Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.003%

Price spread now: 01 Exchange against GRVT+0.645%56s7-day average — · you sell dearer than you buy

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

Long on GRVT Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropGRVT: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: 01 Exchange is 0.645% dearer against GRVT than usual: you sell high and buy low, +$64 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 56 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	9.0730	0.0100	pay 0.0100% / 8h	5h 41m	$634K	$2.6M	10x
Short	01 Exchange UNIUSD	9.1315	0.0096	get 0.0012% / 1h	41m 46s	$456	$5	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now +0.645%Rate

Funding earned: −$0.84
Price spread: +0.645% → 0.000%: $64.49
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: $47.65
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: GRVT: live order book, 2 min ago; 01 Exchange: 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, 2 min ago	1.64 bp	11.5 bp −$11	15.5 bp −$155	1776.7 bp −$177.7K	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: 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
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	9.1187	+0.504%	$19K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−2.678%	$660	$154K	12x	as long as short
01 Exchange UNIUSDshort	+0.0096%	1h	9.1315	+0.645%	$456	$5	10x
Nado UNI-PERP	+0.0100%	1h	9.1222	+0.543%	$950K	$4.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.0979	+0.275%	$1.0M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.0846	+0.128%	$296K	$570K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.0826	+0.105%	$226.5M	$609.6M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.0850	+0.132%	$102.3M	$107.7M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.0960	+0.254%	$56.1M	$253.2M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.1350	+0.684%	$289K	$619K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate UNI_USDT	+0.0100%	8h	9.0840	+0.121%	$23.4M	$59.4M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0900	+0.188%	$49.2M	$25.1M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0880	+0.165%	$13.6M	$12.9M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0830	+0.110%	$33.3M	$42.6M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	9.0850	+0.132%	—	$56.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.1099	+0.407%	$991K	$2.2M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.0819	+0.098%	$4.2M	$4.2M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.0951	+0.244%	$171K	$347K	20x	as long as short
GRVT UNI_USDT_Perplong	+0.0100%	8h	9.0730	long leg	$634K	$2.6M	10x
ApeX Omni UNIUSDT	+0.0100%	1h	9.1080	+0.386%	$89K	$696K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.1300	+0.628%	$58K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.1354	+0.688%	$89K	$412K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.1140	+0.452%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.1373	+0.709%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.1173	+0.488%	$22K	$755K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.1307	+0.636%	$721K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.1200	+0.518%	$27.5M	$4.4M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.1230	+0.551%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0829	+0.109%	$304K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.1156	+0.469%	$32K	—	3x	as long as short
dYdX UNI-USD	+0.0150%	1h	9.0825	+0.105%	$239K	$30K	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.1290	+0.617%	$10.5M	$3.6M	75x	as long as short
Kraken Futures PF_UNIUSD	+0.0269%	1h	9.1217	+0.537%	$5.1M	$7.3M	50x	as long as short
Coinbase International UNI-PERP-INTX	+0.0296%	1h	9.1240	+0.562%	$1.1M	$5.0M	50x	as long as short
Reya UNIRUSDPERP	+0.0370%	1h	9.1287	+0.614%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.1214	+0.534%	$650K	—	120x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0412%	1h	9.1205	+0.524%	$588K	$191K	50x	as long as short
Hyperliquid UNI	+0.0574%	1h	9.0977	+0.272%	$99.1M	$59.3M	10x	as long as short
Lighter UNI	+0.0592%	1h	9.1005	+0.303%	$4.7M	$5.6M	15x	as long as short
Aftermath Perps UNIUSD	+0.0968%	1h	9.1145	+0.457%	$933	$47K	10x	as long as short