Settings8H · net · $10k
Funding arb · Price arb /

UNI

all UNI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0211%/8h= +23.1% APRnext payment +$0.26 per $10,000 · paid last 24h −0.076%
Price spread now: GMX against Injective+3.127%7-day average −0.119% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.185%−$19 on $10k
Price spread, last 4 days (all we have)−3.087%−$309 · spread now +3.127%, 7d avg −0.119%
Together, before fees−3.272%−$327 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and GMX is 3.246% dearer against Injective than usual: you sell high and buy low: +$325 more if the spread goes back to its 7-day average of −0.119%. Mind the row above: over the last 3 days funding on this pair cost −0.185%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective UNI/USDC PERP8.83000.0033pay 0.0004% / 1h6m 58s$660$154K12x
ShortGMX UNI/USD [UNI-USDC]9.1061L +0.0381% / S −0.0244%get 0.0030% / 1h6m 58s$648K120x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX against Injective. 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

Funding earned
$44.22
Price spread: +3.127% → −0.119%
$324.62
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee GMX: 6 bp × 2 orders
−$12
Net
$356.82
Costs to cover
0.120%
Break-even
from the start
Slippage unknown: Injective: no order-book sample; GMX: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Injective no order-book sample
Sell GMX no order-book sample
Injective and GMX: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) UNI/USDL +0.0004% / S −0.0004%1h9.1050+3.115%$37K150xas long as short
Deribit UNI_USDC-PERPETUAL+0.0033%1h9.1073+3.140%$583K$193K50xas long as short
Injective UNI/USDC PERPlong+0.0033%1h8.8300long leg$660$154K12x
01 Exchange UNIUSD+0.0056%1h9.1134+3.210%$455$510xas long as short
Nado UNI-PERP+0.0100%1h9.1000+3.058%$942K$4.3M10xas long as short
Aster UNIUSDT+0.0100%8h9.1027+3.088%$1.0M$2.9M50xas long as short
Pacifica UNI+0.0100%1h9.1054+3.119%$296K$580K10xas long as short
Binance UNIUSDT+0.0100%8h9.0920+2.967%$225.1M$624.2M75xas long as short
Bybit UNIUSDT+0.0100%8h9.0880+2.922%$102.2M$110.4M75xas long as short
OKX UNI-USDT-SWAP+0.0100%8h9.0880+2.922%$56.3M$256.7M50xas long as short
Show all 40 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Arcus UNI-USD+0.0100%1h9.1200+3.284%$289K$618K10xas long as short
Gate UNI_USDT+0.0100%8h9.0970+3.024%$23.3M$62.2M75xas long as short
MEXC UNI_USDT+0.0100%8h9.0950+3.001%$49.0M$25.3M200xas long as short
KuCoin UNIUSDTM+0.0100%8h9.0940+2.990%$13.7M$13.0M75xas long as short
Bitget UNIUSDT+0.0100%8h9.0890+2.933%$33.4M$43.7M75xas long as short
BingX UNI-USDC+0.0100%8h9.0980+3.035%$6.5Mas long as short
Backpack UNI_USDC_PERP+0.0100%1h9.1033+3.095%$1.0M$2.3M10xas long as short
Variational Omni UNI+0.0100%8h9.1627+3.768%$4.3M$4.2Mas long as short
edgeX UNIUSDC+0.0100%4h9.1500+3.623%$172K$344K20xas long as short
GRVT UNI_USDT_Perp+0.0100%8h9.1500+3.624%$637K$2.7M10xas long as short
ApeX Omni UNIUSDT+0.0100%1h9.1480+3.601%$89K$695K50xas long as short
StandX UNI-USD+0.0100%1h9.1490+3.613%$37K$3.3M20xas long as short
Polymarket Perps UNI-USD+0.0100%1h9.1090+3.160%$87K$420K10xas long as short
Orderly PERP_UNI_USDC+0.0100%8h9.1020+3.080%$16K$1.7M10xas long as short
SunX UNI-USDT+0.0100%8h9.1047+3.111%$37K$1.3M30xas long as short
SoDEX UNI-USD+0.0100%1h9.1000+3.058%$22K$789K10xas long as short
HTX UNI-USDT+0.0100%8h9.1099+3.170%$714K$4.5M75xas long as short
Phemex UNIUSDT+0.0100%8h9.1010+3.069%$27.5M$4.5M50xas long as short
Paradex UNI-USD-PERP+0.0100%8h9.1027+3.088%$26K20xas long as short
Extended UNI-USD+0.0104%1h9.0856+2.895%$304K$1.6M25xas long as short
Aevo UNI-PERP+0.0104%1h9.1000+3.058%$32K3xas long as short
dYdX UNI-USD+0.0118%1h9.1043+3.106%$240K$31K10xas long as short
BloFin UNI-USDT+0.0220%8h9.1030+3.092%$10.4M$3.6M75xas long as short
Kraken Futures PF_UNIUSD+0.0270%1h9.1027+3.088%$5.1M$7.7M50xas long as short
Coinbase International UNI-PERP-INTX+0.0296%1h9.1150+3.228%$1.1M$5.4M50xas long as short
Reya UNIRUSDPERP+0.0371%1h9.1030+3.092%$17K20xas long as short
GMX UNI/USD [UNI-USDC]shortL +0.0381% / S −0.0244%1h9.1061+3.127%$648K120x
Hyperliquid UNI+0.0546%1h9.1095+3.165%$99.3M$61.7M10xas long as short
Lighter UNI+0.0560%1h9.1150+3.228%$4.6M$5.8M15xas long as short
Aftermath Perps UNIUSD+0.1031%1h9.1704+3.855%$921$47K10xas long as short