Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0012%/8h= −1.3% APRpaid last 24h +0.003%

Price spread now: Coinbase International against BloFin+0.089%7-day average +0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$76as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$430.427% of the position

Long on BloFin Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.330%−$33 on $10k

Price spread, last 4 days (all we have)−0.156%−$16 · spread now +0.089%, 7d avg +0.016%

Together, before fees−0.485%−$49 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.074% dearer against BloFin than usual: you sell high and buy low (spread +0.089% now, against its 7-day average of +0.016%): +$7 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 20 days. At the pace of the last 7 days (−0.330% in total) that is about 37 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin UNI-USDT	8.9500	0.0220	pay 0.0220% / 8h	7h 22m	$10.3M	$3.7M	75x
Short	Coinbase International UNI-PERP-INTX	8.9580	0.0208	get 0.0026% / 1h	22m 35s	$934K	$5.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against BloFin. 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 BloFinbpFee Coinbase InternationalbpOrdersPrice spread, now +0.089%Rate

Funding earned: −$2.52
Price spread: +0.089% → +0.016%: $7.35
Slippage, 4 orders: −$20.73
Fee BloFin: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$37.9
Costs to cover: 0.427%
Break-even: never at this rate

Slippage from BloFin: live order book, 6 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 BloFin live order book, 6 min ago	0.56 bp	11.2 bp −$11	18.1 bp −$181	53.8 bp −$5,383	doesn't fit
Sell Coinbase International live order book, 1 min ago	2.80 bp	11.0 bp −$11	16.1 bp −$161	50.1 bp −$5,006	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
Kraken Futures PF_UNIUSD	−0.0062%	1h	8.9583	+0.093%	$4.8M	$8.4M	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0005%	1h	8.9454	−0.051%	$77K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−1.341%	$660	$153K	12x	as long as short
Nado UNI-PERP	+0.0075%	1h	8.9330	−0.190%	$731K	$4.5M	10x	as long as short
01 Exchange UNIUSD	+0.0088%	1h	8.9357	−0.160%	$446	$5	10x	as long as short
Lighter UNI	+0.0096%	1h	8.9938	+0.489%	$4.5M	$5.5M	15x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.9778	+0.311%	$26K	—	20x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.9876	+0.420%	$735K	$3.2M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.9825	+0.364%	$290K	$562K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.9812	+0.348%	$218.7M	$646.6M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit UNIUSDT	+0.0100%	8h	8.9760	+0.291%	$99.6M	$109.7M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	8.9780	+0.313%	$55.0M	$261.8M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.9900	+0.447%	$326K	$701K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.9810	+0.346%	$27.1M	$62.8M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.9790	+0.324%	$47.8M	$25.5M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.9850	+0.391%	$13.1M	$13.1M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.9820	+0.358%	$33.8M	$46.0M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	8.9800	+0.335%	—	$58.1M	—	as long as short
Variational Omni UNI	+0.0100%	8h	8.8538	−1.075%	$4.1M	$4.0M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8780	−0.805%	$168K	$346K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8800	−0.782%	$615K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8660	−0.939%	$89K	$710K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.9090	−0.458%	$16K	$3.5M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.9350	−0.168%	$105K	$615K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.9460	−0.045%	$17K	$2.4M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.9506	+0.007%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.9506	+0.007%	$32K	$893K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.9500	0.000%	$709K	$4.7M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.9530	+0.034%	$27.0M	$4.4M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.9782	+0.315%	$299K	$1.8M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.9506	+0.007%	$32K	—	3x	as long as short
Hyperliquid UNI	+0.0151%	1h	8.9856	+0.398%	$96.3M	$66.8M	10x	as long as short
Backpack UNI_USDC_PERP	+0.0154%	1h	8.9626	+0.141%	$1.1M	$2.5M	10x	as long as short
Coinbase International UNI-PERP-INTXshort	+0.0208%	1h	8.9580	+0.089%	$934K	$5.5M	50x
BloFin UNI-USDTlong	+0.0220%	8h	8.9500	long leg	$10.3M	$3.7M	75x
Deribit UNI_USDC-PERPETUAL	+0.0321%	1h	8.9569	+0.077%	$593K	$273K	50x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	8.9544	+0.049%	$637K	—	120x	as long as short
Reya UNIRUSDPERP	+0.0383%	1h	8.9372	−0.143%	$16K	—	20x	as long as short
Aftermath Perps UNIUSD	+0.0442%	1h	8.8958	−0.606%	$1K	$52K	10x	as long as short
dYdX UNI-USD	+0.0569%	1h	8.9815	+0.352%	$236K	$31K	10x	as long as short