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 0.000%

Price spread now: Gate against Orderly−0.141%7-day average −0.007% · you buy dearer than you sell

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

Long on Orderly Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.107%−$11 on $10k

Price spread, last 3 days (all we have)−0.014%−$1 · spread now −0.141%, 7d avg −0.007%

Together, before fees−0.121%−$12 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 0.135% cheaper against Orderly than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of −0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_UNI_USDC	9.2020	0.0100	pay 0.0100% / 8h	7h 19m	$16K	$1.7M	10x
Short	Gate UNI_USDT	9.1890	0.0100	get 0.0100% / 8h	7h 19m	$23.5M	$60.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Orderly. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 GatebpOrdersPrice spread, now −0.141%Rate

Funding earned: $0
Price spread: −0.141% → −0.007%: −$13.47
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$34.47
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Gate: live order book, 4 min ago. 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 Gate live order book, 4 min ago	1.61 bp	11.0 bp −$11	23.4 bp −$234	45.4 bp −$4,540	68.1 bp −$34.0K

Orderly: 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
Deribit UNI_USDC-PERPETUAL	0.0000%	1h	9.2067	+0.051%	$595K	$185K	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	9.2051	+0.033%	$39K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−4.043%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0072%	1h	9.2065	+0.049%	$459	—	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.1955	−0.071%	$1.0M	$4.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.1924	−0.104%	$1.1M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.2009	−0.011%	$307K	$586K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.1964	−0.061%	$230.8M	$603.5M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.1870	−0.163%	$103.5M	$107.9M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.1860	−0.174%	$56.6M	$258.4M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus UNI-USD	+0.0100%	1h	9.2100	+0.087%	$284K	$626K	10x	as long as short
Gate UNI_USDTshort	+0.0100%	8h	9.1890	−0.141%	$23.5M	$60.1M	75x
MEXC UNI_USDT	+0.0100%	8h	9.1880	−0.152%	$46.2M	$24.4M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.1890	−0.141%	$13.7M	$13.6M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.1840	−0.196%	$33.9M	$43.2M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	9.1870	−0.163%	—	$56.7M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.1861	−0.173%	$1.0M	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.2000	−0.022%	$4.2M	$4.4M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.2914	+0.972%	$175K	$344K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.2775	+0.821%	$648K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.2790	+0.837%	$91K	$707K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.2070	+0.054%	$57K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.2048	+0.030%	$85K	$384K	10x	as long as short
Orderly PERP_UNI_USDClong	+0.0100%	8h	9.2020	long leg	$16K	$1.7M	10x
SunX UNI-USDT	+0.0100%	8h	9.2115	+0.103%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.2002	−0.020%	$22K	$717K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.2068	+0.052%	$727K	$4.4M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.1950	−0.076%	$27.7M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.1899	−0.131%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.1844	−0.191%	$311K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.2040	+0.022%	$33K	—	3x	as long as short
dYdX UNI-USD	+0.0133%	1h	9.1872	−0.161%	$242K	$20K	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.2020	0.000%	$10.3M	$3.6M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0272%	1h	9.2130	+0.120%	$1.1M	$4.9M	50x	as long as short
Reya UNIRUSDPERP	+0.0366%	1h	9.1968	−0.057%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0323%	1h	9.2063	+0.047%	$581K	—	120x	as long as short
Kraken Futures PF_UNIUSD	+0.0381%	1h	9.2081	+0.067%	$5.1M	$7.1M	50x	as long as short
Hyperliquid UNI	+0.0554%	1h	9.1962	−0.063%	$101.3M	$59.8M	10x	as long as short
Lighter UNI	+0.0960%	1h	9.2038	+0.020%	$4.7M	$5.3M	15x	as long as short
Aftermath Perps UNIUSD	+0.1035%	1h	9.2424	+0.439%	$935	$49K	10x	as long as short