Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.020%

Price spread now: Bitget against GRVT+0.627%7-day average −0.053% · you sell dearer than you buy

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs+$28as in the Price arb table

costs, in and out, $10k−$400.401% of the position

Long on GRVT Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.028%−$3 on $10k

Price spread, last 7 days−0.682%−$68 · spread now +0.627%, 7d avg −0.053%

Together, before fees−0.710%+ Points / potential airdropGRVT: Active · farm board−$71 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: Bitget is 0.680% dearer against GRVT than usual: you sell high and buy low, +$68 on $10k if it goes back to its 7-day average of −0.053%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT UNI_USDT_Perp	9.0334	0.0100	pay 0.0100% / 8h	7h 47m	$629K	$2.5M	10x
Short	Bitget UNIUSDT	9.0900	0.0100	get 0.0100% / 8h	7h 47m	$33.3M	$42.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.627%Rate

Funding earned: $0
Price spread: +0.627% → −0.053%: $67.98
Slippage, 4 orders: −$19.11
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Bitget: 6 bp × 2 orders: −$12
Net: $27.87
Costs to cover: 0.401%
Break-even: from the start

Slippage from GRVT: live order book, 2 min ago; Bitget: live order book, 2 min ago.

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	2.20 bp	8.5 bp −$8	14.9 bp −$149	1940.2 bp −$194.0K	doesn't fit
Sell Bitget live order book, 2 min ago	0.55 bp	10.9 bp −$11	18.8 bp −$188	40.6 bp −$4,061	doesn't fit

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
Phemex UNIUSDT	−0.0617%	8h	9.0620	+0.317%	$27.3M	$4.5M	50x	as long as short
Deribit UNI_USDC-PERPETUAL	0.0000%	1h	9.0562	+0.253%	$584K	$178K	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0005%	1h	9.0583	+0.276%	$72K	—	150x	as long as short
01 Exchange UNIUSD	+0.0032%	1h	9.0570	+0.262%	$452	—	10x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−2.251%	$660	$154K	12x	as long as short
OKX UNI-USDT-SWAP	+0.0092%	8h	9.0840	+0.560%	$55.7M	$251.7M	50x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.0472	+0.154%	$958K	$4.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.0820	+0.538%	$1.0M	$3.4M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.0599	+0.293%	$303K	$592K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.0870	+0.594%	$225.4M	$593.1M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit UNIUSDT	+0.0100%	8h	9.0870	+0.594%	$102.2M	$106.6M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.0610	+0.306%	$268K	$617K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.0900	+0.627%	$23.0M	$57.7M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0910	+0.638%	$44.3M	$23.3M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0920	+0.649%	$13.8M	$13.5M	75x	as long as short
Bitget UNIUSDTshort	+0.0100%	8h	9.0900	+0.627%	$33.3M	$42.2M	75x
BingX UNI-USDT	+0.0100%	8h	9.0880	+0.605%	—	$52.1M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.0775	+0.489%	$1.1M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	8.9871	−0.512%	$4.1M	$4.4M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.0137	−0.217%	$169K	$344K	20x	as long as short
GRVT UNI_USDT_Perplong	+0.0100%	8h	9.0334	long leg	$629K	$2.5M	10x
ApeX Omni UNIUSDT	+0.0100%	1h	9.0180	−0.170%	$88K	$708K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0680	+0.383%	$36K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.0602	+0.297%	$85K	$376K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.0600	+0.295%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.0599	+0.294%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.0545	+0.234%	$21K	$688K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.0565	+0.256%	$728K	$4.4M	75x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.0501	+0.185%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0869	+0.592%	$303K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0515	+0.201%	$32K	—	3x	as long as short
dYdX UNI-USD	+0.0198%	1h	9.0556	+0.246%	$250K	$7K	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.0530	+0.217%	$10.0M	$3.5M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0272%	1h	9.0650	+0.350%	$1.1M	$5.5M	50x	as long as short
Hyperliquid UNI	+0.0328%	1h	9.0864	+0.587%	$99.6M	$59.9M	10x	as long as short
Reya UNIRUSDPERP	+0.0365%	1h	9.0548	+0.237%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0382% / S −0.0323%	1h	9.0562	+0.253%	$573K	—	120x	as long as short
Kraken Futures PF_UNIUSD	+0.0387%	1h	9.0629	+0.327%	$5.0M	$7.0M	50x	as long as short
Lighter UNI	+0.0672%	1h	9.0784	+0.498%	$4.6M	$5.2M	15x	as long as short
Aftermath Perps UNIUSD	+0.0791%	1h	9.0167	−0.185%	$1K	$49K	10x	as long as short