Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.003%

Price spread now: SoDEX against Binance+0.052%7-day average −0.017% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$320.321% of the position

Long on Binance Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.003%$0 on $10k

Price spread, last 4 days (all we have)+0.379%+$38 · spread now +0.052%, 7d avg −0.017%

Together, before fees+0.382%+$38 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 0.069% dearer against Binance than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.017%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance UNIUSDT	9.0823	0.0100	pay 0.0100% / 8h	4h 14m	$223.2M	$637.9M	75x
Short	SoDEX UNI-USD	9.0870	0.0100	get 0.0013% / 1h	14m 50s	$22K	$791K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against Binance. 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 BinancebpFee SoDEXbpOrdersPrice spread, now +0.052%Rate

Funding earned: $0
Price spread: +0.052% → −0.017%: $6.89
Slippage, 4 orders: −$14.07
Fee Binance: 5 bp × 2 orders: −$10
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$25.19
Costs to cover: 0.321%
Break-even: never at this rate

Slippage from Binance: live order book, 14 min ago; SoDEX: live order book, 44 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 Binance live order book, 14 min ago	0.55 bp	6.0 bp −$6	13.6 bp −$136	47.3 bp −$4,729	188.1 bp −$94.0K
Sell SoDEX live order book, 44 min ago	0.60 bp	9.9 bp −$10	27.7 bp −$277	139.7 bp −$14.0K	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	9.0866	+0.048%	$37K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−2.778%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0064%	1h	9.0947	+0.137%	$454	$5	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.0895	+0.079%	$970K	$4.4M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.0897	+0.081%	$824K	$3.5M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.0855	+0.036%	$294K	$599K	10x	as long as short
Binance UNIUSDTlong	+0.0100%	8h	9.0823	long leg	$223.2M	$637.9M	75x
Bybit UNIUSDT	+0.0100%	8h	9.0800	−0.025%	$102.0M	$111.1M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.0860	+0.041%	$55.3M	$262.2M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.1010	+0.206%	$315K	$651K	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	9.0800	−0.025%	$23.7M	$63.9M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0830	+0.008%	$47.9M	$25.4M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0800	−0.025%	$13.6M	$13.2M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0840	+0.019%	$33.5M	$44.8M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	9.0810	−0.014%	—	$56.6M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.0940	+0.129%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.0759	−0.070%	$4.3M	$4.1M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.1010	+0.206%	$172K	$346K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.1058	+0.259%	$645K	$2.8M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.1050	+0.250%	$96K	$701K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0880	+0.063%	$15K	$3.4M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.0899	+0.084%	$86K	$429K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.0880	+0.063%	$16K	$1.5M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.0987	+0.181%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USDshort	+0.0100%	1h	9.0870	+0.052%	$22K	$791K	10x
HTX UNI-USDT	+0.0100%	8h	9.0908	+0.094%	$731K	$4.7M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.0910	+0.096%	$27.5M	$4.4M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.0886	+0.070%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0763	−0.066%	$293K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0895	+0.080%	$32K	—	3x	as long as short
dYdX UNI-USD	+0.0152%	1h	9.0823	0.000%	$239K	$30K	10x	as long as short
Lighter UNI	+0.0216%	1h	9.1027	+0.225%	$4.6M	$5.8M	15x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.0820	−0.003%	$10.2M	$3.6M	75x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0223%	1h	9.0939	+0.128%	$583K	$193K	50x	as long as short
Coinbase International UNI-PERP-INTX	+0.0248%	1h	9.0830	+0.008%	$1.0M	$5.8M	50x	as long as short
Kraken Futures PF_UNIUSD	+0.0269%	1h	9.0919	+0.106%	$5.0M	$8.0M	50x	as long as short
Hyperliquid UNI	+0.0353%	1h	9.0980	+0.173%	$98.6M	$62.5M	10x	as long as short
Reya UNIRUSDPERP	+0.0373%	1h	9.0792	−0.034%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.0875	+0.057%	$647K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0947%	1h	9.0929	+0.116%	$936	$46K	10x	as long as short