Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0096%/8h= +10.5% APRpaid last 24h +0.029%

Price spread now: BingX against gTrade (Gains Network)−0.075%46s7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on BingX

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

Funding pays, the price is against you. BingX is 0.075% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.075% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 2.6 days of funding at the current rate (+$3 a day). The two prices were read 46 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	gTrade (Gains Network) UNI/USD	8.9167	L +0.0004% / S −0.0007%	pay 0.0001% / 1h	48m 36s	$49K	—	150x
Short	BingX UNI-USDC	8.9100	0.0100	get 0.0100% / 8h	2h 48m	—	$6.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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

Position, each leg$Hold fordaysFee gTrade (Gains Network)bpFee BingXbpOrdersPrice spread, now −0.075%Rate

Funding earned: $20.14
Price spread: −0.075% → 0.000%: −$7.49
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$7.36
Costs to cover: 0.200%
Break-even: 9.6 days

Slippage unknown: gTrade (Gains Network): no order-book sample; BingX: live order book, 7 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell BingX live order book, 7 min ago	1.13 bp	11.7 bp −$12	22.8 bp −$228	79.2 bp −$7,921	681.7 bp −$340.9K

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
Nado UNI-PERP	−0.0222%	1h	8.9115	−0.058%	$795K	$4.7M	10x	as long as short
01 Exchange UNIUSD	−0.0088%	1h	8.9132	−0.039%	$445	$5	10x	as long as short
Kraken Futures PF_UNIUSD	−0.0017%	1h	8.9141	−0.029%	$4.8M	$8.4M	50x	as long as short
dYdX UNI-USD	0.0000%	1h	8.9087	−0.089%	$235K	$31K	10x	as long as short
Deribit UNI_USDC-PERPETUAL	0.0000%	1h	8.9189	+0.025%	$572K	$208K	50x	as long as short
gTrade (Gains Network) UNI/USDlong	L +0.0004% / S −0.0007%	1h	8.9167	long leg	$49K	—	150x
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−0.972%	$660	$153K	12x	as long as short
Lighter UNI	+0.0096%	1h	8.9219	+0.059%	$4.5M	$5.4M	15x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.9099	−0.077%	$25K	—	20x	as long as short
Hyperliquid UNI	+0.0100%	1h	8.9244	+0.087%	$95.1M	$66.3M	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	8.9164	−0.003%	$758K	$3.6M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.9120	−0.052%	$285K	$612K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.9140	−0.030%	$216.7M	$657.8M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	8.9080	−0.097%	$99.6M	$112.6M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	8.9100	−0.075%	$54.0M	$263.9M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.9210	+0.048%	$332K	$684K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.9090	−0.086%	$23.6M	$64.5M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.9110	−0.064%	$46.9M	$26.3M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.9130	−0.041%	$13.3M	$13.4M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.9090	−0.086%	$32.8M	$46.4M	75x	as long as short
BingX UNI-USDCshort	+0.0100%	8h	8.9100	−0.075%	—	$6.5M	—
Backpack UNI_USDC_PERP	+0.0100%	1h	8.9150	−0.019%	$1.0M	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	8.9009	−0.176%	$4.1M	$4.2M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8705	−0.518%	$168K	$345K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.9060	−0.120%	$621K	$2.8M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.9030	−0.153%	$91K	$704K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.9100	−0.075%	$15K	$3.4M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.9124	−0.048%	$98K	$497K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.9110	−0.064%	$16K	$1.6M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.9118	−0.055%	$36K	$1.4M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.9096	−0.079%	$25K	$849K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.9320	+0.172%	$712K	$5.0M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.9120	−0.052%	$27.0M	$4.3M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.9061	−0.119%	$295K	$1.7M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.9128	−0.043%	$32K	—	3x	as long as short
Coinbase International UNI-PERP-INTX	+0.0184%	1h	8.9150	−0.019%	$932K	$5.8M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.9090	−0.086%	$10.0M	$3.6M	75x	as long as short
Reya UNIRUSDPERP	+0.0376%	1h	8.9097	−0.078%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	8.9163	−0.004%	$634K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0662%	1h	8.8897	−0.303%	$956	$45K	10x	as long as short