Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0083%/8h= −9.0% APRpaid last 24h −0.004%

Price spread now: gTrade (Gains Network) against OKX+0.049%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on OKX Short on gTrade (Gains Network)

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

The price spread pays, funding is against you. gTrade (Gains Network) is 0.049% dearer against OKX than usual: you sell high and buy low (spread +0.049% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 48 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX UNI-USDT-SWAP	9.0430	0.0086	pay 0.0086% / 8h	40m 59s	$55.5M	$250.4M	50x
Short	gTrade (Gains Network) UNI/USD	9.0475	L +0.0004% / S −0.0004%	get 0.0000% / 1h	40m 59s	$63K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against OKX. 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 OKXbpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.049%Rate

Funding earned: −$17.35
Price spread: +0.049% → 0.000%: $4.93
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$32.42
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 3 min ago; gTrade (Gains Network): 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy OKX live order book, 3 min ago	0.55 bp	7.5 bp −$7	14.2 bp −$142	47.0 bp −$4,700	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

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
Injective UNI/USDC PERP	−0.0049%	1h	8.8300	−2.355%	$660	$155K	12x	as long as short
gTrade (Gains Network) UNI/USDshort	L +0.0004% / S −0.0004%	1h	9.0475	+0.049%	$63K	—	150x
Variational Omni UNI	+0.0015%	8h	9.0614	+0.203%	$4.1M	$4.4M	—	as long as short
dYdX UNI-USD	+0.0065%	1h	9.0318	−0.124%	$250K	$6K	10x	as long as short
Bybit UNIUSDT	+0.0065%	8h	9.0440	+0.011%	$103.3M	$104.5M	75x	as long as short
OKX UNI-USDT-SWAPlong	+0.0086%	8h	9.0430	long leg	$55.5M	$250.4M	50x
Nado UNI-PERP	+0.0100%	1h	9.0465	+0.039%	$958K	$4.2M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.0521	+0.100%	$1.0M	$3.3M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.0305	−0.138%	$300K	$586K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.0509	+0.088%	$223.9M	$588.7M	75x	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	9.0450	+0.022%	$279K	$620K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.0470	+0.044%	$23.2M	$58.4M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0450	+0.022%	$43.5M	$23.9M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0460	+0.033%	$13.7M	$13.5M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0460	+0.033%	$32.9M	$42.0M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.0460	+0.033%	—	$6.5M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.0499	+0.076%	$170K	$345K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0347	−0.091%	$629K	$2.5M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0500	+0.077%	$89K	$712K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0270	−0.177%	$36K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.0516	+0.095%	$88K	$356K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.0460	+0.033%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.0520	+0.100%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.0448	+0.020%	$25K	$669K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.0580	+0.166%	$739K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.0460	+0.033%	$27.3M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.0257	−0.191%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0404	−0.029%	$305K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0450	+0.022%	$32K	$1K	3x	as long as short
Backpack UNI_USDC_PERP	+0.0151%	1h	9.0539	+0.121%	$1.0M	$2.4M	10x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0177%	1h	9.0499	+0.076%	$583K	$176K	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.0510	+0.088%	$10.2M	$3.5M	75x	as long as short
01 Exchange UNIUSD	+0.0224%	1h	9.0471	+0.045%	$451	—	10x	as long as short
Coinbase International UNI-PERP-INTX	+0.0232%	1h	9.0540	+0.122%	$1.1M	$5.4M	50x	as long as short
Reya UNIRUSDPERP	+0.0364%	1h	9.0486	+0.061%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0380% / S −0.0320%	1h	9.0486	+0.062%	$569K	—	120x	as long as short
Kraken Futures PF_UNIUSD	+0.0559%	1h	9.0521	+0.101%	$5.0M	$7.0M	50x	as long as short
Hyperliquid UNI	+0.0699%	1h	9.0567	+0.151%	$99.6M	$59.2M	10x	as long as short
Aftermath Perps UNIUSD	+0.0800%	1h	9.0535	+0.117%	$1K	$49K	10x	as long as short
Lighter UNI	+0.1032%	1h	9.0601	+0.189%	$4.6M	$5.2M	15x	as long as short