Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0148%/8h= +16.2% APRpaid last 24h +0.035%

Price spread now: Coinbase International against Bitget+0.133%7-day average +0.054% · you sell dearer than you buy

Net, funding: paid 7d − costs−$53as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$450.445% of the position

Long on Bitget Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.087%−$9 on $10k

Price spread, last 4 days (all we have)+0.234%+$23 · spread now +0.133%, 7d avg +0.054%

Together, before fees+0.147%+$15 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Coinbase International is 0.078% dearer against Bitget than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.054%. Mind the row above: over the last 7 days funding on this pair cost −0.087%, 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	Bitget UNIUSDT	9.0490	0.0100	pay 0.0100% / 8h	4h 04m	$33.4M	$45.0M	75x
Short	Coinbase International UNI-PERP-INTX	9.0610	0.0248	get 0.0031% / 1h	4m 58s	$950K	$5.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Bitget. 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 BitgetbpFee Coinbase InternationalbpOrdersPrice spread, now +0.133%Rate

Funding earned: $31.08
Price spread: +0.133% → +0.054%: $7.84
Slippage, 4 orders: −$22.52
Fee Bitget: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$5.6
Costs to cover: 0.445%
Break-even: 8.3 days

Slippage from Bitget: live order book, 4 min ago; Coinbase International: live order book, 4 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 Bitget live order book, 4 min ago	1.11 bp	12.2 bp −$12	20.2 bp −$202	42.8 bp −$4,278	doesn't fit
Sell Coinbase International live order book, 4 min ago	4.97 bp	10.7 bp −$11	19.6 bp −$196	51.1 bp −$5,105	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
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	9.0559	+0.076%	$37K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−2.420%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0056%	1h	9.0626	+0.150%	$452	$5	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.0580	+0.099%	$963K	$4.4M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.0560	+0.078%	$815K	$3.5M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.0525	+0.038%	$293K	$600K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.0548	+0.064%	$222.4M	$639.1M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.0520	+0.033%	$101.7M	$111.2M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.0520	+0.033%	$55.2M	$261.5M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.0690	+0.221%	$314K	$650K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate UNI_USDT	+0.0100%	8h	9.0530	+0.044%	$23.6M	$64.0M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0520	+0.033%	$47.7M	$25.5M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0530	+0.044%	$13.5M	$13.2M	75x	as long as short
Bitget UNIUSDTlong	+0.0100%	8h	9.0490	long leg	$33.4M	$45.0M	75x
BingX UNI-USDC	+0.0100%	8h	9.0520	+0.033%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.0589	+0.109%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.0449	−0.045%	$4.2M	$4.1M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.0511	+0.023%	$171K	$345K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0530	+0.044%	$641K	$2.8M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0510	+0.022%	$95K	$701K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0490	0.000%	$15K	$3.4M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.0580	+0.099%	$86K	$430K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.0530	+0.044%	$16K	$1.5M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.0569	+0.087%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.0525	+0.039%	$22K	$792K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.0558	+0.075%	$724K	$4.7M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.0540	+0.055%	$27.4M	$4.4M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.0565	+0.083%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0494	+0.005%	$293K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0555	+0.072%	$32K	—	3x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0161%	1h	9.0588	+0.109%	$580K	$207K	50x	as long as short
dYdX UNI-USD	+0.0176%	1h	9.0575	+0.093%	$238K	$30K	10x	as long as short
Lighter UNI	+0.0208%	1h	9.0643	+0.169%	$4.6M	$5.8M	15x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.0520	+0.033%	$10.3M	$3.6M	75x	as long as short
Coinbase International UNI-PERP-INTXshort	+0.0248%	1h	9.0610	+0.133%	$950K	$5.8M	50x
Kraken Futures PF_UNIUSD	+0.0270%	1h	9.0575	+0.094%	$5.0M	$8.0M	50x	as long as short
Hyperliquid UNI	+0.0316%	1h	9.0628	+0.153%	$98.2M	$62.4M	10x	as long as short
Reya UNIRUSDPERP	+0.0373%	1h	9.0535	+0.049%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.0564	+0.082%	$645K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0940%	1h	9.0680	+0.210%	$874	$46K	10x	as long as short