UNI

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0124%/8h= +13.6% APRnext payment +$0.15 per $10,000 · paid last 24h +0.015%

Price spread now: Coinbase International against Backpack−0.103%7-day average −0.020% · you buy dearer than you sell

Net, funding: paid 7d − costs−$58as in the Funding arb table

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

costs, in and out, $10k−$410.408% of the position

Long on Backpack Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.173%−$17 on $10k

Price spread, last 3 days (all we have)+0.243%+$24 · spread now −0.103%, 7d avg −0.020%

Together, before fees+0.070%+$7 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.084% cheaper against Backpack than usual: you would sell low and buy high (spread −0.103% now, against its 7-day average of −0.020%). If the spread goes back, that is −$8 on $10k: about 2.2 days of funding at the current rate (+$4 a day). Mind the row above: over the last 7 days funding on this pair cost −0.173%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack UNI_USDC_PERP	8.9863	0.0100	pay 0.0013% / 1h	0m 49s	$999K	$2.3M	10x
Short	Coinbase International UNI-PERP-INTX	8.9770	0.0224	get 0.0028% / 1h	0m 49s	$1.1M	$5.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Backpack. 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 BackpackbpFee Coinbase InternationalbpOrdersPrice spread, now −0.103%Rate

Funding earned: $26.04
Price spread: −0.103% → −0.020%: −$8.37
Slippage, 4 orders: −$20.82
Fee Backpack: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$23.15
Costs to cover: 0.408%
Break-even: 13.2 days

Slippage from Backpack: live order book, 3 min ago; Coinbase International: live order book, 3 min ago.

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 Backpack live order book, 3 min ago	0.06 bp	5.7 bp −$6	57.0 bp −$570	doesn't fit	doesn't fit
Sell Coinbase International live order book, 3 min ago	2.79 bp	14.2 bp −$14	19.0 bp −$190	56.1 bp −$5,613	doesn't fit

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	−0.0030%	8h	8.9413	−0.501%	$4.0M	$4.6M	—	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	8.9727	−0.152%	$62K	—	150x	as long as short
Bybit UNIUSDT	+0.0026%	8h	8.9760	−0.115%	$102.6M	$105.1M	75x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−1.739%	$660	$155K	12x	as long as short
OKX UNI-USDT-SWAP	+0.0063%	8h	8.9750	−0.126%	$55.4M	$248.4M	50x	as long as short
01 Exchange UNIUSD	+0.0088%	1h	8.9783	−0.089%	$448	—	10x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.9775	−0.098%	$26K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.9607	−0.284%	$949K	$4.1M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.9890	+0.030%	$1.0M	$3.3M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.9824	−0.044%	$299K	$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	8.9812	−0.057%	$221.5M	$592.9M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.9800	−0.070%	$277K	$621K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.9790	−0.081%	$23.1M	$59.1M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.9810	−0.059%	$43.3M	$24.7M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.9820	−0.048%	$13.7M	$13.8M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.9740	−0.137%	$32.6M	$41.5M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	8.9790	−0.081%	—	$51.7M	—	as long as short
Backpack UNI_USDC_PERPlong	+0.0100%	1h	8.9863	long leg	$999K	$2.3M	10x
edgeX UNIUSDC	+0.0100%	4h	8.9542	−0.357%	$168K	$344K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.9616	−0.275%	$628K	$2.5M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.9540	−0.359%	$88K	$713K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.9660	−0.226%	$107K	$3.2M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.9679	−0.205%	$87K	$356K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.9720	−0.159%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.9792	−0.079%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.9731	−0.147%	$25K	$663K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.9805	−0.065%	$734K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.9730	−0.148%	$27.0M	$4.4M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.9762	−0.112%	$303K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.9901	+0.042%	$32K	$1K	3x	as long as short
dYdX UNI-USD	+0.0111%	1h	8.9800	−0.070%	$249K	$6K	10x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0202%	1h	8.9776	−0.097%	$571K	$157K	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.9760	−0.115%	$10.0M	$3.4M	75x	as long as short
Coinbase International UNI-PERP-INTXshort	+0.0224%	1h	8.9770	−0.103%	$1.1M	$5.4M	50x
Kraken Futures PF_UNIUSD	+0.0337%	1h	8.9788	−0.083%	$5.0M	$7.0M	50x	as long as short
Reya UNIRUSDPERP	+0.0363%	1h	8.9615	−0.276%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0380% / S −0.0320%	1h	8.9712	−0.168%	$563K	—	120x	as long as short
Hyperliquid UNI	+0.0458%	1h	8.9900	+0.041%	$98.9M	$59.4M	10x	as long as short
Aftermath Perps UNIUSD	+0.0678%	1h	8.9586	−0.308%	$1K	$49K	10x	as long as short
Lighter UNI	+0.0680%	1h	8.9917	+0.060%	$4.6M	$5.2M	15x	as long as short