Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0096%/8h= +10.5% APRpaid last 24h +0.029%

Price spread now: edgeX against gTrade (Gains Network)−0.828%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 edgeX

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—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

Funding pays, the price is against you. edgeX is 0.828% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.828% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$83 on $10k: about 29 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	9.1305	L +0.0004% / S −0.0006%	pay 0.0001% / 1h	34m 36s	$24K	—	150x
Short	edgeX UNIUSDC	9.0550	0.0100	get 0.0050% / 4h	1h 34m	$171K	$345K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.828%Rate

Funding earned: $20.14
Price spread: −0.828% → 0.000%: −$82.77
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$81.63
Costs to cover: 0.190%
Break-even: 35.4 days

Slippage unknown: gTrade (Gains Network): no order-book sample; edgeX: live order book, 29 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 edgeX live order book, 29 min ago	2.18 bp	6.7 bp −$7	18.7 bp −$187	doesn't fit	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
gTrade (Gains Network) UNI/USDlong	L +0.0004% / S −0.0006%	1h	9.1305	long leg	$24K	—	150x
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−3.291%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0064%	1h	9.0930	−0.411%	$454	$5	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.1225	−0.088%	$952K	$4.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.1216	−0.098%	$1.0M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.0931	−0.410%	$296K	$568K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.0916	−0.426%	$226.4M	$610.1M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.0860	−0.488%	$102.1M	$107.9M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.0860	−0.488%	$56.1M	$252.1M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.0960	−0.378%	$288K	$614K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate UNI_USDT	+0.0100%	8h	9.0850	−0.499%	$23.5M	$59.6M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0900	−0.444%	$49.2M	$25.1M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0890	−0.455%	$13.6M	$12.9M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0830	−0.521%	$33.3M	$42.6M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	9.0860	−0.488%	—	$56.6M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.1219	−0.095%	$991K	$2.2M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.1137	−0.184%	$4.2M	$4.3M	—	as long as short
edgeX UNIUSDCshort	+0.0100%	4h	9.0550	−0.828%	$171K	$345K	20x
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0749	−0.609%	$631K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0620	−0.751%	$89K	$694K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0900	−0.444%	$40K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.1342	+0.040%	$89K	$412K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.1220	−0.093%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.1379	+0.081%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.1259	−0.051%	$22K	$760K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.1417	+0.122%	$713K	$4.4M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.1270	−0.039%	$27.6M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.0867	−0.480%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0803	−0.550%	$303K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.1234	−0.078%	$32K	—	3x	as long as short
dYdX UNI-USD	+0.0111%	1h	9.0932	−0.409%	$239K	$30K	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.1220	−0.093%	$10.5M	$3.6M	75x	as long as short
Kraken Futures PF_UNIUSD	+0.0269%	1h	9.1323	+0.019%	$5.1M	$7.3M	50x	as long as short
Coinbase International UNI-PERP-INTX	+0.0296%	1h	9.1300	−0.006%	$1.1M	$5.1M	50x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0320%	1h	9.1299	−0.007%	$587K	$192K	50x	as long as short
Reya UNIRUSDPERP	+0.0370%	1h	9.1289	−0.018%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.1329	+0.026%	$650K	—	120x	as long as short
Hyperliquid UNI	+0.0529%	1h	9.1065	−0.263%	$98.7M	$59.7M	10x	as long as short
Lighter UNI	+0.0544%	1h	9.1020	−0.312%	$4.7M	$5.6M	15x	as long as short
Aftermath Perps UNIUSD	+0.0955%	1h	9.0972	−0.365%	$883	$47K	10x	as long as short