Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0301%/8h= −33.0% APRpaid last 24h −0.217%

Price spread now: GRVT against Aftermath Perps+0.026%7-day average — · you sell dearer than you buy

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

Long on Aftermath Perps Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropGRVT: Active · farm boardneeds both histories

The price spread pays, funding is against you. GRVT is 0.026% dearer against Aftermath Perps than usual: you sell high and buy low (spread +0.026% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 7 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps UNIUSD	8.8682	0.0401	pay 0.0050% / 1h	14m 36s	$1K	$52K	10x
Short	GRVT UNI_USDT_Perp	8.8706	0.0100	get 0.0100% / 8h	14m 36s	$615K	$2.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against Aftermath Perps. 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 Aftermath PerpsbpFee GRVTbpOrdersPrice spread, now +0.026%Rate

Funding earned: −$63.27
Price spread: +0.026% → 0.000%: $2.63
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$78.64
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Aftermath Perps: no order-book sample; GRVT: live order book, 4 min ago. 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 Aftermath Perps no order-book sample	—	—	—	—	—
Sell GRVT live order book, 4 min ago	1.69 bp	12.4 bp −$12	22.0 bp −$220	doesn't fit	doesn't fit

Aftermath Perps: 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
Kraken Futures PF_UNIUSD	−0.0306%	1h	8.8869	+0.210%	$4.7M	$8.6M	50x	as long as short
01 Exchange UNIUSD	−0.0008%	1h	8.8886	+0.230%	$444	$5	10x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0005%	1h	8.8870	+0.212%	$73K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−0.431%	$660	$153K	12x	as long as short
Nado UNI-PERP	+0.0040%	1h	8.8808	+0.141%	$727K	$4.7M	10x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0056%	1h	8.8909	+0.256%	$589K	$270K	50x	as long as short
Polymarket Perps UNI-USD	+0.0089%	1h	8.8832	+0.169%	$104K	$616K	10x	as long as short
Lighter UNI	+0.0096%	1h	8.9044	+0.408%	$4.5M	$5.6M	15x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8927	+0.275%	$25K	—	20x	as long as short
Hyperliquid UNI	+0.0100%	1h	8.8949	+0.301%	$94.8M	$67.7M	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster UNIUSDT	+0.0100%	8h	8.8902	+0.247%	$722K	$3.3M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.8921	+0.269%	$288K	$591K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.8840	+0.178%	$215.2M	$652.5M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	8.8820	+0.155%	$98.4M	$110.5M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	8.8790	+0.121%	$54.4M	$261.8M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.8910	+0.257%	$317K	$690K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.8860	+0.200%	$26.2M	$66.5M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.8900	+0.245%	$48.2M	$26.3M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.8940	+0.290%	$13.0M	$13.3M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8820	+0.155%	$32.5M	$45.3M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	8.8840	+0.178%	—	$58.0M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8974	+0.329%	$1.1M	$2.5M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	8.8681	−0.001%	$4.1M	$4.1M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8824	+0.159%	$168K	$348K	20x	as long as short
GRVT UNI_USDT_Perpshort	+0.0100%	8h	8.8706	+0.026%	$615K	$2.6M	10x
ApeX Omni UNIUSDT	+0.0100%	1h	8.8670	−0.014%	$89K	$709K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8800	+0.133%	$14K	$3.5M	20x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8820	+0.155%	$16K	$2.2M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.8895	+0.240%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.8840	+0.178%	$32K	$886K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.8956	+0.309%	$702K	$4.7M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8800	+0.133%	$26.8M	$4.4M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8789	+0.120%	$286K	$1.7M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8850	+0.189%	$32K	—	3x	as long as short
Coinbase International UNI-PERP-INTX	+0.0200%	1h	8.8890	+0.234%	$925K	$5.4M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.8880	+0.223%	$10.0M	$3.6M	75x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0243%	1h	8.8868	+0.210%	$632K	—	120x	as long as short
Reya UNIRUSDPERP	+0.0381%	1h	8.8744	+0.070%	$16K	—	20x	as long as short
Aftermath Perps UNIUSDlong	+0.0401%	1h	8.8682	long leg	$1K	$52K	10x
dYdX UNI-USD	+0.0568%	1h	8.8943	+0.294%	$234K	$30K	10x	as long as short