Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0269%/8h= −29.5% APRpaid last 24h −0.073%

Price spread now: Gate against Reya−0.041%7-day average — · you buy dearer than you sell

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

Long on Reya Short on Gate

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—+ Points / potential airdropReya: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Gate is 0.041% cheaper against Reya than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya UNIRUSDPERP	9.1058	0.0369	pay 0.0046% / 1h	57m 32s	$17K	—	20x
Short	Gate UNI_USDT	9.1020	0.0100	get 0.0100% / 8h	5h 57m	$23.3M	$58.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Reya. 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 ReyabpFee GatebpOrdersPrice spread, now −0.041%Rate

Funding earned: −$56.54
Price spread: −0.041% → 0.000%: −$4.13
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$81.66
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; Gate: live order book, 1 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 Reya no order-book sample	—	—	—	—	—
Sell Gate live order book, 1 min ago	0.55 bp	14.2 bp −$14	27.5 bp −$275	41.7 bp −$4,173	65.2 bp −$32.6K

Reya: 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 39 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
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	9.1189	+0.144%	$19K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−3.028%	$660	$154K	12x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.1065	+0.008%	$953K	$4.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.1120	+0.069%	$1.0M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.1061	+0.004%	$297K	$564K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.1051	−0.008%	$228.5M	$606.0M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.1020	−0.041%	$102.3M	$107.4M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.1040	−0.019%	$56.3M	$252.9M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.1200	+0.156%	$289K	$619K	10x	as long as short
Gate UNI_USDTshort	+0.0100%	8h	9.1020	−0.041%	$23.3M	$58.5M	75x

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC UNI_USDT	+0.0100%	8h	9.1060	+0.003%	$49.5M	$24.9M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.1090	+0.036%	$13.7M	$12.8M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.1050	−0.008%	$33.4M	$42.1M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.1040	−0.019%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.1182	+0.137%	$995K	$2.2M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.1879	+0.902%	$4.2M	$4.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.1882	+0.905%	$173K	$346K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.1282	+0.246%	$636K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.1700	+0.706%	$90K	$699K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.1210	+0.167%	$56K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.1087	+0.032%	$89K	$410K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.1230	+0.189%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.1288	+0.253%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.1210	+0.167%	$22K	$727K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.1300	+0.266%	$725K	$4.2M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.1200	+0.156%	$27.5M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.1009	−0.054%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0987	−0.078%	$304K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.1250	+0.212%	$32K	—	3x	as long as short
01 Exchange UNIUSD	+0.0184%	1h	9.1080	+0.025%	$454	$5	10x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0227%	1h	9.1257	+0.218%	$592K	$188K	50x	as long as short
Kraken Futures PF_UNIUSD	+0.0269%	1h	9.1234	+0.194%	$5.1M	$7.0M	50x	as long as short
dYdX UNI-USD	+0.0274%	1h	9.1065	+0.009%	$240K	$30K	10x	as long as short
Coinbase International UNI-PERP-INTX	+0.0296%	1h	9.1280	+0.244%	$1.1M	$4.6M	50x	as long as short
Lighter UNI	+0.0328%	1h	9.1260	+0.222%	$4.8M	$5.5M	15x	as long as short
Reya UNIRUSDPERPlong	+0.0369%	1h	9.1058	long leg	$17K	—	20x
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.1169	+0.122%	$649K	—	120x	as long as short
Hyperliquid UNI	+0.0490%	1h	9.1197	+0.153%	$99.2M	$59.3M	10x	as long as short
Aftermath Perps UNIUSD	+0.0922%	1h	9.1550	+0.541%	$1K	$48K	10x	as long as short