Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0144%/8h= +15.8% APRpaid last 24h +0.084%

Price spread now: GMX against Bitget+0.119%7-day average +0.061% · you sell dearer than you buy

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

Long on Bitget Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.085%+$8 on $10k

Price spread, last 4 days (all we have)+0.177%+$18 · spread now +0.119%, 7d avg +0.061%

Together, before fees+0.262%+$26 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and GMX is 0.057% dearer against Bitget than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.061%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget UNIUSDT	9.1150	0.0100	pay 0.0100% / 8h	4h 54m	$33.5M	$43.9M	75x
Short	GMX UNI/USD [UNI-USDC]	9.1258	L +0.0381% / S −0.0244%	get 0.0030% / 1h	54m 05s	$650K	—	120x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Bitget. 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 BitgetbpFee GMXbpOrdersPrice spread, now +0.119%Rate

Funding earned: $30.22
Price spread: +0.119% → +0.061%: $5.72
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: $11.94
Costs to cover: 0.240%
Break-even: 4.2 days

Slippage unknown: Bitget: live order book, 5 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 Bitget live order book, 5 min ago	2.19 bp	11.5 bp −$11	18.8 bp −$188	39.3 bp −$3,926	doesn't fit
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
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	9.1268	+0.129%	$37K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−3.127%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0056%	1h	9.1281	+0.144%	$455	$5	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.1230	+0.088%	$920K	$4.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.1334	+0.202%	$1.0M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.1273	+0.134%	$298K	$589K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.1216	+0.072%	$225.7M	$625.7M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.1160	+0.011%	$102.4M	$110.6M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.1180	+0.033%	$56.0M	$258.1M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.1320	+0.187%	$289K	$618K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate UNI_USDT	+0.0100%	8h	9.1220	+0.077%	$23.1M	$62.0M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.1230	+0.088%	$48.8M	$25.2M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.1210	+0.066%	$13.7M	$13.1M	75x	as long as short
Bitget UNIUSDTlong	+0.0100%	8h	9.1150	long leg	$33.5M	$43.9M	75x
BingX UNI-USDT	+0.0100%	8h	9.1200	+0.055%	—	$56.6M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.1272	+0.134%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.1490	+0.373%	$4.3M	$4.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.0960	−0.209%	$171K	$343K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.1208	+0.063%	$635K	$2.7M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0950	−0.219%	$89K	$694K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.1330	+0.197%	$36K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.1271	+0.133%	$88K	$422K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.1210	+0.066%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.1317	+0.183%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.1267	+0.128%	$22K	$781K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.1304	+0.169%	$718K	$4.5M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.1260	+0.121%	$27.6M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0101%	8h	9.1190	+0.044%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.1187	+0.041%	$301K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.1231	+0.089%	$32K	—	3x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0193%	1h	9.1275	+0.137%	$585K	$193K	50x	as long as short
dYdX UNI-USD	+0.0205%	1h	9.1234	+0.093%	$240K	$30K	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.1270	+0.132%	$10.4M	$3.6M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0248%	1h	9.1340	+0.208%	$1.1M	$5.4M	50x	as long as short
Kraken Futures PF_UNIUSD	+0.0268%	1h	9.1327	+0.194%	$5.1M	$7.8M	50x	as long as short
Reya UNIRUSDPERP	+0.0371%	1h	9.1228	+0.085%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]short	L +0.0381% / S −0.0244%	1h	9.1258	+0.119%	$650K	—	120x
Lighter UNI	+0.0416%	1h	9.1385	+0.258%	$4.6M	$5.8M	15x	as long as short
Hyperliquid UNI	+0.0529%	1h	9.1358	+0.228%	$99.3M	$61.4M	10x	as long as short
Aftermath Perps UNIUSD	+0.1010%	1h	9.1347	+0.216%	$1K	$46K	10x	as long as short