Settings8H · net · $10k
Funding arb · Price arb /

UNI

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0067%/8h= +7.3% APRnext payment +$0.08 per $10,000 · paid last 24h −0.159%
Price spread now: SoDEX against Injective+2.911%7-day average −0.111% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.271%−$27 on $10k
Price spread, last 4 days (all we have)−2.757%−$276 · spread now +2.911%, 7d avg −0.111%
Together, before fees−3.028%−$303 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and SoDEX is 3.021% dearer against Injective than usual: you sell high and buy low: +$302 more if the spread goes back to its 7-day average of −0.111%. Mind the row above: over the last 3 days funding on this pair cost −0.271%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective UNI/USDC PERP8.83000.0033pay 0.0004% / 1h15m 07s$660$154K12x
ShortSoDEX UNI-USD9.08700.0100get 0.0013% / 1h15m 07s$22K$791K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX against Injective. 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

Funding earned
$14
Price spread: +2.911% → −0.111%
$302.11
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee SoDEX: 4 bp × 2 orders
−$8
Net
$308.09
Costs to cover
0.080%
Break-even
from the start
Slippage unknown: Injective: no order-book sample; SoDEX: live order book, 44 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Injective no order-book sample
Sell SoDEX live order book, 44 min ago0.60 bp9.9 bp −$1027.7 bp −$277139.7 bp −$14.0Kdoesn't fit
Injective: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) UNI/USDL +0.0004% / S −0.0004%1h9.0866+2.906%$37K150xas long as short
Injective UNI/USDC PERPlong+0.0033%1h8.8300long leg$660$154K12x
01 Exchange UNIUSD+0.0064%1h9.0947+2.998%$454$510xas long as short
Nado UNI-PERP+0.0100%1h9.0895+2.939%$970K$4.4M10xas long as short
Aster UNIUSDT+0.0100%8h9.0899+2.943%$824K$3.5M50xas long as short
Pacifica UNI+0.0100%1h9.0855+2.894%$294K$599K10xas long as short
Binance UNIUSDT+0.0100%8h9.0887+2.930%$223.3M$637.9M75xas long as short
Bybit UNIUSDT+0.0100%8h9.0780+2.809%$101.9M$111.1M75xas long as short
OKX UNI-USDT-SWAP+0.0100%8h9.0790+2.820%$55.3M$261.9M50xas long as short
Arcus UNI-USD+0.0100%1h9.1010+3.069%$315K$651K10xas long as short
Show all 40 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate UNI_USDT+0.0100%8h9.0890+2.933%$23.7M$63.9M75xas long as short
MEXC UNI_USDT+0.0100%8h9.0890+2.933%$47.9M$25.4M200xas long as short
KuCoin UNIUSDTM+0.0100%8h9.0880+2.922%$13.6M$13.2M75xas long as short
Bitget UNIUSDT+0.0100%8h9.0840+2.877%$33.5M$44.8M75xas long as short
BingX UNI-USDC+0.0100%8h9.0870+2.911%$6.5Mas long as short
Backpack UNI_USDC_PERP+0.0100%1h9.0940+2.990%$1.0M$2.3M10xas long as short
Variational Omni UNI+0.0100%8h9.0759+2.785%$4.3M$4.1Mas long as short
edgeX UNIUSDC+0.0100%4h9.1010+3.069%$172K$346K20xas long as short
GRVT UNI_USDT_Perp+0.0100%8h9.1058+3.123%$645K$2.8M10xas long as short
ApeX Omni UNIUSDT+0.0100%1h9.1050+3.114%$96K$701K50xas long as short
StandX UNI-USD+0.0100%1h9.0880+2.922%$15K$3.4M20xas long as short
Polymarket Perps UNI-USD+0.0100%1h9.0899+2.943%$86K$429K10xas long as short
Orderly PERP_UNI_USDC+0.0100%8h9.0880+2.922%$16K$1.5M10xas long as short
SunX UNI-USDT+0.0100%8h9.0987+3.043%$37K$1.3M30xas long as short
SoDEX UNI-USDshort+0.0100%1h9.0870+2.911%$22K$791K10x
HTX UNI-USDT+0.0100%8h9.0908+2.954%$731K$4.7M75xas long as short
Phemex UNIUSDT+0.0100%8h9.0910+2.956%$27.5M$4.4M50xas long as short
Paradex UNI-USD-PERP+0.0100%8h9.0886+2.929%$26K20xas long as short
Extended UNI-USD+0.0104%1h9.0850+2.888%$293K$1.6M25xas long as short
Aevo UNI-PERP+0.0104%1h9.0895+2.939%$32K3xas long as short
dYdX UNI-USD+0.0152%1h9.0823+2.857%$239K$30K10xas long as short
Lighter UNI+0.0216%1h9.1027+3.088%$4.6M$5.8M15xas long as short
BloFin UNI-USDT+0.0220%8h9.0820+2.854%$10.2M$3.6M75xas long as short
Deribit UNI_USDC-PERPETUAL+0.0223%1h9.0939+2.989%$583K$193K50xas long as short
Coinbase International UNI-PERP-INTX+0.0248%1h9.0830+2.865%$1.0M$5.8M50xas long as short
Kraken Futures PF_UNIUSD+0.0269%1h9.0919+2.967%$5.0M$8.0M50xas long as short
Hyperliquid UNI+0.0354%1h9.0997+3.054%$98.6M$62.5M10xas long as short
Reya UNIRUSDPERP+0.0373%1h9.0792+2.822%$17K20xas long as short
GMX UNI/USD [UNI-USDC]L +0.0381% / S −0.0244%1h9.0875+2.916%$647K120xas long as short
Aftermath Perps UNIUSD+0.0947%1h9.0929+2.977%$936$46K10xas long as short