Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0024%/8h= +2.6% APRpaid last 24h +0.053%

Price spread now: GMX against BloFin−0.363%51s7-day average +0.015% · you buy dearer than you sell

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

Long on BloFin Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.029%−$3 on $10k

Price spread, last 4 days (all we have)+0.243%+$24 · spread now −0.363%, 7d avg +0.015%

Together, before fees+0.214%+$21 on $10k · with fees, hour by hour

Funding pays, the price is against you. GMX is 0.378% cheaper against BloFin than usual: you would sell low and buy high (spread −0.363% now, against its 7-day average of +0.015%). If the spread goes back, that is −$38 on $10k: about 53 days of funding at the current rate (+$1 a day). The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin UNI-USDT	9.1130	0.0220	pay 0.0220% / 8h	4h 15m	$10.3M	$3.6M	75x
Short	GMX UNI/USD [UNI-USDC]	9.0799	L +0.0381% / S −0.0244%	get 0.0030% / 1h	15m 42s	$647K	—	120x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against BloFin. 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 BloFinbpFee GMXbpOrdersPrice spread, now −0.363%Rate

Funding earned: $5.02
Price spread: −0.363% → +0.015%: −$37.79
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: −$56.77
Costs to cover: 0.240%
Break-even: 86.2 days

Slippage unknown: BloFin: live order book, 3 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 BloFin live order book, 3 min ago	1.65 bp	8.7 bp −$9	15.0 bp −$150	43.8 bp −$4,384	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 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/USD	L +0.0004% / S −0.0004%	1h	9.0816	−0.344%	$37K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−3.105%	$660	$154K	12x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0041%	1h	9.0834	−0.324%	$582K	$193K	50x	as long as short
01 Exchange UNIUSD	+0.0064%	1h	9.0856	−0.301%	$453	$5	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.0900	−0.252%	$970K	$4.4M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.0754	−0.412%	$823K	$3.5M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.0855	−0.302%	$294K	$599K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.0856	−0.301%	$223.3M	$638.0M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.0890	−0.263%	$102.1M	$111.1M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.0900	−0.252%	$55.3M	$262.2M	50x	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	9.0940	−0.208%	$315K	$651K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.0780	−0.384%	$23.6M	$63.8M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0750	−0.417%	$47.8M	$25.4M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0750	−0.417%	$13.6M	$13.2M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0790	−0.373%	$33.5M	$44.8M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	9.0740	−0.428%	—	$56.6M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.0815	−0.346%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.0759	−0.407%	$4.3M	$4.1M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.1106	−0.026%	$172K	$346K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0935	−0.214%	$644K	$2.8M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.1140	+0.011%	$96K	$701K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0930	−0.219%	$15K	$3.4M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.0906	−0.246%	$86K	$429K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.0790	−0.373%	$16K	$1.5M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.0934	−0.215%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.0790	−0.373%	$22K	$791K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.0957	−0.190%	$732K	$4.7M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.0820	−0.340%	$27.5M	$4.4M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.0816	−0.344%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0676	−0.499%	$293K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0798	−0.364%	$32K	—	3x	as long as short
dYdX UNI-USD	+0.0152%	1h	9.0823	−0.337%	$239K	$30K	10x	as long as short
Lighter UNI	+0.0216%	1h	9.0986	−0.158%	$4.6M	$5.8M	15x	as long as short
BloFin UNI-USDTlong	+0.0220%	8h	9.1130	long leg	$10.3M	$3.6M	75x
Coinbase International UNI-PERP-INTX	+0.0248%	1h	9.0770	−0.395%	$1.0M	$5.7M	50x	as long as short
Kraken Futures PF_UNIUSD	+0.0269%	1h	9.0848	−0.310%	$5.0M	$8.0M	50x	as long as short
Hyperliquid UNI	+0.0354%	1h	9.0948	−0.200%	$98.5M	$62.5M	10x	as long as short
Reya UNIRUSDPERP	+0.0373%	1h	9.0835	−0.324%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]short	L +0.0381% / S −0.0244%	1h	9.0799	−0.363%	$647K	—	120x
Aftermath Perps UNIUSD	+0.0949%	1h	9.0928	−0.222%	$936	$46K	10x	as long as short