Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0220%/8h= +24.1% APRpaid last 24h +0.073%

Price spread now: GMX against BingX+0.113%7-day average +0.059% · you sell dearer than you buy

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

Long on BingX Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.084%+$8 on $10k

Price spread, last 3 days (all we have)+0.024%+$2 · spread now +0.113%, 7d avg +0.059%

Together, before fees+0.108%+$11 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and GMX is 0.054% dearer against BingX than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.059%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX UNI-USDT	8.9980	0.0100	pay 0.0100% / 8h	31m 07s	—	$51.9M	—
Short	GMX UNI/USD [UNI-USDC]	9.0081	L +0.0380% / S −0.0320%	get 0.0040% / 1h	31m 07s	$567K	—	120x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now +0.113%Rate

Funding earned: $46.21
Price spread: +0.113% → +0.059%: $5.37
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: $29.59
Costs to cover: 0.220%
Break-even: 2.5 days

Slippage unknown: BingX: live order book, 8 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 BingX live order book, 8 min ago	0.55 bp	5.6 bp −$6	7.7 bp −$77	15.6 bp −$1,557	66.1 bp −$33.0K
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	−1.867%	$660	$155K	12x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	9.0076	+0.106%	$62K	—	150x	as long as short
Variational Omni UNI	+0.0041%	8h	9.0035	+0.061%	$4.1M	$4.4M	—	as long as short
dYdX UNI-USD	+0.0041%	1h	8.9988	+0.009%	$249K	$6K	10x	as long as short
Bybit UNIUSDT	+0.0079%	8h	8.9980	0.000%	$102.3M	$105.0M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0090%	8h	8.9960	−0.022%	$55.2M	$249.2M	50x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.9955	−0.028%	$947K	$4.2M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.0131	+0.168%	$1.0M	$3.3M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.9991	+0.013%	$298K	$591K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.9985	+0.006%	$222.5M	$589.5M	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	9.0070	+0.100%	$278K	$620K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.9990	+0.011%	$23.0M	$58.7M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0030	+0.056%	$43.7M	$24.0M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0060	+0.089%	$13.7M	$13.5M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.9940	−0.044%	$32.8M	$42.0M	75x	as long as short
BingX UNI-USDTlong	+0.0100%	8h	8.9980	long leg	—	$51.9M	—
Backpack UNI_USDC_PERP	+0.0100%	1h	9.0064	+0.093%	$1.0M	$2.4M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.0166	+0.206%	$169K	$344K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0169	+0.210%	$637K	$2.5M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0300	+0.356%	$89K	$712K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0030	+0.056%	$36K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.0089	+0.121%	$87K	$362K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.0030	+0.056%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.0130	+0.167%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.0033	+0.059%	$25K	$674K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.0058	+0.087%	$735K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.0040	+0.067%	$27.2M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.9931	−0.054%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	8.9974	−0.006%	$303K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0027	+0.052%	$32K	$1K	3x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0189%	1h	9.0078	+0.108%	$580K	$176K	50x	as long as short
01 Exchange UNIUSD	+0.0192%	1h	9.0030	+0.056%	$449	—	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.9970	−0.011%	$10.1M	$3.5M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0232%	1h	9.0110	+0.144%	$1.1M	$5.4M	50x	as long as short
Reya UNIRUSDPERP	+0.0364%	1h	9.0039	+0.065%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]short	L +0.0380% / S −0.0320%	1h	9.0081	+0.113%	$567K	—	120x
Kraken Futures PF_UNIUSD	+0.0562%	1h	9.0086	+0.118%	$5.0M	$7.0M	50x	as long as short
Hyperliquid UNI	+0.0567%	1h	9.0092	+0.124%	$98.8M	$59.0M	10x	as long as short
Aftermath Perps UNIUSD	+0.0801%	1h	9.0211	+0.257%	$1K	$49K	10x	as long as short
Lighter UNI	+0.0936%	1h	9.0203	+0.248%	$4.6M	$5.2M	15x	as long as short