Funding you earn now, next payment 03:00 UTC+0.0144%/8h= +15.8% APRnext payment +$0.18 per $10,000 · paid last 24h +0.079%
Price spread now: GMX against Arcus−0.143%7-day average −0.041% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.083%+$8 on $10k
+Price spread, last 3 days (all we have)+0.093%+$9 · spread now −0.143%, 7d avg −0.041%
=Funding pays, the price is against you. GMX is 0.103% cheaper against Arcus than usual: you would sell low and buy high (spread −0.143% now, against its 7-day average of −0.041%). If the spread goes back, that is −$10 on $10k: about 2.4 days of funding at the current rate (+$4 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus UNI-USD | 9.1300 | 0.0100 | pay 0.0013% / 1h | 58m 24s | $289K | $619K | 10x |
| Short | GMX UNI/USD [UNI-USDC] | 9.1169 | L +0.0381% / S −0.0244% | get 0.0030% / 1h | 58m 24s | $649K | — | 120x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against Arcus. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $30.22
- Price spread: −0.143% → −0.041%
- −$10.28
- Slippage, 4 orders
- no order book: not counted
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $3.44
- Costs to cover
- 0.165%
- Break-even
- 6.2 days
Slippage unknown: Arcus: live order book, 5 min ago; 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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Arcus live order book, 5 min ago | 5.98 bp | 8.5 bp −$8 | 15.4 bp −$154 | doesn't fit | doesn't fit |
| Sell GMX no order-book sample | — | — | — | — | — |
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 39 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/USD | L +0.0004% / S −0.0004% | 1h | 9.1189 | −0.122% | $19K | — | 150x | as long as short |
| Injective UNI/USDC PERP | +0.0033% | 1h | 8.8300 | −3.286% | $660 | $154K | 12x | as long as short |
| Aster UNIUSDT | +0.0100% | 8h | 9.1234 | −0.073% | $1.0M | $2.9M | 50x | as long as short |
| Pacifica UNI | +0.0100% | 1h | 9.1276 | −0.027% | $298K | $564K | 10x | as long as short |
| Binance UNIUSDT | +0.0100% | 8h | 9.1188 | −0.123% | $228.8M | $607.2M | 75x | as long as short |
| Bybit UNIUSDT | +0.0100% | 8h | 9.1160 | −0.153% | $102.4M | $107.4M | 75x | as long as short |
| OKX UNI-USDT-SWAP | +0.0100% | 8h | 9.1200 | −0.110% | $56.4M | $253.5M | 50x | as long as short |
| Arcus UNI-USDlong | +0.0100% | 1h | 9.1300 | long leg | $289K | $619K | 10x | |
| Gate UNI_USDT | +0.0100% | 8h | 9.1150 | −0.164% | $23.4M | $58.5M | 75x | as long as short |
| MEXC UNI_USDT | +0.0100% | 8h | 9.1160 | −0.153% | $49.6M | $24.9M | 200x | as long as short |
Show all 39 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin UNIUSDTM | +0.0100% | 8h | 9.1170 | −0.142% | $13.7M | $12.8M | 75x | as long as short |
| Bitget UNIUSDT | +0.0100% | 8h | 9.1140 | −0.175% | $33.5M | $42.1M | 75x | as long as short |
| BingX UNI-USDC | +0.0100% | 8h | 9.1180 | −0.131% | — | $6.5M | — | as long as short |
| Backpack UNI_USDC_PERP | +0.0100% | 1h | 9.1713 | +0.452% | $1.0M | $2.2M | 10x | as long as short |
