Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0282%/8h= −30.8% APRpaid last 24h −0.041%

Price spread now: SunX against GMX+0.084%7-day average +0.029% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on GMX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.200%−$20 on $10k

Price spread, last 3 days (all we have)+0.055%+$5 · spread now +0.084%, 7d avg +0.029%

Together, before fees−0.145%−$15 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.055% dearer against GMX than usual: you sell high and buy low (spread +0.084% now, against its 7-day average of +0.029%): +$5 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 16 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX UNI/USD [UNI-USDC]	9.3029	L +0.0382% / S −0.0323%	pay 0.0048% / 1h	26m 04s	$588K	—	120x
Short	SunX UNI-USDT	9.3107	0.0100	get 0.0100% / 8h	7h 26m	$37K	$1.3M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against GMX. 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 GMXbpFee SunXbpOrdersPrice spread, now +0.084%Rate

Funding earned: −$59.14
Price spread: +0.084% → +0.029%: $5.5
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$73.65
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; SunX: live order book, 8 min ago. Net counts fees only.

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 GMX no order-book sample	—	—	—	—	—
Sell SunX live order book, 8 min ago	13.87 bp	17.9 bp −$18	36.6 bp −$366	doesn't fit	doesn't fit

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 −0.0006%	1h	9.3041	+0.013%	$50K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−5.084%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0080%	1h	9.2912	−0.126%	$464	—	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.2945	−0.091%	$1.0M	$4.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.3080	+0.055%	$1.1M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.2778	−0.270%	$309K	$586K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.2959	−0.076%	$233.4M	$597.5M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.2920	−0.117%	$105.0M	$107.7M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.2910	−0.128%	$57.1M	$260.7M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.2900	−0.139%	$276K	$616K	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	9.2960	−0.074%	$23.6M	$59.5M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.3000	−0.031%	$45.3M	$24.0M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.3000	−0.031%	$13.9M	$13.6M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.2900	−0.139%	$34.1M	$42.7M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.2970	−0.064%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.3002	−0.029%	$1.0M	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.2980	−0.053%	$4.2M	$4.4M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.2339	−0.742%	$174K	$343K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.2169	−0.925%	$649K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.2360	−0.719%	$90K	$707K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.2770	−0.279%	$37K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.3024	−0.006%	$82K	$382K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.2980	−0.053%	$16K	$1.7M	10x	as long as short
SunX UNI-USDTshort	+0.0100%	8h	9.3107	+0.084%	$37K	$1.3M	30x
SoDEX UNI-USD	+0.0100%	1h	9.3010	−0.021%	$22K	$719K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.3085	+0.060%	$735K	$4.4M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.3000	−0.031%	$28.0M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.2781	−0.266%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.2930	−0.107%	$311K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.3039	+0.011%	$33K	—	3x	as long as short
dYdX UNI-USD	+0.0113%	1h	9.2785	−0.262%	$244K	$20K	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.2550	−0.515%	$10.3M	$3.6M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0272%	1h	9.3140	+0.119%	$1.1M	$4.9M	50x	as long as short
Reya UNIRUSDPERP	+0.0366%	1h	9.2973	−0.061%	$17K	—	20x	as long as short
Kraken Futures PF_UNIUSD	+0.0377%	1h	9.3089	+0.064%	$5.2M	$7.0M	50x	as long as short
GMX UNI/USD [UNI-USDC]long	L +0.0382% / S −0.0323%	1h	9.3029	long leg	$588K	—	120x
Deribit UNI_USDC-PERPETUAL	+0.0477%	1h	9.3100	+0.076%	$600K	$178K	50x	as long as short
Hyperliquid UNI	+0.0561%	1h	9.3136	+0.115%	$102.7M	$60.7M	10x	as long as short
Aftermath Perps UNIUSD	+0.0964%	1h	9.2260	−0.827%	$1K	$49K	10x	as long as short
Lighter UNI	+0.0992%	1h	9.3189	+0.172%	$4.7M	$5.3M	15x	as long as short