Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0095%/8h= −10.4% APRpaid last 24h −0.029%

Price spread now: gTrade (Gains Network) against edgeX+0.074%68s7-day average — · you sell dearer than you buy

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

Long on edgeX 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—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

The price spread pays, funding is against you. gTrade (Gains Network) is 0.074% dearer against edgeX than usual: you sell high and buy low (spread +0.074% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.6 days. The two prices were read 68 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	edgeX UNIUSDC	8.8824	0.0100	pay 0.0050% / 4h	13m 45s	$168K	$348K	20x
Short	gTrade (Gains Network) UNI/USD	8.8889	L +0.0004% / S −0.0005%	get 0.0001% / 1h	13m 45s	$73K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against edgeX. 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 edgeXbpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.074%Rate

Funding earned: −$19.86
Price spread: +0.074% → 0.000%: $7.38
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$31.49
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: edgeX: live order book, 25 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 edgeX live order book, 25 min ago	2.26 bp	6.8 bp −$7	15.3 bp −$153	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
Kraken Futures PF_UNIUSD	−0.0306%	1h	8.8899	+0.084%	$4.7M	$8.6M	50x	as long as short
01 Exchange UNIUSD	−0.0008%	1h	8.8886	+0.070%	$444	$5	10x	as long as short
gTrade (Gains Network) UNI/USDshort	L +0.0004% / S −0.0005%	1h	8.8889	+0.074%	$73K	—	150x
Deribit UNI_USDC-PERPETUAL	+0.0011%	1h	8.8947	+0.138%	$590K	$270K	50x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−0.589%	$660	$153K	12x	as long as short
Nado UNI-PERP	+0.0040%	1h	8.8808	−0.018%	$727K	$4.7M	10x	as long as short
Polymarket Perps UNI-USD	+0.0089%	1h	8.8832	+0.009%	$104K	$616K	10x	as long as short
Lighter UNI	+0.0096%	1h	8.8889	+0.074%	$4.5M	$5.6M	15x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8927	+0.116%	$25K	—	20x	as long as short
Hyperliquid UNI	+0.0100%	1h	8.8877	+0.060%	$94.7M	$67.7M	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster UNIUSDT	+0.0100%	8h	8.8821	−0.003%	$722K	$3.3M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.8921	+0.110%	$288K	$591K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.8810	−0.015%	$216.0M	$652.3M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	8.8770	−0.060%	$98.4M	$110.5M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	8.8730	−0.105%	$54.4M	$261.6M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.8910	+0.097%	$317K	$690K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.8860	+0.041%	$26.2M	$66.5M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.8830	+0.007%	$48.1M	$26.3M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.8880	+0.064%	$12.9M	$13.3M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8760	−0.072%	$32.5M	$45.3M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	8.8830	+0.007%	—	$58.1M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8991	+0.188%	$1.1M	$2.5M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	8.8681	−0.160%	$4.1M	$4.1M	—	as long as short
edgeX UNIUSDClong	+0.0100%	4h	8.8824	long leg	$168K	$348K	20x
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8706	−0.133%	$615K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8670	−0.173%	$89K	$709K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8800	−0.027%	$14K	$3.5M	20x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8880	+0.064%	$16K	$2.2M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.8904	+0.091%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.8865	+0.047%	$32K	$886K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.9064	+0.271%	$703K	$4.7M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8830	+0.007%	$26.8M	$4.4M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8784	−0.045%	$291K	$1.8M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8890	+0.075%	$32K	—	3x	as long as short
Coinbase International UNI-PERP-INTX	+0.0200%	1h	8.8950	+0.142%	$926K	$5.4M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.8880	+0.064%	$10.0M	$3.6M	75x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0243%	1h	8.8868	+0.051%	$632K	—	120x	as long as short
Reya UNIRUSDPERP	+0.0381%	1h	8.8744	−0.089%	$16K	—	20x	as long as short
Aftermath Perps UNIUSD	+0.0395%	1h	8.8728	−0.108%	$1K	$52K	10x	as long as short
dYdX UNI-USD	+0.0568%	1h	8.8792	−0.035%	$234K	$30K	10x	as long as short