Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0306%/8h= +33.6% APRpaid last 24h +0.089%

Price spread now: GMX against OKX+0.043%7-day average +0.062% · you sell dearer than you buy

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

Long on OKX Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.108%+$11 on $10k

Price spread, last 3 days (all we have)+0.192%+$19 · spread now +0.043%, 7d avg +0.062%

Together, before fees+0.299%+$30 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.062%, so right now this pair is about funding alone: +$9 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX UNI-USDT-SWAP	8.8980	0.0014	pay 0.0014% / 8h	2h 31m	$54.7M	$247.3M	50x
Short	GMX UNI/USD [UNI-USDC]	8.9018	L +0.0379% / S −0.0320%	get 0.0040% / 1h	31m 25s	$557K	—	120x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now +0.043%Rate

Funding earned: $64.35
Price spread: +0.043% → +0.062%: −$1.94
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: $40.41
Costs to cover: 0.220%
Break-even: 2.6 days

Slippage unknown: OKX: live order book, 3 min ago; GMX: 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, 3 min ago	0.56 bp	6.3 bp −$6	17.0 bp −$170	88.3 bp −$8,826	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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	−0.0185%	8h	8.8292	−0.773%	$3.9M	$4.6M	—	as long as short
Bybit UNIUSDT	−0.0147%	8h	8.8980	0.000%	$101.8M	$105.6M	75x	as long as short
01 Exchange UNIUSD	0.0000%	1h	8.9136	+0.175%	$445	—	10x	as long as short
Deribit UNI_USDC-PERPETUAL	0.0000%	1h	8.9065	+0.096%	$563K	$136K	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0006%	1h	8.9030	+0.056%	$80K	—	150x	as long as short
OKX UNI-USDT-SWAPlong	+0.0014%	8h	8.8980	long leg	$54.7M	$247.3M	50x
dYdX UNI-USD	+0.0093%	1h	8.8781	−0.224%	$246K	$5K	10x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8776	−0.229%	$25K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.9110	+0.146%	$849K	$3.9M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.8878	−0.115%	$1.0M	$3.4M	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	8.8806	−0.195%	$297K	$561K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.9045	+0.073%	$217.8M	$594.2M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.8890	−0.101%	$274K	$612K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.9130	+0.169%	$23.2M	$59.1M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.9140	+0.180%	$43.2M	$24.5M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.9170	+0.214%	$13.8M	$13.7M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8980	0.000%	$32.3M	$41.3M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.9000	+0.022%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8710	−0.303%	$985K	$2.3M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8743	−0.266%	$167K	$344K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8615	−0.410%	$619K	$2.5M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8860	−0.135%	$84K	$712K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8700	−0.315%	$105K	$3.2M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.9192	+0.238%	$87K	$324K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.9000	+0.022%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.9189	+0.235%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.9002	+0.025%	$25K	$666K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.8851	−0.145%	$725K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8650	−0.371%	$26.7M	$4.3M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8985	+0.005%	$302K	$1.4M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.9021	+0.047%	$32K	$1K	3x	as long as short
Coinbase International UNI-PERP-INTX	+0.0200%	1h	8.9080	+0.112%	$1.0M	$5.4M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.8710	−0.303%	$9.8M	$3.3M	75x	as long as short
Kraken Futures PF_UNIUSD	+0.0267%	1h	8.9021	+0.046%	$5.0M	$7.1M	50x	as long as short
Hyperliquid UNI	+0.0302%	1h	8.9270	+0.326%	$97.1M	$59.9M	10x	as long as short
Reya UNIRUSDPERP	+0.0360%	1h	8.9148	+0.189%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]short	L +0.0379% / S −0.0320%	1h	8.9018	+0.043%	$557K	—	120x
Aftermath Perps UNIUSD	+0.0490%	1h	8.8671	−0.348%	$1K	$50K	10x	as long as short
Lighter UNI	+0.0536%	1h	8.8965	−0.017%	$4.5M	$5.4M	15x	as long as short
Injective UNI/USDC PERP	+0.2702%	1h	8.7900	−1.214%	$657	$97K	12x	as long as short