UNI

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0223%/8h= +24.4% APRnext payment +$0.28 per $10,000 · paid last 24h +0.070%

Price spread now: GMX against Backpack−0.061%7-day average −0.009% · you buy dearer than you sell

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

Long on Backpack Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.073%+$7 on $10k

Price spread, last 3 days (all we have)+0.132%+$13 · spread now −0.061%, 7d avg −0.009%

Together, before fees+0.206%+$21 on $10k · with fees, hour by hour

Funding pays, the price is against you. GMX is 0.051% cheaper against Backpack than usual: you would sell low and buy high (spread −0.061% now, against its 7-day average of −0.009%). If the spread goes back, that is −$5 on $10k: about 18 hours of funding at the current rate (+$7 a day). At the pace of the last 3 days (+0.073% in total) that is about 2.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack UNI_USDC_PERP	8.9527	0.0100	pay 0.0013% / 1h	11m 01s	$1.1M	$2.4M	10x
Short	GMX UNI/USD [UNI-USDC]	8.9473	L +0.0381% / S −0.0323%	get 0.0040% / 1h	11m 01s	$566K	—	120x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Backpack. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BackpackbpFee GMXbpOrdersPrice spread, now −0.061%Rate

Funding earned: $46.83
Price spread: −0.061% → −0.009%: −$5.14
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: $19.69
Costs to cover: 0.220%
Break-even: 4.1 days

Slippage unknown: Backpack: live order book, 3 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 Backpack live order book, 3 min ago	0.39 bp	6.0 bp −$6	89.0 bp −$890	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
Injective UNI/USDC PERP	−0.0049%	1h	8.8300	−1.371%	$660	$155K	12x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	8.9489	−0.042%	$62K	—	150x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0026%	1h	8.9535	+0.009%	$576K	$176K	50x	as long as short
Variational Omni UNI	+0.0082%	8h	8.9422	−0.117%	$4.1M	$4.4M	—	as long as short
OKX UNI-USDT-SWAP	+0.0088%	8h	8.9570	+0.048%	$54.7M	$249.0M	50x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.9515	−0.013%	$961K	$4.2M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.9520	−0.008%	$1.0M	$3.3M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.9512	−0.017%	$296K	$591K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.9544	+0.019%	$221.9M	$591.2M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	8.9570	+0.048%	$101.4M	$105.3M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus UNI-USD	+0.0100%	1h	8.9610	+0.093%	$269K	$614K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.9480	−0.052%	$22.8M	$59.2M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.9610	+0.093%	$43.7M	$24.1M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.9480	−0.052%	$13.6M	$13.5M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.9580	+0.059%	$32.8M	$42.0M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	8.9470	−0.064%	—	$52.0M	—	as long as short
Backpack UNI_USDC_PERPlong	+0.0100%	1h	8.9527	long leg	$1.1M	$2.4M	10x
edgeX UNIUSDC	+0.0100%	4h	8.9828	+0.336%	$169K	$342K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.9580	+0.059%	$630K	$2.5M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.9890	+0.405%	$88K	$710K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.9890	+0.405%	$36K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.9528	+0.001%	$85K	$365K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.9490	−0.041%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.9590	+0.070%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.9490	−0.041%	$21K	$676K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.9640	+0.126%	$717K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.9510	−0.019%	$27.0M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.9462	−0.072%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	8.9558	+0.034%	$302K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.9524	−0.003%	$32K	$1K	3x	as long as short
01 Exchange UNIUSD	+0.0168%	1h	8.9560	+0.037%	$447	—	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.9480	−0.052%	$10.0M	$3.5M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0232%	1h	8.9590	+0.070%	$1.1M	$5.4M	50x	as long as short
dYdX UNI-USD	+0.0305%	1h	8.9527	+0.001%	$248K	$6K	10x	as long as short
Reya UNIRUSDPERP	+0.0365%	1h	8.9424	−0.115%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]short	L +0.0381% / S −0.0323%	1h	8.9473	−0.061%	$566K	—	120x
Hyperliquid UNI	+0.0474%	1h	8.9576	+0.055%	$98.1M	$59.6M	10x	as long as short
Kraken Futures PF_UNIUSD	+0.0565%	1h	8.9544	+0.019%	$5.0M	$7.0M	50x	as long as short
Aftermath Perps UNIUSD	+0.0870%	1h	8.9813	+0.320%	$1K	$49K	10x	as long as short
Lighter UNI	+0.0904%	1h	8.9656	+0.144%	$4.5M	$5.3M	15x	as long as short