Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0096%/8h= +10.5% APRpaid last 24h +0.029%

Price spread now: BingX against gTrade (Gains Network)−0.084%7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on BingX

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

Funding pays, the price is against you. BingX is 0.084% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.084% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 2.9 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) UNI/USD	8.8424	L +0.0004% / S −0.0006%	pay 0.0001% / 1h	38m 00s	$80K	—	150x
Short	BingX UNI-USDT	8.8350	0.0100	get 0.0100% / 8h	1h 38m	—	$51.9M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.084%Rate

Funding earned: $20.14
Price spread: −0.084% → 0.000%: −$8.37
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$8.23
Costs to cover: 0.200%
Break-even: 9.9 days

Slippage unknown: gTrade (Gains Network): no order-book sample; BingX: live order book, 16 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 BingX live order book, 16 min ago	0.57 bp	6.3 bp −$6	10.2 bp −$102	20.0 bp −$2,005	72.0 bp −$36.0K

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	−0.0078%	8h	8.8285	−0.157%	$3.9M	$4.6M	—	as long as short
Bybit UNIUSDT	−0.0026%	8h	8.8300	−0.140%	$100.8M	$104.4M	75x	as long as short
Deribit UNI_USDC-PERPETUAL	0.0000%	1h	8.8430	+0.007%	$563K	$157K	50x	as long as short
gTrade (Gains Network) UNI/USDlong	L +0.0004% / S −0.0006%	1h	8.8424	long leg	$80K	—	150x
Injective UNI/USDC PERP	+0.0033%	1h	8.7900	−0.593%	$657	$96K	12x	as long as short
OKX UNI-USDT-SWAP	+0.0038%	8h	8.8310	−0.129%	$54.7M	$243.5M	50x	as long as short
01 Exchange UNIUSD	+0.0040%	1h	8.8382	−0.047%	$441	—	10x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8298	−0.142%	$25K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.8360	−0.072%	$862K	$4.0M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.8390	−0.038%	$1.0M	$3.4M	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	8.8320	−0.118%	$296K	$570K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.8327	−0.110%	$216.9M	$588.4M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.8420	−0.005%	$273K	$606K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.8350	−0.084%	$22.9M	$58.4M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.8370	−0.061%	$42.6M	$24.4M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.8340	−0.095%	$13.5M	$13.8M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8340	−0.095%	$32.1M	$41.3M	75x	as long as short
BingX UNI-USDTshort	+0.0100%	8h	8.8350	−0.084%	—	$51.9M	—
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8367	−0.064%	$978K	$2.3M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8253	−0.193%	$166K	$342K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8239	−0.210%	$612K	$2.5M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8240	−0.208%	$87K	$714K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8340	−0.095%	$105K	$3.2M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.8380	−0.050%	$87K	$351K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8380	−0.050%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.8397	−0.031%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.8335	−0.101%	$25K	$666K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.8483	+0.067%	$727K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8370	−0.061%	$26.6M	$4.5M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8352	−0.082%	$300K	$1.4M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8340	−0.095%	$31K	$1K	3x	as long as short
dYdX UNI-USD	+0.0119%	1h	8.8366	−0.066%	$245K	$6K	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.8400	−0.027%	$9.8M	$3.3M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0224%	1h	8.8410	−0.016%	$1.0M	$5.3M	50x	as long as short
Hyperliquid UNI	+0.0332%	1h	8.8475	+0.058%	$96.8M	$59.1M	10x	as long as short
Kraken Futures PF_UNIUSD	+0.0343%	1h	8.8378	−0.052%	$4.9M	$7.0M	50x	as long as short
Reya UNIRUSDPERP	+0.0362%	1h	8.8352	−0.082%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0379% / S −0.0319%	1h	8.8414	−0.011%	$554K	—	120x	as long as short
Lighter UNI	+0.0584%	1h	8.8515	+0.103%	$4.5M	$5.2M	15x	as long as short
Aftermath Perps UNIUSD	+0.0613%	1h	8.8280	−0.163%	$1K	$49K	10x	as long as short