Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0143%/8h= +15.7% APRpaid last 24h +0.092%

Price spread now: GMX against Bitget+0.180%7-day average +0.058% · you sell dearer than you buy

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

Long on Bitget Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.094%+$9 on $10k

Price spread, last 4 days (all we have)+0.001%$0 · spread now +0.180%, 7d avg +0.058%

Together, before fees+0.095%+$10 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and GMX is 0.121% dearer against Bitget than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of +0.058%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget UNIUSDT	8.9810	0.0100	pay 0.0100% / 8h	1h 57m	$33.0M	$45.9M	75x
Short	GMX UNI/USD [UNI-USDC]	8.9971	L +0.0381% / S −0.0243%	get 0.0030% / 1h	57m 38s	$640K	—	120x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Bitget. 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 BitgetbpFee GMXbpOrdersPrice spread, now +0.180%Rate

Funding earned: $30.13
Price spread: +0.180% → +0.058%: $12.13
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: $18.27
Costs to cover: 0.240%
Break-even: 2.8 days

Slippage unknown: Bitget: live order book, 1 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 Bitget live order book, 1 min ago	1.11 bp	8.3 bp −$8	15.9 bp −$159	31.2 bp −$3,124	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
Polymarket Perps UNI-USD	−0.0048%	1h	8.9955	+0.161%	$123K	$588K	10x	as long as short
Kraken Futures PF_UNIUSD	−0.0017%	1h	8.9927	+0.130%	$4.7M	$8.6M	50x	as long as short
dYdX UNI-USD	0.0000%	1h	8.9952	+0.158%	$237K	$31K	10x	as long as short
Deribit UNI_USDC-PERPETUAL	0.0000%	1h	8.9948	+0.154%	$593K	$248K	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0007%	1h	8.9952	+0.158%	$49K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−1.681%	$660	$153K	12x	as long as short
01 Exchange UNIUSD	+0.0064%	1h	8.9887	+0.086%	$449	$5	10x	as long as short
Lighter UNI	+0.0096%	1h	8.9997	+0.208%	$4.5M	$5.6M	15x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.9892	+0.091%	$26K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.9820	+0.011%	$774K	$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	8.9871	+0.068%	$741K	$3.6M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.9931	+0.135%	$288K	$593K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.9850	+0.045%	$218.0M	$659.6M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	8.9830	+0.022%	$100.0M	$112.4M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	8.9820	+0.011%	$54.6M	$267.7M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.9920	+0.122%	$321K	$705K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.9810	0.000%	$24.8M	$65.8M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.9910	+0.111%	$49.5M	$26.5M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.9940	+0.145%	$13.2M	$13.4M	75x	as long as short
Bitget UNIUSDTlong	+0.0100%	8h	8.9810	long leg	$33.0M	$45.9M	75x
BingX UNI-USDC	+0.0100%	8h	8.9830	+0.022%	—	$6.5M	—	as long as short
Variational Omni UNI	+0.0100%	8h	9.0088	+0.310%	$4.1M	$4.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.9923	+0.126%	$170K	$344K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0110	+0.334%	$624K	$2.7M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0270	+0.512%	$91K	$709K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0020	+0.234%	$15K	$3.5M	20x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.9910	+0.111%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.0023	+0.237%	$36K	$1.4M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.9889	+0.088%	$32K	$887K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.0040	+0.256%	$702K	$5.0M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.9930	+0.134%	$27.1M	$4.5M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.9779	−0.035%	$299K	$1.7M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.9914	+0.116%	$32K	—	3x	as long as short
Backpack UNI_USDC_PERP	+0.0132%	1h	8.9975	+0.184%	$1.1M	$2.4M	10x	as long as short
Coinbase International UNI-PERP-INTX	+0.0192%	1h	9.0110	+0.334%	$939K	$5.6M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.0020	+0.234%	$10.1M	$3.7M	75x	as long as short
Reya UNIRUSDPERP	+0.0378%	1h	8.9957	+0.163%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]short	L +0.0381% / S −0.0243%	1h	8.9971	+0.180%	$640K	—	120x
Aftermath Perps UNIUSD	+0.0489%	1h	9.0109	+0.333%	$1K	$54K	10x	as long as short
Hyperliquid UNI	+0.0601%	1h	9.0061	+0.279%	$96.9M	$66.7M	10x	as long as short