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 −0.029%

Price spread now: gTrade (Gains Network) against edgeX−0.947%68s7-day average — · you buy dearer than you sell

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

Long on edgeX 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—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.947% cheaper against edgeX than usual: you would sell low and buy high (−$95 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 68 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	edgeX UNIUSDC	9.2667	0.0100	pay 0.0050% / 4h	1h 14m	$175K	$345K	20x
Short	gTrade (Gains Network) UNI/USD	9.1790	L +0.0004% / S −0.0006%	get 0.0001% / 1h	14m 13s	$49K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against edgeX. 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 edgeXbpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.947%Rate

Funding earned: −$19.65
Price spread: −0.947% → 0.000%: −$94.67
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$133.32
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: edgeX: live order book, 49 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 edgeX live order book, 49 min ago	2.18 bp	6.8 bp −$7	14.7 bp −$147	doesn't fit	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	9.1790	−0.947%	$49K	—	150x
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−4.713%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0056%	1h	9.1859	−0.872%	$458	$5	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.1735	−1.006%	$947K	$4.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.1795	−0.941%	$1.0M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.1909	−0.818%	$299K	$573K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.1750	−0.990%	$227.7M	$620.6M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.1730	−1.011%	$103.1M	$109.7M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.1800	−0.936%	$56.7M	$257.8M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.1990	−0.731%	$291K	$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	9.1740	−1.001%	$23.5M	$61.8M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.1750	−0.990%	$49.1M	$25.3M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.1760	−0.979%	$13.8M	$12.9M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.1710	−1.033%	$33.5M	$43.3M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	9.1770	−0.968%	—	$56.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.1939	−0.786%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.2057	−0.659%	$4.3M	$4.2M	—	as long as short
edgeX UNIUSDClong	+0.0100%	4h	9.2667	long leg	$175K	$345K	20x
GRVT UNI_USDT_Perp	+0.0100%	8h	9.2320	−0.375%	$647K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.2680	+0.014%	$90K	$694K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.2140	−0.569%	$51K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.1785	−0.952%	$88K	$418K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.1780	−0.957%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.1798	−0.938%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.1756	−0.983%	$22K	$772K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.2097	−0.615%	$724K	$4.4M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.1770	−0.968%	$27.7M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.1882	−0.848%	$26K	—	20x	as long as short
dYdX UNI-USD	+0.0104%	1h	9.1922	−0.805%	$242K	$31K	10x	as long as short
Extended UNI-USD	+0.0104%	1h	9.1715	−1.027%	$313K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.1780	−0.957%	$33K	—	3x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0144%	1h	9.1815	−0.919%	$588K	$193K	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.1960	−0.763%	$10.4M	$3.6M	75x	as long as short
Kraken Futures PF_UNIUSD	+0.0267%	1h	9.1841	−0.892%	$5.1M	$7.7M	50x	as long as short
Coinbase International UNI-PERP-INTX	+0.0296%	1h	9.1870	−0.860%	$1.1M	$5.4M	50x	as long as short
Reya UNIRUSDPERP	+0.0371%	1h	9.1721	−1.021%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.1793	−0.944%	$653K	—	120x	as long as short
Hyperliquid UNI	+0.0538%	1h	9.1887	−0.842%	$100.2M	$61.6M	10x	as long as short
Lighter UNI	+0.0576%	1h	9.1914	−0.813%	$4.7M	$5.8M	15x	as long as short
Aftermath Perps UNIUSD	+0.0977%	1h	9.2126	−0.584%	$885	$47K	10x	as long as short