UNI

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0372%/8h= −40.7% APRnext payment −$0.46 per $10,000 · paid last 24h −0.047%

Price spread now: Deribit against GMX+0.017%7-day average +0.021% · you sell dearer than you buy

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

Long on GMX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.175%−$17 on $10k

Price spread, last 3 days (all we have)+0.116%+$12 · spread now +0.017%, 7d avg +0.021%

Together, before fees−0.059%−$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.021%, so right now this pair is about funding alone: −$11 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX UNI/USD [UNI-USDC]	9.0073	L +0.0382% / S −0.0323%	pay 0.0048% / 1h	20m 46s	$570K	—	120x
Short	Deribit UNI_USDC-PERPETUAL	9.0088	0.0010	get 0.0001% / 1h	20m 46s	$580K	$176K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.017%Rate

Funding earned: −$78.02
Price spread: +0.017% → +0.021%: −$0.41
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$97.43
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Deribit: live order book, 58 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 Deribit live order book, 58 min ago	6.97 bp	10.5 bp −$10	19.8 bp −$198	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	−1.968%	$660	$155K	12x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	9.0065	−0.009%	$62K	—	150x	as long as short
Deribit UNI_USDC-PERPETUALshort	+0.0010%	1h	9.0088	+0.017%	$580K	$176K	50x
Variational Omni UNI	+0.0063%	8h	9.0063	−0.011%	$4.1M	$4.4M	—	as long as short
OKX UNI-USDT-SWAP	+0.0093%	8h	9.0040	−0.037%	$55.1M	$250.0M	50x	as long as short
Bybit UNIUSDT	+0.0096%	8h	9.0040	−0.037%	$102.1M	$104.9M	75x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.0115	+0.047%	$956K	$4.2M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.0228	+0.172%	$1.0M	$3.3M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.0153	+0.089%	$298K	$593K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.0078	+0.006%	$222.9M	$590.2M	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	9.0190	+0.130%	$266K	$632K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.0130	+0.063%	$23.0M	$58.9M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0130	+0.063%	$43.9M	$24.1M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0130	+0.063%	$13.7M	$13.5M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0110	+0.041%	$32.9M	$42.0M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.0110	+0.041%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.0131	+0.064%	$1.0M	$2.4M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.9766	−0.341%	$169K	$343K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.9890	−0.204%	$631K	$2.5M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.9810	−0.292%	$88K	$712K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.9830	−0.270%	$36K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.0126	+0.059%	$85K	$363K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.0060	−0.014%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.0171	+0.109%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.0049	−0.027%	$21K	$676K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.0213	+0.155%	$720K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.0070	−0.003%	$27.2M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.0094	+0.023%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0088	+0.016%	$303K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0064	−0.010%	$32K	$1K	3x	as long as short
01 Exchange UNIUSD	+0.0168%	1h	9.0152	+0.088%	$450	—	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.0100	+0.030%	$10.0M	$3.5M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0232%	1h	9.0130	+0.063%	$1.1M	$5.4M	50x	as long as short
dYdX UNI-USD	+0.0236%	1h	9.0076	+0.003%	$249K	$6K	10x	as long as short
Reya UNIRUSDPERP	+0.0364%	1h	9.0070	−0.003%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]long	L +0.0382% / S −0.0323%	1h	9.0073	long leg	$570K	—	120x
Hyperliquid UNI	+0.0502%	1h	9.0261	+0.209%	$99.1M	$59.1M	10x	as long as short
Kraken Futures PF_UNIUSD	+0.0562%	1h	9.0106	+0.036%	$5.0M	$7.0M	50x	as long as short
Aftermath Perps UNIUSD	+0.0815%	1h	9.0058	−0.017%	$1K	$49K	10x	as long as short
Lighter UNI	+0.0888%	1h	9.0318	+0.272%	$4.6M	$5.3M	15x	as long as short