Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0216%/8h= +23.6% APRpaid last 24h +0.062%

Price spread now: BloFin against gTrade (Gains Network)−0.061%50s7-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 BloFin

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. BloFin is 0.061% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.061% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 22 hours of funding at the current rate (+$6 a day). The two prices were read 50 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	9.1205	L +0.0004% / S −0.0008%	pay 0.0001% / 1h	28m 16s	$28K	—	150x
Short	BloFin UNI-USDT	9.1150	0.0220	get 0.0220% / 8h	5h 28m	$10.4M	$3.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.061%Rate

Funding earned: $45.34
Price spread: −0.061% → 0.000%: −$6.06
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: $17.27
Costs to cover: 0.220%
Break-even: 4.3 days

Slippage unknown: gTrade (Gains Network): no order-book sample; BloFin: live order book, 5 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 BloFin live order book, 5 min ago	0.55 bp	12.3 bp −$12	19.0 bp −$190	49.9 bp −$4,989	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
gTrade (Gains Network) UNI/USDlong	L +0.0004% / S −0.0008%	1h	9.1205	long leg	$28K	—	150x
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−3.185%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0056%	1h	9.1005	−0.220%	$454	$5	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.1007	−0.217%	$941K	$4.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.1088	−0.129%	$1.0M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.1072	−0.146%	$297K	$567K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.1176	−0.032%	$227.0M	$609.4M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.1110	−0.104%	$102.5M	$108.0M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.1100	−0.115%	$56.2M	$252.3M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.1090	−0.126%	$288K	$614K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate UNI_USDT	+0.0100%	8h	9.1170	−0.039%	$23.4M	$59.8M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.1210	+0.005%	$49.2M	$25.1M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.1100	−0.115%	$13.6M	$12.9M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.1120	−0.094%	$33.4M	$42.6M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	9.1180	−0.028%	—	$56.4M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.1142	−0.069%	$990K	$2.2M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.1396	+0.209%	$4.3M	$4.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.1129	−0.083%	$172K	$346K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.1340	+0.148%	$635K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.1490	+0.312%	$90K	$694K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.1220	+0.016%	$40K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.1116	−0.098%	$88K	$412K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.1140	−0.072%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.1108	−0.107%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.1155	−0.055%	$22K	$760K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.1278	+0.080%	$715K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.1150	−0.061%	$27.5M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.1000	−0.225%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.1102	−0.113%	$305K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.1164	−0.045%	$32K	—	3x	as long as short
dYdX UNI-USD	+0.0118%	1h	9.1052	−0.168%	$240K	$30K	10x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0216%	1h	9.1207	+0.002%	$584K	$193K	50x	as long as short
BloFin UNI-USDTshort	+0.0220%	8h	9.1150	−0.061%	$10.4M	$3.6M	75x
Kraken Futures PF_UNIUSD	+0.0269%	1h	9.1225	+0.021%	$5.1M	$7.3M	50x	as long as short
Coinbase International UNI-PERP-INTX	+0.0296%	1h	9.1110	−0.104%	$1.1M	$5.0M	50x	as long as short
Reya UNIRUSDPERP	+0.0370%	1h	9.1133	−0.079%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.1209	+0.004%	$648K	—	120x	as long as short
Hyperliquid UNI	+0.0523%	1h	9.1232	+0.029%	$98.9M	$59.9M	10x	as long as short
Lighter UNI	+0.0600%	1h	9.1169	−0.040%	$4.7M	$5.7M	15x	as long as short
Aftermath Perps UNIUSD	+0.0936%	1h	9.1221	+0.018%	$957	$47K	10x	as long as short