Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0096%/8h= +10.5% APRpaid last 24h +0.003%

Price spread now: Bybit against gTrade (Gains Network)−0.040%7-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 Bybit

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. Bybit is 0.040% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.040% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 33 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) UNI/USD	9.0896	L +0.0004% / S −0.0004%	pay 0.0001% / 1h	6m 27s	$37K	—	150x
Short	Bybit UNIUSDT	9.0860	0.0100	get 0.0100% / 8h	5h 06m	$102.2M	$110.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.040%Rate

Funding earned: $20.14
Price spread: −0.040% → 0.000%: −$3.99
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$4.86
Costs to cover: 0.210%
Break-even: 8.7 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Bybit: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Bybit live order book, 3 min ago	0.55 bp	8.6 bp −$9	15.8 bp −$158	34.3 bp −$3,433	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 −0.0004%	1h	9.0896	long leg	$37K	—	150x
Deribit UNI_USDC-PERPETUAL	+0.0033%	1h	9.1073	+0.194%	$583K	$193K	50x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−2.856%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0056%	1h	9.0902	+0.006%	$454	$5	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.0870	−0.029%	$939K	$4.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.0965	+0.076%	$1.0M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.0911	+0.016%	$296K	$580K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.0894	−0.002%	$225.1M	$624.3M	75x	as long as short
Bybit UNIUSDTshort	+0.0100%	8h	9.0860	−0.040%	$102.2M	$110.4M	75x
OKX UNI-USDT-SWAP	+0.0100%	8h	9.0870	−0.029%	$56.0M	$257.1M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus UNI-USD	+0.0100%	1h	9.1050	+0.169%	$288K	$618K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.0900	+0.004%	$23.2M	$62.2M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0920	+0.026%	$49.0M	$25.3M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0910	+0.015%	$13.7M	$13.0M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0850	−0.051%	$33.4M	$43.7M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.0880	−0.018%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.1033	+0.150%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.1627	+0.804%	$4.3M	$4.2M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.1500	+0.664%	$172K	$344K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.1500	+0.664%	$637K	$2.7M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.1480	+0.642%	$89K	$695K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.1040	+0.158%	$36K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.0903	+0.007%	$87K	$420K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.1020	+0.136%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.1047	+0.166%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.1000	+0.114%	$22K	$789K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.1099	+0.223%	$714K	$4.5M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.1010	+0.125%	$27.5M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.0894	−0.003%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0881	−0.016%	$303K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.1000	+0.114%	$32K	—	3x	as long as short
dYdX UNI-USD	+0.0123%	1h	9.0872	−0.027%	$239K	$32K	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.1030	+0.147%	$10.4M	$3.6M	75x	as long as short
Kraken Futures PF_UNIUSD	+0.0270%	1h	9.1027	+0.144%	$5.1M	$7.7M	50x	as long as short
Coinbase International UNI-PERP-INTX	+0.0296%	1h	9.1150	+0.279%	$1.1M	$5.4M	50x	as long as short
Reya UNIRUSDPERP	+0.0371%	1h	9.0856	−0.045%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.1061	+0.181%	$648K	—	120x	as long as short
Hyperliquid UNI	+0.0546%	1h	9.1033	+0.150%	$99.3M	$61.7M	10x	as long as short
Lighter UNI	+0.0560%	1h	9.1058	+0.178%	$4.6M	$5.8M	15x	as long as short
Aftermath Perps UNIUSD	+0.1030%	1h	9.1563	+0.733%	$956	$47K	10x	as long as short