Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0096%/8h= +10.5% APRpaid last 24h +0.029%

Price spread now: Bitget against gTrade (Gains Network)−0.109%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 Bitget

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. Bitget is 0.109% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.109% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 3.8 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	8.8597	L +0.0004% / S −0.0007%	pay 0.0001% / 1h	58m 50s	$49K	—	150x
Short	Bitget UNIUSDT	8.8500	0.0100	get 0.0100% / 8h	58m 50s	$32.5M	$45.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.109%Rate

Funding earned: $20.14
Price spread: −0.109% → 0.000%: −$10.94
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$12.8
Costs to cover: 0.220%
Break-even: 11.5 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Bitget: live order book, 5 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 Bitget live order book, 5 min ago	1.69 bp	10.4 bp −$10	16.5 bp −$165	29.4 bp −$2,940	doesn't fit

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
Nado UNI-PERP	−0.0317%	1h	8.8585	−0.013%	$736K	$4.7M	10x	as long as short
Kraken Futures PF_UNIUSD	−0.0307%	1h	8.8617	+0.023%	$4.7M	$8.6M	50x	as long as short
Polymarket Perps UNI-USD	−0.0071%	1h	8.8580	−0.019%	$106K	$616K	10x	as long as short
01 Exchange UNIUSD	−0.0024%	1h	8.8650	+0.060%	$442	$5	10x	as long as short
gTrade (Gains Network) UNI/USDlong	L +0.0004% / S −0.0007%	1h	8.8597	long leg	$49K	—	150x
Deribit UNI_USDC-PERPETUAL	+0.0005%	1h	8.8624	+0.030%	$584K	$250K	50x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−0.335%	$660	$153K	12x	as long as short
Lighter UNI	+0.0096%	1h	8.8671	+0.084%	$4.4M	$5.5M	15x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8657	+0.068%	$25K	—	20x	as long as short
Hyperliquid UNI	+0.0100%	1h	8.8659	+0.070%	$94.3M	$67.7M	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster UNIUSDT	+0.0100%	8h	8.8592	−0.006%	$725K	$3.6M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.8690	+0.105%	$284K	$590K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.8514	−0.093%	$213.9M	$657.6M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	8.8490	−0.121%	$98.0M	$111.4M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	8.8480	−0.132%	$53.9M	$263.7M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.8680	+0.094%	$316K	$695K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.8540	−0.064%	$25.2M	$65.6M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.8550	−0.053%	$48.3M	$26.0M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.8570	−0.030%	$13.0M	$13.4M	75x	as long as short
Bitget UNIUSDTshort	+0.0100%	8h	8.8500	−0.109%	$32.5M	$45.4M	75x
BingX UNI-USDT	+0.0100%	8h	8.8530	−0.076%	—	$57.1M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8610	+0.015%	$1.1M	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	8.8510	−0.099%	$4.1M	$4.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8559	−0.043%	$168K	$347K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8480	−0.132%	$619K	$2.7M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8620	+0.026%	$89K	$709K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8720	+0.139%	$15K	$3.4M	20x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8590	−0.008%	$16K	$2.0M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.8710	+0.128%	$36K	$1.4M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.8560	−0.042%	$32K	$887K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.8677	+0.090%	$694K	$4.8M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8590	−0.008%	$26.7M	$4.5M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8501	−0.109%	$289K	$1.7M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8565	−0.036%	$31K	—	3x	as long as short
Coinbase International UNI-PERP-INTX	+0.0200%	1h	8.8710	+0.128%	$924K	$5.4M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.8580	−0.019%	$10.0M	$3.6M	75x	as long as short
Reya UNIRUSDPERP	+0.0380%	1h	8.8547	−0.056%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0243%	1h	8.8594	−0.003%	$630K	—	120x	as long as short
dYdX UNI-USD	+0.0389%	1h	8.8654	+0.064%	$233K	$30K	10x	as long as short
Aftermath Perps UNIUSD	+0.0506%	1h	8.8701	+0.118%	$947	$53K	10x	as long as short