Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0144%/8h= +15.8% APRpaid last 24h +0.079%

Price spread now: GMX against Gate+0.095%7-day average +0.040% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Gate Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.081%+$8 on $10k

Price spread, last 3 days (all we have)+0.018%+$2 · spread now +0.095%, 7d avg +0.040%

Together, before fees+0.099%+$10 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and GMX is 0.055% dearer against Gate than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.040%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate UNI_USDT	9.0200	0.0100	pay 0.0100% / 8h	6h 31m	$23.1M	$58.5M	75x
Short	GMX UNI/USD [UNI-USDC]	9.0286	L +0.0381% / S −0.0244%	get 0.0031% / 1h	31m 40s	$643K	—	120x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now +0.095%Rate

Funding earned: $30.27
Price spread: +0.095% → +0.040%: $5.54
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee GMX: 6 bp × 2 orders: −$12
Net: $8.81
Costs to cover: 0.270%
Break-even: 5.0 days

Slippage unknown: Gate: live order book, 2 min ago; GMX: no order-book sample. 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 Gate live order book, 2 min ago	0.56 bp	10.1 bp −$10	20.4 bp −$204	43.0 bp −$4,295	66.6 bp −$33.3K
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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 39 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/USD	L +0.0004% / S −0.0004%	1h	9.0297	+0.108%	$19K	—	150x	as long as short
dYdX UNI-USD	+0.0023%	1h	9.0242	+0.047%	$238K	$30K	10x	as long as short
01 Exchange UNIUSD	+0.0024%	1h	9.0306	+0.118%	$451	—	10x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−2.106%	$660	$154K	12x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.0300	+0.111%	$932K	$4.3M	10x	as long as short
Hyperliquid UNI	+0.0100%	1h	9.0325	+0.139%	$98.1M	$60.1M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.0332	+0.147%	$1.0M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.0239	+0.043%	$295K	$580K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.0340	+0.155%	$225.4M	$611.7M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.0300	+0.111%	$101.1M	$107.6M	75x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX UNI-USDT-SWAP	+0.0100%	8h	9.0180	−0.022%	$55.6M	$253.8M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.0270	+0.078%	$286K	$636K	10x	as long as short
Gate UNI_USDTlong	+0.0100%	8h	9.0200	long leg	$23.1M	$58.5M	75x
MEXC UNI_USDT	+0.0100%	8h	9.0200	0.000%	$49.4M	$26.1M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0260	+0.067%	$13.4M	$13.8M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0160	−0.044%	$33.0M	$42.8M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	9.0210	+0.011%	—	$57.3M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.0255	+0.061%	$987K	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	8.9961	−0.265%	$4.1M	$4.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.9955	−0.272%	$169K	$345K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.9959	−0.267%	$630K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0020	−0.200%	$88K	$706K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.9840	−0.399%	$55K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.0352	+0.169%	$86K	$410K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.0270	+0.078%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.0320	+0.133%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.0232	+0.035%	$22K	$715K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.0400	+0.222%	$719K	$4.2M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.0240	+0.044%	$27.2M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.0135	−0.072%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0167	−0.037%	$300K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0284	+0.093%	$32K	—	3x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0256%	1h	9.0315	+0.128%	$586K	$201K	50x	as long as short
Coinbase International UNI-PERP-INTX	+0.0312%	1h	9.0390	+0.211%	$1.1M	$4.7M	50x	as long as short
Reya UNIRUSDPERP	+0.0368%	1h	9.0288	+0.098%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]short	L +0.0381% / S −0.0244%	1h	9.0286	+0.095%	$643K	—	120x
Lighter UNI	+0.0400%	1h	9.0389	+0.210%	$4.6M	$5.3M	15x	as long as short
Kraken Futures PF_UNIUSD	+0.0425%	1h	9.0276	+0.084%	$5.0M	$6.9M	50x	as long as short
Aftermath Perps UNIUSD	+0.0954%	1h	8.9954	−0.273%	$1K	$48K	10x	as long as short