Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0356%/8h= +39.0% APRpaid last 24h +0.184%

Price spread now: Lighter against SunX+0.204%7-day average +0.098% · you sell dearer than you buy

Net, funding: paid 7d − costs−$17as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$470.468% of the position

Long on SunX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.295%+$29 on $10k

Price spread, last 3 days (all we have)−0.256%−$26 · spread now +0.204%, 7d avg +0.098%

Together, before fees+0.039%+ Points / potential airdropLighter: Season 3 · farm board+$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Lighter is 0.105% dearer against SunX than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.098%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX UNI-USDT	8.9890	0.0100	pay 0.0100% / 8h	6h 48m	$36K	$1.3M	30x
Short	Lighter UNI	9.0073	0.0456	get 0.0057% / 1h	48m 06s	$4.6M	$5.1M	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.204%Rate

Funding earned: $74.76
Price spread: +0.204% → +0.098%: $10.55
Slippage, 4 orders: −$38.81
Fee SunX: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: $38.5
Costs to cover: 0.468%
Break-even: 3.4 days

Slippage from SunX: live order book, 6 min ago; Lighter: live order book, 5 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	13.31 bp	17.4 bp −$17	34.5 bp −$345	doesn't fit	doesn't fit
Sell Lighter live order book, 5 min ago	1.55 bp	3.1 bp −$3	13.5 bp −$135	116.5 bp −$11.7K	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
ApeX Omni UNIUSDT	−0.0175%	1h	8.9790	−0.111%	$88K	$707K	50x	as long as short
dYdX UNI-USD	0.0000%	1h	8.9956	+0.073%	$237K	$30K	10x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	8.9848	−0.047%	$37K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−1.769%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0056%	1h	8.9847	−0.048%	$448	—	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.9782	−0.120%	$930K	$4.3M	10x	as long as short
Hyperliquid UNI	+0.0100%	1h	9.0065	+0.195%	$98.3M	$59.6M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.9920	+0.034%	$1.0M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.9903	+0.015%	$295K	$582K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.0029	+0.154%	$225.6M	$609.3M	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	9.0000	+0.122%	$101.0M	$107.7M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.0020	+0.145%	$55.5M	$253.0M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.9900	+0.011%	$275K	$616K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.9990	+0.111%	$22.9M	$57.8M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0030	+0.156%	$50.0M	$24.9M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.9930	+0.044%	$13.4M	$13.8M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.9950	+0.067%	$32.9M	$42.8M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	8.9970	+0.089%	—	$57.1M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.9984	+0.105%	$987K	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	8.9791	−0.110%	$4.1M	$4.4M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.9948	+0.064%	$169K	$344K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.9984	+0.104%	$635K	$2.6M	10x	as long as short
StandX UNI-USD	+0.0100%	1h	8.9970	+0.089%	$55K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.9865	−0.028%	$85K	$408K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.9880	−0.011%	$16K	$1.7M	10x	as long as short
SunX UNI-USDTlong	+0.0100%	8h	8.9890	long leg	$36K	$1.3M	30x
SoDEX UNI-USD	+0.0100%	1h	8.9890	0.000%	$21K	$711K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.0005	+0.128%	$712K	$4.2M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.0020	+0.145%	$27.1M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.9820	−0.077%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	8.9862	−0.031%	$300K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.9890	0.000%	$32K	—	3x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.9940	+0.056%	$10.3M	$3.6M	75x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0238%	1h	8.9941	+0.057%	$581K	$187K	50x	as long as short
Coinbase International UNI-PERP-INTX	+0.0312%	1h	8.9940	+0.056%	$1.1M	$4.6M	50x	as long as short
Reya UNIRUSDPERP	+0.0367%	1h	8.9793	−0.108%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0382% / S −0.0245%	1h	8.9864	−0.028%	$641K	—	120x	as long as short
Kraken Futures PF_UNIUSD	+0.0426%	1h	8.9955	+0.073%	$5.0M	$6.9M	50x	as long as short
Lighter UNIshort	+0.0456%	1h	9.0073	+0.204%	$4.6M	$5.1M	15x
Aftermath Perps UNIUSD	+0.1016%	1h	9.0108	+0.242%	$997	$48K	10x	as long as short