Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: StandX against SoDEX−0.039%48s7-day average +0.044% · 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−$580.581% of the position

Long on SoDEX Short on StandX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.169%−$17 · spread now −0.039%, 7d avg +0.044%

Together, before fees−0.169%+ Points / potential airdropStandX: Active · farm board−$17 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: StandX is 0.083% cheaper against SoDEX than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.044%. The two prices were read 48 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	8.9355	0.0100	pay 0.0013% / 1h	18m 30s	$31K	$811K	10x
Short	StandX UNI-USD	8.9320	0.0100	get 0.0013% / 1h	18m 30s	$15K	$3.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

StandX 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 StandXbpOrdersPrice spread, now −0.039%Rate

Funding earned: $0
Price spread: −0.039% → +0.044%: −$8.27
Slippage, 4 orders: −$42.13
Fee SoDEX: 4 bp × 2 orders: −$8
Fee StandX: 4 bp × 2 orders: −$8
Net: −$66.4
Costs to cover: 0.581%
Break-even: never at this rate

Slippage from SoDEX: live order book, 35 min ago; StandX: live order book, just now.

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, 35 min ago	0.55 bp	10.8 bp −$11	27.8 bp −$278	doesn't fit	doesn't fit
Sell StandX live order book, just now	6.16 bp	26.9 bp −$27	55.5 bp −$555	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
01 Exchange UNIUSD	0.0000%	1h	8.9304	−0.057%	$446	$5	10x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0007%	1h	8.9408	+0.059%	$49K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−1.181%	$660	$154K	12x	as long as short
Lighter UNI	+0.0096%	1h	8.9369	+0.016%	$4.5M	$5.9M	15x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.9242	−0.127%	$25K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.9235	−0.134%	$940K	$4.5M	10x	as long as short
Hyperliquid UNI	+0.0100%	1h	8.9434	+0.088%	$95.0M	$64.6M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.9310	−0.050%	$780K	$3.6M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.9272	−0.093%	$288K	$612K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.9260	−0.106%	$219.2M	$648.0M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit UNIUSDT	+0.0100%	8h	8.9260	−0.106%	$100.1M	$111.7M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	8.9310	−0.050%	$54.2M	$261.3M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.9360	+0.006%	$320K	$664K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.9250	−0.118%	$23.7M	$64.7M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.9350	−0.006%	$47.4M	$26.1M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.9360	+0.006%	$13.2M	$13.3M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.9290	−0.073%	$32.9M	$45.8M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	8.9240	−0.129%	—	$56.6M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.9422	+0.075%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	8.9179	−0.197%	$4.2M	$4.2M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.9124	−0.259%	$168K	$345K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.9235	−0.134%	$620K	$2.8M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.9340	−0.017%	$91K	$701K	50x	as long as short
StandX UNI-USDshort	+0.0100%	1h	8.9320	−0.039%	$15K	$3.4M	20x
Polymarket Perps UNI-USD	+0.0100%	1h	8.9374	+0.021%	$87K	$438K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.9310	−0.050%	$16K	$1.4M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.9357	+0.002%	$36K	$1.4M	30x	as long as short
SoDEX UNI-USDlong	+0.0100%	1h	8.9355	long leg	$31K	$811K	10x
HTX UNI-USDT	+0.0100%	8h	8.9373	+0.020%	$693K	$4.9M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.9430	+0.084%	$27.1M	$4.4M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.9210	−0.162%	$289K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.9340	−0.017%	$32K	—	3x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0176%	1h	8.9379	+0.027%	$573K	$208K	50x	as long as short
Coinbase International UNI-PERP-INTX	+0.0216%	1h	8.9330	−0.028%	$927K	$5.8M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.9310	−0.050%	$10.2M	$3.6M	75x	as long as short
dYdX UNI-USD	+0.0250%	1h	8.9265	−0.101%	$235K	$30K	10x	as long as short
Kraken Futures PF_UNIUSD	+0.0272%	1h	8.9412	+0.064%	$4.9M	$8.1M	50x	as long as short
Reya UNIRUSDPERP	+0.0375%	1h	8.9297	−0.065%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	8.9318	−0.042%	$636K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0753%	1h	8.9420	+0.073%	$891	$45K	10x	as long as short