Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0220%/8h= +24.1% APRpaid last 24h +0.065%

Price spread now: GMX against SunX−0.004%7-day average −0.031% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on SunX Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.076%+$8 on $10k

Price spread, last 3 days (all we have)−0.366%−$37 · spread now −0.004%, 7d avg −0.031%

Together, before fees−0.290%−$29 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and GMX is 0.027% dearer against SunX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.031%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX UNI-USDT	8.7847	0.0100	pay 0.0100% / 8h	2h 06m	$35K	$1.3M	30x
Short	GMX UNI/USD [UNI-USDC]	8.7843	L +0.0379% / S −0.0320%	get 0.0040% / 1h	6m 16s	$551K	—	120x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −0.004%Rate

Funding earned: $46.18
Price spread: −0.004% → −0.031%: $2.69
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee GMX: 6 bp × 2 orders: −$12
Net: $28.87
Costs to cover: 0.200%
Break-even: 2.6 days

Slippage unknown: SunX: live order book, 8 min ago; GMX: no order-book sample. Net counts fees only.

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, 8 min ago	11.59 bp	16.8 bp −$17	35.4 bp −$354	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0125%	8h	8.8143	+0.337%	$3.9M	$4.7M	—	as long as short
Bybit UNIUSDT	−0.0067%	8h	8.7860	+0.015%	$100.2M	$106.2M	75x	as long as short
Deribit UNI_USDC-PERPETUAL	0.0000%	1h	8.7925	+0.089%	$562K	$155K	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0006%	1h	8.7854	+0.008%	$79K	—	150x	as long as short
OKX UNI-USDT-SWAP	+0.0030%	8h	8.7850	+0.003%	$54.2M	$245.5M	50x	as long as short
01 Exchange UNIUSD	+0.0040%	1h	8.7837	−0.011%	$438	—	10x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.7784	−0.072%	$25K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.7765	−0.093%	$850K	$4.0M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.7896	+0.055%	$1.0M	$3.4M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.7861	+0.016%	$298K	$565K	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	8.7860	+0.015%	$214.8M	$597.3M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.7900	+0.060%	$271K	$612K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.7820	−0.031%	$22.8M	$59.6M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.7860	+0.015%	$42.3M	$24.8M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.7820	−0.031%	$13.3M	$13.9M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.7860	+0.015%	$31.9M	$41.6M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.7840	−0.008%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.7924	+0.088%	$974K	$2.3M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8113	+0.303%	$166K	$342K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8116	+0.306%	$612K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8150	+0.345%	$83K	$713K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8130	+0.322%	$105K	$3.2M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.7859	+0.014%	$86K	$346K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.7890	+0.049%	$16K	$1.7M	10x	as long as short
SunX UNI-USDTlong	+0.0100%	8h	8.7847	long leg	$35K	$1.3M	30x
SoDEX UNI-USD	+0.0100%	1h	8.7871	+0.027%	$25K	$668K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.8060	+0.242%	$719K	$4.4M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.7910	+0.072%	$26.4M	$4.5M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.7842	−0.006%	$300K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.7906	+0.067%	$31K	$1K	3x	as long as short
dYdX UNI-USD	+0.0173%	1h	8.7914	+0.076%	$243K	$6K	10x	as long as short
Coinbase International UNI-PERP-INTX	+0.0200%	1h	8.7910	+0.072%	$1.0M	$5.3M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.7910	+0.072%	$9.8M	$3.4M	75x	as long as short
Kraken Futures PF_UNIUSD	+0.0271%	1h	8.7944	+0.110%	$4.9M	$7.2M	50x	as long as short
Hyperliquid UNI	+0.0313%	1h	8.7937	+0.102%	$95.8M	$59.7M	10x	as long as short
Reya UNIRUSDPERP	+0.0361%	1h	8.7815	−0.036%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]short	L +0.0379% / S −0.0320%	1h	8.7843	−0.004%	$551K	—	120x
Aftermath Perps UNIUSD	+0.0589%	1h	8.8282	+0.496%	$1K	$50K	10x	as long as short
Lighter UNI	+0.0624%	1h	8.8043	+0.223%	$4.5M	$5.4M	15x	as long as short
Injective UNI/USDC PERP	+0.2702%	1h	8.7900	+0.060%	$657	$97K	12x	as long as short