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 +0.069%

Price spread now: GMX against Binance+0.026%7-day average +0.020% · you sell dearer than you buy

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

Long on Binance Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.080%+$8 on $10k

Price spread, last 3 days (all we have)+0.173%+$17 · spread now +0.026%, 7d avg +0.020%

Together, before fees+0.254%+$25 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.020%, so right now this pair is about funding alone: +$7 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance UNIUSDT	8.8651	0.0100	pay 0.0100% / 8h	2h 44m	$217.2M	$592.8M	75x
Short	GMX UNI/USD [UNI-USDC]	8.8675	L +0.0380% / S −0.0320%	get 0.0040% / 1h	44m 25s	$555K	—	120x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now +0.026%Rate

Funding earned: $46.26
Price spread: +0.026% → +0.020%: $0.66
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: $24.92
Costs to cover: 0.220%
Break-even: 3.2 days

Slippage unknown: Binance: live order book, 14 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 Binance live order book, 14 min ago	0.57 bp	7.3 bp −$7	13.0 bp −$130	42.7 bp −$4,273	169.7 bp −$84.8K
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	−0.0198%	8h	8.8235	−0.469%	$3.9M	$4.6M	—	as long as short
Bybit UNIUSDT	−0.0181%	8h	8.8600	−0.058%	$103.0M	$104.1M	75x	as long as short
01 Exchange UNIUSD	−0.0040%	1h	8.8489	−0.183%	$442	—	10x	as long as short
Deribit UNI_USDC-PERPETUAL	0.0000%	1h	8.8385	−0.301%	$552K	$125K	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0006%	1h	8.8680	+0.032%	$80K	—	150x	as long as short
OKX UNI-USDT-SWAP	+0.0006%	8h	8.8440	−0.239%	$54.4M	$245.3M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8393	−0.292%	$25K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.8420	−0.261%	$849K	$3.9M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.8500	−0.171%	$1.0M	$3.4M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.8410	−0.272%	$297K	$559K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance UNIUSDTlong	+0.0100%	8h	8.8651	long leg	$217.2M	$592.8M	75x
Arcus UNI-USD	+0.0100%	1h	8.8490	−0.182%	$273K	$610K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.8420	−0.261%	$23.0M	$59.0M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.8600	−0.058%	$42.9M	$24.5M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.8430	−0.250%	$13.8M	$13.6M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8440	−0.239%	$32.0M	$41.0M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	8.8610	−0.047%	—	$49.8M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8341	−0.350%	$977K	$2.4M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8274	−0.426%	$166K	$344K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8268	−0.433%	$614K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8350	−0.340%	$83K	$711K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8370	−0.318%	$105K	$3.2M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.8464	−0.212%	$87K	$324K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8330	−0.363%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.8375	−0.312%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.8296	−0.401%	$28K	$659K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.8446	−0.232%	$721K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8300	−0.396%	$26.6M	$4.4M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8380	−0.306%	$299K	$1.4M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8335	−0.357%	$31K	$1K	3x	as long as short
dYdX UNI-USD	+0.0123%	1h	8.8398	−0.286%	$245K	$5K	10x	as long as short
Coinbase International UNI-PERP-INTX	+0.0200%	1h	8.8480	−0.193%	$1.0M	$5.3M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.8310	−0.385%	$9.8M	$3.3M	75x	as long as short
Kraken Futures PF_UNIUSD	+0.0269%	1h	8.8397	−0.287%	$4.9M	$7.1M	50x	as long as short
Hyperliquid UNI	+0.0354%	1h	8.8627	−0.028%	$96.3M	$59.8M	10x	as long as short
Reya UNIRUSDPERP	+0.0359%	1h	8.8518	−0.150%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]short	L +0.0380% / S −0.0320%	1h	8.8675	+0.026%	$555K	—	120x
Aftermath Perps UNIUSD	+0.0463%	1h	8.8308	−0.388%	$1K	$50K	10x	as long as short
Lighter UNI	+0.0464%	1h	8.8525	−0.143%	$4.5M	$5.3M	15x	as long as short
Injective UNI/USDC PERP	+0.2702%	1h	8.7900	−0.848%	$657	$97K	12x	as long as short