Settings8H · net · $10k
Funding arb · Price arb /

UNI

all UNI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Phemex against Gate0.000%7-day average +0.035% · you sell dearer than you buy
Net, funding: paid 7d − costs−$46as in the Funding arb table
Net, price: spread back to 7d avg − costs−$57as in the Price arb table
costs, in and out, $10k−$530.531% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.067%+$7 on $10k
Price spread, last 3 days (all we have)+0.766%+$77 · spread now 0.000%, 7d avg +0.035%
Together, before fees+0.832%+$83 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: Phemex is 0.035% cheaper against Gate than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.035%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate UNI_USDT8.80700.0100pay 0.0100% / 8h2h 51m$22.9M$58.9M75x
ShortPhemex UNIUSDT8.80700.0100get 0.0100% / 8h2h 51m$26.5M$4.3M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phemex 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

Funding earned
$0
Price spread: 0.000% → +0.035%
−$3.48
Slippage, 4 orders
−$26.11
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Phemex: 6 bp × 2 orders
−$12
Net
−$56.59
Costs to cover
0.531%
Break-even
never at this rate
Slippage from Gate: live order book, 3 min ago; Phemex: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Gate live order book, 3 min ago0.57 bp14.7 bp −$1522.8 bp −$22841.1 bp −$4,10964.1 bp −$32.1K
Sell Phemex live order book, 3 min ago1.70 bp8.8 bp −$926.0 bp −$260doesn't fitdoesn't fit

UNI on 40 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni UNI−0.0201%8h8.8015−0.063%$3.9M$4.9Mas long as short
Bybit UNIUSDT−0.0193%8h8.80700.000%$102.6M$103.9M75xas long as short
01 Exchange UNIUSD−0.0064%1h8.8043−0.031%$43910xas long as short
Deribit UNI_USDC-PERPETUAL0.0000%1h8.8074+0.005%$550K$125K50xas long as short
gTrade (Gains Network) UNI/USDL +0.0004% / S −0.0006%1h8.8067−0.004%$79K150xas long as short
OKX UNI-USDT-SWAP+0.0008%8h8.8080+0.011%$54.2M$244.6M50xas long as short
Paradex UNI-USD-PERP+0.0100%8h8.8051−0.021%$25K20xas long as short
Nado UNI-PERP+0.0100%1h8.8050−0.023%$848K$3.9M10xas long as short
Aster UNIUSDT+0.0100%8h8.8074+0.005%$1.0M$3.4M50xas long as short
Pacifica UNI+0.0100%1h8.8060−0.011%$297K$559K10xas long as short
Show all 40 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance UNIUSDT+0.0100%8h8.8120+0.057%$215.8M$593.7M75xas long as short
Arcus UNI-USD+0.0100%1h8.8120+0.057%$272K$605K10xas long as short
Gate UNI_USDTlong+0.0100%8h8.8070long leg$22.9M$58.9M75x
MEXC UNI_USDT+0.0100%8h8.8060−0.011%$42.6M$24.4M200xas long as short
KuCoin UNIUSDTM+0.0100%8h8.8010−0.068%$13.7M$13.6M75xas long as short
Bitget UNIUSDT+0.0100%8h8.8060−0.011%$31.9M$41.0M75xas long as short
BingX UNI-USDT+0.0100%8h8.8040−0.034%$49.8Mas long as short
Backpack UNI_USDC_PERP+0.0100%1h8.8087+0.019%$975K$2.4M10xas long as short
edgeX UNIUSDC+0.0100%4h8.8216+0.166%$166K$343K20xas long as short
GRVT UNI_USDT_Perp+0.0100%8h8.8310+0.273%$619K$2.6M10xas long as short
ApeX Omni UNIUSDT+0.0100%1h8.8260+0.216%$83K$713K50xas long as short
StandX UNI-USD+0.0100%1h8.8170+0.114%$105K$3.3M20xas long as short
Polymarket Perps UNI-USD+0.0100%1h8.8045−0.028%$86K$331K10xas long as short
Orderly PERP_UNI_USDC+0.0100%8h8.8010−0.068%$15K$1.7M10xas long as short
SunX UNI-USDT+0.0100%8h8.8075+0.006%$36K$1.3M30xas long as short
SoDEX UNI-USD+0.0100%1h8.7990−0.091%$28K$659K10xas long as short
HTX UNI-USDT+0.0100%8h8.8240+0.193%$721K$4.3M75xas long as short
Phemex UNIUSDTshort+0.0100%8h8.80700.000%$26.5M$4.3M50x
Extended UNI-USD+0.0104%1h8.7965−0.119%$307K$1.4M25xas long as short
Aevo UNI-PERP+0.0104%1h8.8062−0.009%$31K$1K3xas long as short
Coinbase International UNI-PERP-INTX+0.0200%1h8.8280+0.238%$1.0M$5.3M50xas long as short
BloFin UNI-USDT+0.0220%8h8.8060−0.011%$9.8M$3.3M75xas long as short
dYdX UNI-USD+0.0231%1h8.8100+0.034%$244K$5K10xas long as short
Kraken Futures PF_UNIUSD+0.0270%1h8.8058−0.014%$4.9M$7.1M50xas long as short
Reya UNIRUSDPERP+0.0359%1h8.7979−0.103%$16K20xas long as short
GMX UNI/USD [UNI-USDC]L +0.0380% / S −0.0320%1h8.8050−0.023%$552K120xas long as short
Hyperliquid UNI+0.0392%1h8.8217+0.167%$95.8M$59.6M10xas long as short
Lighter UNI+0.0472%1h8.8227+0.178%$4.5M$5.3M15xas long as short
Aftermath Perps UNIUSD+0.0497%1h8.8189+0.135%$1K$50K10xas long as short
Injective UNI/USDC PERP+0.2702%1h8.7900−0.193%$657$97K12xas long as short