Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0084%/8h= +9.2% APRpaid last 24h +0.037%

Price spread now: Coinbase International against BingX+0.056%7-day average +0.051% · you sell dearer than you buy

Net, funding: paid 7d − costs−$60as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$550.549% of the position

Long on BingX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.050%−$5 on $10k

Price spread, last 4 days (all we have)+0.162%+$16 · spread now +0.056%, 7d avg +0.051%

Together, before fees+0.112%+$11 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.051%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX UNI-USDC	8.8680	0.0100	pay 0.0100% / 8h	2h 42m	—	$6.5M	—
Short	Coinbase International UNI-PERP-INTX	8.8730	0.0184	get 0.0023% / 1h	42m 52s	$929K	$5.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against BingX. 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 BingXbpFee Coinbase InternationalbpOrdersPrice spread, now +0.056%Rate

Funding earned: $17.64
Price spread: +0.056% → +0.051%: $0.58
Slippage, 4 orders: −$34.95
Fee BingX: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$36.73
Costs to cover: 0.549%
Break-even: 21.6 days

Slippage from BingX: live order book, 3 min ago; Coinbase International: live order book, 1 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 BingX live order book, 3 min ago	1.13 bp	12.6 bp −$13	28.1 bp −$281	78.1 bp −$7,808	659.4 bp −$329.7K
Sell Coinbase International live order book, 1 min ago	6.19 bp	14.5 bp −$14	18.0 bp −$180	52.8 bp −$5,281	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
Nado UNI-PERP	−0.0152%	1h	8.8705	+0.028%	$796K	$4.7M	10x	as long as short
01 Exchange UNIUSD	−0.0080%	1h	8.8786	+0.120%	$443	$5	10x	as long as short
Kraken Futures PF_UNIUSD	−0.0017%	1h	8.8649	−0.035%	$4.8M	$8.4M	50x	as long as short
Deribit UNI_USDC-PERPETUAL	0.0000%	1h	8.8673	−0.007%	$568K	$202K	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0007%	1h	8.8702	+0.025%	$48K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−0.429%	$660	$153K	12x	as long as short
Lighter UNI	+0.0096%	1h	8.8709	+0.033%	$4.5M	$5.5M	15x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8827	+0.166%	$25K	—	20x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.8712	+0.036%	$752K	$3.6M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.8854	+0.196%	$284K	$612K	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	8.8690	+0.011%	$215.7M	$658.1M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	8.8640	−0.045%	$99.1M	$112.4M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	8.8610	−0.079%	$53.7M	$262.7M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.8870	+0.214%	$330K	$686K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.8680	0.000%	$23.5M	$64.6M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.8680	0.000%	$46.6M	$26.3M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.8650	−0.034%	$13.0M	$13.4M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8610	−0.079%	$32.7M	$46.5M	75x	as long as short
BingX UNI-USDClong	+0.0100%	8h	8.8680	long leg	—	$6.5M	—
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8627	−0.060%	$1.0M	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	8.8829	+0.169%	$4.1M	$4.2M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8945	+0.299%	$168K	$346K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8871	+0.215%	$620K	$2.8M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8960	+0.316%	$91K	$705K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8970	+0.327%	$15K	$3.4M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.8696	+0.018%	$99K	$499K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8660	−0.023%	$16K	$1.6M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.8739	+0.067%	$36K	$1.4M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.8590	−0.101%	$22K	$852K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.8780	+0.113%	$708K	$5.0M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8630	−0.056%	$26.8M	$4.3M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8593	−0.098%	$295K	$1.7M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8610	−0.079%	$31K	—	3x	as long as short
dYdX UNI-USD	+0.0107%	1h	8.8842	+0.183%	$234K	$31K	10x	as long as short
Hyperliquid UNI	+0.0138%	1h	8.8697	+0.019%	$94.4M	$66.5M	10x	as long as short
Coinbase International UNI-PERP-INTXshort	+0.0184%	1h	8.8730	+0.056%	$929K	$5.8M	50x
BloFin UNI-USDT	+0.0220%	8h	8.8560	−0.135%	$10.0M	$3.6M	75x	as long as short
Reya UNIRUSDPERP	+0.0376%	1h	8.8658	−0.025%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	8.8696	+0.018%	$631K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0653%	1h	8.8916	+0.266%	$865	$45K	10x	as long as short