Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.021%

Price spread now: Extended against GRVT+0.269%7-day average −0.036% · you sell dearer than you buy

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs−$8as in the Price arb table

costs, in and out, $10k−$390.390% of the position

Long on GRVT Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.085%+$8 on $10k

Price spread, last 7 days−0.160%−$16 · spread now +0.269%, 7d avg −0.036%

Together, before fees−0.075%+ Points / potential airdropGRVT: Active · Extended: Active · farm board−$8 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: Extended is 0.305% dearer against GRVT than usual: you sell high and buy low, +$31 on $10k if it goes back to its 7-day average of −0.036%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT UNI_USDT_Perp	9.0830	0.0100	pay 0.0100% / 8h	6h 07m	$639K	$2.6M	10x
Short	Extended UNI-USD	9.1075	0.0104	get 0.0013% / 1h	7m 24s	$301K	$1.5M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.269%Rate

Funding earned: $0.84
Price spread: +0.269% → −0.036%: $30.54
Slippage, 4 orders: −$24.98
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$7.59
Costs to cover: 0.390%
Break-even: 70.3 days

Slippage from GRVT: live order book, 1 min ago; Extended: live order book, 1 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, 1 min ago	3.84 bp	14.3 bp −$14	18.3 bp −$183	3287.8 bp −$328.8K	doesn't fit
Sell Extended live order book, 1 min ago	1.26 bp	5.1 bp −$5	9.5 bp −$95	doesn't fit	doesn't fit

UNI on 39 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
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	9.1137	+0.338%	$19K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−2.785%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0064%	1h	9.1171	+0.375%	$455	$5	10x	as long as short
dYdX UNI-USD	+0.0085%	1h	9.1152	+0.354%	$240K	$30K	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.1040	+0.231%	$966K	$4.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.1200	+0.407%	$1.0M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.1153	+0.355%	$298K	$568K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.1110	+0.308%	$228.0M	$611.1M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.1100	+0.297%	$102.2M	$107.7M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.1120	+0.319%	$56.4M	$255.6M	50x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus UNI-USD	+0.0100%	1h	9.1170	+0.374%	$289K	$640K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.1070	+0.264%	$23.4M	$59.3M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.1180	+0.385%	$49.8M	$26.4M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.1130	+0.330%	$13.8M	$12.9M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.1130	+0.330%	$33.4M	$42.9M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	9.1130	+0.330%	—	$56.8M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.1199	+0.406%	$999K	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.1039	+0.230%	$4.1M	$4.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.0788	−0.046%	$171K	$344K	20x	as long as short
GRVT UNI_USDT_Perplong	+0.0100%	8h	9.0830	long leg	$639K	$2.6M	10x
ApeX Omni UNIUSDT	+0.0100%	1h	9.0740	−0.099%	$89K	$699K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.1080	+0.275%	$56K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.1202	+0.410%	$87K	$410K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.1170	+0.374%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.1222	+0.432%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.1186	+0.392%	$22K	$728K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.1300	+0.517%	$725K	$4.2M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.1150	+0.352%	$27.5M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.1026	+0.216%	$26K	—	20x	as long as short
Extended UNI-USDshort	+0.0104%	1h	9.1075	+0.269%	$301K	$1.5M	25x
Aevo UNI-PERP	+0.0104%	1h	9.1212	+0.420%	$32K	—	3x	as long as short
Hyperliquid UNI	+0.0233%	1h	9.1270	+0.484%	$99.2M	$58.8M	10x	as long as short
Coinbase International UNI-PERP-INTX	+0.0312%	1h	9.1210	+0.418%	$1.1M	$4.8M	50x	as long as short
Reya UNIRUSDPERP	+0.0369%	1h	9.1139	+0.341%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.1132	+0.332%	$648K	—	120x	as long as short
Kraken Futures PF_UNIUSD	+0.0420%	1h	9.1194	+0.401%	$5.1M	$6.9M	50x	as long as short
Lighter UNI	+0.0496%	1h	9.1319	+0.538%	$4.7M	$5.3M	15x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0561%	1h	9.1248	+0.460%	$592K	$188K	50x	as long as short
Aftermath Perps UNIUSD	+0.0953%	1h	9.1122	+0.322%	$1K	$48K	10x	as long as short