Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: SoDEX against SunX−0.147%7-day average −0.064% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$65as in the Price arb table

costs, in and out, $10k−$570.567% of the position

Long on SunX Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.042%+$4 · spread now −0.147%, 7d avg −0.064%

Together, before fees+0.042%+$4 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SoDEX is 0.083% cheaper against SunX than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.064%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX UNI-USDT	9.0382	0.0100	pay 0.0100% / 8h	3h 46m	$37K	$1.3M	30x
Short	SoDEX UNI-USD	9.0249	0.0100	get 0.0013% / 1h	46m 34s	$22K	$801K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.147%Rate

Funding earned: $0
Price spread: −0.147% → −0.064%: −$8.35
Slippage, 4 orders: −$40.67
Fee SunX: 4 bp × 2 orders: −$8
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$65.02
Costs to cover: 0.567%
Break-even: never at this rate

Slippage from SunX: live order book, 8 min ago; SoDEX: live order book, 7 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, 8 min ago	13.82 bp	17.8 bp −$18	34.5 bp −$345	doesn't fit	doesn't fit
Sell SoDEX live order book, 7 min ago	0.55 bp	10.3 bp −$10	27.5 bp −$275	132.8 bp −$13.3K	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	9.0307	−0.083%	$37K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−2.304%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0072%	1h	9.0252	−0.144%	$450	$5	10x	as long as short
Lighter UNI	+0.0096%	1h	9.0413	+0.034%	$4.6M	$5.8M	15x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.0215	−0.185%	$971K	$4.4M	10x	as long as short
Hyperliquid UNI	+0.0100%	1h	9.0451	+0.076%	$97.7M	$62.2M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.0390	+0.009%	$813K	$3.5M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.0322	−0.066%	$293K	$605K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.0250	−0.146%	$221.9M	$641.1M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.0220	−0.179%	$101.4M	$111.4M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX UNI-USDT-SWAP	+0.0100%	8h	9.0240	−0.157%	$54.9M	$261.1M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.0340	−0.046%	$315K	$653K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.0280	−0.113%	$23.7M	$63.4M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0300	−0.091%	$47.4M	$25.5M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0290	−0.102%	$13.5M	$13.2M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0280	−0.113%	$33.3M	$45.2M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	9.0280	−0.113%	—	$56.6M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.0320	−0.069%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.0039	−0.379%	$4.2M	$4.1M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.0228	−0.170%	$170K	$346K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0227	−0.172%	$639K	$2.8M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0260	−0.135%	$95K	$702K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0300	−0.091%	$15K	$3.4M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.0296	−0.095%	$86K	$431K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.0290	−0.102%	$16K	$1.5M	10x	as long as short
SunX UNI-USDTlong	+0.0100%	8h	9.0382	long leg	$37K	$1.3M	30x
SoDEX UNI-USDshort	+0.0100%	1h	9.0249	−0.147%	$22K	$801K	10x
HTX UNI-USDT	+0.0100%	8h	9.0526	+0.159%	$723K	$4.8M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.0280	−0.113%	$27.3M	$4.4M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.0235	−0.163%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0214	−0.186%	$291K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0259	−0.136%	$32K	—	3x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0168%	1h	9.0305	−0.085%	$579K	$207K	50x	as long as short
Coinbase International UNI-PERP-INTX	+0.0216%	1h	9.0320	−0.069%	$945K	$5.8M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.0270	−0.124%	$10.3M	$3.6M	75x	as long as short
Kraken Futures PF_UNIUSD	+0.0269%	1h	9.0304	−0.086%	$5.0M	$8.0M	50x	as long as short
Reya UNIRUSDPERP	+0.0374%	1h	9.0252	−0.144%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.0287	−0.106%	$643K	—	120x	as long as short
dYdX UNI-USD	+0.0393%	1h	9.0312	−0.077%	$238K	$30K	10x	as long as short
Aftermath Perps UNIUSD	+0.0873%	1h	9.0388	+0.006%	$1K	$45K	10x	as long as short