Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0023%/8h= +2.6% APRpaid last 24h +0.059%

Price spread now: GMX against BloFin−0.032%51s7-day average +0.015% · you buy dearer than you sell

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

Long on BloFin Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.023%−$2 on $10k

Price spread, last 4 days (all we have)+0.024%+$2 · spread now −0.032%, 7d avg +0.015%

Together, before fees+0.001%$0 on $10k · with fees, hour by hour

Funding pays, the price is against you. GMX is 0.047% cheaper against BloFin than usual: you would sell low and buy high (spread −0.032% now, against its 7-day average of +0.015%). If the spread goes back, that is −$5 on $10k: about 6.7 days of funding at the current rate (+$1 a day). The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin UNI-USDT	9.0310	0.0220	pay 0.0220% / 8h	2h 01m	$10.1M	$3.7M	75x
Short	GMX UNI/USD [UNI-USDC]	9.0281	L +0.0381% / S −0.0243%	get 0.0030% / 1h	1m 32s	$643K	—	120x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against BloFin. 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 BloFinbpFee GMXbpOrdersPrice spread, now −0.032%Rate

Funding earned: $4.93
Price spread: −0.032% → +0.015%: −$4.69
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: −$23.76
Costs to cover: 0.240%
Break-even: 40.7 days

Slippage unknown: BloFin: live order book, 2 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 BloFin live order book, 2 min ago	1.11 bp	11.0 bp −$11	15.4 bp −$154	24.7 bp −$2,467	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
Kraken Futures PF_UNIUSD	−0.0017%	1h	9.0290	−0.023%	$4.8M	$8.6M	50x	as long as short
Nado UNI-PERP	−0.0005%	1h	9.0202	−0.119%	$777K	$4.7M	10x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0007%	1h	9.0282	−0.031%	$49K	—	150x	as long as short
01 Exchange UNIUSD	+0.0008%	1h	9.0258	−0.058%	$450	$5	10x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−2.226%	$660	$153K	12x	as long as short
Polymarket Perps UNI-USD	+0.0076%	1h	9.0175	−0.149%	$125K	$583K	10x	as long as short
Lighter UNI	+0.0096%	1h	9.0428	+0.131%	$4.6M	$5.6M	15x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0099%	1h	9.0296	−0.015%	$595K	$247K	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.0298	−0.013%	$26K	—	20x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.0292	−0.020%	$745K	$3.6M	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	9.0332	+0.025%	$291K	$592K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.0244	−0.073%	$218.9M	$659.0M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.0200	−0.122%	$100.4M	$112.4M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.0180	−0.144%	$54.9M	$268.7M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.0400	+0.100%	$322K	$705K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.0310	0.000%	$24.8M	$66.9M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0300	−0.011%	$49.8M	$27.2M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0350	+0.044%	$13.2M	$13.4M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0190	−0.133%	$33.1M	$45.9M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.0310	0.000%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.0337	+0.030%	$1.1M	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.0319	+0.010%	$4.2M	$4.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.0251	−0.065%	$171K	$346K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0314	+0.005%	$626K	$2.7M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0360	+0.055%	$91K	$709K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0370	+0.066%	$15K	$3.5M	20x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.0220	−0.100%	$17K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.0409	+0.110%	$37K	$1.4M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.0254	−0.062%	$32K	$886K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.0328	+0.020%	$710K	$5.0M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.0250	−0.066%	$27.2M	$4.5M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0275	−0.039%	$300K	$1.7M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0256	−0.059%	$32K	—	3x	as long as short
dYdX UNI-USD	+0.0140%	1h	9.0323	+0.014%	$238K	$31K	10x	as long as short
Coinbase International UNI-PERP-INTX	+0.0184%	1h	9.0350	+0.044%	$942K	$5.7M	50x	as long as short
BloFin UNI-USDTlong	+0.0220%	8h	9.0310	long leg	$10.1M	$3.7M	75x
Hyperliquid UNI	+0.0246%	1h	9.0455	+0.161%	$97.1M	$66.6M	10x	as long as short
Reya UNIRUSDPERP	+0.0377%	1h	9.0177	−0.148%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]short	L +0.0381% / S −0.0243%	1h	9.0281	−0.032%	$643K	—	120x
Aftermath Perps UNIUSD	+0.0464%	1h	9.0185	−0.139%	$988	$54K	10x	as long as short