Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0023%/8h= +2.6% APRpaid last 24h +0.062%

Price spread now: GMX against BloFin+0.059%51s7-day average +0.015% · you sell dearer than you buy

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

Long on BloFin Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.020%−$2 on $10k

Price spread, last 4 days (all we have)−0.087%−$9 · spread now +0.059%, 7d avg +0.015%

Together, before fees−0.107%−$11 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and GMX is 0.044% dearer against BloFin than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.015%. The two prices were read 51 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	8.8920	0.0220	pay 0.0220% / 8h	1h 35m	$10.1M	$3.6M	75x
Short	GMX UNI/USD [UNI-USDC]	8.8972	L +0.0381% / S −0.0243%	get 0.0030% / 1h	35m 41s	$633K	—	120x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now +0.059%Rate

Funding earned: $4.93
Price spread: +0.059% → +0.015%: $4.44
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: −$14.63
Costs to cover: 0.240%
Break-even: 27.8 days

Slippage unknown: BloFin: live order book, 3 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 BloFin live order book, 3 min ago	0.56 bp	11.6 bp −$12	17.0 bp −$170	39.2 bp −$3,921	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
Polymarket Perps UNI-USD	−0.0187%	1h	8.8907	−0.015%	$108K	$617K	10x	as long as short
Kraken Futures PF_UNIUSD	−0.0017%	1h	8.8976	+0.063%	$4.7M	$8.7M	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0007%	1h	8.8979	+0.066%	$49K	—	150x	as long as short
01 Exchange UNIUSD	+0.0016%	1h	8.8937	+0.019%	$444	$5	10x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−0.697%	$660	$153K	12x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0051%	1h	8.9002	+0.093%	$586K	$250K	50x	as long as short
Lighter UNI	+0.0096%	1h	8.9106	+0.209%	$4.5M	$5.6M	15x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8973	+0.060%	$25K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.8890	−0.034%	$744K	$4.7M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.9037	+0.132%	$733K	$3.6M	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	8.9010	+0.101%	$284K	$591K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.8980	+0.068%	$215.0M	$659.4M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	8.8950	+0.034%	$98.8M	$112.1M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	8.8960	+0.045%	$54.1M	$265.4M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.9080	+0.180%	$318K	$704K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.8970	+0.056%	$24.9M	$66.5M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.8990	+0.079%	$49.0M	$26.5M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.9000	+0.090%	$13.0M	$13.4M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8970	+0.056%	$32.6M	$45.5M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	8.8960	+0.045%	—	$57.3M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.9057	+0.154%	$1.1M	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	8.8889	−0.034%	$4.1M	$4.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.9049	+0.145%	$169K	$345K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.9245	+0.366%	$630K	$2.7M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.9250	+0.371%	$90K	$710K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.9080	+0.180%	$15K	$3.5M	20x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8950	+0.034%	$16K	$1.8M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.8986	+0.074%	$36K	$1.4M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.8943	+0.026%	$32K	$885K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.9140	+0.247%	$697K	$4.9M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.9040	+0.135%	$26.9M	$4.5M	50x	as long as short
dYdX UNI-USD	+0.0104%	1h	8.9053	+0.150%	$234K	$31K	10x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8943	+0.026%	$298K	$1.7M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8953	+0.037%	$32K	—	3x	as long as short
Coinbase International UNI-PERP-INTX	+0.0192%	1h	8.9040	+0.135%	$928K	$5.5M	50x	as long as short
BloFin UNI-USDTlong	+0.0220%	8h	8.8920	long leg	$10.1M	$3.6M	75x
Hyperliquid UNI	+0.0316%	1h	8.9096	+0.198%	$94.7M	$67.5M	10x	as long as short
Reya UNIRUSDPERP	+0.0378%	1h	8.8893	−0.031%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]short	L +0.0381% / S −0.0243%	1h	8.8972	+0.059%	$633K	—	120x
Aftermath Perps UNIUSD	+0.0519%	1h	8.9244	+0.364%	$1K	$53K	10x	as long as short