Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: edgeX against SunX−0.171%74s7-day average −0.054% · you buy dearer than you sell

Net, funding: paid 7d − costs−$49as 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−$490.495% of the position

Long on SunX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 3 days (all we have)−0.185%−$18 · spread now −0.171%, 7d avg −0.054%

Together, before fees−0.185%+ Points / potential airdropedgeX: Active · farm board−$18 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: edgeX is 0.117% 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 −0.054%. 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	SunX UNI-USDT	8.9013	0.0100	pay 0.0100% / 8h	1h 18m	$36K	$1.3M	30x
Short	edgeX UNIUSDC	8.8861	0.0100	get 0.0050% / 4h	1h 18m	$167K	$343K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.171%Rate

Funding earned: $0
Price spread: −0.171% → −0.054%: −$11.72
Slippage, 4 orders: −$32.47
Fee SunX: 4 bp × 2 orders: −$8
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$61.18
Costs to cover: 0.495%
Break-even: never at this rate

Slippage from SunX: live order book, 6 min ago; edgeX: live order book, 65 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, 6 min ago	13.87 bp	17.9 bp −$18	34.6 bp −$346	doesn't fit	doesn't fit
Sell edgeX live order book, 65 min ago	2.24 bp	6.7 bp −$7	18.3 bp −$183	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
Variational Omni UNI	−0.0051%	8h	8.8824	−0.212%	$3.9M	$4.5M	—	as long as short
Bybit UNIUSDT	+0.0001%	8h	8.8920	−0.104%	$101.4M	$104.7M	75x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	8.8984	−0.033%	$62K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−0.801%	$660	$155K	12x	as long as short
OKX UNI-USDT-SWAP	+0.0046%	8h	8.8930	−0.093%	$55.0M	$245.2M	50x	as long as short
01 Exchange UNIUSD	+0.0056%	1h	8.8973	−0.045%	$444	—	10x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0096%	1h	8.9017	+0.005%	$566K	$157K	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8937	−0.086%	$25K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.8910	−0.116%	$943K	$4.0M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.8999	−0.016%	$1.0M	$3.3M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica UNI	+0.0100%	1h	8.9006	−0.008%	$300K	$577K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.8940	−0.082%	$218.5M	$588.6M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.9050	+0.042%	$284K	$612K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.8960	−0.060%	$23.1M	$58.7M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.8990	−0.026%	$43.0M	$24.5M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.8960	−0.060%	$13.6M	$13.7M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8940	−0.082%	$32.2M	$41.3M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	8.8940	−0.082%	—	$51.7M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8879	−0.151%	$987K	$2.3M	10x	as long as short
edgeX UNIUSDCshort	+0.0100%	4h	8.8861	−0.171%	$167K	$343K	20x
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8866	−0.165%	$627K	$2.5M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8860	−0.172%	$88K	$711K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8880	−0.149%	$106K	$3.2M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.8975	−0.043%	$86K	$354K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8950	−0.071%	$16K	$1.7M	10x	as long as short
SunX UNI-USDTlong	+0.0100%	8h	8.9013	long leg	$36K	$1.3M	30x
SoDEX UNI-USD	+0.0100%	1h	8.8956	−0.064%	$25K	$666K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.9040	+0.030%	$730K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8950	−0.071%	$26.8M	$4.4M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8908	−0.118%	$301K	$1.4M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8975	−0.043%	$32K	$1K	3x	as long as short
dYdX UNI-USD	+0.0129%	1h	8.8963	−0.057%	$246K	$6K	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.8830	−0.206%	$9.8M	$3.4M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0224%	1h	8.9050	+0.042%	$1.1M	$5.3M	50x	as long as short
Kraken Futures PF_UNIUSD	+0.0340%	1h	8.9020	+0.008%	$5.0M	$7.0M	50x	as long as short
Hyperliquid UNI	+0.0359%	1h	8.9124	+0.125%	$97.8M	$59.1M	10x	as long as short
Reya UNIRUSDPERP	+0.0362%	1h	8.8920	−0.104%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0379% / S −0.0319%	1h	8.8987	−0.029%	$557K	—	120x	as long as short
Lighter UNI	+0.0600%	1h	8.9128	+0.129%	$4.6M	$5.2M	15x	as long as short
Aftermath Perps UNIUSD	+0.0636%	1h	8.8821	−0.216%	$1K	$50K	10x	as long as short