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 +0.011%

Price spread now: OKX against gTrade (Gains Network)−0.062%163s7-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 OKX

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. OKX is 0.062% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.062% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 2.2 days of funding at the current rate (+$3 a day). The two prices were read 163 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	gTrade (Gains Network) UNI/USD	8.9205	L +0.0004% / S −0.0007%	pay 0.0001% / 1h	18m 32s	$49K	—	150x
Short	OKX UNI-USDT-SWAP	8.9150	0.0100	get 0.0100% / 8h	1h 18m	$54.1M	$265.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.062%Rate

Funding earned: $20.14
Price spread: −0.062% → 0.000%: −$6.21
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$6.08
Costs to cover: 0.200%
Break-even: 9.1 days

Slippage unknown: gTrade (Gains Network): no order-book sample; OKX: live order book, 6 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 OKX live order book, 6 min ago	0.56 bp	8.2 bp −$8	17.5 bp −$175	59.8 bp −$5,985	doesn't fit

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	−0.0121%	1h	8.9170	−0.040%	$107K	$618K	10x	as long as short
Kraken Futures PF_UNIUSD	−0.0017%	1h	8.9201	−0.005%	$4.7M	$8.6M	50x	as long as short
01 Exchange UNIUSD	−0.0016%	1h	8.9143	−0.070%	$445	$5	10x	as long as short
gTrade (Gains Network) UNI/USDlong	L +0.0004% / S −0.0007%	1h	8.9205	long leg	$49K	—	150x
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−1.015%	$660	$153K	12x	as long as short
Nado UNI-PERP	+0.0062%	1h	8.9150	−0.062%	$740K	$4.7M	10x	as long as short
Lighter UNI	+0.0096%	1h	8.9265	+0.067%	$4.5M	$5.7M	15x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.9127	−0.088%	$25K	—	20x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.9174	−0.035%	$731K	$3.6M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.9171	−0.038%	$285K	$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	8.9130	−0.085%	$215.3M	$658.3M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	8.9130	−0.085%	$99.0M	$111.4M	75x	as long as short
OKX UNI-USDT-SWAPshort	+0.0100%	8h	8.9150	−0.062%	$54.1M	$265.5M	50x
Arcus UNI-USD	+0.0100%	1h	8.9210	+0.005%	$318K	$695K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.9150	−0.062%	$25.2M	$66.7M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.9150	−0.062%	$49.0M	$26.6M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.9180	−0.028%	$13.1M	$13.4M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.9140	−0.073%	$32.6M	$45.4M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.9140	−0.073%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.9204	−0.002%	$1.1M	$2.5M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	8.9139	−0.074%	$4.1M	$4.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.9258	+0.059%	$169K	$346K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.9241	+0.040%	$624K	$2.7M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.9210	+0.005%	$90K	$710K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.9210	+0.005%	$15K	$3.5M	20x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.9130	−0.085%	$16K	$1.9M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.9198	−0.008%	$36K	$1.4M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.9145	−0.068%	$32K	$887K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.9204	−0.002%	$698K	$4.8M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.9180	−0.028%	$26.9M	$4.5M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.9123	−0.092%	$293K	$1.7M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.9135	−0.079%	$32K	—	3x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0120%	1h	8.9192	−0.015%	$588K	$250K	50x	as long as short
Hyperliquid UNI	+0.0189%	1h	8.9262	+0.063%	$94.9M	$67.5M	10x	as long as short
Coinbase International UNI-PERP-INTX	+0.0192%	1h	8.9200	−0.006%	$929K	$5.5M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.9170	−0.040%	$10.0M	$3.6M	75x	as long as short
dYdX UNI-USD	+0.0284%	1h	8.9144	−0.069%	$235K	$31K	10x	as long as short
Reya UNIRUSDPERP	+0.0379%	1h	8.9170	−0.040%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0243%	1h	8.9159	−0.052%	$635K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0495%	1h	8.9262	+0.064%	$1K	$53K	10x	as long as short