Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.021%

Price spread now: GRVT against Extended+0.225%72s7-day average +0.042% · you sell dearer than you buy

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$310.312% of the position

Long on Extended Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.085%−$8 on $10k

Price spread, last 7 days−0.142%−$14 · spread now +0.225%, 7d avg +0.042%

Together, before fees−0.226%+ Points / potential airdropExtended: Active · GRVT: Active · farm board−$23 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: GRVT is 0.183% dearer against Extended than usual: you sell high and buy low, +$18 on $10k if it goes back to its 7-day average of +0.042%. The two prices were read 72 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	Extended UNI-USD	8.8112	0.0104	pay 0.0013% / 1h	52m 05s	$307K	$1.4M	25x
Short	GRVT UNI_USDT_Perp	8.8310	0.0100	get 0.0100% / 8h	2h 52m	$619K	$2.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against Extended. 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 ExtendedbpFee GRVTbpOrdersPrice spread, now +0.225%Rate

Funding earned: −$0.84
Price spread: +0.225% → +0.042%: $18.34
Slippage, 4 orders: −$17.21
Fee Extended: 2.5 bp × 2 orders: −$5
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$13.71
Costs to cover: 0.312%
Break-even: never at this rate

Slippage from Extended: live order book, 1 min ago; GRVT: live order book, 2 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 Extended live order book, 1 min ago	0.06 bp	4.6 bp −$5	11.2 bp −$112	doesn't fit	doesn't fit
Sell GRVT live order book, 2 min ago	1.70 bp	12.5 bp −$12	21.8 bp −$218	doesn't fit	doesn't fit

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	−0.0201%	8h	8.8015	−0.110%	$3.9M	$4.9M	—	as long as short
Bybit UNIUSDT	−0.0192%	8h	8.8110	−0.002%	$102.6M	$103.9M	75x	as long as short
01 Exchange UNIUSD	−0.0064%	1h	8.8166	+0.062%	$440	—	10x	as long as short
Deribit UNI_USDC-PERPETUAL	0.0000%	1h	8.8223	+0.126%	$551K	$125K	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0006%	1h	8.8196	+0.096%	$79K	—	150x	as long as short
OKX UNI-USDT-SWAP	+0.0010%	8h	8.8110	−0.002%	$54.3M	$244.7M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8154	+0.048%	$25K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.8065	−0.053%	$851K	$3.9M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.8225	+0.128%	$1.0M	$3.4M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.8171	+0.067%	$297K	$559K	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	8.8143	+0.036%	$215.9M	$593.7M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.8240	+0.146%	$272K	$605K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.8130	+0.021%	$22.9M	$58.9M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.8160	+0.055%	$42.7M	$24.4M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.8160	+0.055%	$13.7M	$13.6M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8120	+0.010%	$31.9M	$41.0M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.8110	−0.002%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8172	+0.069%	$976K	$2.4M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8265	+0.174%	$166K	$342K	20x	as long as short
GRVT UNI_USDT_Perpshort	+0.0100%	8h	8.8310	+0.225%	$619K	$2.6M	10x
ApeX Omni UNIUSDT	+0.0100%	1h	8.8040	−0.081%	$83K	$713K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8250	+0.157%	$105K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.8168	+0.064%	$87K	$336K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8170	+0.066%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.8188	+0.087%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.8150	+0.044%	$28K	$659K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.8250	+0.157%	$721K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8180	+0.078%	$26.6M	$4.3M	50x	as long as short
Extended UNI-USDlong	+0.0104%	1h	8.8112	long leg	$307K	$1.4M	25x
Aevo UNI-PERP	+0.0104%	1h	8.8223	+0.126%	$31K	$1K	3x	as long as short
Coinbase International UNI-PERP-INTX	+0.0200%	1h	8.8280	+0.191%	$1.0M	$5.3M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.8190	+0.089%	$9.8M	$3.3M	75x	as long as short
dYdX UNI-USD	+0.0264%	1h	8.8220	+0.123%	$244K	$5K	10x	as long as short
Kraken Futures PF_UNIUSD	+0.0270%	1h	8.8216	+0.119%	$4.9M	$7.1M	50x	as long as short
Reya UNIRUSDPERP	+0.0359%	1h	8.8121	+0.011%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0380% / S −0.0320%	1h	8.8209	+0.111%	$553K	—	120x	as long as short
Lighter UNI	+0.0408%	1h	8.8321	+0.238%	$4.5M	$5.3M	15x	as long as short
Hyperliquid UNI	+0.0424%	1h	8.8262	+0.171%	$95.8M	$59.6M	10x	as long as short
Aftermath Perps UNIUSD	+0.0504%	1h	8.8218	+0.121%	$1K	$50K	10x	as long as short
Injective UNI/USDC PERP	+0.2702%	1h	8.7900	−0.240%	$657	$97K	12x	as long as short