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: Gate against GRVT−0.771%7-day average −0.023% · you buy dearer than you sell

Net, funding: paid 7d − costs−$57as in the Funding arb table

Net, price: spread back to 7d avg − costs−$126as in the Price arb table

costs, in and out, $10k−$510.507% of the position

Long on GRVT Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.060%−$6 on $10k

Price spread, last 7 days+0.724%+$72 · spread now −0.771%, 7d avg −0.023%

Together, before fees+0.664%+ Points / potential airdropGRVT: Active · farm board+$66 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: Gate is 0.748% cheaper against GRVT than usual: you would sell low and buy high, −$75 on $10k if it goes back to its 7-day average of −0.023%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT UNI_USDT_Perp	9.2775	0.0100	pay 0.0100% / 8h	7h 21m	$648K	$2.6M	10x
Short	Gate UNI_USDT	9.2060	0.0100	get 0.0100% / 8h	7h 21m	$23.5M	$60.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.771%Rate

Funding earned: $0
Price spread: −0.771% → −0.023%: −$74.8
Slippage, 4 orders: −$26.73
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$125.53
Costs to cover: 0.507%
Break-even: never at this rate

Slippage from GRVT: live order book, 3 min ago; Gate: live order book, 3 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, 3 min ago	4.85 bp	13.1 bp −$13	19.4 bp −$194	4205.7 bp −$420.6K	doesn't fit
Sell Gate live order book, 3 min ago	1.61 bp	11.0 bp −$11	23.4 bp −$234	45.4 bp −$4,540	68.1 bp −$34.0K

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
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	9.2041	−0.792%	$39K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−4.824%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0080%	1h	9.2019	−0.815%	$459	—	10x	as long as short
dYdX UNI-USD	+0.0095%	1h	9.2195	−0.626%	$243K	$20K	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.2045	−0.787%	$1.0M	$4.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.2077	−0.753%	$1.1M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.2173	−0.649%	$307K	$586K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.2080	−0.749%	$231.1M	$602.8M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.2060	−0.771%	$103.9M	$107.8M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.2010	−0.825%	$56.8M	$258.8M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus UNI-USD	+0.0100%	1h	9.2230	−0.588%	$274K	$616K	10x	as long as short
Gate UNI_USDTshort	+0.0100%	8h	9.2060	−0.771%	$23.5M	$60.0M	75x
MEXC UNI_USDT	+0.0100%	8h	9.2080	−0.749%	$46.2M	$24.3M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.2080	−0.749%	$13.7M	$13.6M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.2070	−0.760%	$34.0M	$42.9M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	9.2070	−0.760%	—	$56.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.2067	−0.763%	$1.0M	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.2000	−0.836%	$4.2M	$4.4M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.2914	+0.150%	$175K	$344K	20x	as long as short
GRVT UNI_USDT_Perplong	+0.0100%	8h	9.2775	long leg	$648K	$2.6M	10x
ApeX Omni UNIUSDT	+0.0100%	1h	9.2790	+0.016%	$91K	$707K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.2730	−0.049%	$51K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.2109	−0.718%	$85K	$384K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.2030	−0.803%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.2077	−0.753%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.2069	−0.761%	$22K	$717K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.2068	−0.762%	$727K	$4.4M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.2050	−0.782%	$27.7M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.2158	−0.666%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.2004	−0.832%	$312K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.2070	−0.760%	$33K	—	3x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0124%	1h	9.2095	−0.733%	$595K	$184K	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.2020	−0.814%	$10.3M	$3.6M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0272%	1h	9.2160	−0.663%	$1.1M	$4.9M	50x	as long as short
Reya UNIRUSDPERP	+0.0366%	1h	9.1998	−0.838%	$17K	—	20x	as long as short
Kraken Futures PF_UNIUSD	+0.0381%	1h	9.2110	−0.717%	$5.1M	$7.1M	50x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0323%	1h	9.2015	−0.820%	$582K	—	120x	as long as short
Hyperliquid UNI	+0.0562%	1h	9.2192	−0.629%	$101.6M	$59.8M	10x	as long as short
Lighter UNI	+0.0968%	1h	9.2270	−0.545%	$4.7M	$5.3M	15x	as long as short
Aftermath Perps UNIUSD	+0.1019%	1h	9.2509	−0.287%	$936	$49K	10x	as long as short