Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0096%/8h= +10.5% APRpaid last 24h +0.029%

Price spread now: Gate against gTrade (Gains Network)−0.054%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 Gate

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. Gate is 0.054% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.054% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 45 hours 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	8.8618	L +0.0004% / S −0.0007%	pay 0.0001% / 1h	2m 27s	$49K	—	150x
Short	Gate UNI_USDT	8.8570	0.0100	get 0.0100% / 8h	1h 02m	$25.1M	$66.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.054%Rate

Funding earned: $20.14
Price spread: −0.054% → 0.000%: −$5.39
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$10.26
Costs to cover: 0.250%
Break-even: 10.6 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Gate: live order book, 1 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 Gate live order book, 1 min ago	1.13 bp	12.2 bp −$12	18.4 bp −$184	33.9 bp −$3,385	55.7 bp −$27.9K

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
Polymarket Perps UNI-USD	−0.0077%	1h	8.8586	−0.036%	$106K	$619K	10x	as long as short
01 Exchange UNIUSD	−0.0024%	1h	8.8587	−0.035%	$442	$5	10x	as long as short
Kraken Futures PF_UNIUSD	−0.0017%	1h	8.8614	−0.004%	$4.7M	$8.6M	50x	as long as short
gTrade (Gains Network) UNI/USDlong	L +0.0004% / S −0.0007%	1h	8.8618	long leg	$49K	—	150x
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−0.359%	$660	$153K	12x	as long as short
Nado UNI-PERP	+0.0035%	1h	8.8547	−0.079%	$735K	$4.7M	10x	as long as short
Lighter UNI	+0.0096%	1h	8.8665	+0.053%	$4.4M	$5.7M	15x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8555	−0.071%	$25K	—	20x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.8630	+0.014%	$726K	$3.6M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.8600	−0.020%	$283K	$590K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance UNIUSDT	+0.0100%	8h	8.8580	−0.043%	$214.0M	$657.2M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	8.8610	−0.009%	$98.1M	$111.4M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	8.8580	−0.043%	$53.9M	$263.8M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.8660	+0.048%	$316K	$695K	10x	as long as short
Gate UNI_USDTshort	+0.0100%	8h	8.8570	−0.054%	$25.1M	$66.9M	75x
MEXC UNI_USDT	+0.0100%	8h	8.8620	+0.002%	$48.5M	$26.7M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.8630	+0.014%	$13.0M	$13.4M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8580	−0.043%	$32.4M	$45.4M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	8.8560	−0.065%	—	$57.1M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8602	−0.018%	$1.1M	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	8.8829	+0.239%	$4.1M	$4.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8745	+0.143%	$168K	$346K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8670	+0.059%	$620K	$2.7M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8750	+0.149%	$89K	$709K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8660	+0.048%	$15K	$3.4M	20x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8540	−0.088%	$16K	$2.0M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.8684	+0.075%	$36K	$1.4M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.8561	−0.064%	$32K	$887K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.8666	+0.054%	$694K	$4.8M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8560	−0.065%	$26.7M	$4.5M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8543	−0.085%	$289K	$1.7M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8590	−0.031%	$31K	—	3x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0116%	1h	8.8627	+0.010%	$584K	$250K	50x	as long as short
Hyperliquid UNI	+0.0154%	1h	8.8712	+0.106%	$94.3M	$67.6M	10x	as long as short
Coinbase International UNI-PERP-INTX	+0.0192%	1h	8.8650	+0.036%	$923K	$5.4M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.8600	−0.020%	$10.0M	$3.6M	75x	as long as short
dYdX UNI-USD	+0.0377%	1h	8.8583	−0.039%	$233K	$30K	10x	as long as short
Reya UNIRUSDPERP	+0.0379%	1h	8.8560	−0.065%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0243%	1h	8.8626	+0.009%	$630K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0517%	1h	8.8750	+0.149%	$1K	$53K	10x	as long as short