Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.018%

Price spread now: Gate against OKX+0.034%7-day average +0.010% · you sell dearer than you buy

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$430.426% of the position

Long on OKX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.008%−$1 on $10k

Price spread, last 7 days−0.059%−$6 · spread now +0.034%, 7d avg +0.010%

Together, before fees−0.067%−$7 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.023% dearer against OKX than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX UNI-USDT-SWAP	8.8520	0.0100	pay 0.0100% / 8h	20m 27s	$54.2M	$261.1M	50x
Short	Gate UNI_USDT	8.8550	0.0100	get 0.0100% / 8h	20m 27s	$26.1M	$66.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.034%Rate

Funding earned: $0
Price spread: +0.034% → +0.010%: $2.34
Slippage, 4 orders: −$17.61
Fee OKX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$40.27
Costs to cover: 0.426%
Break-even: never at this rate

Slippage from OKX: live order book, 4 min ago; Gate: live order book, 3 min ago.

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, 4 min ago	0.57 bp	7.6 bp −$8	15.9 bp −$159	80.2 bp −$8,018	doesn't fit
Sell Gate live order book, 3 min ago	1.13 bp	15.9 bp −$16	23.6 bp −$236	35.7 bp −$3,570	57.5 bp −$28.8K

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
Kraken Futures PF_UNIUSD	−0.0307%	1h	8.8397	−0.139%	$4.7M	$8.6M	50x	as long as short
01 Exchange UNIUSD	−0.0016%	1h	8.8583	+0.071%	$442	$5	10x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0005%	1h	8.8408	−0.127%	$72K	—	150x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0017%	1h	8.8423	−0.110%	$586K	$268K	50x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−0.249%	$660	$153K	12x	as long as short
Nado UNI-PERP	+0.0036%	1h	8.8522	+0.003%	$725K	$4.7M	10x	as long as short
Polymarket Perps UNI-USD	+0.0068%	1h	8.8561	+0.046%	$105K	$615K	10x	as long as short
Lighter UNI	+0.0096%	1h	8.8602	+0.093%	$4.4M	$5.6M	15x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8516	−0.005%	$25K	—	20x	as long as short
Hyperliquid UNI	+0.0100%	1h	8.8660	+0.158%	$94.4M	$67.6M	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster UNIUSDT	+0.0100%	8h	8.8595	+0.085%	$720K	$3.3M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.8537	+0.019%	$286K	$599K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.8545	+0.028%	$214.4M	$651.7M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	8.8520	0.000%	$98.0M	$110.5M	75x	as long as short
OKX UNI-USDT-SWAPlong	+0.0100%	8h	8.8520	long leg	$54.2M	$261.1M	50x
Arcus UNI-USD	+0.0100%	1h	8.8620	+0.113%	$316K	$690K	10x	as long as short
Gate UNI_USDTshort	+0.0100%	8h	8.8550	+0.034%	$26.1M	$66.5M	75x
MEXC UNI_USDT	+0.0100%	8h	8.8540	+0.023%	$48.0M	$26.3M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.8560	+0.045%	$13.0M	$13.3M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8550	+0.034%	$32.4M	$45.2M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.8530	+0.011%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8427	−0.105%	$1.0M	$2.5M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	8.8330	−0.215%	$4.1M	$4.1M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8146	−0.422%	$167K	$346K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8199	−0.362%	$612K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8200	−0.362%	$89K	$709K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8400	−0.136%	$14K	$3.4M	20x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8520	0.000%	$16K	$2.2M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.8424	−0.108%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.8330	−0.215%	$32K	$885K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.8463	−0.064%	$697K	$4.7M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8310	−0.237%	$26.6M	$4.4M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8482	−0.043%	$285K	$1.7M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8580	+0.068%	$31K	—	3x	as long as short
Coinbase International UNI-PERP-INTX	+0.0200%	1h	8.8400	−0.136%	$920K	$5.4M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.8360	−0.181%	$10.1M	$3.6M	75x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0243%	1h	8.8403	−0.133%	$629K	—	120x	as long as short
Reya UNIRUSDPERP	+0.0381%	1h	8.8512	−0.009%	$16K	—	20x	as long as short
Aftermath Perps UNIUSD	+0.0403%	1h	8.8426	−0.106%	$977	$52K	10x	as long as short
dYdX UNI-USD	+0.0559%	1h	8.8474	−0.052%	$233K	$30K	10x	as long as short