UNI

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0378%/8h= −41.4% APRnext payment −$0.47 per $10,000 · paid last 24h −0.076%

Price spread now: Deribit against GMX+0.016%66s7-day average +0.030% · you sell dearer than you buy

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

Long on GMX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.204%−$20 on $10k

Price spread, last 4 days (all we have)+0.283%+$28 · spread now +0.016%, 7d avg +0.030%

Together, before fees+0.079%+$8 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.030%, so right now this pair is about funding alone: −$11 a day on $10k at the current rate. The two prices were read 66 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX UNI/USD [UNI-USDC]	8.8456	L +0.0381% / S −0.0244%	pay 0.0048% / 1h	58m 08s	$629K	—	120x
Short	Deribit UNI_USDC-PERPETUAL	8.8471	0.0003	get 0.0000% / 1h	58m 08s	$585K	$217K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against GMX. 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 GMXbpFee DeribitbpOrdersPrice spread, now +0.016%Rate

Funding earned: −$79.36
Price spread: +0.016% → +0.030%: −$1.36
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$99.71
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Deribit: live order book, 53 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 Deribit live order book, 53 min ago	9.74 bp	14.1 bp −$14	22.3 bp −$223	doesn't fit	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 exchanges

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-PERPETUALshort	+0.0003%	1h	8.8471	+0.016%	$585K	$217K	50x
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0005%	1h	8.8482	+0.028%	$76K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−0.177%	$660	$147K	12x	as long as short
01 Exchange UNIUSD	+0.0072%	1h	8.8473	+0.019%	$441	$56	10x	as long as short
Nado UNI-PERP	+0.0075%	1h	8.8417	−0.044%	$705K	$3.9M	10x	as long as short
Lighter UNI	+0.0096%	1h	8.8540	+0.094%	$4.4M	$4.8M	15x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8397	−0.068%	$25K	—	20x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.8466	+0.011%	$743K	$2.4M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.8471	+0.016%	$288K	$467K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.8407	−0.056%	$214.5M	$571.2M	75x	as long as short

Show all 40 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit UNIUSDT	+0.0100%	8h	8.8380	−0.086%	$97.9M	$97.6M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	8.8390	−0.075%	$54.7M	$229.2M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.8520	+0.072%	$325K	$530K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.8410	−0.053%	$27.8M	$54.7M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.8440	−0.019%	$46.2M	$20.4M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.8420	−0.041%	$12.9M	$11.2M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8440	−0.019%	$32.9M	$42.5M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.8410	−0.053%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8485	+0.032%	$1.1M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	8.8404	−0.059%	$4.1M	$2.7M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8416	−0.046%	$167K	$347K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8488	+0.036%	$616K	$2.3M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8470	+0.015%	$89K	$712K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8450	−0.007%	$93K	$3.5M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.8405	−0.058%	$105K	$574K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8400	−0.064%	$16K	$2.5M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.8520	+0.072%	$36K	$1.2M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.8396	−0.068%	$32K	$729K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.8526	+0.079%	$699K	$4.0M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8440	−0.019%	$26.7M	$4.5M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8376	−0.091%	$299K	$1.7M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8405	−0.058%	$31K	—	3x	as long as short
Kraken Futures PF_UNIUSD	+0.0131%	1h	8.8455	−0.002%	$4.7M	$7.7M	50x	as long as short
Hyperliquid UNI	+0.0157%	1h	8.8524	+0.076%	$95.3M	$61.6M	10x	as long as short
dYdX UNI-USD	+0.0185%	1h	8.8599	+0.161%	$232K	$32K	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.8440	−0.019%	$10.0M	$3.3M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0240%	1h	8.8540	+0.094%	$924K	$4.4M	50x	as long as short
GMX UNI/USD [UNI-USDC]long	L +0.0381% / S −0.0244%	1h	8.8456	long leg	$629K	—	120x
Reya UNIRUSDPERP	+0.0386%	1h	8.8390	−0.075%	$16K	—	20x	as long as short
Aftermath Perps UNIUSD	+0.0578%	1h	8.8508	+0.058%	$1K	$50K	10x	as long as short