Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.003%

Price spread now: Backpack against Gate+0.020%7-day average +0.500% · you sell dearer than you buy

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs−$90as in the Price arb table

costs, in and out, $10k−$420.420% of the position

Long on Gate Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days+0.101%+$10 on $10k

Price spread, last 7 days+0.548%+$55 · spread now +0.020%, 7d avg +0.500%

Together, before fees+0.649%+$65 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Backpack is 0.479% cheaper against Gate than usual: you would sell low and buy high, −$48 on $10k if it goes back to its 7-day average of +0.500%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate UNI_USDT	8.9080	0.0100	pay 0.0100% / 8h	2h 18m	$23.1M	$59.3M	75x
Short	Backpack UNI_USDC_PERP	8.9098	0.0100	get 0.0013% / 1h	18m 50s	$988K	$2.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Gate. 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 GatebpFee BackpackbpOrdersPrice spread, now +0.020%Rate

Funding earned: $0
Price spread: +0.020% → +0.500%: −$47.95
Slippage, 4 orders: −$17.02
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$89.97
Costs to cover: 0.420%
Break-even: never at this rate

Slippage from Gate: live order book, 5 min ago; Backpack: live order book, 5 min ago.

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 Gate live order book, 5 min ago	1.68 bp	16.9 bp −$17	24.0 bp −$240	41.1 bp −$4,114	64.3 bp −$32.2K
Sell Backpack live order book, 5 min ago	0.22 bp	5.6 bp −$6	148.9 bp −$1,489	doesn't fit	doesn't fit

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	−0.0146%	8h	8.9020	−0.067%	$4.0M	$4.6M	—	as long as short
Bybit UNIUSDT	−0.0106%	8h	8.9000	−0.090%	$101.5M	$105.9M	75x	as long as short
Deribit UNI_USDC-PERPETUAL	0.0000%	1h	8.9125	+0.050%	$564K	$138K	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0006%	1h	8.9100	+0.023%	$80K	—	150x	as long as short
01 Exchange UNIUSD	+0.0024%	1h	8.9184	+0.117%	$445	—	10x	as long as short
OKX UNI-USDT-SWAP	+0.0024%	8h	8.9000	−0.090%	$54.9M	$248.3M	50x	as long as short
dYdX UNI-USD	+0.0099%	1h	8.9225	+0.163%	$247K	$5K	10x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.9148	+0.077%	$25K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.9130	+0.056%	$852K	$4.0M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.9110	+0.034%	$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	8.9184	+0.117%	$302K	$563K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.9010	−0.079%	$217.6M	$595.6M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.9200	+0.135%	$275K	$612K	10x	as long as short
Gate UNI_USDTlong	+0.0100%	8h	8.9080	long leg	$23.1M	$59.3M	75x
MEXC UNI_USDT	+0.0100%	8h	8.9050	−0.034%	$43.2M	$24.7M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.9060	−0.022%	$13.5M	$13.9M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.9040	−0.045%	$32.3M	$41.5M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	8.9030	−0.056%	—	$50.0M	—	as long as short
Backpack UNI_USDC_PERPshort	+0.0100%	1h	8.9098	+0.020%	$988K	$2.3M	10x
edgeX UNIUSDC	+0.0100%	4h	8.9040	−0.045%	$167K	$343K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.9080	0.000%	$619K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.9090	+0.011%	$84K	$713K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.9030	−0.056%	$106K	$3.2M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.9171	+0.102%	$94K	$333K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.9060	−0.022%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.9189	+0.122%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.9058	−0.025%	$25K	$666K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.9266	+0.209%	$728K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.9060	−0.022%	$26.8M	$4.3M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.9041	−0.044%	$308K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.9095	+0.017%	$32K	$1K	3x	as long as short
Coinbase International UNI-PERP-INTX	+0.0200%	1h	8.9310	+0.258%	$1.0M	$5.4M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.9150	+0.079%	$9.8M	$3.4M	75x	as long as short
Kraken Futures PF_UNIUSD	+0.0267%	1h	8.9155	+0.084%	$5.0M	$7.1M	50x	as long as short
Hyperliquid UNI	+0.0293%	1h	8.9138	+0.065%	$97.0M	$59.8M	10x	as long as short
Reya UNIRUSDPERP	+0.0360%	1h	8.9129	+0.055%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0379% / S −0.0320%	1h	8.9097	+0.019%	$559K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0530%	1h	8.9203	+0.138%	$1K	$50K	10x	as long as short
Lighter UNI	+0.0576%	1h	8.9261	+0.203%	$4.6M	$5.4M	15x	as long as short
Injective UNI/USDC PERP	+0.2702%	1h	8.7900	−1.325%	$657	$97K	12x	as long as short