Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0096%/8h= +10.5% APRpaid last 24h +0.026%

Price spread now: Binance against gTrade (Gains Network)−0.381%7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on Binance

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. Binance is 0.381% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.381% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$38 on $10k: about 13 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) UNI/USD	9.1810	L +0.0004% / S −0.0006%	pay 0.0001% / 1h	55m 55s	$24K	—	150x
Short	Binance UNIUSDT	9.1460	0.0100	get 0.0100% / 8h	5h 55m	$229.5M	$608.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee BinancebpOrdersPrice spread, now −0.381%Rate

Funding earned: $20.14
Price spread: −0.381% → 0.000%: −$38.12
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$37.99
Costs to cover: 0.200%
Break-even: 20.2 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Binance: live order book, 3 min ago. 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Binance live order book, 3 min ago	0.55 bp	7.2 bp −$7	15.6 bp −$156	51.7 bp −$5,169	178.8 bp −$89.4K

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 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/USDlong	L +0.0004% / S −0.0006%	1h	9.1810	long leg	$24K	—	150x
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−3.823%	$660	$154K	12x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.1630	−0.196%	$958K	$4.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.1606	−0.223%	$1.1M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.2037	+0.247%	$301K	$564K	10x	as long as short
Binance UNIUSDTshort	+0.0100%	8h	9.1460	−0.381%	$229.5M	$608.4M	75x
Bybit UNIUSDT	+0.0100%	8h	9.1450	−0.392%	$102.9M	$107.6M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.1520	−0.316%	$56.7M	$254.7M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.2080	+0.294%	$292K	$619K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.1470	−0.370%	$23.4M	$58.8M	75x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC UNI_USDT	+0.0100%	8h	9.1550	−0.283%	$49.7M	$24.9M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.1580	−0.251%	$13.8M	$12.8M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.1430	−0.414%	$33.5M	$42.5M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	9.1460	−0.381%	—	$56.6M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.1586	−0.244%	$999K	$2.2M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.1840	+0.033%	$4.2M	$4.2M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.1882	+0.078%	$173K	$346K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.1282	−0.575%	$636K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.1700	−0.120%	$90K	$699K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.1210	−0.654%	$56K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.1826	+0.017%	$90K	$410K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.1800	−0.011%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.1747	−0.069%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.1680	−0.142%	$22K	$729K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.1840	+0.033%	$730K	$4.2M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.1650	−0.174%	$27.7M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.2013	+0.221%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.1493	−0.345%	$305K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.1771	−0.042%	$33K	—	3x	as long as short
01 Exchange UNIUSD	+0.0168%	1h	9.2031	+0.241%	$459	$5	10x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0196%	1h	9.1802	−0.009%	$596K	$188K	50x	as long as short
Kraken Futures PF_UNIUSD	+0.0267%	1h	9.1759	−0.056%	$5.1M	$7.1M	50x	as long as short
Coinbase International UNI-PERP-INTX	+0.0296%	1h	9.1680	−0.142%	$1.1M	$4.9M	50x	as long as short
Reya UNIRUSDPERP	+0.0369%	1h	9.1877	+0.073%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.1866	+0.061%	$654K	—	120x	as long as short
dYdX UNI-USD	+0.0449%	1h	9.2004	+0.212%	$242K	$30K	10x	as long as short
Lighter UNI	+0.0560%	1h	9.1818	+0.009%	$4.8M	$5.5M	15x	as long as short
Hyperliquid UNI	+0.0610%	1h	9.1667	−0.156%	$99.8M	$59.3M	10x	as long as short
Aftermath Perps UNIUSD	+0.0928%	1h	9.1534	−0.301%	$1K	$47K	10x	as long as short