Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.026%

Price spread now: Bybit against SunX−0.248%46s7-day average −0.124% · you buy dearer than you sell

Net, funding: paid 7d − costs−$137as in the Funding arb table

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

costs, in and out, $10k−$1271.271% of the position

Long on SunX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.097%−$10 on $10k

Price spread, last 3 days (all we have)−0.032%−$3 · spread now −0.248%, 7d avg −0.124%

Together, before fees−0.129%−$13 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: Bybit is 0.123% cheaper against SunX than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of −0.124%. The two prices were read 46 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	SunX UNI-USDT	9.1717	0.0100	pay 0.0100% / 8h	7h 09m	$37K	$1.3M	30x
Short	Bybit UNIUSDT	9.1490	0.0100	get 0.0100% / 8h	7h 09m	$103.2M	$107.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against SunX. 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 SunXbpFee BybitbpOrdersPrice spread, now −0.248%Rate

Funding earned: $0
Price spread: −0.248% → −0.124%: −$12.34
Slippage, 4 orders: −$108.13
Fee SunX: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$139.47
Costs to cover: 1.271%
Break-even: never at this rate

Slippage from SunX: live order book, 5 min ago; Bybit: live order book, 4 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 SunX live order book, 5 min ago	48.87 bp	53.3 bp −$53	76.6 bp −$766	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	0.55 bp	10.3 bp −$10	16.5 bp −$165	39.3 bp −$3,933	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
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	9.1680	−0.041%	$39K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−3.726%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0088%	1h	9.1545	−0.188%	$457	—	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.1645	−0.079%	$985K	$4.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.1684	−0.036%	$1.1M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.1600	−0.127%	$303K	$586K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.1520	−0.214%	$232.2M	$601.2M	75x	as long as short
Bybit UNIUSDTshort	+0.0100%	8h	9.1490	−0.248%	$103.2M	$107.7M	75x
OKX UNI-USDT-SWAP	+0.0100%	8h	9.1470	−0.269%	$56.5M	$255.4M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.1640	−0.084%	$283K	$617K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate UNI_USDT	+0.0100%	8h	9.1560	−0.171%	$23.4M	$60.5M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.1560	−0.171%	$47.2M	$24.7M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.1680	−0.040%	$13.7M	$13.6M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.1530	−0.204%	$33.7M	$43.0M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	9.1540	−0.193%	—	$57.1M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.1615	−0.111%	$1.0M	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.1470	−0.269%	$4.2M	$4.4M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.1505	−0.231%	$172K	$344K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.1708	−0.010%	$639K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.1490	−0.248%	$89K	$707K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.1500	−0.237%	$56K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.1735	+0.020%	$85K	$387K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.1660	−0.062%	$16K	$1.7M	10x	as long as short
SunX UNI-USDTlong	+0.0100%	8h	9.1717	long leg	$37K	$1.3M	30x
SoDEX UNI-USD	+0.0100%	1h	9.1550	−0.182%	$22K	$711K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.1780	+0.069%	$730K	$4.4M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.1650	−0.073%	$27.6M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.1503	−0.233%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.1519	−0.216%	$308K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.1626	−0.099%	$33K	—	3x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0166%	1h	9.1688	−0.032%	$593K	$186K	50x	as long as short
dYdX UNI-USD	+0.0193%	1h	9.1574	−0.155%	$246K	$24K	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.1460	−0.280%	$10.6M	$3.6M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0272%	1h	9.1750	+0.036%	$1.1M	$4.9M	50x	as long as short
Reya UNIRUSDPERP	+0.0367%	1h	9.1653	−0.070%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0323%	1h	9.1682	−0.038%	$580K	—	120x	as long as short
Kraken Futures PF_UNIUSD	+0.0383%	1h	9.1633	−0.091%	$5.1M	$7.1M	50x	as long as short
Hyperliquid UNI	+0.0544%	1h	9.1795	+0.085%	$101.2M	$58.2M	10x	as long as short
Lighter UNI	+0.0952%	1h	9.1766	+0.053%	$4.7M	$5.3M	15x	as long as short
Aftermath Perps UNIUSD	+0.1038%	1h	9.1784	+0.073%	$938	$49K	10x	as long as short