Funding you earn now, next payment 09:00 UTC−0.0281%/8h= −30.8% APRpaid last 24h −0.068%
Price spread now: Phemex against GMX+0.020%7-day average 0.000% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.233%−$23 on $10k
+Price spread, last 4 days (all we have)+0.020%+$2 · spread now +0.020%, 7d avg 0.000%
=The price spread pays, funding is against you. Phemex is 0.021% dearer against GMX than usual: you sell high and buy low (spread +0.020% now, against its 7-day average of 0.000%): +$2 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 6 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX UNI/USD [UNI-USDC] | 8.9142 | L +0.0381% / S −0.0243% | pay 0.0048% / 1h | 58m 46s | $634K | — | 120x |
| Short | Phemex UNIUSDT | 8.9160 | 0.0100 | get 0.0100% / 8h | 7h 58m | $26.9M | $4.4M | 50x |
GMX UNI/USD [UNI-USDC]
Phemex UNIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against GMX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$58.97
- Price spread: +0.020% → 0.000%
- $2.07
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$80.9
- Costs to cover
- 0.240%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; Phemex: live order book, 5 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 Phemex live order book, 5 min ago | 3.94 bp | 14.4 bp −$14 | 24.4 bp −$244 | 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 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_UNIUSD | −0.0062% | 1h | 8.9201 | +0.067% | $4.7M | $8.6M | 50x | as long as short |
| gTrade (Gains Network) UNI/USD | L +0.0004% / S −0.0005% | 1h | 8.9151 | +0.011% | $77K | — | 150x | as long as short |
| 01 Exchange UNIUSD | +0.0008% | 1h | 8.9170 | +0.032% | $445 | $5 | 10x | as long as short |
| Injective UNI/USDC PERP | +0.0033% | 1h | 8.8300 | −0.944% | $660 | $153K | 12x | as long as short |
| dYdX UNI-USD | +0.0044% | 1h | 8.9407 | +0.297% | $235K | $30K | 10x | as long as short |
| Paradex UNI-USD-PERP | +0.0100% | 8h | 8.9375 | +0.262% | $26K | — | 20x | as long as short |
| Nado UNI-PERP | +0.0100% | 1h | 8.9160 | +0.020% | $729K | $4.7M | 10x | as long as short |
| Aster UNIUSDT | +0.0100% | 8h | 8.9393 | +0.282% | $726K | $3.2M | 50x | as long as short |
| Pacifica UNI | +0.0100% | 1h | 8.9392 | +0.281% | $289K | $567K | 10x | as long as short |
| Binance UNIUSDT | +0.0100% | 8h | 8.9380 | +0.267% | $217.5M | $652.3M | 75x | as long as short |
Kraken Futures PF_UNIUSD
gTrade (Gains Network) UNI/USD
01 Exchange UNIUSD
Injective UNI/USDC PERP
dYdX UNI-USD
Paradex UNI-USD-PERP
Nado UNI-PERP
Aster UNIUSDT
Pacifica UNI
Binance UNIUSDTShow all 40 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit UNIUSDT | +0.0100% | 8h | 8.9350 | +0.234% | $99.2M | $110.6M | 75x | as long as short |
| OKX UNI-USDT-SWAP | +0.0100% | 8h | 8.9360 | +0.245% | $54.7M | $262.9M | 50x | as long as short |
| Arcus UNI-USD | +0.0100% | 1h | 8.9280 | +0.155% | $320K | $698K | 10x | as long as short |
| Gate UNI_USDT | +0.0100% | 8h | 8.9310 | +0.189% | $26.4M | $62.3M | 75x | as long as short |
