Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0094%/8h= −10.3% APRpaid last 24h −0.029%

Price spread now: gTrade (Gains Network) against SunX−0.248%7-day average — · you buy dearer than you sell

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

Long on SunX Short on gTrade (Gains Network)

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

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.248% cheaper against SunX than usual: you would sell low and buy high (−$25 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX UNI-USDT	9.1216	0.0100	pay 0.0100% / 8h	7h 03m	$37K	$1.3M	30x
Short	gTrade (Gains Network) UNI/USD	9.0990	L +0.0004% / S −0.0006%	get 0.0001% / 1h	3m 10s	$24K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.248%Rate

Funding earned: −$19.67
Price spread: −0.248% → 0.000%: −$24.79
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$62.46
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 11 min ago; gTrade (Gains Network): no order-book sample. 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 SunX live order book, 11 min ago	48.87 bp	53.3 bp −$53	76.6 bp −$766	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

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
Deribit UNI_USDC-PERPETUAL	0.0000%	1h	9.1013	−0.223%	$588K	$186K	50x	as long as short
gTrade (Gains Network) UNI/USDshort	L +0.0004% / S −0.0006%	1h	9.0990	−0.248%	$24K	—	150x
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−3.197%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0096%	1h	9.1210	−0.007%	$455	—	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.1095	−0.133%	$975K	$4.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.1152	−0.071%	$1.0M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.1118	−0.108%	$302K	$586K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.0865	−0.384%	$230.7M	$600.3M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.0850	−0.401%	$102.3M	$107.2M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.0760	−0.500%	$56.3M	$253.6M	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	9.1130	−0.094%	$281K	$618K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.0970	−0.270%	$23.2M	$60.8M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0890	−0.357%	$50.7M	$25.3M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0960	−0.281%	$13.7M	$13.6M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0800	−0.456%	$33.4M	$42.7M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	9.0800	−0.456%	—	$57.0M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.0828	−0.425%	$998K	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.0908	−0.337%	$4.1M	$4.4M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.1361	+0.159%	$172K	$345K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.1234	+0.019%	$639K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.1040	−0.193%	$89K	$708K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.1430	+0.235%	$56K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.1173	−0.047%	$85K	$390K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.1000	−0.237%	$16K	$1.7M	10x	as long as short
SunX UNI-USDTlong	+0.0100%	8h	9.1216	long leg	$37K	$1.3M	30x
SoDEX UNI-USD	+0.0100%	1h	9.0950	−0.292%	$26K	$711K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.1120	−0.105%	$722K	$4.4M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.0890	−0.357%	$27.4M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.1081	−0.148%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0939	−0.304%	$305K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0960	−0.280%	$32K	—	3x	as long as short
dYdX UNI-USD	+0.0190%	1h	9.1104	−0.123%	$244K	$24K	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.0910	−0.335%	$10.5M	$3.6M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0272%	1h	9.1100	−0.127%	$1.1M	$4.8M	50x	as long as short
Reya UNIRUSDPERP	+0.0367%	1h	9.1099	−0.128%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0323%	1h	9.0976	−0.263%	$576K	—	120x	as long as short
Kraken Futures PF_UNIUSD	+0.0386%	1h	9.0959	−0.282%	$5.0M	$7.0M	50x	as long as short
Hyperliquid UNI	+0.0523%	1h	9.1259	+0.047%	$100.4M	$58.5M	10x	as long as short
Lighter UNI	+0.0944%	1h	9.1087	−0.141%	$4.7M	$5.4M	15x	as long as short
Aftermath Perps UNIUSD	+0.1047%	1h	9.1363	+0.161%	$952	$49K	10x	as long as short