Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0536%/8h= +58.7% APRpaid last 24h +0.233%

Price spread now: Aftermath Perps against GRVT−0.277%67s7-day average — · you buy dearer than you sell

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

Long on GRVT Short on Aftermath Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropGRVT: Active · farm boardneeds both histories

Funding pays, the price is against you. Aftermath Perps is 0.277% cheaper against GRVT than usual: you would sell low and buy high (spread −0.277% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$28 on $10k: about 41 hours of funding at the current rate (+$16 a day). The two prices were read 67 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	GRVT UNI_USDT_Perp	8.8252	0.0100	pay 0.0100% / 8h	1h 51m	$612K	$2.5M	10x
Short	Aftermath Perps UNIUSD	8.8008	0.0636	get 0.0080% / 1h	51m 46s	$1K	$50K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against GRVT. 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 GRVTbpFee Aftermath PerpsbpOrdersPrice spread, now −0.277%Rate

Funding earned: $112.64
Price spread: −0.277% → 0.000%: −$27.65
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: $66.98
Costs to cover: 0.180%
Break-even: 2.8 days

Slippage unknown: GRVT: live order book, 2 min ago; Aftermath Perps: 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 GRVT live order book, 2 min ago	1.71 bp	8.2 bp −$8	29.0 bp −$290	doesn't fit	doesn't fit
Sell Aftermath Perps no order-book sample	—	—	—	—	—

Aftermath Perps: 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
Variational Omni UNI	−0.0095%	8h	8.8058	−0.220%	$3.9M	$4.6M	—	as long as short
Bybit UNIUSDT	−0.0041%	8h	8.7690	−0.637%	$100.2M	$106.3M	75x	as long as short
Deribit UNI_USDC-PERPETUAL	0.0000%	1h	8.7812	−0.498%	$559K	$158K	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0006%	1h	8.7786	−0.528%	$79K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.7900	−0.399%	$657	$96K	12x	as long as short
OKX UNI-USDT-SWAP	+0.0034%	8h	8.7710	−0.614%	$54.2M	$245.1M	50x	as long as short
01 Exchange UNIUSD	+0.0064%	1h	8.7865	−0.438%	$438	—	10x	as long as short
dYdX UNI-USD	+0.0092%	1h	8.7823	−0.486%	$243K	$6K	10x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.7811	−0.500%	$25K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.7800	−0.512%	$845K	$4.1M	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster UNIUSDT	+0.0100%	8h	8.7771	−0.544%	$1.0M	$3.4M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.7830	−0.478%	$297K	$575K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.7720	−0.603%	$215.3M	$598.1M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.7900	−0.399%	$271K	$612K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.7720	−0.603%	$22.7M	$58.2M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.7720	−0.603%	$42.4M	$24.4M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.7700	−0.625%	$13.4M	$13.9M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.7710	−0.614%	$31.8M	$41.7M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.7700	−0.625%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.7787	−0.527%	$975K	$2.3M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8171	−0.091%	$166K	$342K	20x	as long as short
GRVT UNI_USDT_Perplong	+0.0100%	8h	8.8252	long leg	$612K	$2.5M	10x
ApeX Omni UNIUSDT	+0.0100%	1h	8.8260	+0.009%	$87K	$715K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8050	−0.229%	$105K	$3.2M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.7824	−0.485%	$86K	$349K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.7740	−0.580%	$15K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.7796	−0.516%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.7740	−0.580%	$24K	$668K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.7885	−0.416%	$721K	$4.4M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.7810	−0.501%	$26.4M	$4.5M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.7674	−0.654%	$298K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.7767	−0.549%	$31K	$1K	3x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.7860	−0.444%	$9.7M	$3.4M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0224%	1h	8.7830	−0.478%	$1.0M	$5.3M	50x	as long as short
Kraken Futures PF_UNIUSD	+0.0345%	1h	8.7796	−0.516%	$4.9M	$7.2M	50x	as long as short
Reya UNIRUSDPERP	+0.0361%	1h	8.7756	−0.562%	$16K	—	20x	as long as short
Hyperliquid UNI	+0.0378%	1h	8.7866	−0.437%	$96.1M	$59.6M	10x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0379% / S −0.0320%	1h	8.7783	−0.531%	$551K	—	120x	as long as short
Lighter UNI	+0.0552%	1h	8.7886	−0.414%	$4.5M	$5.2M	15x	as long as short
Aftermath Perps UNIUSDshort	+0.0636%	1h	8.8008	−0.277%	$1K	$50K	10x