Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: SoDEX against Bitget−0.200%49s7-day average +0.025% · 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—prices read too far apart to compare

costs, in and out, $10k−$410.413% of the position

Long on Bitget Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.004%$0 on $10k

Price spread, last 3 days (all we have)+0.417%+$42 · spread now −0.200%, 7d avg +0.025%

Together, before fees+0.413%+$41 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 0.226% cheaper against Bitget than usual: you would sell low and buy high, −$23 on $10k if it goes back to its 7-day average of +0.025%. The two prices were read 49 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	Bitget UNIUSDT	9.1300	0.0100	pay 0.0100% / 8h	7h 33m	$33.5M	$42.1M	75x
Short	SoDEX UNI-USD	9.1117	0.0100	get 0.0013% / 1h	33m 20s	$21K	$701K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against Bitget. 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 BitgetbpFee SoDEXbpOrdersPrice spread, now −0.200%Rate

Funding earned: $0
Price spread: −0.200% → +0.025%: −$22.57
Slippage, 4 orders: −$21.34
Fee Bitget: 6 bp × 2 orders: −$12
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$63.91
Costs to cover: 0.413%
Break-even: never at this rate

Slippage from Bitget: live order book, 1 min ago; SoDEX: live order book, 40 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 Bitget live order book, 1 min ago	1.10 bp	12.1 bp −$12	16.1 bp −$161	34.9 bp −$3,491	doesn't fit
Sell SoDEX live order book, 40 min ago	0.56 bp	9.7 bp −$10	27.6 bp −$276	doesn't fit	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
Deribit UNI_USDC-PERPETUAL	0.0000%	1h	9.1126	−0.190%	$587K	$178K	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	9.1323	+0.025%	$38K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−3.286%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0072%	1h	9.1161	−0.152%	$455	—	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.1275	−0.027%	$963K	$4.2M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.1221	−0.087%	$1.0M	$3.4M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.1206	−0.102%	$306K	$583K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.1333	+0.036%	$228.8M	$594.5M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.1280	−0.022%	$103.0M	$107.0M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.1250	−0.055%	$56.2M	$254.7M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus UNI-USD	+0.0100%	1h	9.1290	−0.011%	$271K	$616K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.1330	+0.033%	$23.0M	$58.7M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.1360	+0.066%	$44.8M	$23.8M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.1200	−0.110%	$13.7M	$13.5M	75x	as long as short
Bitget UNIUSDTlong	+0.0100%	8h	9.1300	long leg	$33.5M	$42.1M	75x
BingX UNI-USDT	+0.0100%	8h	9.1290	−0.011%	—	$53.7M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.1098	−0.221%	$1.0M	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.1441	+0.154%	$4.2M	$4.4M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.1283	−0.019%	$172K	$344K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.1100	−0.219%	$644K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.1690	+0.427%	$90K	$708K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.1240	−0.066%	$36K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.1365	+0.071%	$85K	$374K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.1260	−0.044%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.1179	−0.133%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USDshort	+0.0100%	1h	9.1117	−0.200%	$21K	$701K	10x
HTX UNI-USDT	+0.0100%	8h	9.1267	−0.036%	$725K	$4.4M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.1130	−0.186%	$27.5M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.1135	−0.180%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.1234	−0.073%	$305K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.1295	−0.006%	$32K	—	3x	as long as short
dYdX UNI-USD	+0.0139%	1h	9.1246	−0.059%	$252K	$8K	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.1130	−0.186%	$10.2M	$3.5M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0272%	1h	9.1270	−0.033%	$1.1M	$4.9M	50x	as long as short
Reya UNIRUSDPERP	+0.0366%	1h	9.1313	+0.014%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0382% / S −0.0323%	1h	9.1310	+0.011%	$579K	—	120x	as long as short
Kraken Futures PF_UNIUSD	+0.0385%	1h	9.1175	−0.137%	$5.1M	$7.0M	50x	as long as short
Hyperliquid UNI	+0.0509%	1h	9.1479	+0.196%	$100.7M	$60.2M	10x	as long as short
Lighter UNI	+0.0880%	1h	9.1358	+0.064%	$4.6M	$5.3M	15x	as long as short
Aftermath Perps UNIUSD	+0.0919%	1h	9.1413	+0.123%	$1K	$49K	10x	as long as short