Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0144%/8h= +15.8% APRpaid last 24h +0.079%

Price spread now: GMX against BingX−0.259%7-day average — · you buy dearer than you sell

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

Long on BingX Short on GMX

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

Funding pays, the price is against you. GMX is 0.259% cheaper against BingX than usual: you would sell low and buy high (spread −0.259% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$26 on $10k: about 6.0 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	BingX UNI-USDT	9.1800	0.0100	pay 0.0100% / 8h	6h 03m	—	$56.9M	—
Short	GMX UNI/USD [UNI-USDC]	9.1562	L +0.0381% / S −0.0244%	get 0.0030% / 1h	3m 59s	$652K	—	120x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against BingX. 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 BingXbpFee GMXbpOrdersPrice spread, now −0.259%Rate

Funding earned: $30.22
Price spread: −0.259% → 0.000%: −$25.88
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: −$17.66
Costs to cover: 0.220%
Break-even: 11.1 days

Slippage unknown: BingX: 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 BingX live order book, 5 min ago	0.55 bp	5.6 bp −$6	7.6 bp −$76	17.5 bp −$1,745	61.5 bp −$30.8K
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 −0.0007%	1h	9.1563	−0.258%	$26K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−3.813%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0072%	1h	9.1646	−0.168%	$457	$5	10x	as long as short
dYdX UNI-USD	+0.0080%	1h	9.1545	−0.278%	$241K	$30K	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.1552	−0.270%	$972K	$4.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.1734	−0.072%	$1.1M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.1580	−0.240%	$299K	$568K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.1846	+0.050%	$229.9M	$608.5M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.1860	+0.065%	$103.1M	$107.4M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.1840	+0.044%	$56.8M	$255.9M	50x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus UNI-USD	+0.0100%	1h	9.1670	−0.142%	$290K	$640K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.1810	+0.011%	$23.6M	$59.4M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.1790	−0.011%	$49.8M	$26.4M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.1820	+0.022%	$13.8M	$12.8M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.1800	0.000%	$33.7M	$42.5M	75x	as long as short
BingX UNI-USDTlong	+0.0100%	8h	9.1800	long leg	—	$56.9M	—
Backpack UNI_USDC_PERP	+0.0100%	1h	9.1603	−0.215%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.1159	−0.698%	$4.2M	$4.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.1120	−0.741%	$172K	$345K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0830	−1.057%	$639K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.1140	−0.719%	$89K	$700K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.1340	−0.501%	$56K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.1623	−0.193%	$88K	$407K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.1490	−0.338%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.1716	−0.092%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.1500	−0.327%	$22K	$727K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.1678	−0.133%	$728K	$4.2M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.1500	−0.327%	$27.6M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.1504	−0.323%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.1784	−0.018%	$304K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.1495	−0.332%	$32K	—	3x	as long as short
Hyperliquid UNI	+0.0259%	1h	9.1758	−0.046%	$99.8M	$58.9M	10x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0271%	1h	9.1534	−0.290%	$594K	$188K	50x	as long as short
Coinbase International UNI-PERP-INTX	+0.0312%	1h	9.1590	−0.229%	$1.1M	$4.7M	50x	as long as short
Reya UNIRUSDPERP	+0.0369%	1h	9.1524	−0.301%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]short	L +0.0381% / S −0.0244%	1h	9.1562	−0.259%	$652K	—	120x
Kraken Futures PF_UNIUSD	+0.0419%	1h	9.1527	−0.297%	$5.1M	$6.9M	50x	as long as short
Lighter UNI	+0.0512%	1h	9.1694	−0.115%	$4.7M	$5.3M	15x	as long as short
Aftermath Perps UNIUSD	+0.0931%	1h	9.1251	−0.598%	$1K	$48K	10x	as long as short