Funding arb · Price arb /

UNI

all UNI markets

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 +0.018%

Price spread now: Gate against OKX+0.034%7-day average +0.010% · you sell dearer than you buy

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$400.399% of the position

Long on OKX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.008%−$1 on $10k

Price spread, last 7 days−0.061%−$6 · spread now +0.034%, 7d avg +0.010%

Together, before fees−0.069%−$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: Gate is 0.024% dearer against OKX than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX UNI-USDT-SWAP	8.8560	0.0100	pay 0.0100% / 8h	2h 42m	$53.7M	$262.6M	50x
Short	Gate UNI_USDT	8.8590	0.0100	get 0.0100% / 8h	2h 42m	$23.5M	$64.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.034%Rate

Funding earned: $0
Price spread: +0.034% → +0.010%: $2.36
Slippage, 4 orders: −$14.85
Fee OKX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$37.49
Costs to cover: 0.399%
Break-even: never at this rate

Slippage from OKX: live order book, 2 min ago; Gate: live order book, 1 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 OKX live order book, 2 min ago	0.56 bp	7.5 bp −$7	13.3 bp −$133	58.3 bp −$5,825	doesn't fit
Sell Gate live order book, 1 min ago	1.13 bp	10.5 bp −$10	19.7 bp −$197	38.9 bp −$3,885	60.0 bp −$30.0K

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
Nado UNI-PERP	−0.0145%	1h	8.8550	−0.011%	$802K	$4.7M	10x	as long as short
01 Exchange UNIUSD	−0.0080%	1h	8.8608	+0.054%	$442	$5	10x	as long as short
Kraken Futures PF_UNIUSD	−0.0017%	1h	8.8649	+0.100%	$4.8M	$8.4M	50x	as long as short
Deribit UNI_USDC-PERPETUAL	0.0000%	1h	8.8673	+0.128%	$568K	$202K	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0007%	1h	8.8702	+0.161%	$48K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−0.294%	$660	$153K	12x	as long as short
Polymarket Perps UNI-USD	+0.0084%	1h	8.8578	+0.020%	$99K	$499K	10x	as long as short
Lighter UNI	+0.0096%	1h	8.8757	+0.222%	$4.5M	$5.5M	15x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8610	+0.057%	$25K	—	20x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.8616	+0.063%	$752K	$3.6M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica UNI	+0.0100%	1h	8.8640	+0.090%	$284K	$612K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.8552	−0.009%	$215.3M	$658.0M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	8.8510	−0.056%	$99.0M	$112.5M	75x	as long as short
OKX UNI-USDT-SWAPlong	+0.0100%	8h	8.8560	long leg	$53.7M	$262.6M	50x
Arcus UNI-USD	+0.0100%	1h	8.8700	+0.158%	$330K	$686K	10x	as long as short
Gate UNI_USDTshort	+0.0100%	8h	8.8590	+0.034%	$23.5M	$64.6M	75x
MEXC UNI_USDT	+0.0100%	8h	8.8620	+0.068%	$46.6M	$26.3M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.8660	+0.113%	$13.0M	$13.4M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8560	0.000%	$32.6M	$46.5M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.8600	+0.045%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8627	+0.076%	$1.0M	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	8.8829	+0.304%	$4.1M	$4.2M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8945	+0.435%	$168K	$346K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8871	+0.351%	$620K	$2.8M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8960	+0.452%	$91K	$705K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8970	+0.463%	$15K	$3.4M	20x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8660	+0.113%	$16K	$1.6M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.8739	+0.202%	$36K	$1.4M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.8590	+0.034%	$22K	$852K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.8780	+0.248%	$708K	$5.0M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8630	+0.079%	$26.8M	$4.3M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8573	+0.015%	$295K	$1.7M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8610	+0.056%	$31K	—	3x	as long as short
dYdX UNI-USD	+0.0126%	1h	8.8674	+0.129%	$233K	$31K	10x	as long as short
Hyperliquid UNI	+0.0138%	1h	8.8750	+0.215%	$94.5M	$66.5M	10x	as long as short
Coinbase International UNI-PERP-INTX	+0.0184%	1h	8.8730	+0.192%	$929K	$5.8M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.8560	0.000%	$10.0M	$3.6M	75x	as long as short
Reya UNIRUSDPERP	+0.0376%	1h	8.8565	+0.005%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	8.8696	+0.154%	$631K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0653%	1h	8.8916	+0.402%	$865	$45K	10x	as long as short