Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: SoDEX against Phemex+0.208%7-day average −0.033% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$560.556% of the position

Long on Phemex 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)−0.205%−$20 · spread now +0.208%, 7d avg −0.033%

Together, before fees−0.208%−$21 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 0.241% dearer against Phemex than usual: you sell high and buy low, +$24 on $10k if it goes back to its 7-day average of −0.033%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex UNIUSDT	9.1260	0.0100	pay 0.0100% / 8h	6h 18m	$27.6M	$4.5M	50x
Short	SoDEX UNI-USD	9.1450	0.0100	get 0.0013% / 1h	18m 06s	$22K	$722K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against Phemex. 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 PhemexbpFee SoDEXbpOrdersPrice spread, now +0.208%Rate

Funding earned: $0
Price spread: +0.208% → −0.033%: $24.08
Slippage, 4 orders: −$35.6
Fee Phemex: 6 bp × 2 orders: −$12
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$31.53
Costs to cover: 0.556%
Break-even: never at this rate

Slippage from Phemex: live order book, 6 min ago; SoDEX: live order book, 51 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 Phemex live order book, 6 min ago	8.78 bp	21.1 bp −$21	31.4 bp −$314	doesn't fit	doesn't fit
Sell SoDEX live order book, 51 min ago	0.55 bp	9.8 bp −$10	27.0 bp −$270	141.6 bp −$14.2K	doesn't fit

UNI on 39 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	9.1466	+0.226%	$19K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−3.243%	$660	$154K	12x	as long as short
dYdX UNI-USD	+0.0035%	1h	9.1493	+0.255%	$241K	$30K	10x	as long as short
01 Exchange UNIUSD	+0.0056%	1h	9.1363	+0.113%	$456	—	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.1330	+0.077%	$962K	$4.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.1404	+0.157%	$1.1M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.1531	+0.297%	$299K	$574K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.1356	+0.105%	$228.3M	$611.0M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.1190	−0.077%	$102.1M	$107.6M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.1180	−0.088%	$56.3M	$256.2M	50x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus UNI-USD	+0.0100%	1h	9.1470	+0.230%	$290K	$639K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.1200	−0.066%	$23.3M	$58.9M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.1220	−0.044%	$49.9M	$26.3M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.1470	+0.230%	$13.8M	$12.9M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.1220	−0.044%	$33.5M	$42.9M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.1180	−0.088%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.1248	−0.013%	$1.0M	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.1128	−0.144%	$4.2M	$4.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.1088	−0.188%	$171K	$345K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.1110	−0.164%	$634K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.1140	−0.131%	$89K	$699K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.1080	−0.197%	$56K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.1435	+0.192%	$87K	$410K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.1440	+0.197%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.1523	+0.288%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USDshort	+0.0100%	1h	9.1450	+0.208%	$22K	$722K	10x
HTX UNI-USDT	+0.0100%	8h	9.1504	+0.267%	$729K	$4.2M	75x	as long as short
Phemex UNIUSDTlong	+0.0100%	8h	9.1260	long leg	$27.6M	$4.5M	50x
Paradex UNI-USD-PERP	+0.0100%	8h	9.1457	+0.216%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.1396	+0.149%	$305K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.1462	+0.221%	$32K	—	3x	as long as short
Hyperliquid UNI	+0.0162%	1h	9.1342	+0.090%	$99.6M	$61.0M	10x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0186%	1h	9.1486	+0.248%	$594K	$188K	50x	as long as short
Coinbase International UNI-PERP-INTX	+0.0312%	1h	9.1440	+0.197%	$1.1M	$4.8M	50x	as long as short
Reya UNIRUSDPERP	+0.0368%	1h	9.1370	+0.121%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.1429	+0.186%	$651K	—	120x	as long as short
Kraken Futures PF_UNIUSD	+0.0419%	1h	9.1480	+0.241%	$5.1M	$6.9M	50x	as long as short
Lighter UNI	+0.0496%	1h	9.1623	+0.398%	$4.7M	$5.3M	15x	as long as short
Aftermath Perps UNIUSD	+0.0938%	1h	9.1039	−0.242%	$993	$48K	10x	as long as short