Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0096%/8h= +10.5% APRpaid last 24h +0.029%

Price spread now: Bitget against gTrade (Gains Network)−0.244%45s7-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 Bitget

What this pair did over the last

the charts below follow

Funding, last 4 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. Bitget is 0.244% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.244% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$24 on $10k: about 8.5 days of funding at the current rate (+$3 a day). The two prices were read 45 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	8.9078	L +0.0004% / S −0.0005%	pay 0.0001% / 1h	32m 31s	$77K	—	150x
Short	Bitget UNIUSDT	8.8860	0.0100	get 0.0100% / 8h	7h 32m	$33.1M	$45.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.244%Rate

Funding earned: $20.14
Price spread: −0.244% → 0.000%: −$24.44
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$26.3
Costs to cover: 0.220%
Break-even: 16.1 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Bitget: live order book, 1 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 Bitget live order book, 1 min ago	1.12 bp	11.1 bp −$11	20.9 bp −$209	35.4 bp −$3,544	doesn'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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_UNIUSD	−0.0062%	1h	8.9093	+0.017%	$4.7M	$8.5M	50x	as long as short
gTrade (Gains Network) UNI/USDlong	L +0.0004% / S −0.0005%	1h	8.9078	long leg	$77K	—	150x
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−0.873%	$660	$153K	12x	as long as short
Nado UNI-PERP	+0.0092%	1h	8.8855	−0.250%	$731K	$4.5M	10x	as long as short
01 Exchange UNIUSD	+0.0096%	1h	8.8900	−0.199%	$444	$5	10x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0099%	1h	8.9087	+0.011%	$590K	$273K	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8910	−0.189%	$25K	—	20x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.8979	−0.110%	$727K	$3.2M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.8922	−0.174%	$288K	$565K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.8894	−0.206%	$216.4M	$645.6M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit UNIUSDT	+0.0100%	8h	8.8880	−0.222%	$98.6M	$109.8M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	8.8870	−0.233%	$54.4M	$260.2M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.8950	−0.143%	$322K	$701K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.8890	−0.211%	$26.7M	$62.7M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.8880	−0.222%	$47.7M	$25.4M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.8990	−0.098%	$13.0M	$13.2M	75x	as long as short
Bitget UNIUSDTshort	+0.0100%	8h	8.8860	−0.244%	$33.1M	$45.8M	75x
BingX UNI-USDC	+0.0100%	8h	8.8870	−0.233%	—	$6.5M	—	as long as short
Variational Omni UNI	+0.0100%	8h	8.9080	+0.003%	$4.1M	$4.0M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.9141	+0.071%	$168K	$347K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.9234	+0.176%	$623K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.9170	+0.104%	$90K	$709K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.9010	−0.076%	$14K	$3.5M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.9025	−0.059%	$104K	$615K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.9030	−0.054%	$17K	$2.4M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.9087	+0.010%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.9029	−0.055%	$32K	$890K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.9223	+0.163%	$707K	$4.7M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.9090	+0.014%	$26.9M	$4.4M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8837	−0.270%	$300K	$1.8M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.9032	−0.051%	$32K	—	3x	as long as short
Lighter UNI	+0.0112%	1h	8.9032	−0.051%	$4.5M	$5.4M	15x	as long as short
Hyperliquid UNI	+0.0171%	1h	8.9058	−0.022%	$95.3M	$67.7M	10x	as long as short
Backpack UNI_USDC_PERP	+0.0196%	1h	8.9100	+0.025%	$1.1M	$2.5M	10x	as long as short
Coinbase International UNI-PERP-INTX	+0.0208%	1h	8.9100	+0.025%	$927K	$5.4M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.8990	−0.098%	$10.2M	$3.6M	75x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	8.9031	−0.053%	$633K	—	120x	as long as short
Reya UNIRUSDPERP	+0.0382%	1h	8.9178	+0.112%	$16K	—	20x	as long as short
Aftermath Perps UNIUSD	+0.0411%	1h	8.9173	+0.107%	$1K	$52K	10x	as long as short
dYdX UNI-USD	+0.0557%	1h	8.8923	−0.174%	$234K	$31K	10x	as long as short