Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SoDEX against StandX−0.396%48s7-day average −0.043% · 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−$560.556% of the position

Long on StandX Short on SoDEX

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)+0.700%+$70 · spread now −0.396%, 7d avg −0.043%

Together, before fees+0.700%+ Points / potential airdropStandX: Active · farm board+$70 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 0.353% cheaper against StandX than usual: you would sell low and buy high, −$35 on $10k if it goes back to its 7-day average of −0.043%. 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	StandX UNI-USD	9.0870	0.0100	pay 0.0013% / 1h	39m 23s	$27K	$3.3M	20x
Short	SoDEX UNI-USD	9.0510	0.0100	get 0.0013% / 1h	39m 23s	$22K	$783K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against StandX. 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 StandXbpFee SoDEXbpOrdersPrice spread, now −0.396%Rate

Funding earned: $0
Price spread: −0.396% → −0.043%: −$35.28
Slippage, 4 orders: −$39.65
Fee StandX: 4 bp × 2 orders: −$8
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$90.93
Costs to cover: 0.556%
Break-even: never at this rate

Slippage from StandX: live order book, 5 min ago; SoDEX: live order book, 19 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 StandX live order book, 5 min ago	7.11 bp	12.4 bp −$12	27.6 bp −$276	doesn't fit	doesn't fit
Sell SoDEX live order book, 19 min ago	0.60 bp	9.9 bp −$10	27.7 bp −$277	139.7 bp −$14.0K	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
Deribit UNI_USDC-PERPETUAL	0.0000%	1h	9.0577	−0.322%	$580K	$193K	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	9.0070	−0.880%	$37K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−2.828%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0072%	1h	9.0035	−0.919%	$449	$5	10x	as long as short
dYdX UNI-USD	+0.0093%	1h	8.9964	−0.997%	$237K	$30K	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.9980	−0.979%	$909K	$4.4M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.0020	−0.935%	$1.0M	$3.0M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.0086	−0.862%	$292K	$593K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.0050	−0.902%	$222.2M	$632.9M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.0000	−0.957%	$100.9M	$110.9M	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	9.0050	−0.902%	$54.7M	$257.8M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.0100	−0.847%	$285K	$629K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.0040	−0.913%	$23.4M	$63.1M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0030	−0.924%	$47.8M	$25.3M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0040	−0.913%	$13.4M	$13.1M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0000	−0.957%	$33.3M	$44.5M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.0040	−0.913%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.0507	−0.399%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.0778	−0.101%	$4.3M	$4.2M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.1200	+0.363%	$172K	$343K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.1036	+0.183%	$637K	$2.7M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0880	+0.011%	$89K	$694K	50x	as long as short
StandX UNI-USDlong	+0.0100%	1h	9.0870	long leg	$27K	$3.3M	20x
Polymarket Perps UNI-USD	+0.0100%	1h	9.0050	−0.902%	$87K	$422K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.0070	−0.880%	$16K	$1.6M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.0783	−0.096%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USDshort	+0.0100%	1h	9.0510	−0.396%	$22K	$783K	10x
HTX UNI-USDT	+0.0100%	8h	9.0760	−0.121%	$718K	$4.5M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.0480	−0.429%	$27.4M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.9892	−1.077%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	8.9940	−1.024%	$295K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0565	−0.336%	$32K	—	3x	as long as short
Lighter UNI	+0.0208%	1h	9.0410	−0.506%	$4.6M	$5.8M	15x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.0940	+0.077%	$10.3M	$3.6M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0248%	1h	9.0630	−0.264%	$1.0M	$5.5M	50x	as long as short
Kraken Futures PF_UNIUSD	+0.0270%	1h	9.0546	−0.357%	$5.0M	$7.9M	50x	as long as short
Reya UNIRUSDPERP	+0.0372%	1h	8.9982	−0.977%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.0049	−0.904%	$641K	—	120x	as long as short
Hyperliquid UNI	+0.0432%	1h	9.0122	−0.823%	$97.9M	$61.9M	10x	as long as short
Aftermath Perps UNIUSD	+0.1068%	1h	9.0840	−0.033%	$917	$46K	10x	as long as short