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 −0.020%

Price spread now: GRVT against BingX+0.169%99s7-day average +0.033% · you sell dearer than you buy

Net, funding: paid 7d − costs−$25as 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−$310.314% of the position

Long on BingX Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.061%+$6 on $10k

Price spread, last 7 days−0.117%−$12 · spread now +0.169%, 7d avg +0.033%

Together, before fees−0.056%+ Points / potential airdropGRVT: Active · farm board−$6 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 0.136% dearer against BingX than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of +0.033%. The two prices were read 99 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	BingX UNI-USDT	8.8910	0.0100	pay 0.0100% / 8h	2h 15m	—	$50.0M	—
Short	GRVT UNI_USDT_Perp	8.9060	0.0100	get 0.0100% / 8h	2h 15m	$618K	$2.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.169%Rate

Funding earned: $0
Price spread: +0.169% → +0.033%: $13.61
Slippage, 4 orders: −$12.44
Fee BingX: 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$17.83
Costs to cover: 0.314%
Break-even: never at this rate

Slippage from BingX: live order book, 8 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 BingX live order book, 8 min ago	0.56 bp	5.6 bp −$6	6.9 bp −$69	15.8 bp −$1,585	49.3 bp −$24.6K
Sell GRVT live order book, 3 min ago	1.12 bp	11.2 bp −$11	25.8 bp −$258	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	−0.0146%	8h	8.9020	+0.124%	$4.0M	$4.6M	—	as long as short
Bybit UNIUSDT	−0.0098%	8h	8.8930	+0.022%	$101.3M	$106.0M	75x	as long as short
Deribit UNI_USDC-PERPETUAL	0.0000%	1h	8.8928	+0.021%	$562K	$138K	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0006%	1h	8.8901	−0.010%	$80K	—	150x	as long as short
OKX UNI-USDT-SWAP	+0.0024%	8h	8.8920	+0.011%	$54.7M	$248.0M	50x	as long as short
01 Exchange UNIUSD	+0.0024%	1h	8.8938	+0.031%	$444	—	10x	as long as short
dYdX UNI-USD	+0.0092%	1h	8.8975	+0.073%	$246K	$5K	10x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8861	−0.055%	$25K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.8920	+0.011%	$850K	$4.0M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.8973	+0.070%	$1.0M	$3.4M	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	8.8930	+0.022%	$301K	$563K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.8944	+0.038%	$217.4M	$595.7M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.8960	+0.056%	$274K	$612K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.8940	+0.034%	$23.1M	$59.4M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.8940	+0.034%	$43.2M	$24.7M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.8930	+0.022%	$13.4M	$13.9M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8940	+0.034%	$32.2M	$41.5M	75x	as long as short
BingX UNI-USDTlong	+0.0100%	8h	8.8910	long leg	—	$50.0M	—
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8953	+0.048%	$987K	$2.3M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.9121	+0.237%	$168K	$343K	20x	as long as short
GRVT UNI_USDT_Perpshort	+0.0100%	8h	8.9060	+0.169%	$618K	$2.6M	10x
ApeX Omni UNIUSDT	+0.0100%	1h	8.9090	+0.202%	$84K	$713K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.9110	+0.225%	$106K	$3.2M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.8881	−0.033%	$94K	$334K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8850	−0.067%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.8938	+0.031%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.8890	−0.022%	$25K	$666K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.9034	+0.139%	$723K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8880	−0.034%	$26.8M	$4.3M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8899	−0.013%	$308K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8886	−0.026%	$32K	$1K	3x	as long as short
Coinbase International UNI-PERP-INTX	+0.0200%	1h	8.9090	+0.202%	$1.0M	$5.4M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.9070	+0.180%	$9.8M	$3.4M	75x	as long as short
Kraken Futures PF_UNIUSD	+0.0267%	1h	8.8960	+0.057%	$5.0M	$7.1M	50x	as long as short
Hyperliquid UNI	+0.0301%	1h	8.9087	+0.199%	$97.0M	$59.8M	10x	as long as short
Reya UNIRUSDPERP	+0.0360%	1h	8.8853	−0.065%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0379% / S −0.0320%	1h	8.8883	−0.030%	$558K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0540%	1h	8.9080	+0.192%	$1K	$50K	10x	as long as short
Lighter UNI	+0.0576%	1h	8.9133	+0.251%	$4.6M	$5.4M	15x	as long as short
Injective UNI/USDC PERP	+0.2702%	1h	8.7900	−1.136%	$657	$97K	12x	as long as short