Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0096%/8h= +10.5% APRpaid last 24h +0.029%

Price spread now: Gate against gTrade (Gains Network)−0.238%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 Gate

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. Gate is 0.238% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.238% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$24 on $10k: about 8.3 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	8.8521	L +0.0004% / S −0.0006%	pay 0.0001% / 1h	36m 32s	$80K	—	150x
Short	Gate UNI_USDT	8.8310	0.0100	get 0.0100% / 8h	2h 36m	$22.9M	$59.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.238%Rate

Funding earned: $20.14
Price spread: −0.238% → 0.000%: −$23.85
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$28.71
Costs to cover: 0.250%
Break-even: 17.0 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Gate: live order book, 2 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 Gate live order book, 2 min ago	1.13 bp	12.9 bp −$13	22.6 bp −$226	46.0 bp −$4,602	70.2 bp −$35.1K

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	−0.0193%	8h	8.8610	+0.101%	$3.9M	$4.6M	—	as long as short
Bybit UNIUSDT	−0.0162%	8h	8.8330	−0.216%	$102.1M	$104.4M	75x	as long as short
01 Exchange UNIUSD	−0.0008%	1h	8.8405	−0.131%	$441	—	10x	as long as short
gTrade (Gains Network) UNI/USDlong	L +0.0004% / S −0.0006%	1h	8.8521	long leg	$80K	—	150x
OKX UNI-USDT-SWAP	+0.0012%	8h	8.8350	−0.193%	$54.3M	$245.1M	50x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0024%	1h	8.8585	+0.072%	$553K	$125K	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8283	−0.269%	$25K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.8395	−0.142%	$857K	$3.9M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.8368	−0.173%	$1.0M	$3.4M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.8330	−0.216%	$295K	$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 UNIUSDT	+0.0100%	8h	8.8360	−0.182%	$216.2M	$593.5M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.8390	−0.148%	$272K	$612K	10x	as long as short
Gate UNI_USDTshort	+0.0100%	8h	8.8310	−0.238%	$22.9M	$59.0M	75x
MEXC UNI_USDT	+0.0100%	8h	8.8320	−0.227%	$42.7M	$24.5M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.8300	−0.250%	$13.8M	$13.7M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8270	−0.284%	$31.9M	$41.0M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	8.8300	−0.250%	—	$49.8M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8533	+0.013%	$983K	$2.3M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8350	−0.194%	$166K	$342K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8604	+0.094%	$625K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8660	+0.157%	$84K	$711K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8300	−0.250%	$105K	$3.2M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.8501	−0.023%	$87K	$323K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8500	−0.024%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.8445	−0.086%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.8478	−0.049%	$25K	$661K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.8600	+0.089%	$723K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8510	−0.013%	$26.7M	$4.3M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8276	−0.277%	$298K	$1.4M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8531	+0.012%	$31K	$1K	3x	as long as short
dYdX UNI-USD	+0.0113%	1h	8.8356	−0.186%	$245K	$5K	10x	as long as short
Coinbase International UNI-PERP-INTX	+0.0200%	1h	8.8540	+0.021%	$1.0M	$5.3M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.8520	−0.001%	$9.8M	$3.3M	75x	as long as short
Kraken Futures PF_UNIUSD	+0.0269%	1h	8.8549	+0.032%	$4.9M	$7.1M	50x	as long as short
Hyperliquid UNI	+0.0332%	1h	8.8473	−0.054%	$96.2M	$59.8M	10x	as long as short
Reya UNIRUSDPERP	+0.0360%	1h	8.8460	−0.070%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0379% / S −0.0320%	1h	8.8500	−0.024%	$555K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0460%	1h	8.8472	−0.056%	$1K	$50K	10x	as long as short
Lighter UNI	+0.0528%	1h	8.8490	−0.035%	$4.5M	$5.4M	15x	as long as short
Injective UNI/USDC PERP	+0.2702%	1h	8.7900	−0.702%	$657	$97K	12x	as long as short