Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0279%/8h= −30.6% APRpaid last 24h −0.034%

Price spread now: edgeX against GMX+0.056%7-day average −0.024% · you sell dearer than you buy

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

Long on GMX Short on edgeX

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)−0.197%−$20 · spread now +0.056%, 7d avg −0.024%

Together, before fees−0.397%+ Points / potential airdropedgeX: Active · farm board−$40 on $10k · with fees, hour by hour

The price spread pays, funding is against you. edgeX is 0.080% dearer against GMX than usual: you sell high and buy low (spread +0.056% now, against its 7-day average of −0.024%): +$8 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 23 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX UNI/USD [UNI-USDC]	8.9276	L +0.0379% / S −0.0319%	pay 0.0047% / 1h	8m 25s	$559K	—	120x
Short	edgeX UNIUSDC	8.9326	0.0100	get 0.0050% / 4h	1h 08m	$168K	$343K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against GMX. 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 GMXbpFee edgeXbpOrdersPrice spread, now +0.056%Rate

Funding earned: −$58.6
Price spread: +0.056% → −0.024%: $8.03
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$71.57
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; edgeX: live order book, 10 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 edgeX live order book, 10 min ago	2.25 bp	7.5 bp −$8	20.8 bp −$208	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
Variational Omni UNI	−0.0038%	8h	8.9363	+0.097%	$4.0M	$4.6M	—	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	8.9283	+0.008%	$62K	—	150x	as long as short
Bybit UNIUSDT	+0.0015%	8h	8.9250	−0.029%	$101.9M	$104.8M	75x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−1.093%	$660	$155K	12x	as long as short
OKX UNI-USDT-SWAP	+0.0056%	8h	8.9230	−0.052%	$55.2M	$246.5M	50x	as long as short
01 Exchange UNIUSD	+0.0080%	1h	8.9335	+0.066%	$446	—	10x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.9265	−0.013%	$25K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.9265	−0.012%	$943K	$4.1M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.9379	+0.116%	$1.0M	$3.3M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.9302	+0.029%	$297K	$584K	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	8.9280	+0.004%	$219.7M	$590.3M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.9380	+0.116%	$275K	$621K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.9300	+0.027%	$23.0M	$59.0M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.9280	+0.004%	$43.1M	$24.6M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.9280	+0.004%	$13.6M	$13.8M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.9250	−0.029%	$32.4M	$41.3M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	8.9290	+0.016%	—	$51.7M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.9313	+0.041%	$992K	$2.3M	10x	as long as short
edgeX UNIUSDCshort	+0.0100%	4h	8.9326	+0.056%	$168K	$343K	20x
GRVT UNI_USDT_Perp	+0.0100%	8h	8.9094	−0.204%	$628K	$2.5M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.9000	−0.309%	$88K	$712K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.9290	+0.016%	$107K	$3.2M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.9276	0.000%	$87K	$356K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.9290	+0.016%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.9303	+0.030%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.9280	+0.004%	$25K	$666K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.9233	−0.048%	$730K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.9240	−0.040%	$26.9M	$4.4M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.9232	−0.050%	$302K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.9299	+0.026%	$32K	$1K	3x	as long as short
dYdX UNI-USD	+0.0117%	1h	8.9287	+0.013%	$247K	$6K	10x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0170%	1h	8.9331	+0.062%	$568K	$157K	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.9230	−0.052%	$9.9M	$3.4M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0224%	1h	8.9320	+0.049%	$1.1M	$5.3M	50x	as long as short
Kraken Futures PF_UNIUSD	+0.0339%	1h	8.9302	+0.029%	$5.0M	$7.0M	50x	as long as short
Reya UNIRUSDPERP	+0.0363%	1h	8.9242	−0.038%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]long	L +0.0379% / S −0.0319%	1h	8.9276	long leg	$559K	—	120x
Hyperliquid UNI	+0.0433%	1h	8.9412	+0.152%	$98.5M	$59.3M	10x	as long as short
Aftermath Perps UNIUSD	+0.0654%	1h	8.9244	−0.036%	$1K	$49K	10x	as long as short
Lighter UNI	+0.0656%	1h	8.9466	+0.213%	$4.6M	$5.2M	15x	as long as short