Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.020%

Price spread now: GRVT against Bitget+0.799%7-day average +0.053% · you sell dearer than you buy

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs+$28as in the Price arb table

costs, in and out, $10k−$460.462% of the position

Long on Bitget Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.028%+$3 on $10k

Price spread, last 7 days−0.744%−$74 · spread now +0.799%, 7d avg +0.053%

Together, before fees−0.716%+ Points / potential airdropGRVT: Active · farm board−$72 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 0.746% dearer against Bitget than usual: you sell high and buy low, +$75 on $10k if it goes back to its 7-day average of +0.053%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget UNIUSDT	9.2040	0.0100	pay 0.0100% / 8h	7h 21m	$33.9M	$42.9M	75x
Short	GRVT UNI_USDT_Perp	9.2775	0.0100	get 0.0100% / 8h	7h 21m	$648K	$2.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.799%Rate

Funding earned: $0
Price spread: +0.799% → +0.053%: $74.6
Slippage, 4 orders: −$25.18
Fee Bitget: 6 bp × 2 orders: −$12
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: $28.42
Costs to cover: 0.462%
Break-even: from the start

Slippage from Bitget: live order book, 3 min ago; GRVT: live order book, 2 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 Bitget live order book, 3 min ago	1.08 bp	9.7 bp −$10	18.4 bp −$184	41.0 bp −$4,103	doesn't fit
Sell GRVT live order book, 2 min ago	4.85 bp	13.5 bp −$14	22.1 bp −$221	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
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	9.2041	+0.001%	$39K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−4.063%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0080%	1h	9.2019	−0.023%	$459	—	10x	as long as short
dYdX UNI-USD	+0.0095%	1h	9.2195	+0.168%	$243K	$20K	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.2045	+0.005%	$1.0M	$4.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.2114	+0.080%	$1.1M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.2173	+0.144%	$307K	$586K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.2020	−0.022%	$231.0M	$602.8M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.1990	−0.054%	$103.8M	$107.8M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.2010	−0.033%	$56.8M	$258.8M	50x	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	9.2230	+0.206%	$274K	$616K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.2010	−0.033%	$23.5M	$59.9M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.2050	+0.011%	$46.2M	$24.3M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.2050	+0.011%	$13.8M	$13.6M	75x	as long as short
Bitget UNIUSDTlong	+0.0100%	8h	9.2040	long leg	$33.9M	$42.9M	75x
BingX UNI-USDT	+0.0100%	8h	9.2030	−0.011%	—	$56.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.2423	+0.416%	$1.0M	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.2000	−0.044%	$4.2M	$4.4M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.2914	+0.950%	$175K	$344K	20x	as long as short
GRVT UNI_USDT_Perpshort	+0.0100%	8h	9.2775	+0.799%	$648K	$2.6M	10x
ApeX Omni UNIUSDT	+0.0100%	1h	9.2790	+0.815%	$91K	$707K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.2730	+0.750%	$51K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.2109	+0.075%	$85K	$384K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.2030	−0.011%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.2077	+0.040%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.2069	+0.032%	$22K	$717K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.2670	+0.684%	$732K	$4.4M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.2420	+0.413%	$27.9M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.2158	+0.128%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.2004	−0.039%	$312K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.2070	+0.033%	$33K	—	3x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0124%	1h	9.2095	+0.060%	$595K	$184K	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.2810	+0.837%	$10.4M	$3.6M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0272%	1h	9.2570	+0.576%	$1.1M	$5.0M	50x	as long as short
Reya UNIRUSDPERP	+0.0366%	1h	9.1998	−0.046%	$17K	—	20x	as long as short
Kraken Futures PF_UNIUSD	+0.0381%	1h	9.2110	+0.076%	$5.1M	$7.1M	50x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0323%	1h	9.2015	−0.027%	$582K	—	120x	as long as short
Hyperliquid UNI	+0.0561%	1h	9.2177	+0.149%	$101.6M	$59.8M	10x	as long as short
Lighter UNI	+0.0968%	1h	9.2324	+0.309%	$4.7M	$5.3M	15x	as long as short
Aftermath Perps UNIUSD	+0.1019%	1h	9.2509	+0.510%	$936	$49K	10x	as long as short