Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0096%/8h= −10.5% APRpaid last 24h −0.011%

Price spread now: gTrade (Gains Network) against OKX−0.046%7-day average — · you buy dearer than you sell

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

Long on OKX Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.046% cheaper against OKX than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX UNI-USDT-SWAP	9.0780	0.0100	pay 0.0100% / 8h	4h 24m	$55.2M	$261.3M	50x
Short	gTrade (Gains Network) UNI/USD	9.0738	L +0.0004% / S −0.0004%	get 0.0000% / 1h	24m 50s	$37K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against OKX. 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 OKXbpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.046%Rate

Funding earned: −$20.17
Price spread: −0.046% → 0.000%: −$4.58
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$44.75
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 4 min ago; gTrade (Gains Network): 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 OKX live order book, 4 min ago	0.55 bp	7.9 bp −$8	15.0 bp −$150	55.0 bp −$5,495	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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/USDshort	L +0.0004% / S −0.0004%	1h	9.0738	−0.046%	$37K	—	150x
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−2.732%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0064%	1h	9.0739	−0.045%	$453	$5	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.0742	−0.041%	$891K	$4.4M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.0818	+0.042%	$832K	$3.5M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.0606	−0.192%	$294K	$599K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.0824	+0.049%	$223.3M	$637.1M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.0720	−0.066%	$101.8M	$110.8M	75x	as long as short
OKX UNI-USDT-SWAPlong	+0.0100%	8h	9.0780	long leg	$55.2M	$261.3M	50x
Arcus UNI-USD	+0.0100%	1h	9.0810	+0.033%	$314K	$651K	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	9.0790	+0.011%	$23.6M	$63.6M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0760	−0.022%	$48.0M	$25.4M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0800	+0.022%	$13.6M	$13.2M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0790	+0.011%	$33.5M	$44.7M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.0800	+0.022%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.0745	−0.039%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.0398	−0.420%	$4.3M	$4.1M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.0305	−0.523%	$170K	$344K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0350	−0.474%	$640K	$2.8M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0340	−0.485%	$92K	$700K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0460	−0.353%	$15K	$3.4M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.0771	−0.010%	$87K	$426K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.0710	−0.077%	$16K	$1.5M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.0729	−0.056%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.0735	−0.050%	$22K	$790K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.0817	+0.041%	$725K	$4.6M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.0700	−0.088%	$27.4M	$4.4M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.0472	−0.339%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0765	−0.016%	$293K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0724	−0.062%	$32K	—	3x	as long as short
dYdX UNI-USD	+0.0116%	1h	9.0793	+0.014%	$239K	$30K	10x	as long as short
Lighter UNI	+0.0168%	1h	9.0939	+0.175%	$4.6M	$5.8M	15x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.0760	−0.022%	$10.2M	$3.6M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0248%	1h	9.0790	+0.011%	$1.1M	$5.7M	50x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0250%	1h	9.0779	−0.001%	$582K	$193K	50x	as long as short
Kraken Futures PF_UNIUSD	+0.0269%	1h	9.0810	+0.033%	$5.0M	$7.9M	50x	as long as short
Reya UNIRUSDPERP	+0.0372%	1h	9.0759	−0.024%	$17K	—	20x	as long as short
Hyperliquid UNI	+0.0376%	1h	9.0889	+0.120%	$98.4M	$62.3M	10x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.0730	−0.055%	$646K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0988%	1h	9.0561	−0.241%	$1K	$46K	10x	as long as short