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Funding arb · Price arb /

UNI

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 02:00 UTC+0.0096%/8h= +10.5% APRnext payment +$0.12 per $10,000 · paid last 24h +0.032%
Price spread now: Backpack against gTrade (Gains Network)+0.070%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on gTrade (Gains Network)Short on Backpack
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
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Backpack is 0.070% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$7 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) UNI/USD8.9648L +0.0004% / S −0.0004%pay 0.0001% / 1h46m 25s$37K—150x
ShortBackpack UNI_USDC_PERP8.97100.0100get 0.0013% / 1h46m 25s$983K$2.4M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Backpack against gTrade (Gains Network). 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

Funding earned
$20.14
Price spread: +0.070% → 0.000%
$6.97
Slippage, 4 orders
no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Fee Backpack: 5 bp × 2 orders
−$10
Net
$7.11
Costs to cover
0.200%
Break-even
4.5 days
Slippage unknown: gTrade (Gains Network): no order-book sample; Backpack: live order book, 3 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy gTrade (Gains Network) no order-book sample—————
Sell Backpack live order book, 3 min ago0.28 bp5.8 bp −$6521.0 bp −$5,210doesn't fitdoesn't fit
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX UNI-USD0.0000%1h8.9717+0.077%$236K$30K10xas long as short
gTrade (Gains Network) UNI/USDlongL +0.0004% / S −0.0004%1h8.9648long leg$37K—150x
Injective UNI/USDC PERP+0.0033%1h8.8300−1.503%$660$154K12xas long as short
01 Exchange UNIUSD+0.0056%1h8.9709+0.069%$448—10xas long as short
Nado UNI-PERP+0.0100%1h8.9650+0.003%$929K$4.3M10xas long as short
Hyperliquid UNI+0.0100%1h8.9751+0.115%$97.9M$59.6M10xas long as short
Aster UNIUSDT+0.0100%8h8.9771+0.137%$1.0M$2.9M50xas long as short
Pacifica UNI+0.0100%1h8.9711+0.071%$294K$582K10xas long as short
Binance UNIUSDT+0.0100%8h8.9670+0.025%$224.7M$609.3M75xas long as short
Bybit UNIUSDT+0.0100%8h8.9670+0.025%$100.6M$107.6M75xas long as short
Show all 40 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX UNI-USDT-SWAP+0.0100%8h8.9670+0.025%$55.4M$252.3M50xas long as short
Arcus UNI-USD+0.0100%1h8.9750+0.114%$274K$616K10xas long as short
Gate UNI_USDT+0.0100%8h8.9670+0.025%$22.8M$57.9M75xas long as short
MEXC UNI_USDT+0.0100%8h8.9670+0.025%$49.8M$24.9M200xas long as short
KuCoin UNIUSDTM+0.0100%8h8.9690+0.047%$13.3M$13.7M75xas long as short
Bitget UNIUSDT+0.0100%8h8.9660+0.014%$32.8M$42.8M75xas long as short
BingX UNI-USDC+0.0100%8h8.9680+0.036%—$6.5M—as long as short
Backpack UNI_USDC_PERPshort+0.0100%1h8.9710+0.070%$983K$2.4M10x
Variational Omni UNI+0.0100%8h8.9621−0.029%$4.1M$4.3M—as long as short
edgeX UNIUSDC+0.0100%4h8.9950+0.337%$169K$345K20xas long as short
GRVT UNI_USDT_Perp+0.0100%8h8.9996+0.389%$635K$2.6M10xas long as short
ApeX Omni UNIUSDT+0.0100%1h9.0000+0.393%$88K$706K50xas long as short
StandX UNI-USD+0.0100%1h8.9770+0.137%$55K$3.3M20xas long as short
Polymarket Perps UNI-USD+0.0100%1h8.9677+0.033%$85K$408K10xas long as short
Orderly PERP_UNI_USDC+0.0100%8h8.9670+0.025%$16K$1.7M10xas long as short
SunX UNI-USDT+0.0100%8h8.9710+0.070%$36K$1.3M30xas long as short
SoDEX UNI-USD+0.0100%1h8.9640−0.008%$21K$715K10xas long as short
HTX UNI-USDT+0.0100%8h8.9944+0.331%$711K$4.2M75xas long as short
Phemex UNIUSDT+0.0100%8h8.9750+0.114%$27.1M$4.5M50xas long as short
Paradex UNI-USD-PERP+0.0100%8h8.9672+0.028%$26K—20xas long as short
Extended UNI-USD+0.0104%1h8.9657+0.011%$299K$1.5M25xas long as short
Aevo UNI-PERP+0.0104%1h8.9663+0.018%$32K—3xas long as short
BloFin UNI-USDT+0.0220%8h8.9940+0.326%$10.3M$3.6M75xas long as short
Deribit UNI_USDC-PERPETUAL+0.0232%1h8.9739+0.102%$580K$187K50xas long as short
Coinbase International UNI-PERP-INTX+0.0312%1h8.9820+0.192%$1.1M$4.6M50xas long as short
Reya UNIRUSDPERP+0.0368%1h8.9611−0.041%$16K—20xas long as short
GMX UNI/USD [UNI-USDC]L +0.0382% / S −0.0245%1h8.9647−0.001%$639K—120xas long as short
Lighter UNI+0.0416%1h8.9872+0.250%$4.6M$5.1M15xas long as short
Kraken Futures PF_UNIUSD+0.0427%1h8.9720+0.081%$5.0M$6.9M50xas long as short
Aftermath Perps UNIUSD+0.1018%1h9.0005+0.399%$883$49K10xas long as short