Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Gate against Extended−0.003%7-day average +0.021% · you buy dearer than you sell

Net, funding: paid 7d − costs−$55as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$400.399% of the position

Long on Extended Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.151%−$15 on $10k

Price spread, last 7 days−0.032%−$3 · spread now −0.003%, 7d avg +0.021%

Together, before fees−0.182%+ Points / potential airdropExtended: Active · farm board−$18 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.025% cheaper against Extended than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended UNI-USD	9.1643	0.0104	pay 0.0013% / 1h	49m 25s	$315K	$1.5M	25x
Short	Gate UNI_USDT	9.1640	0.0100	get 0.0100% / 8h	49m 25s	$23.6M	$57.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Extended. 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 ExtendedbpFee GatebpOrdersPrice spread, now −0.003%Rate

Funding earned: −$0.84
Price spread: −0.003% → +0.021%: −$2.47
Slippage, 4 orders: −$19.87
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$43.19
Costs to cover: 0.399%
Break-even: never at this rate

Slippage from Extended: live order book, 4 min ago; Gate: live order book, 4 min ago.

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 Extended live order book, 4 min ago	0.22 bp	6.0 bp −$6	12.0 bp −$120	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	0.55 bp	15.1 bp −$15	23.5 bp −$235	38.5 bp −$3,855	62.3 bp −$31.2K

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
Injective UNI/USDC PERP	−0.0049%	1h	8.8300	−3.648%	$660	$155K	12x	as long as short
dYdX UNI-USD	0.0000%	1h	9.1628	−0.016%	$254K	$6K	10x	as long as short
Variational Omni UNI	+0.0002%	8h	9.1084	−0.610%	$4.0M	$4.3M	—	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	9.1634	−0.009%	$63K	—	150x	as long as short
Bybit UNIUSDT	+0.0050%	8h	9.1590	−0.058%	$104.7M	$104.0M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0081%	8h	9.1540	−0.112%	$56.5M	$252.2M	50x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.1660	+0.019%	$974K	$4.1M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.1690	+0.051%	$1.1M	$3.3M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.1660	+0.019%	$305K	$586K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.1654	+0.011%	$226.8M	$586.3M	75x	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	9.1750	+0.117%	$283K	$620K	10x	as long as short
Gate UNI_USDTshort	+0.0100%	8h	9.1640	−0.003%	$23.6M	$57.9M	75x
MEXC UNI_USDT	+0.0100%	8h	9.1660	+0.019%	$44.2M	$23.8M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.1640	−0.003%	$13.9M	$13.5M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.1610	−0.036%	$33.2M	$41.5M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	9.1640	−0.003%	—	$51.9M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.0959	−0.747%	$171K	$343K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.1354	−0.315%	$645K	$2.5M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.1120	−0.571%	$90K	$713K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.1380	−0.287%	$71K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.1669	+0.028%	$89K	$356K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.1560	−0.091%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.1541	−0.111%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.1450	−0.211%	$26K	$662K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.1472	−0.187%	$746K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.1420	−0.243%	$27.6M	$4.4M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.1640	−0.003%	$26K	—	20x	as long as short
Extended UNI-USDlong	+0.0104%	1h	9.1643	long leg	$315K	$1.5M	25x
Aevo UNI-PERP	+0.0104%	1h	9.1450	−0.211%	$32K	$1K	3x	as long as short
01 Exchange UNIUSD	+0.0216%	1h	9.1715	+0.079%	$458	—	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.1300	−0.374%	$10.0M	$3.5M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0232%	1h	9.1500	−0.156%	$1.1M	$5.5M	50x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0251%	1h	9.1483	−0.175%	$589K	$175K	50x	as long as short
Backpack UNI_USDC_PERP	+0.0254%	1h	9.1518	−0.136%	$1.0M	$2.3M	10x	as long as short
Reya UNIRUSDPERP	+0.0363%	1h	9.1595	−0.052%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0380% / S −0.0320%	1h	9.1646	+0.003%	$576K	—	120x	as long as short
Kraken Futures PF_UNIUSD	+0.0553%	1h	9.1527	−0.126%	$5.1M	$7.0M	50x	as long as short
Aftermath Perps UNIUSD	+0.0749%	1h	9.0720	−1.007%	$1K	$49K	10x	as long as short
Hyperliquid UNI	+0.0965%	1h	9.1790	+0.160%	$101.5M	$58.6M	10x	as long as short
Lighter UNI	+0.1072%	1h	9.1821	+0.194%	$4.7M	$5.2M	15x	as long as short