Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0093%/8h= −10.2% APRpaid last 24h −0.029%

Price spread now: gTrade (Gains Network) against Orderly+0.032%7-day average — · you sell dearer than you buy

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

Long on Orderly 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

The price spread pays, funding is against you. gTrade (Gains Network) is 0.032% dearer against Orderly than usual: you sell high and buy low (spread +0.032% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 28 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_UNI_USDC	8.8950	0.0100	pay 0.0100% / 8h	1h 36m	$16K	$1.8M	10x
Short	gTrade (Gains Network) UNI/USD	8.8979	L +0.0004% / S −0.0007%	get 0.0001% / 1h	36m 01s	$49K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Orderly. 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 OrderlybpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.032%Rate

Funding earned: −$19.61
Price spread: +0.032% → 0.000%: $3.22
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$32.39
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; 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 Orderly no order-book sample	—	—	—	—	—
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

Orderly and 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
Polymarket Perps UNI-USD	−0.0187%	1h	8.8907	−0.048%	$108K	$617K	10x	as long as short
Kraken Futures PF_UNIUSD	−0.0017%	1h	8.8976	+0.029%	$4.7M	$8.7M	50x	as long as short
gTrade (Gains Network) UNI/USDshort	L +0.0004% / S −0.0007%	1h	8.8979	+0.032%	$49K	—	150x
01 Exchange UNIUSD	+0.0016%	1h	8.8937	−0.015%	$444	$5	10x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−0.731%	$660	$153K	12x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0051%	1h	8.9002	+0.059%	$586K	$250K	50x	as long as short
dYdX UNI-USD	+0.0091%	1h	8.8935	−0.017%	$234K	$31K	10x	as long as short
Lighter UNI	+0.0096%	1h	8.9088	+0.155%	$4.5M	$5.6M	15x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8943	−0.007%	$25K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.8890	−0.067%	$744K	$4.7M	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster UNIUSDT	+0.0100%	8h	8.9067	+0.132%	$734K	$3.6M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.8981	+0.035%	$284K	$591K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.9050	+0.112%	$215.1M	$659.8M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	8.9050	+0.112%	$98.9M	$112.1M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	8.9000	+0.056%	$54.1M	$265.6M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.9030	+0.090%	$317K	$704K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.9010	+0.067%	$24.9M	$66.5M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.9000	+0.056%	$49.0M	$26.5M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.9030	+0.090%	$13.0M	$13.4M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8990	+0.045%	$32.6M	$45.6M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.8980	+0.034%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.9057	+0.120%	$1.1M	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	8.9189	+0.269%	$4.1M	$4.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.9049	+0.111%	$169K	$345K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.9245	+0.332%	$630K	$2.7M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.9250	+0.337%	$90K	$710K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.9080	+0.146%	$15K	$3.5M	20x	as long as short
Orderly PERP_UNI_USDClong	+0.0100%	8h	8.8950	long leg	$16K	$1.8M	10x
SunX UNI-USDT	+0.0100%	8h	8.8986	+0.040%	$36K	$1.4M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.8943	−0.008%	$32K	$885K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.9140	+0.214%	$697K	$4.9M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.9040	+0.101%	$26.9M	$4.5M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8913	−0.041%	$298K	$1.7M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8953	+0.003%	$32K	—	3x	as long as short
Coinbase International UNI-PERP-INTX	+0.0192%	1h	8.9040	+0.101%	$928K	$5.5M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.8920	−0.034%	$10.1M	$3.6M	75x	as long as short
Hyperliquid UNI	+0.0320%	1h	8.9091	+0.159%	$94.7M	$67.5M	10x	as long as short
Reya UNIRUSDPERP	+0.0378%	1h	8.8893	−0.064%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0243%	1h	8.8972	+0.025%	$633K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0519%	1h	8.9244	+0.330%	$1K	$53K	10x	as long as short