Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Orderly against GRVT+0.099%70s7-day average −0.017% · you sell dearer than you buy

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

Long on GRVT Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days+0.048%+$5 on $10k

Price spread, last 3 days (all we have)+0.199%+$20 · spread now +0.099%, 7d avg −0.017%

Together, before fees+0.247%+ Points / potential airdropGRVT: Active · farm board+$25 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: Orderly is 0.116% dearer against GRVT than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.017%. The two prices were read 70 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	8.8123	0.0100	pay 0.0100% / 8h	2h 48m	$618K	$2.6M	10x
Short	Orderly PERP_UNI_USDC	8.8210	0.0100	get 0.0100% / 8h	2h 48m	$16K	$1.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.099%Rate

Funding earned: $0
Price spread: +0.099% → −0.017%: $11.59
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$3.41
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: GRVT: live order book, 5 min ago; Orderly: 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, 5 min ago	1.70 bp	10.6 bp −$11	18.2 bp −$182	1829.3 bp −$182.9K	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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	−0.0200%	8h	8.7965	−0.178%	$3.9M	$4.6M	—	as long as short
Bybit UNIUSDT	−0.0188%	8h	8.8140	+0.020%	$102.7M	$103.8M	75x	as long as short
01 Exchange UNIUSD	−0.0040%	1h	8.8176	+0.060%	$440	—	10x	as long as short
Deribit UNI_USDC-PERPETUAL	0.0000%	1h	8.8101	−0.025%	$550K	$125K	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0006%	1h	8.8197	+0.085%	$79K	—	150x	as long as short
OKX UNI-USDT-SWAP	+0.0007%	8h	8.8150	+0.031%	$54.3M	$244.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8155	+0.037%	$25K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.8092	−0.034%	$848K	$3.9M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.8198	+0.086%	$1.0M	$3.4M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.8155	+0.036%	$296K	$559K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance UNIUSDT	+0.0100%	8h	8.8160	+0.042%	$215.9M	$593.3M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.8230	+0.122%	$272K	$605K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.8110	−0.014%	$22.9M	$58.9M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.8120	−0.003%	$42.7M	$24.4M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.8130	+0.008%	$13.7M	$13.6M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8090	−0.037%	$31.9M	$40.9M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.8140	+0.020%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8065	−0.065%	$975K	$2.4M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8216	+0.106%	$166K	$343K	20x	as long as short
GRVT UNI_USDT_Perplong	+0.0100%	8h	8.8123	long leg	$618K	$2.6M	10x
ApeX Omni UNIUSDT	+0.0100%	1h	8.8070	−0.060%	$83K	$713K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8130	+0.008%	$105K	$3.2M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.8150	+0.031%	$86K	$324K	10x	as long as short
Orderly PERP_UNI_USDCshort	+0.0100%	8h	8.8210	+0.099%	$16K	$1.7M	10x
SunX UNI-USDT	+0.0100%	8h	8.8107	−0.018%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.8039	−0.095%	$28K	$659K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.8175	+0.059%	$720K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8040	−0.094%	$26.5M	$4.3M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8140	+0.020%	$307K	$1.4M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8262	+0.158%	$31K	$1K	3x	as long as short
dYdX UNI-USD	+0.0168%	1h	8.8150	+0.031%	$244K	$5K	10x	as long as short
Coinbase International UNI-PERP-INTX	+0.0200%	1h	8.8140	+0.020%	$1.0M	$5.3M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.8060	−0.071%	$9.8M	$3.3M	75x	as long as short
Kraken Futures PF_UNIUSD	+0.0270%	1h	8.8096	−0.031%	$4.9M	$7.1M	50x	as long as short
Hyperliquid UNI	+0.0352%	1h	8.8248	+0.142%	$95.8M	$59.6M	10x	as long as short
Reya UNIRUSDPERP	+0.0359%	1h	8.8099	−0.027%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0380% / S −0.0320%	1h	8.8188	+0.074%	$553K	—	120x	as long as short
Lighter UNI	+0.0424%	1h	8.8314	+0.217%	$4.5M	$5.3M	15x	as long as short
Aftermath Perps UNIUSD	+0.0477%	1h	8.8171	+0.055%	$1K	$50K	10x	as long as short
Injective UNI/USDC PERP	+0.2702%	1h	8.7900	−0.253%	$657	$97K	12x	as long as short