Funding you earn now, next payment 08:00 UTC−0.0281%/8h= −30.7% APRpaid last 24h −0.063%
Price spread now: Phemex against GMX+0.108%52s7-day average 0.000% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.228%−$23 on $10k
+Price spread, last 4 days (all we have)−0.034%−$3 · spread now +0.108%, 7d avg 0.000%
=The price spread pays, funding is against you. Phemex is 0.108% dearer against GMX than usual: you sell high and buy low (spread +0.108% now, against its 7-day average of 0.000%): +$11 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 31 hours. The two prices were read 52 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 | GMX UNI/USD [UNI-USDC] | 8.8594 | L +0.0381% / S −0.0243% | pay 0.0048% / 1h | 59m 29s | $630K | — | 120x |
| Short | Phemex UNIUSDT | 8.8690 | 0.0100 | get 0.0100% / 8h | 59m 29s | $26.8M | $4.5M | 50x |
GMX UNI/USD [UNI-USDC]
Phemex UNIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against GMX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$58.97
- Price spread: +0.108% → 0.000%
- $10.83
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$72.14
- Costs to cover
- 0.240%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; Phemex: live order book, 5 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 Phemex live order book, 5 min ago | 4.51 bp | 14.4 bp −$14 | 28.4 bp −$284 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Nado UNI-PERP | −0.0317% | 1h | 8.8585 | −0.010% | $736K | $4.7M | 10x | as long as short |
| Polymarket Perps UNI-USD | −0.0071% | 1h | 8.8580 | −0.016% | $106K | $616K | 10x | as long as short |
| 01 Exchange UNIUSD | −0.0024% | 1h | 8.8650 | +0.063% | $442 | $5 | 10x | as long as short |
| Kraken Futures PF_UNIUSD | −0.0017% | 1h | 8.8734 | +0.158% | $4.7M | $8.6M | 50x | as long as short |
| gTrade (Gains Network) UNI/USD | L +0.0004% / S −0.0007% | 1h | 8.8597 | +0.003% | $49K | — | 150x | as long as short |
| Injective UNI/USDC PERP | +0.0033% | 1h | 8.8300 | −0.332% | $660 | $153K | 12x | as long as short |
| Lighter UNI | +0.0096% | 1h | 8.8751 | +0.177% | $4.5M | $5.5M | 15x | as long as short |
| Paradex UNI-USD-PERP | +0.0100% | 8h | 8.8657 | +0.071% | $25K | — | 20x | as long as short |
| Hyperliquid UNI | +0.0100% | 1h | 8.8714 | +0.135% | $94.4M | $67.7M | 10x | as long as short |
| Aster UNIUSDT | +0.0100% | 8h | 8.8618 | +0.027% | $726K | $3.6M | 50x | as long as short |
Nado UNI-PERP
Polymarket Perps UNI-USD
01 Exchange UNIUSD
Kraken Futures PF_UNIUSD
gTrade (Gains Network) UNI/USD
Injective UNI/USDC PERP
Lighter UNI
Paradex UNI-USD-PERP
Hyperliquid UNI
Aster UNIUSDTShow all 40 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica UNI | +0.0100% | 1h | 8.8690 | +0.108% | $284K | $590K | 10x | as long as short |
| Binance UNIUSDT | +0.0100% | 8h | 8.8560 | −0.039% | $214.0M | $657.4M | 75x | as long as short |
| Bybit UNIUSDT | +0.0100% | 8h | 8.8550 | −0.050% | $98.1M | $111.4M | 75x | as long as short |
| OKX UNI-USDT-SWAP | +0.0100% | 8h | 8.8540 | −0.061% | $54.0M | $263.8M | 50x | as long as short |
