Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0094%/8h= −10.2% APRpaid last 24h −0.003%

Price spread now: gTrade (Gains Network) against Bybit+0.138%7-day average — · you sell dearer than you buy

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

Long on Bybit 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 0.138% dearer against Bybit than usual: you sell high and buy low (spread +0.138% now, against zero (this spread has no 7-day history yet)): +$14 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 4.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit UNIUSDT	9.1840	0.0100	pay 0.0100% / 8h	5h 15m	$103.3M	$109.6M	75x
Short	gTrade (Gains Network) UNI/USD	9.1967	L +0.0004% / S −0.0006%	get 0.0001% / 1h	15m 02s	$49K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Bybit. 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 BybitbpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.138%Rate

Funding earned: −$19.65
Price spread: +0.138% → 0.000%: $13.83
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$26.82
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Bybit: 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 Bybit live order book, 4 min ago	0.54 bp	10.9 bp −$11	17.3 bp −$173	37.3 bp −$3,726	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 −0.0006%	1h	9.1967	+0.138%	$49K	—	150x
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−3.855%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0056%	1h	9.2008	+0.183%	$459	$5	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.2020	+0.196%	$949K	$4.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.2018	+0.194%	$1.0M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.1856	+0.017%	$299K	$573K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.1820	−0.022%	$228.3M	$620.2M	75x	as long as short
Bybit UNIUSDTlong	+0.0100%	8h	9.1840	long leg	$103.3M	$109.6M	75x
OKX UNI-USDT-SWAP	+0.0100%	8h	9.1860	+0.022%	$56.8M	$257.9M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.2100	+0.283%	$292K	$614K	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	9.1880	+0.044%	$23.6M	$61.7M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.1880	+0.044%	$49.1M	$25.3M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.2010	+0.185%	$13.8M	$12.9M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.1820	−0.022%	$33.6M	$43.3M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.1790	−0.054%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.1939	+0.108%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.2057	+0.236%	$4.3M	$4.2M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.2667	+0.901%	$175K	$345K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.2320	+0.523%	$647K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.2680	+0.915%	$90K	$694K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.2140	+0.327%	$51K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.2044	+0.222%	$88K	$418K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.2020	+0.196%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.2078	+0.259%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.1938	+0.107%	$22K	$772K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.2199	+0.391%	$725K	$4.4M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.1960	+0.131%	$27.8M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.1949	+0.119%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.1831	−0.010%	$313K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.1999	+0.173%	$33K	—	3x	as long as short
dYdX UNI-USD	+0.0106%	1h	9.1837	−0.003%	$242K	$31K	10x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0183%	1h	9.2059	+0.238%	$590K	$193K	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.1960	+0.131%	$10.4M	$3.6M	75x	as long as short
Kraken Futures PF_UNIUSD	+0.0267%	1h	9.2026	+0.203%	$5.1M	$7.7M	50x	as long as short
Coinbase International UNI-PERP-INTX	+0.0296%	1h	9.2020	+0.196%	$1.1M	$5.4M	50x	as long as short
Reya UNIRUSDPERP	+0.0371%	1h	9.2031	+0.208%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.1954	+0.125%	$655K	—	120x	as long as short
Hyperliquid UNI	+0.0536%	1h	9.2050	+0.229%	$100.0M	$61.4M	10x	as long as short
Lighter UNI	+0.0576%	1h	9.2048	+0.226%	$4.7M	$5.8M	15x	as long as short
Aftermath Perps UNIUSD	+0.0974%	1h	9.2184	+0.374%	$1K	$47K	10x	as long as short