Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0096%/8h= +10.5% APRpaid last 24h +0.029%

Price spread now: edgeX against gTrade (Gains Network)+0.114%68s7-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 edgeX

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—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and edgeX is 0.114% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$11 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 68 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	9.0906	L +0.0004% / S −0.0004%	pay 0.0001% / 1h	14m 06s	$37K	—	150x
Short	edgeX UNIUSDC	9.1010	0.0100	get 0.0050% / 4h	14m 06s	$172K	$346K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.114%Rate

Funding earned: $20.14
Price spread: +0.114% → 0.000%: $11.37
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $12.5
Costs to cover: 0.190%
Break-even: 2.7 days

Slippage unknown: gTrade (Gains Network): no order-book sample; edgeX: live order book, 44 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 edgeX live order book, 44 min ago	2.20 bp	6.7 bp −$7	16.0 bp −$160	doesn't fit	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	9.0906	long leg	$37K	—	150x
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−2.867%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0064%	1h	9.0926	+0.022%	$454	$5	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.0880	−0.029%	$970K	$4.4M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.0928	+0.024%	$825K	$3.5M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.0900	−0.007%	$294K	$599K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.0970	+0.070%	$223.5M	$638.0M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.0890	−0.018%	$102.1M	$111.1M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.0900	−0.007%	$55.4M	$262.3M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.1010	+0.114%	$315K	$651K	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	9.0920	+0.015%	$23.7M	$63.9M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0930	+0.026%	$47.9M	$25.5M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0920	+0.015%	$13.6M	$13.2M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0900	−0.007%	$33.5M	$44.8M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	9.0910	+0.004%	—	$56.6M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.0998	+0.101%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.0759	−0.162%	$4.3M	$4.1M	—	as long as short
edgeX UNIUSDCshort	+0.0100%	4h	9.1010	+0.114%	$172K	$346K	20x
GRVT UNI_USDT_Perp	+0.0100%	8h	9.1058	+0.166%	$645K	$2.8M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.1050	+0.158%	$96K	$701K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0880	−0.029%	$15K	$3.4M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.0921	+0.016%	$86K	$429K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.0920	+0.015%	$16K	$1.5M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.0988	+0.090%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.0975	+0.076%	$22K	$791K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.1120	+0.235%	$733K	$4.7M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.0990	+0.092%	$27.5M	$4.4M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.0870	−0.039%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0940	+0.037%	$293K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0964	+0.063%	$32K	—	3x	as long as short
dYdX UNI-USD	+0.0154%	1h	9.0852	−0.060%	$239K	$30K	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.0820	−0.095%	$10.2M	$3.6M	75x	as long as short
Lighter UNI	+0.0224%	1h	9.1029	+0.135%	$4.6M	$5.8M	15x	as long as short
Coinbase International UNI-PERP-INTX	+0.0248%	1h	9.0980	+0.081%	$999K	$5.8M	50x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0267%	1h	9.1008	+0.112%	$583K	$193K	50x	as long as short
Kraken Futures PF_UNIUSD	+0.0269%	1h	9.1020	+0.125%	$5.0M	$8.0M	50x	as long as short
Hyperliquid UNI	+0.0352%	1h	9.1023	+0.128%	$98.6M	$62.5M	10x	as long as short
Reya UNIRUSDPERP	+0.0373%	1h	9.0857	−0.054%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.0889	−0.019%	$647K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0944%	1h	9.0950	+0.048%	$936	$46K	10x	as long as short