Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0144%/8h= +15.8% APRpaid last 24h +0.090%

Price spread now: GMX against SunX−0.179%7-day average −0.031% · you buy dearer than you sell

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

Long on SunX Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.090%+$9 on $10k

Price spread, last 4 days (all we have)−0.035%−$3 · spread now −0.179%, 7d avg −0.031%

Together, before fees+0.055%+$6 on $10k · with fees, hour by hour

Funding pays, the price is against you. GMX is 0.148% cheaper against SunX than usual: you would sell low and buy high (spread −0.179% now, against its 7-day average of −0.031%). If the spread goes back, that is −$15 on $10k: about 3.4 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX UNI-USDT	8.9512	0.0100	pay 0.0100% / 8h	3h 23m	$37K	$1.4M	30x
Short	GMX UNI/USD [UNI-USDC]	8.9352	L +0.0381% / S −0.0244%	get 0.0030% / 1h	23m 39s	$636K	—	120x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −0.179%Rate

Funding earned: $30.22
Price spread: −0.179% → −0.031%: −$14.83
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee GMX: 6 bp × 2 orders: −$12
Net: −$4.61
Costs to cover: 0.200%
Break-even: 8.1 days

Slippage unknown: SunX: live order book, 11 min ago; GMX: 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	13.30 bp	17.4 bp −$17	34.5 bp −$345	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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
01 Exchange UNIUSD	0.0000%	1h	8.9381	−0.146%	$446	$5	10x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0007%	1h	8.9346	−0.186%	$49K	—	150x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0030%	1h	8.9355	−0.175%	$573K	$208K	50x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−1.354%	$660	$154K	12x	as long as short
Lighter UNI	+0.0096%	1h	8.9398	−0.127%	$4.5M	$5.9M	15x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.9262	−0.280%	$25K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.9325	−0.209%	$967K	$4.5M	10x	as long as short
Hyperliquid UNI	+0.0100%	1h	8.9374	−0.154%	$95.1M	$64.0M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.9300	−0.237%	$781K	$3.6M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.9284	−0.255%	$290K	$608K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance UNIUSDT	+0.0100%	8h	8.9258	−0.283%	$220.3M	$647.0M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	8.9210	−0.337%	$100.1M	$111.8M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	8.9220	−0.326%	$54.5M	$260.2M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.9390	−0.136%	$317K	$661K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.9260	−0.282%	$23.9M	$64.0M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.9240	−0.304%	$47.7M	$26.1M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.9290	−0.248%	$13.2M	$13.3M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.9230	−0.315%	$33.1M	$45.4M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	8.9240	−0.304%	—	$56.6M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.9309	−0.227%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	8.9508	−0.004%	$4.2M	$4.2M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.9522	+0.011%	$169K	$344K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.9680	+0.188%	$623K	$2.8M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.9600	+0.098%	$92K	$702K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.9600	+0.098%	$15K	$3.4M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.9361	−0.169%	$86K	$437K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.9330	−0.203%	$16K	$1.4M	10x	as long as short
SunX UNI-USDTlong	+0.0100%	8h	8.9512	long leg	$37K	$1.4M	30x
SoDEX UNI-USD	+0.0100%	1h	8.9280	−0.259%	$31K	$818K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.9500	−0.013%	$700K	$4.9M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.9310	−0.226%	$27.0M	$4.4M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.9185	−0.365%	$284K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.9318	−0.216%	$32K	—	3x	as long as short
Coinbase International UNI-PERP-INTX	+0.0216%	1h	8.9560	+0.054%	$933K	$5.8M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.9490	−0.025%	$10.2M	$3.5M	75x	as long as short
Kraken Futures PF_UNIUSD	+0.0272%	1h	8.9341	−0.192%	$4.9M	$8.1M	50x	as long as short
dYdX UNI-USD	+0.0276%	1h	8.9263	−0.278%	$235K	$30K	10x	as long as short
Reya UNIRUSDPERP	+0.0375%	1h	8.9315	−0.220%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]short	L +0.0381% / S −0.0244%	1h	8.9352	−0.179%	$636K	—	120x
Aftermath Perps UNIUSD	+0.0782%	1h	8.9674	+0.181%	$948	$45K	10x	as long as short