Settings8H · net · $10k
Funding arb · Price arb /

UNI

all UNI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC+0.0062%/8h= +6.8% APRpaid last 24h −0.001%
Price spread now: Gate against Deribit+0.039%7-day average −0.057% · you sell dearer than you buy
Net, funding: paid 7d − costs−$52as in the Funding arb table
Net, price: spread back to 7d avg − costs−$44as in the Price arb table
costs, in and out, $10k−$530.532% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.009%+$1 on $10k
Price spread, last 4 days (all we have)−0.246%−$25 · spread now +0.039%, 7d avg −0.057%
Together, before fees−0.237%−$24 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Gate is 0.096% dearer against Deribit than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.057%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDeribit UNI_USDC-PERPETUAL8.92150.0038pay 0.0005% / 1h52m 17s$591K$273K50x
ShortGate UNI_USDT8.92500.0100get 0.0100% / 8h7h 52m$26.6M$62.5M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate against Deribit. 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

Funding earned
$13.02
Price spread: +0.039% → −0.057%
$9.61
Slippage, 4 orders
−$31.21
Fee Deribit: 3.5 bp × 2 orders
−$7
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$30.58
Costs to cover
0.532%
Break-even
23.4 days
Slippage from Deribit: live order book, 47 min ago; Gate: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Deribit live order book, 47 min ago7.71 bp12.7 bp −$1321.2 bp −$212doesn't fitdoesn't fit
Sell Gate live order book, 2 min ago1.12 bp11.5 bp −$1120.6 bp −$20636.9 bp −$3,69458.5 bp −$29.3K

UNI on 40 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_UNIUSD−0.0062%1h8.9205−0.011%$4.7M$8.6M50xas long as short
gTrade (Gains Network) UNI/USDL +0.0004% / S −0.0005%1h8.9166−0.055%$77K150xas long as short
Injective UNI/USDC PERP+0.0033%1h8.8300−1.026%$660$153K12xas long as short
Deribit UNI_USDC-PERPETUALlong+0.0038%1h8.9215long leg$591K$273K50x
Phemex UNIUSDT+0.0067%8h8.9140−0.084%$26.9M$4.4M50xas long as short
Paradex UNI-USD-PERP+0.0100%8h8.9124−0.102%$25K20xas long as short
Nado UNI-PERP+0.0100%1h8.9265+0.056%$728K$4.7M10xas long as short
Hyperliquid UNI+0.0100%1h8.9360+0.162%$95.3M$67.6M10xas long as short
Aster UNIUSDT+0.0100%8h8.9201−0.016%$724K$3.2M50xas long as short
Pacifica UNI+0.0100%1h8.9204−0.013%$288K$567K10xas long as short
Show all 40 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance UNIUSDT+0.0100%8h8.9170−0.051%$217.0M$652.8M75xas long as short
Bybit UNIUSDT+0.0100%8h8.9160−0.062%$98.9M$110.7M75xas long as short
OKX UNI-USDT-SWAP+0.0100%8h8.9180−0.040%$54.5M$262.7M50xas long as short
Arcus UNI-USD+0.0100%1h8.9310+0.106%$323K$701K10xas long as short
Gate UNI_USDTshort+0.0100%8h8.9250+0.039%$26.6M$62.5M75x
MEXC UNI_USDT+0.0100%8h8.9230+0.016%$48.0M$25.3M200xas long as short
KuCoin UNIUSDTM+0.0100%8h8.9300+0.095%$13.0M$13.3M75xas long as short
Bitget UNIUSDT+0.0100%8h8.9210−0.006%$33.0M$46.1M75xas long as short
BingX UNI-USDC+0.0100%8h8.9200−0.017%$6.5Mas long as short
Variational Omni UNI+0.0100%8h8.9200−0.017%$4.1M$4.0Mas long as short
edgeX UNIUSDC+0.0100%4h8.9100−0.130%$168K$346K20xas long as short
GRVT UNI_USDT_Perp+0.0100%8h8.9321+0.118%$631K$2.6M10xas long as short
ApeX Omni UNIUSDT+0.0100%1h8.9170−0.051%$90K$710K50xas long as short
StandX UNI-USD+0.0100%1h8.9180−0.040%$14K$3.5M20xas long as short
Polymarket Perps UNI-USD+0.0100%1h8.9290+0.084%$104K$616K10xas long as short
Orderly PERP_UNI_USDC+0.0100%8h8.9210−0.006%$17K$2.3M10xas long as short
SunX UNI-USDT+0.0100%8h8.9382+0.187%$36K$1.3M30xas long as short
SoDEX UNI-USD+0.0100%1h8.9120−0.107%$32K$894K10xas long as short
HTX UNI-USDT+0.0100%8h8.9255+0.044%$707K$4.7M75xas long as short
Extended UNI-USD+0.0104%1h8.9110−0.118%$301K$1.8M25xas long as short
Aevo UNI-PERP+0.0104%1h8.9193−0.025%$32K3xas long as short
01 Exchange UNIUSD+0.0120%1h8.9357+0.159%$446$510xas long as short
dYdX UNI-USD+0.0133%1h8.9191−0.027%$235K$30K10xas long as short
Lighter UNI+0.0136%1h8.9254+0.043%$4.5M$5.4M15xas long as short
Coinbase International UNI-PERP-INTX+0.0208%1h8.9300+0.095%$929K$5.5M50xas long as short
BloFin UNI-USDT+0.0220%8h8.9180−0.040%$10.2M$3.6M75xas long as short
Backpack UNI_USDC_PERP+0.0249%1h8.9205−0.012%$1.1M$2.5M10xas long as short
GMX UNI/USD [UNI-USDC]L +0.0381% / S −0.0243%1h8.9119−0.108%$634K120xas long as short
Reya UNIRUSDPERP+0.0382%1h8.9238+0.025%$16K20xas long as short
Aftermath Perps UNIUSD+0.0397%1h8.9264+0.054%$1K$52K10xas long as short