Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0096%/8h= −10.5% APRpaid last 24h −0.026%

Price spread now: gTrade (Gains Network) against Binance−0.046%7-day average — · you buy dearer than you sell

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

Long on Binance Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.046% cheaper against Binance than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance UNIUSDT	9.0491	0.0100	pay 0.0100% / 8h	6h 28m	$225.8M	$611.1M	75x
Short	gTrade (Gains Network) UNI/USD	9.0449	L +0.0004% / S −0.0004%	get 0.0001% / 1h	28m 07s	$19K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Binance. 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 BinancebpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.046%Rate

Funding earned: −$20.1
Price spread: −0.046% → 0.000%: −$4.62
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$44.72
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 16 min ago; gTrade (Gains Network): 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 Binance live order book, 16 min ago	0.56 bp	6.6 bp −$7	12.7 bp −$127	40.0 bp −$3,997	181.6 bp −$90.8K
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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 39 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
gTrade (Gains Network) UNI/USDshort	L +0.0004% / S −0.0004%	1h	9.0449	−0.046%	$19K	—	150x
dYdX UNI-USD	+0.0021%	1h	9.0304	−0.207%	$238K	$30K	10x	as long as short
01 Exchange UNIUSD	+0.0032%	1h	9.0322	−0.187%	$451	—	10x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−2.421%	$660	$154K	12x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.0295	−0.217%	$942K	$4.3M	10x	as long as short
Hyperliquid UNI	+0.0100%	1h	9.0603	+0.124%	$98.4M	$60.2M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.0456	−0.038%	$1.0M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.0336	−0.172%	$296K	$574K	10x	as long as short
Binance UNIUSDTlong	+0.0100%	8h	9.0491	long leg	$225.8M	$611.1M	75x
Bybit UNIUSDT	+0.0100%	8h	9.0430	−0.067%	$101.2M	$107.5M	75x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX UNI-USDT-SWAP	+0.0100%	8h	9.0420	−0.078%	$55.8M	$254.0M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.0420	−0.078%	$286K	$641K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.0460	−0.034%	$23.1M	$58.6M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0490	−0.001%	$49.6M	$26.1M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0490	−0.001%	$13.4M	$13.7M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0430	−0.067%	$33.1M	$42.8M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	9.0440	−0.056%	—	$56.9M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.0492	+0.001%	$992K	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.0181	−0.342%	$4.1M	$4.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.0270	−0.244%	$170K	$346K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.9959	−0.588%	$630K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0300	−0.211%	$88K	$699K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0400	−0.100%	$56K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.0372	−0.131%	$86K	$410K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.0500	+0.010%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.0546	+0.061%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.0480	−0.012%	$22K	$710K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.0580	+0.098%	$720K	$4.2M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.0480	−0.012%	$27.3M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.0322	−0.187%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0436	−0.060%	$300K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0536	+0.050%	$32K	—	3x	as long as short
Coinbase International UNI-PERP-INTX	+0.0312%	1h	9.0510	+0.021%	$1.1M	$4.7M	50x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0354%	1h	9.0574	+0.091%	$588K	$200K	50x	as long as short
Reya UNIRUSDPERP	+0.0368%	1h	9.0313	−0.197%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.0440	−0.056%	$643K	—	120x	as long as short
Lighter UNI	+0.0400%	1h	9.0650	+0.176%	$4.7M	$5.3M	15x	as long as short
Kraken Futures PF_UNIUSD	+0.0424%	1h	9.0536	+0.050%	$5.0M	$6.9M	50x	as long as short
Aftermath Perps UNIUSD	+0.0944%	1h	9.0231	−0.287%	$900	$48K	10x	as long as short