Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0216%/8h= −23.7% APRpaid last 24h −0.062%

Price spread now: gTrade (Gains Network) against BloFin+0.240%50s7-day average — · you sell dearer than you buy

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

Long on BloFin 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 0.240% dearer against BloFin than usual: you sell high and buy low (spread +0.240% now, against zero (this spread has no 7-day history yet)): +$24 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 3.7 days. The two prices were read 50 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	BloFin UNI-USDT	9.1460	0.0220	pay 0.0220% / 8h	7h 10m	$10.6M	$3.6M	75x
Short	gTrade (Gains Network) UNI/USD	9.1680	L +0.0004% / S −0.0004%	get 0.0000% / 1h	10m 03s	$39K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against BloFin. 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 BloFinbpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.240%Rate

Funding earned: −$45.36
Price spread: +0.240% → 0.000%: $24.03
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$43.33
Costs to cover: 0.220%
Break-even: from the start

Slippage unknown: BloFin: live order book, 4 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 BloFin live order book, 4 min ago	2.18 bp	8.5 bp −$8	12.3 bp −$123	42.1 bp −$4,212	doesn't fit
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
gTrade (Gains Network) UNI/USDshort	L +0.0004% / S −0.0004%	1h	9.1680	+0.240%	$39K	—	150x
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−3.455%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0088%	1h	9.1752	+0.319%	$458	—	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.1645	+0.202%	$985K	$4.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.1766	+0.335%	$1.1M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.1731	+0.296%	$306K	$589K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.1600	+0.153%	$232.4M	$601.6M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.1570	+0.120%	$103.3M	$107.7M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.1590	+0.142%	$56.6M	$256.0M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.1800	+0.372%	$283K	$617K	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	9.1580	+0.131%	$23.4M	$60.5M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.1600	+0.153%	$46.5M	$24.6M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.1590	+0.142%	$13.6M	$13.6M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.1570	+0.120%	$33.8M	$43.1M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.1590	+0.142%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.1615	+0.169%	$1.0M	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.1470	+0.011%	$4.2M	$4.4M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.1624	+0.179%	$173K	$346K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.1708	+0.271%	$639K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.1590	+0.142%	$89K	$706K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.1500	+0.044%	$56K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.1735	+0.301%	$85K	$387K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.1660	+0.219%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.1717	+0.281%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.1550	+0.098%	$22K	$711K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.1780	+0.350%	$730K	$4.4M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.1650	+0.208%	$27.6M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.1656	+0.214%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.1504	+0.048%	$308K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.1626	+0.181%	$33K	—	3x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0166%	1h	9.1688	+0.249%	$593K	$186K	50x	as long as short
dYdX UNI-USD	+0.0196%	1h	9.1725	+0.290%	$246K	$24K	10x	as long as short
BloFin UNI-USDTlong	+0.0220%	8h	9.1460	long leg	$10.6M	$3.6M	75x
Coinbase International UNI-PERP-INTX	+0.0272%	1h	9.1750	+0.317%	$1.1M	$4.9M	50x	as long as short
Reya UNIRUSDPERP	+0.0367%	1h	9.1653	+0.211%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0323%	1h	9.1682	+0.243%	$580K	—	120x	as long as short
Kraken Futures PF_UNIUSD	+0.0383%	1h	9.1633	+0.190%	$5.1M	$7.1M	50x	as long as short
Hyperliquid UNI	+0.0543%	1h	9.1739	+0.305%	$101.1M	$60.0M	10x	as long as short
Lighter UNI	+0.0952%	1h	9.1747	+0.314%	$4.7M	$5.3M	15x	as long as short
Aftermath Perps UNIUSD	+0.1038%	1h	9.1784	+0.354%	$938	$49K	10x	as long as short