| Arcus UNI-USD | +0.0100% | 1h | 8.8680 | +0.097% | $316K | $695K | 10x | as long as short |
| Gate UNI_USDT | +0.0100% | 8h | 8.8560 | −0.039% | $25.2M | $65.6M | 75x | as long as short |
| MEXC UNI_USDT | +0.0100% | 8h | 8.8600 | +0.007% | $48.3M | $26.0M | 200x | as long as short |
| KuCoin UNIUSDTM | +0.0100% | 8h | 8.8650 | +0.063% | $13.0M | $13.4M | 75x | as long as short |
| Bitget UNIUSDT | +0.0100% | 8h | 8.8580 | −0.016% | $32.5M | $45.4M | 75x | as long as short |
| BingX UNI-USDT | +0.0100% | 8h | 8.8560 | −0.039% | — | $57.1M | — | as long as short |
| Backpack UNI_USDC_PERP | +0.0100% | 1h | 8.8751 | +0.177% | $1.1M | $2.4M | 10x | as long as short |
| Variational Omni UNI | +0.0100% | 8h | 8.8510 | −0.096% | $4.1M | $4.3M | — | as long as short |
| edgeX UNIUSDC | +0.0100% | 4h | 8.8559 | −0.040% | $168K | $347K | 20x | as long as short |
| GRVT UNI_USDT_Perp | +0.0100% | 8h | 8.8480 | −0.129% | $619K | $2.7M | 10x | as long as short |
| ApeX Omni UNIUSDT | +0.0100% | 1h | 8.8620 | +0.029% | $89K | $709K | 50x | as long as short |
| StandX UNI-USD | +0.0100% | 1h | 8.8720 | +0.142% | $15K | $3.4M | 20x | as long as short |
| Orderly PERP_UNI_USDC | +0.0100% | 8h | 8.8590 | −0.005% | $16K | $2.0M | 10x | as long as short |
| SunX UNI-USDT | +0.0100% | 8h | 8.8660 | +0.074% | $36K | $1.4M | 30x | as long as short |
| SoDEX UNI-USD | +0.0100% | 1h | 8.8685 | +0.102% | $32K | $887K | 10x | as long as short |
| HTX UNI-USDT | +0.0100% | 8h | 8.8605 | +0.012% | $694K | $4.8M | 75x | as long as short |
| Phemex UNIUSDTshort | +0.0100% | 8h | 8.8690 | +0.108% | $26.8M | $4.5M | 50x | |
| Extended UNI-USD | +0.0104% | 1h | 8.8630 | +0.041% | $289K | $1.7M | 25x | as long as short |
| Aevo UNI-PERP | +0.0104% | 1h | 8.8711 | +0.132% | $31K | — | 3x | as long as short |
| Deribit UNI_USDC-PERPETUAL | +0.0172% | 1h | 8.8748 | +0.174% | $585K | $250K | 50x | as long as short |
| Coinbase International UNI-PERP-INTX | +0.0192% | 1h | 8.8710 | +0.131% | $924K | $5.4M | 50x | as long as short |
| BloFin UNI-USDT | +0.0220% | 8h | 8.8540 | −0.061% | $10.0M | $3.6M | 75x | as long as short |
| Reya UNIRUSDPERP | +0.0380% | 1h | 8.8547 | −0.053% | $16K | — | 20x | as long as short |
| GMX UNI/USD [UNI-USDC]long | L +0.0381% / S −0.0243% | 1h | 8.8594 | long leg | $630K | — | 120x | |
| dYdX UNI-USD | +0.0389% | 1h | 8.8654 | +0.068% | $233K | $30K | 10x | as long as short |
| Aftermath Perps UNIUSD | +0.0506% | 1h | 8.8701 | +0.121% | $947 | $53K | 10x | as long as short |
Pacifica UNI
Binance UNIUSDT
Bybit UNIUSDT
OKX UNI-USDT-SWAP
Arcus UNI-USD
Gate UNI_USDT
MEXC UNI_USDT
KuCoin UNIUSDTM
Bitget UNIUSDT
BingX UNI-USDT
Backpack UNI_USDC_PERP
Variational Omni UNI
edgeX UNIUSDC
GRVT UNI_USDT_Perp
ApeX Omni UNIUSDT
StandX UNI-USD
Orderly PERP_UNI_USDC
SunX UNI-USDT
SoDEX UNI-USD
HTX UNI-USDT
Extended UNI-USD
Aevo UNI-PERP
Deribit UNI_USDC-PERPETUAL
Coinbase International UNI-PERP-INTX
BloFin UNI-USDT
Reya UNIRUSDPERP
dYdX UNI-USD
Aftermath Perps UNIUSD