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 +0.009%

Price spread now: GRVT against gTrade (Gains Network)−0.466%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 GRVT

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 airdropGRVT: Active · farm boardneeds both histories

Funding pays, the price is against you. GRVT is 0.466% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.466% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$47 on $10k: about 16 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	8.9030	L +0.0004% / S −0.0006%	pay 0.0001% / 1h	31m 20s	$80K	—	150x
Short	GRVT UNI_USDT_Perp	8.8615	0.0100	get 0.0100% / 8h	2h 31m	$619K	$2.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.466%Rate

Funding earned: $20.14
Price spread: −0.466% → 0.000%: −$46.59
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$45.45
Costs to cover: 0.190%
Break-even: 22.8 days

Slippage unknown: gTrade (Gains Network): no order-book sample; GRVT: 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 GRVT live order book, 2 min ago	1.13 bp	8.2 bp −$8	17.0 bp −$170	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
Variational Omni UNI	−0.0185%	8h	8.8292	−0.829%	$3.9M	$4.6M	—	as long as short
Bybit UNIUSDT	−0.0147%	8h	8.8980	−0.056%	$101.8M	$105.6M	75x	as long as short
01 Exchange UNIUSD	0.0000%	1h	8.9136	+0.119%	$445	—	10x	as long as short
Deribit UNI_USDC-PERPETUAL	0.0000%	1h	8.9065	+0.039%	$563K	$136K	50x	as long as short
gTrade (Gains Network) UNI/USDlong	L +0.0004% / S −0.0006%	1h	8.9030	long leg	$80K	—	150x
OKX UNI-USDT-SWAP	+0.0014%	8h	8.8980	−0.056%	$54.7M	$247.3M	50x	as long as short
dYdX UNI-USD	+0.0093%	1h	8.8781	−0.280%	$246K	$5K	10x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8776	−0.285%	$25K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.9110	+0.090%	$849K	$3.9M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.8878	−0.171%	$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	8.8806	−0.251%	$297K	$561K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.9045	+0.016%	$217.8M	$594.2M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.8890	−0.157%	$274K	$612K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.9130	+0.112%	$23.2M	$59.1M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.9140	+0.123%	$43.2M	$24.5M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.9170	+0.157%	$13.8M	$13.7M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8980	−0.056%	$32.3M	$41.3M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.9000	−0.034%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8710	−0.360%	$985K	$2.3M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8743	−0.322%	$167K	$344K	20x	as long as short
GRVT UNI_USDT_Perpshort	+0.0100%	8h	8.8615	−0.466%	$619K	$2.5M	10x
ApeX Omni UNIUSDT	+0.0100%	1h	8.8860	−0.191%	$84K	$712K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8700	−0.371%	$105K	$3.2M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.9192	+0.182%	$87K	$324K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.9000	−0.034%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.9189	+0.178%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.9002	−0.032%	$25K	$666K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.8851	−0.201%	$725K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8650	−0.427%	$26.7M	$4.3M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8985	−0.051%	$302K	$1.4M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.9021	−0.010%	$32K	$1K	3x	as long as short
Coinbase International UNI-PERP-INTX	+0.0200%	1h	8.9080	+0.056%	$1.0M	$5.4M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.8710	−0.360%	$9.8M	$3.3M	75x	as long as short
Kraken Futures PF_UNIUSD	+0.0267%	1h	8.9021	−0.010%	$5.0M	$7.1M	50x	as long as short
Hyperliquid UNI	+0.0302%	1h	8.9270	+0.269%	$97.1M	$59.9M	10x	as long as short
Reya UNIRUSDPERP	+0.0360%	1h	8.9148	+0.133%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0379% / S −0.0320%	1h	8.9018	−0.014%	$557K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0490%	1h	8.8671	−0.404%	$1K	$50K	10x	as long as short
Lighter UNI	+0.0536%	1h	8.8965	−0.073%	$4.5M	$5.4M	15x	as long as short
Injective UNI/USDC PERP	+0.2702%	1h	8.7900	−1.269%	$657	$97K	12x	as long as short