Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h −0.169%

Price spread now: SunX against Injective+2.199%61s7-day average −0.127% · you sell dearer than you buy

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

Long on Injective Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.558%+$56 on $10k

Price spread, last 3 days (all we have)−2.132%−$213 · spread now +2.199%, 7d avg −0.127%

Together, before fees−1.574%−$157 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 SunX is 2.327% dearer against Injective than usual: you sell high and buy low: +$233 more if the spread goes back to its 7-day average of −0.127%. The two prices were read 61 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	Injective UNI/USDC PERP	8.8300	0.0033	pay 0.0004% / 1h	44m 11s	$660	$154K	12x
Short	SunX UNI-USDT	9.0242	0.0100	get 0.0100% / 8h	6h 44m	$36K	$1.3M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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

Position, each leg$Hold fordaysFee InjectivebpFee SunXbpOrdersPrice spread, now +2.199%Rate

Funding earned: $14
Price spread: +2.199% → −0.127%: $232.68
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee SunX: 4 bp × 2 orders: −$8
Net: $238.66
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; SunX: live order book, 10 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 Injective no order-book sample	—	—	—	—	—
Sell SunX live order book, 10 min ago	13.31 bp	17.8 bp −$18	36.7 bp −$367	doesn't fit	doesn'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.

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	9.0045	+1.976%	$37K	—	150x	as long as short
dYdX UNI-USD	+0.0027%	1h	8.9636	+1.513%	$236K	$30K	10x	as long as short
Injective UNI/USDC PERPlong	+0.0033%	1h	8.8300	long leg	$660	$154K	12x
01 Exchange UNIUSD	+0.0048%	1h	8.9787	+1.684%	$448	—	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.9905	+1.818%	$933K	$4.3M	10x	as long as short
Hyperliquid UNI	+0.0100%	1h	9.0292	+2.256%	$98.3M	$59.9M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.0007	+1.933%	$1.0M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.9627	+1.502%	$294K	$582K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.0220	+2.174%	$224.8M	$610.2M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.0200	+2.152%	$101.1M	$107.8M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX UNI-USDT-SWAP	+0.0100%	8h	9.0200	+2.152%	$55.7M	$254.3M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.9830	+1.733%	$274K	$616K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.0210	+2.163%	$23.0M	$58.0M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0190	+2.140%	$50.0M	$25.0M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0250	+2.208%	$13.4M	$13.7M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0190	+2.140%	$33.0M	$42.8M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	9.0200	+2.152%	—	$57.2M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.0282	+2.245%	$989K	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	8.9621	+1.496%	$4.1M	$4.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.9787	+1.684%	$169K	$345K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.9996	+1.921%	$635K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.9780	+1.676%	$88K	$706K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.9590	+1.461%	$55K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.9883	+1.793%	$85K	$409K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.0190	+2.140%	$16K	$1.7M	10x	as long as short
SunX UNI-USDTshort	+0.0100%	8h	9.0242	+2.199%	$36K	$1.3M	30x
SoDEX UNI-USD	+0.0100%	1h	9.0170	+2.118%	$22K	$715K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.0220	+2.174%	$717K	$4.2M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.0270	+2.231%	$27.2M	$4.6M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.9664	+1.545%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0152	+2.098%	$299K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0195	+2.146%	$32K	—	3x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.9940	+1.857%	$10.3M	$3.6M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0312%	1h	9.0230	+2.186%	$1.1M	$4.7M	50x	as long as short
Reya UNIRUSDPERP	+0.0368%	1h	8.9873	+1.782%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0382% / S −0.0245%	1h	8.9941	+1.858%	$641K	—	120x	as long as short
Kraken Futures PF_UNIUSD	+0.0425%	1h	9.0212	+2.165%	$5.0M	$6.9M	50x	as long as short
Lighter UNI	+0.0440%	1h	9.0378	+2.353%	$4.6M	$5.3M	15x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0582%	1h	9.0250	+2.209%	$583K	$187K	50x	as long as short
Aftermath Perps UNIUSD	+0.1006%	1h	8.9909	+1.822%	$938	$49K	10x	as long as short