Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0096%/8h= +10.5% APRpaid last 24h +0.025%

Price spread now: Binance against gTrade (Gains Network)+0.318%52s7-day average — · you sell dearer than you buy

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

Long on gTrade (Gains Network)Short on Binance

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—needs both histories

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Binance is 0.318% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$32 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 52 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	gTrade (Gains Network) UNI/USD	8.8540	L +0.0004% / S −0.0006%	pay 0.0001% / 1h	33m 30s	$80K	—	150x
Short	Binance UNIUSDT	8.8822	0.0100	get 0.0100% / 8h	2h 33m	$217.3M	$594.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee BinancebpOrdersPrice spread, now +0.318%Rate

Funding earned: $20.14
Price spread: +0.318% → 0.000%: $31.79
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: $31.93
Costs to cover: 0.200%
Break-even: from the start

Slippage unknown: gTrade (Gains Network): no order-book sample; Binance: live order book, 10 min ago. 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Binance live order book, 10 min ago	0.56 bp	6.9 bp −$7	12.7 bp −$127	45.4 bp −$4,541	173.9 bp −$87.0K

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
Variational Omni UNI	−0.0185%	8h	8.8292	−0.280%	$3.9M	$4.6M	—	as long as short
Bybit UNIUSDT	−0.0154%	8h	8.8830	+0.327%	$101.9M	$105.2M	75x	as long as short
01 Exchange UNIUSD	0.0000%	1h	8.8846	+0.345%	$443	—	10x	as long as short
Deribit UNI_USDC-PERPETUAL	0.0000%	1h	8.8567	+0.030%	$553K	$125K	50x	as long as short
gTrade (Gains Network) UNI/USDlong	L +0.0004% / S −0.0006%	1h	8.8540	long leg	$80K	—	150x
OKX UNI-USDT-SWAP	+0.0013%	8h	8.8810	+0.305%	$54.5M	$246.7M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8813	+0.308%	$25K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.8852	+0.353%	$847K	$3.9M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.8853	+0.354%	$1.0M	$3.4M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.8900	+0.406%	$297K	$561K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance UNIUSDTshort	+0.0100%	8h	8.8822	+0.318%	$217.3M	$594.0M	75x
Arcus UNI-USD	+0.0100%	1h	8.8900	+0.406%	$274K	$612K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.8840	+0.339%	$23.1M	$59.1M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.8970	+0.485%	$43.1M	$24.5M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.8930	+0.440%	$13.8M	$13.7M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8780	+0.271%	$32.3M	$41.3M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	8.8820	+0.316%	—	$49.8M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8551	+0.012%	$984K	$2.3M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8490	−0.057%	$166K	$343K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8615	+0.085%	$619K	$2.5M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8490	−0.057%	$84K	$712K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8560	+0.022%	$105K	$3.2M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.8555	+0.017%	$87K	$323K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8510	−0.034%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.8564	+0.027%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.8505	−0.040%	$25K	$661K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.8657	+0.132%	$724K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8550	+0.011%	$26.7M	$4.3M	50x	as long as short
dYdX UNI-USD	+0.0100%	1h	8.8986	+0.503%	$246K	$5K	10x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8800	+0.293%	$300K	$1.4M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8528	−0.013%	$31K	$1K	3x	as long as short
Coinbase International UNI-PERP-INTX	+0.0200%	1h	8.8640	+0.113%	$1.0M	$5.3M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.8480	−0.068%	$9.8M	$3.3M	75x	as long as short
Kraken Futures PF_UNIUSD	+0.0269%	1h	8.8584	+0.050%	$4.9M	$7.1M	50x	as long as short
Hyperliquid UNI	+0.0312%	1h	8.8820	+0.316%	$96.6M	$59.9M	10x	as long as short
Reya UNIRUSDPERP	+0.0360%	1h	8.8493	−0.053%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0379% / S −0.0320%	1h	8.8532	−0.009%	$555K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0475%	1h	8.8525	−0.017%	$1K	$50K	10x	as long as short
Lighter UNI	+0.0536%	1h	8.8922	+0.431%	$4.5M	$5.4M	15x	as long as short
Injective UNI/USDC PERP	+0.2702%	1h	8.7900	−0.723%	$657	$97K	12x	as long as short