UNI

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC+0.0120%/8h= +13.1% APRnext payment +$1.20 per $10,000 · paid last 24h +0.033%

Price spread now: BloFin against GRVT+0.028%102s7-day average +0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs−$16as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$370.371% of the position

Long on GRVT Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.210%+$21 on $10k

Price spread, last 4 days (all we have)+0.144%+$14 · spread now +0.028%, 7d avg +0.001%

Together, before fees+0.354%+ Points / potential airdropGRVT: Active · farm board+$35 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and BloFin is 0.027% dearer against GRVT than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.001%. The two prices were read 102 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	8.8386	0.0100	pay 0.0100% / 8h	6h 21m	$627K	$2.4M	10x
Short	BloFin UNI-USDT	8.8410	0.0220	get 0.0220% / 8h	6h 21m	$10.0M	$3.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.028%Rate

Funding earned: $25.2
Price spread: +0.028% → +0.001%: $2.7
Slippage, 4 orders: −$16.1
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$9.19
Costs to cover: 0.371%
Break-even: 9.6 days

Slippage from GRVT: live order book, 5 min ago; BloFin: live order book, 5 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, 5 min ago	1.13 bp	6.7 bp −$7	23.6 bp −$236	3749.8 bp −$375.0K	doesn't fit
Sell BloFin live order book, 5 min ago	2.83 bp	9.1 bp −$9	15.4 bp −$154	50.7 bp −$5,072	doesn't fit

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
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0005%	1h	8.8474	+0.100%	$76K	—	150x	as long as short
Nado UNI-PERP	+0.0004%	1h	8.8475	+0.101%	$744K	$4.1M	10x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−0.097%	$660	$152K	12x	as long as short
01 Exchange UNIUSD	+0.0040%	1h	8.8458	+0.082%	$441	$56	10x	as long as short
dYdX UNI-USD	+0.0042%	1h	8.8511	+0.142%	$232K	$32K	10x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0053%	1h	8.8479	+0.106%	$585K	$222K	50x	as long as short
Lighter UNI	+0.0096%	1h	8.8628	+0.274%	$4.4M	$5.0M	15x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8444	+0.066%	$25K	—	20x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.8499	+0.128%	$784K	$2.5M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.8538	+0.173%	$289K	$482K	10x	as long as short

Show all 40 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance UNIUSDT	+0.0100%	8h	8.8419	+0.037%	$214.2M	$592.2M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	8.8410	+0.028%	$97.8M	$100.4M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	8.8430	+0.050%	$54.4M	$237.4M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.8570	+0.209%	$319K	$555K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.8430	+0.050%	$27.4M	$58.1M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.8450	+0.073%	$45.8M	$25.5M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.8480	+0.107%	$12.9M	$11.7M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8440	+0.062%	$32.9M	$43.6M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.8430	+0.050%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8567	+0.205%	$1.1M	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	8.8417	+0.035%	$4.1M	$3.2M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8404	+0.021%	$167K	$345K	20x	as long as short
GRVT UNI_USDT_Perplong	+0.0100%	8h	8.8386	long leg	$627K	$2.4M	10x
ApeX Omni UNIUSDT	+0.0100%	1h	8.8470	+0.096%	$89K	$708K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8480	+0.107%	$91K	$3.5M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.8465	+0.090%	$105K	$592K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8400	+0.016%	$16K	$2.6M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.8534	+0.168%	$36K	$1.2M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.8452	+0.075%	$32K	$730K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.8600	+0.243%	$693K	$4.2M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8440	+0.062%	$26.7M	$4.5M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8383	−0.003%	$303K	$1.7M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8445	+0.067%	$31K	—	3x	as long as short
Kraken Futures PF_UNIUSD	+0.0142%	1h	8.8517	+0.149%	$4.7M	$7.8M	50x	as long as short
BloFin UNI-USDTshort	+0.0220%	8h	8.8410	+0.028%	$10.0M	$3.4M	75x
Hyperliquid UNI	+0.0245%	1h	8.8603	+0.246%	$95.4M	$63.4M	10x	as long as short
Coinbase International UNI-PERP-INTX	+0.0248%	1h	8.8400	+0.016%	$923K	$4.5M	50x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	8.8436	+0.057%	$629K	—	120x	as long as short
Reya UNIRUSDPERP	+0.0385%	1h	8.8444	+0.066%	$16K	—	20x	as long as short
Aftermath Perps UNIUSD	+0.0502%	1h	8.8354	−0.036%	$1K	$51K	10x	as long as short