| MEXC UNI_USDT | +0.0100% | 8h | 8.9430 | +0.323% | $48.1M | $25.2M | 200x | as long as short |
| KuCoin UNIUSDTM | +0.0100% | 8h | 8.9230 | +0.099% | $13.0M | $13.3M | 75x | as long as short |
| Bitget UNIUSDT | +0.0100% | 8h | 8.9400 | +0.290% | $32.7M | $45.6M | 75x | as long as short |
| BingX UNI-USDT | +0.0100% | 8h | 8.9310 | +0.189% | — | $58.1M | — | as long as short |
| Variational Omni UNI | +0.0100% | 8h | 8.9263 | +0.136% | $4.1M | $4.1M | — | as long as short |
| edgeX UNIUSDC | +0.0100% | 4h | 8.8764 | −0.424% | $168K | $348K | 20x | as long as short |
| GRVT UNI_USDT_Perp | +0.0100% | 8h | 8.9300 | +0.178% | $631K | $2.6M | 10x | as long as short |
| ApeX Omni UNIUSDT | +0.0100% | 1h | 8.8750 | −0.439% | $89K | $710K | 50x | as long as short |
| StandX UNI-USD | +0.0100% | 1h | 8.9270 | +0.144% | $14K | $3.5M | 20x | as long as short |
| Polymarket Perps UNI-USD | +0.0100% | 1h | 8.9163 | +0.024% | $104K | $617K | 10x | as long as short |
| Orderly PERP_UNI_USDC | +0.0100% | 8h | 8.9120 | −0.024% | $17K | $2.3M | 10x | as long as short |
| SunX UNI-USDT | +0.0100% | 8h | 8.9221 | +0.089% | $36K | $1.3M | 30x | as long as short |
| SoDEX UNI-USD | +0.0100% | 1h | 8.9125 | −0.019% | $32K | $883K | 10x | as long as short |
| HTX UNI-USDT | +0.0100% | 8h | 8.9295 | +0.172% | $705K | $4.7M | 75x | as long as short |
| Phemex UNIUSDTshort | +0.0100% | 8h | 8.9160 | +0.020% | $26.9M | $4.4M | 50x | |
| Extended UNI-USD | +0.0104% | 1h | 8.9246 | +0.117% | $301K | $1.8M | 25x | as long as short |
| Aevo UNI-PERP | +0.0104% | 1h | 8.9136 | −0.007% | $32K | — | 3x | as long as short |
| Hyperliquid UNI | +0.0117% | 1h | 8.9475 | +0.374% | $95.4M | $67.7M | 10x | as long as short |
| Lighter UNI | +0.0136% | 1h | 8.9490 | +0.391% | $4.5M | $5.4M | 15x | as long as short |
| Deribit UNI_USDC-PERPETUAL | +0.0146% | 1h | 8.9182 | +0.045% | $591K | $273K | 50x | as long as short |
| Coinbase International UNI-PERP-INTX | +0.0208% | 1h | 8.9250 | +0.121% | $928K | $5.5M | 50x | as long as short |
| BloFin UNI-USDT | +0.0220% | 8h | 8.9200 | +0.065% | $10.1M | $3.6M | 75x | as long as short |
| Backpack UNI_USDC_PERP | +0.0288% | 1h | 8.9272 | +0.146% | $1.1M | $2.5M | 10x | as long as short |
| GMX UNI/USD [UNI-USDC]long | L +0.0381% / S −0.0243% | 1h | 8.9142 | long leg | $634K | — | 120x | |
| Reya UNIRUSDPERP | +0.0382% | 1h | 8.9115 | −0.030% | $16K | — | 20x | as long as short |
| Aftermath Perps UNIUSD | +0.0404% | 1h | 8.9079 | −0.071% | $1K | $52K | 10x | as long as short |
Bybit UNIUSDT
OKX UNI-USDT-SWAP
Arcus UNI-USD
Gate UNI_USDT
MEXC UNI_USDT
KuCoin UNIUSDTM
Bitget UNIUSDT
BingX UNI-USDT
Variational Omni UNI
edgeX UNIUSDC
GRVT UNI_USDT_Perp
ApeX Omni UNIUSDT
StandX UNI-USD
Polymarket Perps UNI-USD
Orderly PERP_UNI_USDC
SunX UNI-USDT
SoDEX UNI-USD
HTX UNI-USDT
Extended UNI-USD
Aevo UNI-PERP
Hyperliquid UNI
Lighter UNI
Deribit UNI_USDC-PERPETUAL
Coinbase International UNI-PERP-INTX
BloFin UNI-USDT
Backpack UNI_USDC_PERP
Reya UNIRUSDPERP
Aftermath Perps UNIUSD