Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Orderly against Gate+0.163%7-day average +0.007% · you sell dearer than you buy

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

Long on Gate Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days+0.107%+$11 on $10k

Price spread, last 3 days (all we have)−0.008%−$1 · spread now +0.163%, 7d avg +0.007%

Together, before fees+0.099%+$10 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: Orderly is 0.157% dearer against Gate than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of +0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate UNI_USDT	9.1870	0.0100	pay 0.0100% / 8h	7h 19m	$23.5M	$60.1M	75x
Short	Orderly PERP_UNI_USDC	9.2020	0.0100	get 0.0100% / 8h	7h 19m	$16K	$1.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Gate. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 OrderlybpOrdersPrice spread, now +0.163%Rate

Funding earned: $0
Price spread: +0.163% → +0.007%: $15.67
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$5.33
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 4 min ago; Orderly: 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, 4 min ago	1.61 bp	13.1 bp −$13	23.1 bp −$231	44.1 bp −$4,410	70.9 bp −$35.4K
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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
Deribit UNI_USDC-PERPETUAL	0.0000%	1h	9.2067	+0.214%	$595K	$185K	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	9.2051	+0.197%	$39K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−3.886%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0072%	1h	9.1969	+0.108%	$459	—	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.1955	+0.093%	$1.0M	$4.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.1887	+0.018%	$1.0M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.1912	+0.045%	$306K	$589K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.2026	+0.170%	$231.0M	$603.2M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.2080	+0.229%	$103.8M	$107.9M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.2070	+0.218%	$56.7M	$258.3M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus UNI-USD	+0.0100%	1h	9.2020	+0.163%	$284K	$626K	10x	as long as short
Gate UNI_USDTlong	+0.0100%	8h	9.1870	long leg	$23.5M	$60.1M	75x
MEXC UNI_USDT	+0.0100%	8h	9.1870	0.000%	$46.1M	$24.4M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.1880	+0.011%	$13.7M	$13.6M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.1860	−0.011%	$33.9M	$43.2M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.1870	0.000%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.1861	−0.010%	$1.0M	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.2000	+0.141%	$4.2M	$4.4M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.2156	+0.311%	$174K	$345K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.2149	+0.304%	$643K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.2110	+0.261%	$90K	$707K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.2070	+0.218%	$57K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.2048	+0.194%	$85K	$384K	10x	as long as short
Orderly PERP_UNI_USDCshort	+0.0100%	8h	9.2020	+0.163%	$16K	$1.7M	10x
SunX UNI-USDT	+0.0100%	8h	9.2115	+0.267%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.2002	+0.144%	$22K	$717K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.2068	+0.216%	$727K	$4.4M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.1950	+0.087%	$27.7M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.1822	−0.052%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.1815	−0.060%	$311K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.2040	+0.185%	$33K	—	3x	as long as short
dYdX UNI-USD	+0.0133%	1h	9.1872	+0.002%	$242K	$20K	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.2020	+0.163%	$10.3M	$3.6M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0272%	1h	9.2130	+0.283%	$1.1M	$4.9M	50x	as long as short
Reya UNIRUSDPERP	+0.0366%	1h	9.1968	+0.107%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0323%	1h	9.2063	+0.210%	$581K	—	120x	as long as short
Kraken Futures PF_UNIUSD	+0.0381%	1h	9.2081	+0.230%	$5.1M	$7.1M	50x	as long as short
Hyperliquid UNI	+0.0554%	1h	9.1962	+0.100%	$101.3M	$59.8M	10x	as long as short
Lighter UNI	+0.0960%	1h	9.2038	+0.183%	$4.7M	$5.3M	15x	as long as short
Aftermath Perps UNIUSD	+0.1035%	1h	9.2424	+0.603%	$935	$49K	10x	as long as short