| Variational Omni UNI | +0.0100% | 8h | 9.1879 | +0.634% | $4.2M | $4.3M | — | as long as short |
| edgeX UNIUSDC | +0.0100% | 4h | 9.1882 | +0.637% | $173K | $346K | 20x | as long as short |
| GRVT UNI_USDT_Perp | +0.0100% | 8h | 9.1739 | +0.480% | $638K | $2.6M | 10x | as long as short |
| ApeX Omni UNIUSDT | +0.0100% | 1h | 9.1940 | +0.701% | $90K | $698K | 50x | as long as short |
| StandX UNI-USD | +0.0100% | 1h | 9.1690 | +0.427% | $56K | $3.3M | 20x | as long as short |
| Polymarket Perps UNI-USD | +0.0100% | 1h | 9.1271 | −0.032% | $89K | $409K | 10x | as long as short |
| Orderly PERP_UNI_USDC | +0.0100% | 8h | 9.1230 | −0.077% | $16K | $1.7M | 10x | as long as short |
| SunX UNI-USDT | +0.0100% | 8h | 9.1698 | +0.436% | $37K | $1.3M | 30x | as long as short |
| SoDEX UNI-USD | +0.0100% | 1h | 9.1680 | +0.416% | $22K | $727K | 10x | as long as short |
| HTX UNI-USDT | +0.0100% | 8h | 9.1808 | +0.556% | $729K | $4.2M | 75x | as long as short |
| Phemex UNIUSDT | +0.0100% | 8h | 9.1730 | +0.471% | $27.7M | $4.5M | 50x | as long as short |
| Paradex UNI-USD-PERP | +0.0100% | 8h | 9.1269 | −0.034% | $26K | — | 20x | as long as short |
| Extended UNI-USD | +0.0104% | 1h | 9.1108 | −0.210% | $304K | $1.5M | 25x | as long as short |
| Aevo UNI-PERP | +0.0104% | 1h | 9.1688 | +0.425% | $33K | — | 3x | as long as short |
| 01 Exchange UNIUSD | +0.0176% | 1h | 9.1250 | −0.055% | $455 | $5 | 10x | as long as short |
| Deribit UNI_USDC-PERPETUAL | +0.0181% | 1h | 9.1694 | +0.432% | $595K | $188K | 50x | as long as short |
| Nado UNI-PERP | +0.0257% | 1h | 9.1115 | −0.203% | $953K | $4.3M | 10x | as long as short |
| Kraken Futures PF_UNIUSD | +0.0268% | 1h | 9.1707 | +0.446% | $5.1M | $6.9M | 50x | as long as short |
| Coinbase International UNI-PERP-INTX | +0.0296% | 1h | 9.1880 | +0.635% | $1.1M | $4.7M | 50x | as long as short |
| dYdX UNI-USD | +0.0361% | 1h | 9.1248 | −0.057% | $240K | $30K | 10x | as long as short |
| Reya UNIRUSDPERP | +0.0369% | 1h | 9.1130 | −0.186% | $17K | — | 20x | as long as short |
| GMX UNI/USD [UNI-USDC]short | L +0.0381% / S −0.0244% | 1h | 9.1169 | −0.143% | $649K | — | 120x | |
| Hyperliquid UNI | +0.0516% | 1h | 9.1290 | −0.011% | $99.3M | $59.2M | 10x | as long as short |
| Lighter UNI | +0.0592% | 1h | 9.1447 | +0.161% | $4.8M | $5.5M | 15x | as long as short |
| Aftermath Perps UNIUSD | +0.0922% | 1h | 9.1550 | +0.274% | $1K | $48K | 10x | as long as short |
GMX UNI/USD [UNI-USDC]
gTrade (Gains Network) UNI/USD
Injective UNI/USDC PERP
Aster UNIUSDT
Pacifica UNI
Binance UNIUSDT
Bybit UNIUSDT
OKX UNI-USDT-SWAP
Gate UNI_USDT
MEXC UNI_USDT
KuCoin UNIUSDTM
Bitget UNIUSDT
BingX UNI-USDC
Backpack UNI_USDC_PERP
Variational Omni UNI
edgeX UNIUSDC
GRVT UNI_USDT_Perp
ApeX Omni UNIUSDT
StandX UNI-USD
Polymarket Perps UNI-USD
SunX UNI-USDT
SoDEX UNI-USD
HTX UNI-USDT
Phemex UNIUSDT
Paradex UNI-USD-PERP
Extended UNI-USD
01 Exchange UNIUSD
Deribit UNI_USDC-PERPETUAL
Kraken Futures PF_UNIUSD
Coinbase International UNI-PERP-INTX
Hyperliquid UNI
Lighter UNI
Aftermath Perps UNIUSD