UNI

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0282%/8h= −30.8% APRnext payment −$0.35 per $10,000 · paid last 24h −0.038%

Price spread now: Arcus against GMX+0.104%7-day average +0.041% · you sell dearer than you buy

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

Long on GMX Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.200%−$20 on $10k

Price spread, last 3 days (all we have)−0.076%−$8 · spread now +0.104%, 7d avg +0.041%

Together, before fees−0.276%−$28 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Arcus is 0.062% dearer against GMX than usual: you sell high and buy low (spread +0.104% now, against its 7-day average of +0.041%): +$6 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 18 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX UNI/USD [UNI-USDC]	8.9747	L +0.0382% / S −0.0323%	pay 0.0048% / 1h	23m 45s	$568K	—	120x
Short	Arcus UNI-USD	8.9840	0.0100	get 0.0013% / 1h	23m 45s	$265K	$632K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against GMX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 GMXbpFee ArcusbpOrdersPrice spread, now +0.104%Rate

Funding earned: −$59.12
Price spread: +0.104% → +0.041%: $6.24
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$69.38
Costs to cover: 0.165%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Arcus: live order book, 55 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 GMX no order-book sample	—	—	—	—	—
Sell Arcus live order book, 55 min ago	3.93 bp	11.2 bp −$11	13.9 bp −$139	doesn't fit	doesn't fit

GMX: 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
Injective UNI/USDC PERP	−0.0049%	1h	8.8300	−1.612%	$660	$155K	12x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	8.9754	+0.008%	$62K	—	150x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0029%	1h	8.9765	+0.020%	$578K	$176K	50x	as long as short
Variational Omni UNI	+0.0051%	8h	8.9935	+0.209%	$4.1M	$4.4M	—	as long as short
Bybit UNIUSDT	+0.0091%	8h	8.9730	−0.019%	$101.8M	$105.0M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0091%	8h	8.9650	−0.108%	$54.9M	$248.7M	50x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.9765	+0.020%	$953K	$4.2M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.9771	+0.026%	$1.0M	$3.3M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.9755	+0.009%	$297K	$593K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.9759	+0.014%	$222.1M	$590.3M	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-USDshort	+0.0100%	1h	8.9840	+0.104%	$265K	$632K	10x
Gate UNI_USDT	+0.0100%	8h	8.9750	+0.003%	$22.9M	$58.8M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.9770	+0.026%	$43.6M	$24.0M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.9750	+0.003%	$13.6M	$13.5M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.9630	−0.130%	$32.8M	$42.1M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	8.9740	−0.008%	—	$52.0M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.9804	+0.063%	$1.0M	$2.4M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.9917	+0.190%	$169K	$342K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0060	+0.349%	$632K	$2.5M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.9950	+0.226%	$88K	$713K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.9880	+0.148%	$36K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.9766	+0.021%	$85K	$363K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.9730	−0.019%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.9840	+0.104%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.9728	−0.021%	$21K	$676K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.9915	+0.187%	$717K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.9730	−0.019%	$27.1M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.9739	−0.009%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	8.9697	−0.056%	$303K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.9743	−0.004%	$32K	$1K	3x	as long as short
dYdX UNI-USD	+0.0174%	1h	8.9788	+0.046%	$249K	$6K	10x	as long as short
01 Exchange UNIUSD	+0.0176%	1h	8.9806	+0.066%	$448	—	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.9730	−0.019%	$10.0M	$3.5M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0232%	1h	8.9860	+0.126%	$1.1M	$5.4M	50x	as long as short
Reya UNIRUSDPERP	+0.0364%	1h	8.9719	−0.031%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]long	L +0.0382% / S −0.0323%	1h	8.9747	long leg	$568K	—	120x
Hyperliquid UNI	+0.0511%	1h	8.9770	+0.026%	$98.4M	$59.0M	10x	as long as short
Kraken Futures PF_UNIUSD	+0.0564%	1h	8.9799	+0.058%	$5.0M	$7.0M	50x	as long as short
Aftermath Perps UNIUSD	+0.0808%	1h	8.9951	+0.227%	$1K	$49K	10x	as long as short
Lighter UNI	+0.0872%	1h	8.9894	+0.164%	$4.6M	$5.2M	15x	as long as short