Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h +0.160%

Price spread now: Injective against SunX−3.980%61s7-day average +0.077% · you buy dearer than you sell

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

Long on SunX Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.553%−$55 on $10k

Price spread, last 4 days (all we have)+3.375%+$338 · spread now −3.980%, 7d avg +0.077%

Together, before fees+2.822%+$282 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 4.057% cheaper against SunX than usual: you would sell low and buy high (−$406 if the spread goes back to its 7-day average of +0.077%). Swap the legs. The two prices were read 61 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX UNI-USDT	9.1960	0.0100	pay 0.0100% / 8h	5h 11m	$37K	$1.3M	30x
Short	Injective UNI/USDC PERP	8.8300	0.0033	get 0.0004% / 1h	11m 29s	$660	$154K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −3.980%Rate

Funding earned: −$14
Price spread: −3.980% → +0.077%: −$405.71
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$427.73
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 3 min ago; Injective: 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, 3 min ago	13.83 bp	17.8 bp −$18	34.5 bp −$345	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0006%	1h	9.2027	+0.073%	$49K	—	150x	as long as short
Injective UNI/USDC PERPshort	+0.0033%	1h	8.8300	−3.980%	$660	$154K	12x
01 Exchange UNIUSD	+0.0056%	1h	9.1881	−0.086%	$458	$5	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.1870	−0.098%	$957K	$4.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.1782	−0.194%	$1.0M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.1666	−0.319%	$298K	$573K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.2038	+0.085%	$228.5M	$621.8M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.2000	+0.043%	$103.5M	$109.9M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.2000	+0.043%	$56.9M	$258.7M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.1860	−0.109%	$291K	$618K	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	9.1980	+0.022%	$23.6M	$61.9M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.1970	+0.011%	$49.5M	$25.3M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.1990	+0.033%	$13.8M	$13.0M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.1900	−0.065%	$33.7M	$43.4M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	9.1990	+0.033%	—	$56.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.1705	−0.277%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.2057	+0.106%	$4.3M	$4.2M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.1978	+0.020%	$173K	$343K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.1893	−0.073%	$642K	$2.7M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.2110	+0.163%	$90K	$694K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.1890	−0.076%	$56K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.1947	−0.014%	$88K	$419K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.2010	+0.054%	$16K	$1.7M	10x	as long as short
SunX UNI-USDTlong	+0.0100%	8h	9.1960	long leg	$37K	$1.3M	30x
SoDEX UNI-USD	+0.0100%	1h	9.1944	−0.017%	$22K	$772K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.2020	+0.065%	$723K	$4.5M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.1830	−0.141%	$27.8M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.1552	−0.443%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.1657	−0.330%	$312K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.1930	−0.033%	$33K	—	3x	as long as short
dYdX UNI-USD	+0.0121%	1h	9.1635	−0.354%	$241K	$31K	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.1920	−0.043%	$10.4M	$3.6M	75x	as long as short
Kraken Futures PF_UNIUSD	+0.0267%	1h	9.1997	+0.040%	$5.1M	$7.7M	50x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0289%	1h	9.1966	+0.007%	$589K	$193K	50x	as long as short
Coinbase International UNI-PERP-INTX	+0.0296%	1h	9.1920	−0.043%	$1.1M	$5.4M	50x	as long as short
Reya UNIRUSDPERP	+0.0371%	1h	9.1896	−0.070%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.2008	+0.052%	$654K	—	120x	as long as short
Hyperliquid UNI	+0.0550%	1h	9.2070	+0.120%	$100.4M	$61.7M	10x	as long as short
Lighter UNI	+0.0576%	1h	9.1794	−0.181%	$4.7M	$5.8M	15x	as long as short
Aftermath Perps UNIUSD	+0.1005%	1h	9.2050	+0.098%	$893	$47K	10x	as long as short