Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.012%

Price spread now: Gate against Deribit−0.068%7-day average −0.057% · you buy dearer than you sell

Net, funding: paid 7d − costs−$55as in the Funding arb table

Net, price: spread back to 7d avg − costs−$58as in the Price arb table

costs, in and out, $10k−$570.566% of the position

Long on Deribit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.011%+$1 on $10k

Price spread, last 3 days (all we have)−0.439%−$44 · spread now −0.068%, 7d avg −0.057%

Together, before fees−0.427%−$43 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.057%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit UNI_USDC-PERPETUAL	8.8971	0	get 0.0000% / 1h	15m 10s	$563K	$138K	50x
Short	Gate UNI_USDT	8.8910	0.0100	get 0.0100% / 8h	2h 15m	$23.1M	$59.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Deribit. 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 DeribitbpFee GatebpOrdersPrice spread, now −0.068%Rate

Funding earned: $21
Price spread: −0.068% → −0.057%: −$1.12
Slippage, 4 orders: −$34.62
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$36.75
Costs to cover: 0.566%
Break-even: 19.2 days

Slippage from Deribit: live order book, 9 min ago; Gate: live order book, 4 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 Deribit live order book, 9 min ago	8.70 bp	15.2 bp −$15	23.4 bp −$234	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	1.69 bp	12.2 bp −$12	19.0 bp −$190	38.3 bp −$3,828	59.5 bp −$29.7K

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
Variational Omni UNI	−0.0136%	8h	8.8841	−0.146%	$4.0M	$4.6M	—	as long as short
Bybit UNIUSDT	−0.0094%	8h	8.8890	−0.091%	$101.3M	$106.0M	75x	as long as short
Deribit UNI_USDC-PERPETUALlong	0.0000%	1h	8.8971	long leg	$563K	$138K	50x
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0006%	1h	8.8919	−0.058%	$80K	—	150x	as long as short
OKX UNI-USDT-SWAP	+0.0023%	8h	8.8900	−0.079%	$54.7M	$248.0M	50x	as long as short
01 Exchange UNIUSD	+0.0024%	1h	8.8941	−0.033%	$444	—	10x	as long as short
dYdX UNI-USD	+0.0090%	1h	8.8975	+0.004%	$246K	$5K	10x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8935	−0.040%	$25K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.8920	−0.057%	$850K	$4.0M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.8972	+0.001%	$1.0M	$3.4M	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	8.8968	−0.003%	$301K	$563K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.8910	−0.068%	$217.2M	$595.7M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.8980	+0.010%	$274K	$612K	10x	as long as short
Gate UNI_USDTshort	+0.0100%	8h	8.8910	−0.068%	$23.1M	$59.4M	75x
MEXC UNI_USDT	+0.0100%	8h	8.8910	−0.068%	$43.2M	$24.7M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.8930	−0.046%	$13.4M	$13.9M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8900	−0.079%	$32.2M	$41.5M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.8910	−0.068%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8955	−0.018%	$987K	$2.3M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8994	+0.026%	$167K	$344K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8970	−0.001%	$618K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.9000	+0.033%	$84K	$713K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8900	−0.079%	$106K	$3.2M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.8895	−0.085%	$94K	$334K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8900	−0.079%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.8968	−0.003%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.8910	−0.068%	$25K	$666K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.9063	+0.104%	$723K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8930	−0.046%	$26.8M	$4.3M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8888	−0.092%	$308K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8926	−0.050%	$32K	$1K	3x	as long as short
Coinbase International UNI-PERP-INTX	+0.0200%	1h	8.9020	+0.055%	$1.0M	$5.4M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.8860	−0.124%	$9.8M	$3.4M	75x	as long as short
Kraken Futures PF_UNIUSD	+0.0267%	1h	8.8974	+0.004%	$4.9M	$7.1M	50x	as long as short
Hyperliquid UNI	+0.0302%	1h	8.9049	+0.088%	$96.9M	$59.8M	10x	as long as short
Reya UNIRUSDPERP	+0.0360%	1h	8.8882	−0.100%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0379% / S −0.0320%	1h	8.8920	−0.057%	$558K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0543%	1h	8.9056	+0.096%	$1K	$50K	10x	as long as short
Lighter UNI	+0.0576%	1h	8.9094	+0.139%	$4.6M	$5.4M	15x	as long as short
Injective UNI/USDC PERP	+0.2702%	1h	8.7900	−1.203%	$657	$97K	12x	as long as short