Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0093%/8h= −10.2% APRpaid last 24h −0.002%

Price spread now: gTrade (Gains Network) against Bybit−0.009%7-day average — · you buy dearer than you sell

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

Long on Bybit 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 sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit UNIUSDT	9.0290	0.0100	pay 0.0100% / 8h	2h 01m	$100.5M	$112.4M	75x
Short	gTrade (Gains Network) UNI/USD	9.0282	L +0.0004% / S −0.0007%	get 0.0001% / 1h	1m 52s	$49K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Bybit. 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 BybitbpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.009%Rate

Funding earned: −$19.62
Price spread: −0.009% → 0.000%: −$0.89
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$41.5
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 2 min ago; 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 Bybit live order book, 2 min ago	0.55 bp	12.0 bp −$12	21.5 bp −$215	41.5 bp −$4,155	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

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
Kraken Futures PF_UNIUSD	−0.0017%	1h	9.0290	0.000%	$4.8M	$8.6M	50x	as long as short
Nado UNI-PERP	−0.0009%	1h	9.0355	+0.072%	$782K	$4.7M	10x	as long as short
gTrade (Gains Network) UNI/USDshort	L +0.0004% / S −0.0007%	1h	9.0282	−0.009%	$49K	—	150x
01 Exchange UNIUSD	+0.0008%	1h	9.0407	+0.130%	$451	$5	10x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−2.204%	$660	$153K	12x	as long as short
Polymarket Perps UNI-USD	+0.0081%	1h	9.0328	+0.042%	$126K	$583K	10x	as long as short
Lighter UNI	+0.0096%	1h	9.0391	+0.112%	$4.6M	$5.6M	15x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0099%	1h	9.0296	+0.007%	$595K	$247K	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.0296	+0.007%	$26K	—	20x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.0333	+0.048%	$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	9.0357	+0.074%	$291K	$592K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.0300	+0.011%	$219.3M	$659.0M	75x	as long as short
Bybit UNIUSDTlong	+0.0100%	8h	9.0290	long leg	$100.5M	$112.4M	75x
OKX UNI-USDT-SWAP	+0.0100%	8h	9.0300	+0.011%	$54.9M	$269.1M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.0440	+0.166%	$323K	$705K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.0300	+0.011%	$24.8M	$66.9M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0280	−0.011%	$49.8M	$27.2M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0330	+0.044%	$13.2M	$13.4M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0290	0.000%	$33.2M	$45.9M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	9.0300	+0.011%	—	$57.2M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.0337	+0.052%	$1.1M	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.0319	+0.032%	$4.2M	$4.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.0356	+0.073%	$171K	$346K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0060	−0.255%	$624K	$2.7M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0360	+0.078%	$91K	$709K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0310	+0.022%	$15K	$3.5M	20x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.0220	−0.078%	$17K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.0409	+0.132%	$37K	$1.4M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.0254	−0.040%	$32K	$886K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.0328	+0.042%	$710K	$5.0M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.0250	−0.044%	$27.2M	$4.5M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0238	−0.057%	$300K	$1.7M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0256	−0.037%	$32K	—	3x	as long as short
dYdX UNI-USD	+0.0143%	1h	9.0343	+0.059%	$238K	$31K	10x	as long as short
Coinbase International UNI-PERP-INTX	+0.0184%	1h	9.0350	+0.066%	$942K	$5.7M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.0310	+0.022%	$10.1M	$3.7M	75x	as long as short
Hyperliquid UNI	+0.0242%	1h	9.0403	+0.125%	$97.1M	$66.6M	10x	as long as short
Reya UNIRUSDPERP	+0.0377%	1h	9.0332	+0.047%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0243%	1h	9.0281	−0.010%	$643K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0464%	1h	9.0185	−0.117%	$988	$54K	10x	as long as short