12 on $10k

Price spread, last 3 days (all we have)−0.168%−$17 · spread now +0.151%, 7d avg −0.007%

Together, before fees−0.288%−$29 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Deribit is 0.158% dearer against SunX than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of −0.007%. Mind the row above: over the last 7 days funding on this pair cost −0.120%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX UNI-USDT	9.1209	0.0100	pay 0.0100% / 8h	7h 33m	$37K	$1.3M	30x
Short	Deribit UNI_USDC-PERPETUAL	9.1347	0.0143	get 0.0018% / 1h	33m 14s	$589K	$178K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against SunX. 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 SunXbpFee DeribitbpOrdersPrice spread, now +0.151%Rate

Funding earned: $9.03
Price spread: +0.151% → −0.007%: $15.83
Slippage, 4 orders: −$43.74
Fee SunX: 4 bp × 2 orders: −$8
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$33.88
Costs to cover: 0.587%
Break-even: 33.3 days

Slippage from SunX: live order book, 11 min ago; Deribit: live order book, 41 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 SunX live order book, 11 min ago	12.74 bp	16.9 bp −$17	34.5 bp −$345	doesn't fit	doesn't fit
Sell Deribit live order book, 41 min ago	7.01 bp	12.7 bp −$13	23.5 bp −$235	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	9.1323	+0.125%	$38K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−3.189%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0072%	1h	9.1161	−0.053%	$455	—	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.1275	+0.072%	$963K	$4.2M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.1396	+0.205%	$1.0M	$3.4M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.1206	−0.003%	$306K	$583K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.1523	+0.344%	$229.3M	$594.6M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.1520	+0.341%	$103.3M	$107.0M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.1530	+0.352%	$56.1M	$255.5M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.1290	+0.089%	$271K	$616K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate UNI_USDT	+0.0100%	8h	9.1330	+0.133%	$23.0M	$58.7M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.1530	+0.352%	$44.9M	$23.8M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.1330	+0.133%	$13.7M	$13.5M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.1610	+0.440%	$33.6M	$42.1M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.1290	+0.089%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.1098	−0.122%	$1.0M	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.1441	+0.254%	$4.2M	$4.4M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.1283	+0.081%	$172K	$344K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.1100	−0.120%	$644K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.1690	+0.527%	$90K	$708K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.1240	+0.034%	$36K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.1365	+0.171%	$85K	$374K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.1260	+0.056%	$16K	$1.7M	10x	as long as short
SunX UNI-USDTlong	+0.0100%	8h	9.1209	long leg	$37K	$1.3M	30x
SoDEX UNI-USD	+0.0100%	1h	9.1290	+0.089%	$21K	$707K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.1480	+0.297%	$726K	$4.4M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.1320	+0.122%	$27.5M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.1135	−0.081%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.1234	+0.027%	$305K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.1295	+0.094%	$32K	—	3x	as long as short
dYdX UNI-USD	+0.0139%	1h	9.1246	+0.041%	$252K	$8K	10x	as long as short
Deribit UNI_USDC-PERPETUALshort	+0.0143%	1h	9.1347	+0.151%	$589K	$178K	50x
BloFin UNI-USDT	+0.0220%	8h	9.1290	+0.089%	$10.3M	$3.5M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0272%	1h	9.1440	+0.253%	$1.1M	$4.9M	50x	as long as short
Reya UNIRUSDPERP	+0.0366%	1h	9.1313	+0.114%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0382% / S −0.0323%	1h	9.1310	+0.111%	$579K	—	120x	as long as short
Kraken Futures PF_UNIUSD	+0.0384%	1h	9.1375	+0.182%	$5.1M	$7.0M	50x	as long as short
Hyperliquid UNI	+0.0509%	1h	9.1479	+0.296%	$100.7M	$60.2M	10x	as long as short
Lighter UNI	+0.0880%	1h	9.1476	+0.293%	$4.6M	$5.3M	15x	as long as short
Aftermath Perps UNIUSD	+0.0919%	1h	9.1413	+0.223%	$1K	$49K	10x	as long as short