Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0092%/8h= −10.1% APRpaid last 24h −0.029%

Price spread now: gTrade (Gains Network) against Phemex+0.017%7-day average — · you sell dearer than you buy

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

Long on Phemex 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 sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex UNIUSDT	9.1190	0.0100	pay 0.0100% / 8h	5h 27m	$27.6M	$4.5M	50x
Short	gTrade (Gains Network) UNI/USD	9.1205	L +0.0004% / S −0.0008%	get 0.0001% / 1h	27m 47s	$28K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Phemex. 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 PhemexbpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.017%Rate

Funding earned: −$19.35
Price spread: +0.017% → 0.000%: $1.68
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$39.67
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Phemex: live order book, 6 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 Phemex live order book, 6 min ago	12.08 bp	25.0 bp −$25	46.4 bp −$464	doesn't fit	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
gTrade (Gains Network) UNI/USDshort	L +0.0004% / S −0.0008%	1h	9.1205	+0.017%	$28K	—	150x
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−3.169%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0056%	1h	9.1005	−0.203%	$454	$5	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.1007	−0.200%	$941K	$4.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.1201	+0.012%	$1.0M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.1072	−0.129%	$297K	$567K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.1110	−0.088%	$226.8M	$609.5M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.1070	−0.132%	$102.5M	$108.0M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.1080	−0.121%	$56.2M	$252.3M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.1090	−0.110%	$288K	$614K	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	9.1070	−0.132%	$23.4M	$59.8M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.1100	−0.099%	$49.2M	$25.1M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.1070	−0.132%	$13.6M	$12.9M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.1080	−0.121%	$33.4M	$42.6M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.1100	−0.099%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.1136	−0.059%	$987K	$2.2M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.1396	+0.226%	$4.3M	$4.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.1129	−0.066%	$172K	$346K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.1340	+0.164%	$635K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.1490	+0.329%	$90K	$694K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.1220	+0.033%	$40K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.1116	−0.081%	$88K	$412K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.1140	−0.055%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.1108	−0.090%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.1155	−0.038%	$22K	$760K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.1188	−0.002%	$714K	$4.3M	75x	as long as short
Phemex UNIUSDTlong	+0.0100%	8h	9.1190	long leg	$27.6M	$4.5M	50x
Paradex UNI-USD-PERP	+0.0100%	8h	9.1000	−0.208%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.1048	−0.156%	$305K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.1164	−0.028%	$32K	—	3x	as long as short
dYdX UNI-USD	+0.0118%	1h	9.1052	−0.152%	$240K	$30K	10x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0216%	1h	9.1207	+0.018%	$584K	$193K	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.1150	−0.044%	$10.4M	$3.6M	75x	as long as short
Kraken Futures PF_UNIUSD	+0.0269%	1h	9.1225	+0.038%	$5.1M	$7.3M	50x	as long as short
Coinbase International UNI-PERP-INTX	+0.0296%	1h	9.1110	−0.088%	$1.1M	$5.0M	50x	as long as short
Reya UNIRUSDPERP	+0.0370%	1h	9.1133	−0.062%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.1209	+0.020%	$648K	—	120x	as long as short
Hyperliquid UNI	+0.0523%	1h	9.1256	+0.072%	$99.0M	$59.9M	10x	as long as short
Lighter UNI	+0.0584%	1h	9.1255	+0.071%	$4.7M	$5.7M	15x	as long as short
Aftermath Perps UNIUSD	+0.0936%	1h	9.1221	+0.035%	$957	$47K	10x	as long as short