UNI

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0243%/8h= +26.7% APRnext payment +$0.30 per $10,000 · paid last 24h +0.092%

Price spread now: GMX against Deribit−0.006%54s7-day average −0.024% · you buy dearer than you sell

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

Long on Deribit Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.060%+$6 on $10k

Price spread, last 4 days (all we have)−0.126%−$13 · spread now −0.006%, 7d avg −0.024%

Together, before fees−0.067%−$7 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.024%, so right now this pair is about funding alone: +$7 a day on $10k at the current rate. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.060% in total (about 6.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.30 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit UNI_USDC-PERPETUAL	9.0027	0	get 0.0000% / 1h	59m 18s	$593K	$247K	50x
Short	GMX UNI/USD [UNI-USDC]	9.0022	L +0.0381% / S −0.0243%	get 0.0030% / 1h	59m 18s	$640K	—	120x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −0.006%Rate

Funding earned: $51.13
Price spread: −0.006% → −0.024%: $1.75
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee GMX: 6 bp × 2 orders: −$12
Net: $33.89
Costs to cover: 0.190%
Break-even: 2.4 days

Slippage unknown: Deribit: live order book, 50 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 Deribit live order book, 50 min ago	6.95 bp	14.7 bp −$15	21.4 bp −$214	doesn't fit	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
Nado UNI-PERP	−0.0108%	1h	8.9972	−0.061%	$775K	$4.7M	10x	as long as short
Kraken Futures PF_UNIUSD	−0.0017%	1h	9.0029	+0.002%	$4.8M	$8.6M	50x	as long as short
Deribit UNI_USDC-PERPETUALlong	0.0000%	1h	9.0027	long leg	$593K	$247K	50x
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0007%	1h	9.0022	−0.006%	$49K	—	150x	as long as short
01 Exchange UNIUSD	+0.0032%	1h	8.9947	−0.089%	$449	$5	10x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−1.919%	$660	$153K	12x	as long as short
Polymarket Perps UNI-USD	+0.0048%	1h	8.9874	−0.170%	$123K	$585K	10x	as long as short
Lighter UNI	+0.0096%	1h	9.0089	+0.069%	$4.5M	$5.6M	15x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.9867	−0.177%	$26K	—	20x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.0049	+0.024%	$743K	$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	8.9993	−0.037%	$288K	$593K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.0000	−0.030%	$218.3M	$659.3M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	8.9990	−0.041%	$100.2M	$112.4M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	8.9980	−0.052%	$54.8M	$268.2M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.0010	−0.019%	$321K	$705K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.9990	−0.041%	$24.8M	$65.8M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.9910	−0.130%	$49.5M	$26.5M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0020	−0.008%	$13.2M	$13.4M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.9990	−0.041%	$33.1M	$45.8M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	8.9990	−0.041%	—	$57.3M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.9962	−0.072%	$1.1M	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.0088	+0.068%	$4.1M	$4.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.0227	+0.222%	$171K	$347K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0110	+0.092%	$624K	$2.7M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0270	+0.270%	$91K	$709K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0250	+0.247%	$15K	$3.5M	20x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.9990	−0.041%	$17K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.0071	+0.049%	$37K	$1.4M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.9970	−0.064%	$32K	$886K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.0098	+0.079%	$702K	$5.0M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.9980	−0.052%	$27.2M	$4.5M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.9939	−0.098%	$301K	$1.7M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0001	−0.029%	$32K	—	3x	as long as short
dYdX UNI-USD	+0.0136%	1h	8.9982	−0.050%	$237K	$31K	10x	as long as short
Coinbase International UNI-PERP-INTX	+0.0184%	1h	9.0070	+0.048%	$939K	$5.7M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.0100	+0.081%	$10.1M	$3.7M	75x	as long as short
Reya UNIRUSDPERP	+0.0377%	1h	8.9877	−0.167%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]short	L +0.0381% / S −0.0243%	1h	9.0022	−0.006%	$640K	—	120x
Aftermath Perps UNIUSD	+0.0488%	1h	9.0120	+0.103%	$1K	$54K	10x	as long as short
Hyperliquid UNI	+0.0559%	1h	9.0048	+0.023%	$96.8M	$66.7M	10x	as long as short