Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against Gate+0.046%7-day average +0.068% · you sell dearer than you buy

Net, funding: paid 7d − costs−$52as in the Funding arb table

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

costs, in and out, $10k−$630.633% of the position

Long on Gate Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.114%+$11 on $10k

Price spread, last 3 days (all we have)+0.327%+$33 · spread now +0.046%, 7d avg +0.068%

Together, before fees+0.441%+$44 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: SunX is 0.022% cheaper against Gate than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.068%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate UNI_USDT	8.8880	0.0100	pay 0.0100% / 8h	1h 20m	$23.1M	$58.7M	75x
Short	SunX UNI-USDT	8.8921	0.0100	get 0.0100% / 8h	1h 20m	$36K	$1.3M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Gate. 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 GatebpFee SunXbpOrdersPrice spread, now +0.046%Rate

Funding earned: $0
Price spread: +0.046% → +0.068%: −$2.21
Slippage, 4 orders: −$40.25
Fee Gate: 7.5 bp × 2 orders: −$15
Fee SunX: 4 bp × 2 orders: −$8
Net: −$65.46
Costs to cover: 0.633%
Break-even: never at this rate

Slippage from Gate: live order book, 3 min ago; SunX: live order book, 4 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 Gate live order book, 3 min ago	0.56 bp	13.4 bp −$13	21.1 bp −$211	40.2 bp −$4,022	64.2 bp −$32.1K
Sell SunX live order book, 4 min ago	13.87 bp	17.9 bp −$18	35.8 bp −$358	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
Variational Omni UNI	−0.0057%	8h	8.8474	−0.457%	$3.9M	$4.5M	—	as long as short
Bybit UNIUSDT	−0.0002%	8h	8.8840	−0.045%	$101.3M	$104.6M	75x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	8.8899	+0.021%	$62K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−0.653%	$660	$155K	12x	as long as short
OKX UNI-USDT-SWAP	+0.0046%	8h	8.8830	−0.056%	$55.0M	$245.0M	50x	as long as short
01 Exchange UNIUSD	+0.0056%	1h	8.8927	+0.053%	$444	—	10x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0071%	1h	8.8933	+0.060%	$565K	$157K	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8818	−0.070%	$25K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.8832	−0.053%	$941K	$4.0M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.8895	+0.017%	$1.0M	$3.3M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica UNI	+0.0100%	1h	8.8882	+0.002%	$298K	$570K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.8868	−0.014%	$218.0M	$588.4M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.8940	+0.068%	$283K	$615K	10x	as long as short
Gate UNI_USDTlong	+0.0100%	8h	8.8880	long leg	$23.1M	$58.7M	75x
MEXC UNI_USDT	+0.0100%	8h	8.8860	−0.023%	$42.9M	$24.5M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.8870	−0.011%	$13.6M	$13.7M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8850	−0.034%	$32.2M	$41.4M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	8.8860	−0.023%	—	$51.7M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8902	+0.025%	$987K	$2.3M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8599	−0.316%	$167K	$343K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8775	−0.118%	$626K	$2.5M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8740	−0.158%	$88K	$712K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8880	0.000%	$106K	$3.2M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.8871	−0.010%	$86K	$354K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8860	−0.023%	$16K	$1.7M	10x	as long as short
SunX UNI-USDTshort	+0.0100%	8h	8.8921	+0.046%	$36K	$1.3M	30x
SoDEX UNI-USD	+0.0100%	1h	8.8890	+0.011%	$25K	$666K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.8930	+0.056%	$729K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8870	−0.011%	$26.7M	$4.4M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8838	−0.048%	$301K	$1.4M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8895	+0.017%	$32K	$1K	3x	as long as short
dYdX UNI-USD	+0.0135%	1h	8.8884	+0.004%	$246K	$6K	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.8900	+0.023%	$9.9M	$3.4M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0224%	1h	8.8970	+0.101%	$1.1M	$5.3M	50x	as long as short
Kraken Futures PF_UNIUSD	+0.0340%	1h	8.8945	+0.073%	$5.0M	$7.0M	50x	as long as short
Hyperliquid UNI	+0.0344%	1h	8.9031	+0.170%	$97.7M	$59.1M	10x	as long as short
Reya UNIRUSDPERP	+0.0362%	1h	8.8798	−0.092%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0379% / S −0.0319%	1h	8.8893	+0.015%	$557K	—	120x	as long as short
Lighter UNI	+0.0592%	1h	8.9059	+0.201%	$4.6M	$5.2M	15x	as long as short
Aftermath Perps UNIUSD	+0.0625%	1h	8.8682	−0.222%	$1K	$49K	10x	as long as short