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 0.000%

Price spread now: SoDEX against BingX+0.033%7-day average +0.020% · 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−$44as in the Price arb table

costs, in and out, $10k−$450.449% of the position

Long on BingX 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)+0.722%+$72 · spread now +0.033%, 7d avg +0.020%

Together, before fees+0.719%+$72 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX UNI-USDC	9.1100	0.0100	pay 0.0100% / 8h	4h 17m	—	$6.5M	—
Short	SoDEX UNI-USD	9.1130	0.0100	get 0.0013% / 1h	17m 15s	$22K	$791K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against BingX. 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 BingXbpFee SoDEXbpOrdersPrice spread, now +0.033%Rate

Funding earned: $0
Price spread: +0.033% → +0.020%: $1.3
Slippage, 4 orders: −$26.94
Fee BingX: 5 bp × 2 orders: −$10
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$43.65
Costs to cover: 0.449%
Break-even: never at this rate

Slippage from BingX: live order book, 4 min ago; SoDEX: live order book, 41 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 BingX live order book, 4 min ago	1.10 bp	12.3 bp −$12	26.7 bp −$267	79.1 bp −$7,906	645.3 bp −$322.6K
Sell SoDEX live order book, 41 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	9.1097	−0.003%	$37K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−3.074%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0064%	1h	9.1087	−0.014%	$455	$5	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.1035	−0.071%	$971K	$4.4M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.1075	−0.028%	$832K	$3.5M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.1060	−0.044%	$295K	$599K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.1125	+0.027%	$223.9M	$637.6M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.1100	0.000%	$102.4M	$111.0M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.1120	+0.022%	$55.5M	$262.9M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.1160	+0.066%	$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	9.1120	+0.022%	$23.7M	$63.8M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.1110	+0.011%	$48.0M	$25.4M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.1120	+0.022%	$13.6M	$13.2M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.1090	−0.011%	$33.6M	$44.8M	75x	as long as short
BingX UNI-USDClong	+0.0100%	8h	9.1100	long leg	—	$6.5M	—
Backpack UNI_USDC_PERP	+0.0100%	1h	9.1177	+0.085%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.0948	−0.167%	$4.3M	$4.1M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.1106	+0.007%	$172K	$346K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0935	−0.181%	$644K	$2.8M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.1140	+0.044%	$96K	$701K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0930	−0.187%	$15K	$3.4M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.1078	−0.024%	$88K	$427K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.1100	0.000%	$16K	$1.5M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.1126	+0.029%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USDshort	+0.0100%	1h	9.1130	+0.033%	$22K	$791K	10x
HTX UNI-USDT	+0.0100%	8h	9.1134	+0.037%	$733K	$4.7M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.1150	+0.055%	$27.6M	$4.4M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.1026	−0.081%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.1046	−0.059%	$294K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.1100	0.000%	$32K	—	3x	as long as short
dYdX UNI-USD	+0.0144%	1h	9.1054	−0.051%	$240K	$30K	10x	as long as short
Lighter UNI	+0.0200%	1h	9.1247	+0.161%	$4.6M	$5.8M	15x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0220%	1h	9.1155	+0.061%	$584K	$193K	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.1130	+0.033%	$10.3M	$3.6M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0248%	1h	9.1080	−0.022%	$1.1M	$5.7M	50x	as long as short
Kraken Futures PF_UNIUSD	+0.0268%	1h	9.1175	+0.082%	$5.0M	$8.0M	50x	as long as short
Hyperliquid UNI	+0.0356%	1h	9.1241	+0.154%	$98.9M	$62.4M	10x	as long as short
Reya UNIRUSDPERP	+0.0373%	1h	9.1042	−0.064%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.1084	−0.018%	$648K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0938%	1h	9.0958	−0.156%	$937	$46K	10x	as long as short