Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0143%/8h= +15.7% APRpaid last 24h +0.095%

Price spread now: GMX against edgeX+0.056%50s7-day average +0.017% · you sell dearer than you buy

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

Long on edgeX Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.096%+$10 on $10k

Price spread, last 4 days (all we have)+0.151%+$15 · spread now +0.056%, 7d avg +0.017%

Together, before fees+0.248%+ Points / potential airdropedgeX: Active · farm board+$25 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and GMX is 0.038% dearer against edgeX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.017%. The two prices were read 50 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	8.8683	0.0100	pay 0.0050% / 4h	1h 07m	$168K	$345K	20x
Short	GMX UNI/USD [UNI-USDC]	8.8732	L +0.0381% / S −0.0243%	get 0.0030% / 1h	7m 32s	$631K	—	120x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now +0.056%Rate

Funding earned: $30.13
Price spread: +0.056% → +0.017%: $3.85
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee GMX: 6 bp × 2 orders: −$12
Net: $12.98
Costs to cover: 0.210%
Break-even: 4.0 days

Slippage unknown: edgeX: live order book, 36 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 edgeX live order book, 36 min ago	2.24 bp	6.7 bp −$7	17.5 bp −$175	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
Polymarket Perps UNI-USD	−0.0089%	1h	8.8684	+0.001%	$106K	$618K	10x	as long as short
01 Exchange UNIUSD	−0.0024%	1h	8.8739	+0.063%	$443	$5	10x	as long as short
Kraken Futures PF_UNIUSD	−0.0017%	1h	8.8770	+0.098%	$4.7M	$8.6M	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0007%	1h	8.8726	+0.049%	$49K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−0.432%	$660	$153K	12x	as long as short
Nado UNI-PERP	+0.0042%	1h	8.8630	−0.060%	$736K	$4.7M	10x	as long as short
Lighter UNI	+0.0096%	1h	8.8774	+0.103%	$4.5M	$5.7M	15x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8625	−0.065%	$25K	—	20x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.8756	+0.082%	$727K	$3.6M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.8664	−0.021%	$284K	$590K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance UNIUSDT	+0.0100%	8h	8.8760	+0.087%	$214.3M	$656.9M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	8.8740	+0.064%	$98.3M	$111.4M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	8.8620	−0.071%	$53.9M	$263.8M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.8800	+0.132%	$317K	$695K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.8710	+0.031%	$25.2M	$66.7M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.8670	−0.014%	$48.5M	$26.6M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.8660	−0.026%	$13.0M	$13.4M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8650	−0.037%	$32.4M	$45.3M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.8650	−0.037%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8843	+0.181%	$1.1M	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	8.8779	+0.108%	$4.1M	$4.3M	—	as long as short
edgeX UNIUSDClong	+0.0100%	4h	8.8683	long leg	$168K	$345K	20x
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8665	−0.020%	$620K	$2.7M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8740	+0.064%	$89K	$709K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8770	+0.098%	$15K	$3.4M	20x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8670	−0.014%	$16K	$2.0M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.8766	+0.094%	$36K	$1.4M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.8705	+0.025%	$32K	$887K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.8785	+0.115%	$695K	$4.8M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8790	+0.121%	$26.8M	$4.5M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8640	−0.048%	$292K	$1.7M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8713	+0.034%	$31K	—	3x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0132%	1h	8.8769	+0.097%	$585K	$250K	50x	as long as short
Hyperliquid UNI	+0.0158%	1h	8.8792	+0.123%	$94.4M	$67.5M	10x	as long as short
Coinbase International UNI-PERP-INTX	+0.0192%	1h	8.8760	+0.087%	$924K	$5.5M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.8740	+0.064%	$10.0M	$3.6M	75x	as long as short
dYdX UNI-USD	+0.0359%	1h	8.8665	−0.020%	$233K	$30K	10x	as long as short
Reya UNIRUSDPERP	+0.0379%	1h	8.8667	−0.018%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]short	L +0.0381% / S −0.0243%	1h	8.8732	+0.056%	$631K	—	120x
Aftermath Perps UNIUSD	+0.0511%	1h	8.8866	+0.207%	$948	$53K	10x	as long as short