Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: ApeX Omni against SoDEX−0.022%74s7-day average +0.071% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$470.475% of the position

Long on SoDEX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.001%$0 on $10k

Price spread, last 4 days (all we have)−0.282%−$28 · spread now −0.022%, 7d avg +0.071%

Together, before fees−0.282%−$28 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: ApeX Omni is 0.093% cheaper against SoDEX than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.071%. The two prices were read 74 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	SoDEX UNI-USD	9.0200	0.0100	pay 0.0013% / 1h	3m 51s	$32K	$886K	10x
Short	ApeX Omni UNIUSDT	9.0180	0.0100	get 0.0013% / 1h	3m 51s	$91K	$709K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against SoDEX. 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 SoDEXbpFee ApeX OmnibpOrdersPrice spread, now −0.022%Rate

Funding earned: $0
Price spread: −0.022% → +0.071%: −$9.35
Slippage, 4 orders: −$29.47
Fee SoDEX: 4 bp × 2 orders: −$8
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$56.82
Costs to cover: 0.475%
Break-even: never at this rate

Slippage from SoDEX: live order book, 45 min ago; ApeX Omni: live order book, 45 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 SoDEX live order book, 45 min ago	0.62 bp	9.9 bp −$10	28.7 bp −$287	135.7 bp −$13.6K	doesn't fit
Sell ApeX Omni live order book, 45 min ago	6.17 bp	14.3 bp −$14	112.1 bp −$1,121	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
Kraken Futures PF_UNIUSD	−0.0017%	1h	9.0247	+0.052%	$4.8M	$8.6M	50x	as long as short
Nado UNI-PERP	−0.0015%	1h	9.0280	+0.089%	$781K	$4.7M	10x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0007%	1h	9.0294	+0.104%	$49K	—	150x	as long as short
01 Exchange UNIUSD	+0.0008%	1h	9.0341	+0.156%	$451	$5	10x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−2.106%	$660	$153K	12x	as long as short
Polymarket Perps UNI-USD	+0.0083%	1h	9.0259	+0.065%	$126K	$582K	10x	as long as short
Lighter UNI	+0.0096%	1h	9.0342	+0.157%	$4.5M	$5.6M	15x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.0293	+0.104%	$26K	—	20x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.0264	+0.071%	$747K	$3.6M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.0316	+0.129%	$290K	$592K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance UNIUSDT	+0.0100%	8h	9.0230	+0.033%	$219.1M	$658.9M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.0220	+0.022%	$100.4M	$112.4M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.0240	+0.044%	$54.9M	$268.9M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.0390	+0.211%	$322K	$705K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.0220	+0.022%	$24.8M	$66.9M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0240	+0.044%	$49.8M	$27.2M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0220	+0.022%	$13.2M	$13.4M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0220	+0.022%	$33.2M	$45.9M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.0220	+0.022%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.0309	+0.121%	$1.1M	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.0319	+0.132%	$4.2M	$4.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.0174	−0.028%	$171K	$346K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0060	−0.155%	$624K	$2.7M	10x	as long as short
ApeX Omni UNIUSDTshort	+0.0100%	1h	9.0180	−0.022%	$91K	$709K	50x
StandX UNI-USD	+0.0100%	1h	9.0360	+0.177%	$15K	$3.5M	20x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.0280	+0.089%	$17K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.0328	+0.142%	$37K	$1.4M	30x	as long as short
SoDEX UNI-USDlong	+0.0100%	1h	9.0200	long leg	$32K	$886K	10x
HTX UNI-USDT	+0.0100%	8h	9.0400	+0.222%	$709K	$5.0M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.0230	+0.033%	$27.2M	$4.5M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0154	−0.051%	$300K	$1.7M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0270	+0.078%	$32K	—	3x	as long as short
dYdX UNI-USD	+0.0142%	1h	9.0324	+0.137%	$238K	$31K	10x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0160%	1h	9.0311	+0.123%	$595K	$247K	50x	as long as short
Coinbase International UNI-PERP-INTX	+0.0184%	1h	9.0290	+0.100%	$943K	$5.7M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.0280	+0.089%	$10.1M	$3.7M	75x	as long as short
Hyperliquid UNI	+0.0231%	1h	9.0355	+0.172%	$96.7M	$66.4M	10x	as long as short
Reya UNIRUSDPERP	+0.0377%	1h	9.0234	+0.037%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0243%	1h	9.0308	+0.120%	$642K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0456%	1h	9.0117	−0.092%	$987	$54K	10x	as long as short