Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0093%/8h= −10.2% APRpaid last 24h −0.029%

Price spread now: gTrade (Gains Network) against BingX+0.058%7-day average — · you sell dearer than you buy

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

Long on BingX 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

The price spread pays, funding is against you. gTrade (Gains Network) is 0.058% dearer against BingX than usual: you sell high and buy low (spread +0.058% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX UNI-USDT	8.8360	0.0100	pay 0.0100% / 8h	2h 39m	—	$57.1M	—
Short	gTrade (Gains Network) UNI/USD	8.8411	L +0.0004% / S −0.0007%	get 0.0001% / 1h	39m 01s	$48K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against BingX. 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 BingXbpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.058%Rate

Funding earned: −$19.62
Price spread: +0.058% → 0.000%: $5.77
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$33.84
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 10 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 BingX live order book, 10 min ago	0.56 bp	5.6 bp −$6	7.4 bp −$74	15.9 bp −$1,593	54.0 bp −$27.0K
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 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
Nado UNI-PERP	−0.0134%	1h	8.8257	−0.116%	$797K	$4.7M	10x	as long as short
01 Exchange UNIUSD	−0.0072%	1h	8.8336	−0.027%	$441	$5	10x	as long as short
Kraken Futures PF_UNIUSD	−0.0017%	1h	8.8402	+0.048%	$4.8M	$8.5M	50x	as long as short
gTrade (Gains Network) UNI/USDshort	L +0.0004% / S −0.0007%	1h	8.8411	+0.058%	$48K	—	150x
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−0.068%	$660	$153K	12x	as long as short
Polymarket Perps UNI-USD	+0.0065%	1h	8.8330	−0.034%	$99K	$499K	10x	as long as short
Lighter UNI	+0.0096%	1h	8.8475	+0.130%	$4.4M	$5.5M	15x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0096%	1h	8.8450	+0.101%	$567K	$202K	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8336	−0.027%	$25K	—	20x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.8479	+0.135%	$750K	$3.6M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica UNI	+0.0100%	1h	8.8370	+0.011%	$283K	$612K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.8527	+0.189%	$215.1M	$658.6M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	8.8490	+0.147%	$98.9M	$112.5M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	8.8520	+0.181%	$53.5M	$263.0M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.8430	+0.079%	$315K	$700K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.8430	+0.079%	$23.5M	$64.7M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.8530	+0.192%	$46.5M	$26.3M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.8530	+0.192%	$13.0M	$13.5M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8500	+0.158%	$32.6M	$46.5M	75x	as long as short
BingX UNI-USDTlong	+0.0100%	8h	8.8360	long leg	—	$57.1M	—
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8459	+0.112%	$1.0M	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	8.8420	+0.068%	$4.1M	$4.2M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8752	+0.444%	$168K	$344K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8350	−0.011%	$616K	$2.7M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8530	+0.192%	$91K	$706K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8290	−0.079%	$15K	$3.4M	20x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8380	+0.023%	$16K	$1.6M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.8479	+0.135%	$36K	$1.4M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.8368	+0.009%	$22K	$852K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.8583	+0.252%	$707K	$5.0M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8380	+0.023%	$26.8M	$4.3M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8482	+0.139%	$290K	$1.7M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8408	+0.054%	$31K	—	3x	as long as short
Hyperliquid UNI	+0.0115%	1h	8.8500	+0.158%	$94.2M	$66.3M	10x	as long as short
dYdX UNI-USD	+0.0176%	1h	8.8337	−0.026%	$233K	$31K	10x	as long as short
Coinbase International UNI-PERP-INTX	+0.0184%	1h	8.8450	+0.102%	$926K	$5.8M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.8430	+0.079%	$10.0M	$3.6M	75x	as long as short
Reya UNIRUSDPERP	+0.0376%	1h	8.8344	−0.018%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	8.8394	+0.039%	$629K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0629%	1h	8.8670	+0.351%	$926	$45K	10x	as long as short