Settings8H · net · $10k
Funding arb · Price arb /

UNI

all UNI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0084%/8h= +9.2% APRnext payment +$0.10 per $10,000 · paid last 24h +0.037%
Price spread now: Coinbase International against ApeX Omni−0.090%7-day average −0.040% · you buy dearer than you sell
Net, funding: paid 7d − costs−$73as in the Funding arb table
Net, price: spread back to 7d avg − costs−$63as in the Price arb table
costs, in and out, $10k−$580.583% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.144%−$14 on $10k
Price spread, last 4 days (all we have)+0.342%+$34 · spread now −0.090%, 7d avg −0.040%
Together, before fees+0.198%+$20 on $10k · with fees, hour by hour
Funding pays, the price is against you. Coinbase International is 0.050% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.090% now, against its 7-day average of −0.040%). If the spread goes back, that is −$5 on $10k: about 48 hours of funding at the current rate (+$3 a day). Mind the row above: over the last 7 days funding on this pair cost −0.144%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni UNIUSDT8.85300.0100pay 0.0013% / 1h38m 31s$91K$706K50x
ShortCoinbase International UNI-PERP-INTX8.84500.0184get 0.0023% / 1h38m 31s$926K$5.8M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against ApeX Omni. 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

Funding earned
$17.64
Price spread: −0.090% → −0.040%
−$5.03
Slippage, 4 orders
−$38.32
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
−$45.71
Costs to cover
0.583%
Break-even
25.1 days
Slippage from ApeX Omni: live order book, 10 min ago; Coinbase International: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy ApeX Omni live order book, 10 min ago6.17 bp14.4 bp −$14113.2 bp −$1,132doesn't fitdoesn't fit
Sell Coinbase International live order book, 5 min ago6.19 bp14.5 bp −$1418.0 bp −$18052.8 bp −$5,281doesn't fit

UNI on 40 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Nado UNI-PERP−0.0136%1h8.8535+0.006%$799K$4.7M10xas long as short
01 Exchange UNIUSD−0.0072%1h8.8589+0.067%$442$510xas long as short
Kraken Futures PF_UNIUSD−0.0017%1h8.8402−0.145%$4.8M$8.5M50xas long as short
gTrade (Gains Network) UNI/USDL +0.0004% / S −0.0007%1h8.8610+0.090%$48K150xas long as short
Injective UNI/USDC PERP+0.0033%1h8.8300−0.260%$660$153K12xas long as short
Polymarket Perps UNI-USD+0.0072%1h8.8592+0.070%$100K$500K10xas long as short
Lighter UNI+0.0096%1h8.8642+0.127%$4.4M$5.5M15xas long as short
Deribit UNI_USDC-PERPETUAL+0.0096%1h8.8450−0.091%$567K$202K50xas long as short
Paradex UNI-USD-PERP+0.0100%8h8.8550+0.022%$25K20xas long as short
Aster UNIUSDT+0.0100%8h8.8620+0.102%$752K$3.6M50xas long as short
Show all 40 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica UNI+0.0100%1h8.8560+0.034%$283K$612K10xas long as short
Binance UNIUSDT+0.0100%8h8.8603+0.083%$215.3M$658.7M75xas long as short
Bybit UNIUSDT+0.0100%8h8.8550+0.023%$98.9M$112.5M75xas long as short
OKX UNI-USDT-SWAP+0.0100%8h8.8580+0.056%$53.7M$263.0M50xas long as short
Arcus UNI-USD+0.0100%1h8.8660+0.147%$316K$700K10xas long as short
Gate UNI_USDT+0.0100%8h8.8510−0.023%$23.5M$64.7M75xas long as short
MEXC UNI_USDT+0.0100%8h8.8560+0.034%$46.6M$26.3M200xas long as short
KuCoin UNIUSDTM+0.0100%8h8.8600+0.079%$13.0M$13.5M75xas long as short
Bitget UNIUSDT+0.0100%8h8.8560+0.034%$32.6M$46.5M75xas long as short
BingX UNI-USDT+0.0100%8h8.8590+0.068%$57.0Mas long as short
Backpack UNI_USDC_PERP+0.0100%1h8.8459−0.080%$1.0M$2.4M10xas long as short
Variational Omni UNI+0.0100%8h8.8420−0.124%$4.1M$4.2Mas long as short
edgeX UNIUSDC+0.0100%4h8.8752+0.251%$168K$344K20xas long as short
GRVT UNI_USDT_Perp+0.0100%8h8.8350−0.203%$616K$2.7M10xas long as short
ApeX Omni UNIUSDTlong+0.0100%1h8.8530long leg$91K$706K50x
StandX UNI-USD+0.0100%1h8.8350−0.203%$15K$3.4M20xas long as short
Orderly PERP_UNI_USDC+0.0100%8h8.8380−0.169%$16K$1.6M10xas long as short
SunX UNI-USDT+0.0100%8h8.8479−0.058%$36K$1.4M30xas long as short
SoDEX UNI-USD+0.0100%1h8.8368−0.183%$22K$852K10xas long as short
HTX UNI-USDT+0.0100%8h8.8583+0.060%$707K$5.0M75xas long as short
Phemex UNIUSDT+0.0100%8h8.8380−0.169%$26.8M$4.3M50xas long as short
Extended UNI-USD+0.0104%1h8.8507−0.026%$290K$1.7M25xas long as short
Aevo UNI-PERP+0.0104%1h8.8408−0.138%$31K3xas long as short
Hyperliquid UNI+0.0118%1h8.8684+0.174%$94.4M$66.3M10xas long as short
dYdX UNI-USD+0.0171%1h8.8556+0.029%$233K$31K10xas long as short
Coinbase International UNI-PERP-INTXshort+0.0184%1h8.8450−0.090%$926K$5.8M50x
BloFin UNI-USDT+0.0220%8h8.8430−0.113%$10.0M$3.6M75xas long as short
Reya UNIRUSDPERP+0.0376%1h8.8579+0.055%$16K20xas long as short
GMX UNI/USD [UNI-USDC]L +0.0381% / S −0.0244%1h8.8600+0.079%$630K120xas long as short
Aftermath Perps UNIUSD+0.0621%1h8.8680+0.169%$926$45K10xas long as short