Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.020%

Price spread now: StandX against GRVT−0.073%62s7-day average +0.057% · you buy dearer than you sell

Net, funding: paid 7d − costs−$48as 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−$530.531% of the position

Long on GRVT Short on StandX

What this pair did over the last

the charts below follow

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

Price spread, last 7 days+0.019%+$2 · spread now −0.073%, 7d avg +0.057%

Together, before fees+0.067%+ Points / potential airdropGRVT: Active · StandX: Active · farm board+$7 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: StandX is 0.130% cheaper against GRVT than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of +0.057%. The two prices were read 62 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	8.8775	0.0100	pay 0.0100% / 8h	1h 22m	$626K	$2.5M	10x
Short	StandX UNI-USD	8.8710	0.0100	get 0.0013% / 1h	22m 14s	$106K	$3.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

StandX 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 StandXbpOrdersPrice spread, now −0.073%Rate

Funding earned: $0
Price spread: −0.073% → +0.057%: −$13
Slippage, 4 orders: −$36.1
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee StandX: 4 bp × 2 orders: −$8
Net: −$66.1
Costs to cover: 0.531%
Break-even: never at this rate

Slippage from GRVT: live order book, 1 min ago; StandX: 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, 1 min ago	1.13 bp	7.3 bp −$7	24.0 bp −$240	doesn't fit	doesn't fit
Sell StandX live order book, 2 min ago	6.20 bp	13.6 bp −$14	45.0 bp −$450	doesn't fit	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
Variational Omni UNI	−0.0057%	8h	8.8474	−0.339%	$3.9M	$4.5M	—	as long as short
Bybit UNIUSDT	−0.0003%	8h	8.8840	+0.073%	$101.3M	$104.5M	75x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	8.8904	+0.145%	$62K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−0.535%	$660	$155K	12x	as long as short
OKX UNI-USDT-SWAP	+0.0048%	8h	8.8840	+0.073%	$55.0M	$245.0M	50x	as long as short
01 Exchange UNIUSD	+0.0056%	1h	8.8885	+0.124%	$444	—	10x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8798	+0.026%	$25K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.8845	+0.079%	$941K	$4.0M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.8921	+0.164%	$1.0M	$3.3M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.8818	+0.048%	$298K	$570K	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	8.8870	+0.107%	$218.0M	$588.2M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.8910	+0.152%	$283K	$615K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.8870	+0.107%	$23.1M	$58.6M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.8880	+0.118%	$42.9M	$24.5M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.8870	+0.107%	$13.6M	$13.7M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8850	+0.085%	$32.2M	$41.4M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	8.8870	+0.107%	—	$51.7M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8833	+0.065%	$986K	$2.3M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8599	−0.198%	$167K	$343K	20x	as long as short
GRVT UNI_USDT_Perplong	+0.0100%	8h	8.8775	long leg	$626K	$2.5M	10x
ApeX Omni UNIUSDT	+0.0100%	1h	8.8740	−0.039%	$88K	$712K	50x	as long as short
StandX UNI-USDshort	+0.0100%	1h	8.8710	−0.073%	$106K	$3.2M	20x
Polymarket Perps UNI-USD	+0.0100%	1h	8.8866	+0.103%	$86K	$353K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8860	+0.096%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.8910	+0.152%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.8870	+0.107%	$25K	$666K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.8960	+0.208%	$730K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8850	+0.085%	$26.7M	$4.4M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8838	+0.071%	$301K	$1.4M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8895	+0.135%	$32K	$1K	3x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0118%	1h	8.8934	+0.179%	$565K	$157K	50x	as long as short
dYdX UNI-USD	+0.0143%	1h	8.8798	+0.025%	$246K	$6K	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.8710	−0.073%	$9.8M	$3.4M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0224%	1h	8.8890	+0.130%	$1.1M	$5.3M	50x	as long as short
Hyperliquid UNI	+0.0335%	1h	8.9004	+0.258%	$97.6M	$59.1M	10x	as long as short
Kraken Futures PF_UNIUSD	+0.0340%	1h	8.8950	+0.197%	$5.0M	$7.0M	50x	as long as short
Reya UNIRUSDPERP	+0.0362%	1h	8.8835	+0.068%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0379% / S −0.0319%	1h	8.8896	+0.137%	$557K	—	120x	as long as short
Lighter UNI	+0.0592%	1h	8.9046	+0.305%	$4.6M	$5.2M	15x	as long as short
Aftermath Perps UNIUSD	+0.0622%	1h	8.8616	−0.179%	$1K	$49K	10x	as long as short