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: GRVT against OKX+0.417%7-day average +0.024% · you sell dearer than you buy

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs+$5as in the Price arb table

costs, in and out, $10k−$340.341% of the position

Long on OKX Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.072%+$7 on $10k

Price spread, last 7 days−0.576%−$58 · spread now +0.417%, 7d avg +0.024%

Together, before fees−0.505%+ Points / potential airdropGRVT: Active · farm board−$50 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: GRVT is 0.393% dearer against OKX than usual: you sell high and buy low, +$39 on $10k if it goes back to its 7-day average of +0.024%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX UNI-USDT-SWAP	9.0870	0.0100	pay 0.0100% / 8h	5h 41m	$56.1M	$253.0M	50x
Short	GRVT UNI_USDT_Perp	9.1249	0.0100	get 0.0100% / 8h	5h 41m	$637K	$2.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.417%Rate

Funding earned: $0
Price spread: +0.417% → +0.024%: $39.31
Slippage, 4 orders: −$15.13
Fee OKX: 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: $5.17
Costs to cover: 0.341%
Break-even: from the start

Slippage from OKX: live order book, 3 min ago; GRVT: 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 OKX live order book, 3 min ago	0.55 bp	7.5 bp −$8	14.3 bp −$143	64.5 bp −$6,448	doesn't fit
Sell GRVT live order book, 2 min ago	1.64 bp	7.5 bp −$8	23.7 bp −$237	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
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	9.1187	+0.349%	$19K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−2.828%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0096%	1h	9.0936	+0.073%	$454	$5	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.0837	−0.036%	$946K	$4.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.0946	+0.084%	$1.0M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.0846	−0.026%	$296K	$570K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.0940	+0.077%	$226.8M	$609.4M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.0900	+0.033%	$102.3M	$107.7M	75x	as long as short
OKX UNI-USDT-SWAPlong	+0.0100%	8h	9.0870	long leg	$56.1M	$253.0M	50x
Arcus UNI-USD	+0.0100%	1h	9.1020	+0.165%	$288K	$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	9.0910	+0.044%	$23.4M	$59.4M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0920	+0.055%	$49.2M	$25.1M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0850	−0.022%	$13.6M	$12.9M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0890	+0.022%	$33.3M	$42.6M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	9.0930	+0.066%	—	$56.6M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.1099	+0.252%	$991K	$2.2M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.0819	−0.056%	$4.2M	$4.2M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.1246	+0.414%	$172K	$343K	20x	as long as short
GRVT UNI_USDT_Perpshort	+0.0100%	8h	9.1249	+0.417%	$637K	$2.6M	10x
ApeX Omni UNIUSDT	+0.0100%	1h	9.1290	+0.462%	$89K	$694K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.1320	+0.495%	$58K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.1354	+0.533%	$89K	$412K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.1140	+0.297%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.1373	+0.554%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.1173	+0.333%	$22K	$755K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.1307	+0.481%	$721K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.1200	+0.363%	$27.5M	$4.4M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.0883	+0.014%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0886	+0.018%	$302K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.1156	+0.314%	$32K	—	3x	as long as short
dYdX UNI-USD	+0.0150%	1h	9.0825	−0.050%	$239K	$30K	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.1290	+0.462%	$10.5M	$3.6M	75x	as long as short
Kraken Futures PF_UNIUSD	+0.0269%	1h	9.1217	+0.382%	$5.1M	$7.3M	50x	as long as short
Coinbase International UNI-PERP-INTX	+0.0296%	1h	9.1240	+0.407%	$1.1M	$5.0M	50x	as long as short
Reya UNIRUSDPERP	+0.0370%	1h	9.1287	+0.459%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.1214	+0.379%	$650K	—	120x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0412%	1h	9.1205	+0.369%	$588K	$191K	50x	as long as short
Hyperliquid UNI	+0.0574%	1h	9.0977	+0.118%	$99.1M	$59.3M	10x	as long as short
Lighter UNI	+0.0592%	1h	9.1005	+0.149%	$4.7M	$5.6M	15x	as long as short
Aftermath Perps UNIUSD	+0.0968%	1h	9.1145	+0.302%	$933	$47K	10x	as long as short