Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.016%

Price spread now: GRVT against Binance−0.055%89s7-day average +0.009% · you buy dearer than you sell

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$330.329% of the position

Long on Binance Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.018%+$2 on $10k

Price spread, last 7 days+0.125%+$12 · spread now −0.055%, 7d avg +0.009%

Together, before fees+0.143%+ Points / potential airdropGRVT: Active · farm board+$14 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: GRVT is 0.063% cheaper against Binance than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.009%. The two prices were read 89 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance UNIUSDT	8.8098	0.0100	pay 0.0100% / 8h	2h 56m	$215.9M	$596.5M	75x
Short	GRVT UNI_USDT_Perp	8.8050	0.0100	get 0.0100% / 8h	2h 56m	$615K	$2.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.055%Rate

Funding earned: $0
Price spread: −0.055% → +0.009%: −$6.34
Slippage, 4 orders: −$13.93
Fee Binance: 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$39.27
Costs to cover: 0.329%
Break-even: never at this rate

Slippage from Binance: live order book, 3 min ago; GRVT: live order book, 3 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 Binance live order book, 3 min ago	0.57 bp	7.3 bp −$7	13.0 bp −$130	42.7 bp −$4,273	169.7 bp −$84.8K
Sell GRVT live order book, 3 min ago	0.57 bp	9.4 bp −$9	21.1 bp −$211	doesn't fit	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
Variational Omni UNI	−0.0199%	8h	8.8256	+0.179%	$3.9M	$4.9M	—	as long as short
Bybit UNIUSDT	−0.0192%	8h	8.8040	−0.066%	$102.6M	$104.2M	75x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0006%	1h	8.8090	−0.009%	$79K	—	150x	as long as short
OKX UNI-USDT-SWAP	+0.0011%	8h	8.8050	−0.055%	$54.2M	$244.8M	50x	as long as short
01 Exchange UNIUSD	+0.0056%	1h	8.8045	−0.060%	$439	—	10x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0056%	1h	8.8123	+0.029%	$550K	$125K	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.7988	−0.125%	$25K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.7975	−0.140%	$846K	$3.9M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.8134	+0.041%	$1.0M	$3.4M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.8079	−0.022%	$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	8.8098	long leg	$215.9M	$596.5M	75x
Arcus UNI-USD	+0.0100%	1h	8.8100	+0.002%	$272K	$605K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.8110	+0.013%	$22.8M	$58.8M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.8100	+0.002%	$42.6M	$24.4M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.8110	+0.013%	$13.7M	$13.8M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8070	−0.032%	$31.9M	$41.0M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	8.8080	−0.021%	—	$49.9M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8116	+0.020%	$976K	$2.4M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8154	+0.064%	$166K	$341K	20x	as long as short
GRVT UNI_USDT_Perpshort	+0.0100%	8h	8.8050	−0.055%	$615K	$2.6M	10x
ApeX Omni UNIUSDT	+0.0100%	1h	8.8190	+0.104%	$83K	$713K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8090	−0.009%	$105K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.8105	+0.008%	$86K	$339K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8080	−0.021%	$15K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.8044	−0.062%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.8087	−0.013%	$28K	$659K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.8252	+0.174%	$721K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8090	−0.009%	$26.5M	$4.4M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8055	−0.049%	$307K	$1.4M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8100	+0.002%	$31K	$1K	3x	as long as short
Coinbase International UNI-PERP-INTX	+0.0200%	1h	8.8140	+0.047%	$1.0M	$5.3M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.8000	−0.112%	$9.8M	$3.3M	75x	as long as short
Kraken Futures PF_UNIUSD	+0.0270%	1h	8.8137	+0.044%	$4.9M	$7.2M	50x	as long as short
dYdX UNI-USD	+0.0310%	1h	8.8102	+0.004%	$244K	$5K	10x	as long as short
Reya UNIRUSDPERP	+0.0359%	1h	8.8048	−0.057%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0320%	1h	8.8082	−0.018%	$552K	—	120x	as long as short
Hyperliquid UNI	+0.0476%	1h	8.8234	+0.154%	$95.9M	$60.5M	10x	as long as short
Aftermath Perps UNIUSD	+0.0518%	1h	8.8122	+0.027%	$1K	$50K	10x	as long as short
Lighter UNI	+0.0536%	1h	8.8278	+0.204%	$4.5M	$5.3M	15x	as long as short
Injective UNI/USDC PERP	+0.2702%	1h	8.7900	−0.225%	$657	$97K	12x	as long as short