Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0161%/8h= −17.7% APRpaid last 24h −0.008%

Price spread now: BloFin against GMX+0.127%7-day average −0.004% · you sell dearer than you buy

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

Long on GMX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.084%−$8 on $10k

Price spread, last 3 days (all we have)−0.098%−$10 · spread now +0.127%, 7d avg −0.004%

Together, before fees−0.182%−$18 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BloFin is 0.130% dearer against GMX than usual: you sell high and buy low (spread +0.127% now, against its 7-day average of −0.004%): +$13 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 2.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX UNI/USD [UNI-USDC]	9.1714	L +0.0381% / S −0.0323%	pay 0.0048% / 1h	12m 51s	$579K	—	120x
Short	BloFin UNI-USDT	9.1830	0.0220	get 0.0220% / 8h	7h 12m	$10.6M	$3.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against GMX. 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 GMXbpFee BloFinbpOrdersPrice spread, now +0.127%Rate

Funding earned: −$33.91
Price spread: +0.127% → −0.004%: $13.01
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$44.89
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; BloFin: live order book, 6 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 GMX no order-book sample	—	—	—	—	—
Sell BloFin live order book, 6 min ago	4.36 bp	12.5 bp −$13	16.8 bp −$168	39.9 bp −$3,988	doesn't fit

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 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
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0006%	1h	9.1772	+0.063%	$49K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−3.722%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0080%	1h	9.1550	−0.179%	$457	—	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.1580	−0.146%	$980K	$4.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.1820	+0.116%	$1.1M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.1570	−0.157%	$305K	$589K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.1795	+0.088%	$232.9M	$603.4M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.1770	+0.061%	$103.4M	$107.8M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.1810	+0.105%	$56.6M	$257.2M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.1640	−0.081%	$282K	$622K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate UNI_USDT	+0.0100%	8h	9.1760	+0.050%	$23.5M	$60.4M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.1760	+0.050%	$46.8M	$24.6M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.1720	+0.007%	$13.7M	$13.6M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.1770	+0.061%	$33.9M	$43.2M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.1760	+0.050%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.1784	+0.076%	$1.0M	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.1621	−0.102%	$4.2M	$4.4M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.1624	−0.099%	$173K	$346K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.1570	−0.157%	$638K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.1590	−0.135%	$89K	$706K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.1630	−0.092%	$56K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.1670	−0.048%	$85K	$386K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.1780	+0.072%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.1694	−0.022%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.1780	+0.072%	$22K	$711K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.1840	+0.137%	$725K	$4.4M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.1790	+0.083%	$27.7M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.1504	−0.229%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.1665	−0.054%	$309K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.1780	+0.072%	$33K	—	3x	as long as short
dYdX UNI-USD	+0.0196%	1h	9.1515	−0.217%	$246K	$24K	10x	as long as short
BloFin UNI-USDTshort	+0.0220%	8h	9.1830	+0.127%	$10.6M	$3.6M	75x
Coinbase International UNI-PERP-INTX	+0.0272%	1h	9.1890	+0.192%	$1.1M	$4.9M	50x	as long as short
Reya UNIRUSDPERP	+0.0367%	1h	9.1568	−0.159%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]long	L +0.0381% / S −0.0323%	1h	9.1714	long leg	$579K	—	120x
Kraken Futures PF_UNIUSD	+0.0382%	1h	9.1825	+0.121%	$5.1M	$7.1M	50x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0402%	1h	9.1830	+0.127%	$594K	$185K	50x	as long as short
Hyperliquid UNI	+0.0541%	1h	9.1935	+0.241%	$101.3M	$60.0M	10x	as long as short
Lighter UNI	+0.0952%	1h	9.1984	+0.294%	$4.7M	$5.3M	15x	as long as short
Aftermath Perps UNIUSD	+0.1018%	1h	9.1848	+0.146%	$1K	$49K	10x	as long as short