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

UNI

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Measured
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Alert: spread
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Funding you earn now, next payment 02:00 UTC+0.0196%/8h= +21.5% APRpaid last 24h +0.059%
Price spread now: Coinbase International against Bybit+0.662%7-day average +0.088% · you sell dearer than you buy
Net, funding: paid 7d − costs−$50as in the Funding arb table
Net, price: spread back to 7d avg − costs+$15as in the Price arb table
costs, in and out, $10k−$420.424% of the position
Long on BybitShort on Coinbase International
What this pair did over the last
the charts below follow
Funding, last 7 days−0.071%−$7 on $10k
Price spread, last 4 days (all we have)−0.085%−$8 · spread now +0.662%, 7d avg +0.088%
Together, before fees−0.156%−$16 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Coinbase International is 0.574% dearer against Bybit than usual: you sell high and buy low: +$57 more if the spread goes back to its 7-day average of +0.088%. Mind the row above: over the last 7 days funding on this pair cost −0.071%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.071% in total (about -3.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit UNIUSDT9.21100.0100pay 0.0100% / 8h5h 16m$103.5M$109.4M75x
ShortCoinbase International UNI-PERP-INTX9.27200.0296get 0.0037% / 1h16m 38s$1.1M$5.4M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against Bybit. 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
$41.16
Price spread: +0.662% → +0.088%
$57.43
Slippage, 4 orders
−$21.38
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$56.22
Costs to cover
0.424%
Break-even
from the start
Slippage from Bybit: live order book, 2 min ago; Coinbase International: live order book, 2 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 Bybit live order book, 2 min ago0.54 bp10.9 bp −$1117.3 bp −$17337.3 bp −$3,726doesn't fit
Sell Coinbase International live order book, 2 min ago4.30 bp10.7 bp −$1122.4 bp −$224doesn't fitdoesn'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
gTrade (Gains Network) UNI/USDL +0.0004% / S −0.0006%1h9.2627+0.561%$49K—150xas long as short
Injective UNI/USDC PERP+0.0033%1h8.8300−4.136%$660$154K12xas long as short
01 Exchange UNIUSD+0.0056%1h9.2158+0.052%$460$510xas long as short
Nado UNI-PERP+0.0100%1h9.2120+0.011%$953K$4.3M10xas long as short
Aster UNIUSDT+0.0100%8h9.2236+0.137%$1.1M$2.9M50xas long as short
Pacifica UNI+0.0100%1h9.2225+0.125%$300K$573K10xas long as short
Binance UNIUSDT+0.0100%8h9.2120+0.011%$229.0M$619.3M75xas long as short
Bybit UNIUSDTlong+0.0100%8h9.2110long leg$103.5M$109.4M75x
OKX UNI-USDT-SWAP+0.0100%8h9.2100−0.011%$57.0M$258.3M50xas long as short
Arcus UNI-USD+0.0100%1h9.2230+0.130%$292K$614K10xas long as short
Show all 40 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate UNI_USDT+0.0100%8h9.2170+0.065%$23.6M$61.6M75xas long as short
MEXC UNI_USDT+0.0100%8h9.2200+0.098%$49.4M$25.3M200xas long as short
KuCoin UNIUSDTM+0.0100%8h9.2230+0.130%$13.9M$12.9M75xas long as short
Bitget UNIUSDT+0.0100%8h9.2140+0.033%$33.7M$43.3M75xas long as short
BingX UNI-USDT+0.0100%8h9.2150+0.043%—$56.5M—as long as short
Backpack UNI_USDC_PERP+0.0100%1h9.2557+0.485%$1.0M$2.3M10xas long as short
Variational Omni UNI+0.0100%8h9.1888−0.241%$4.3M$4.2M—as long as short
edgeX UNIUSDC+0.0100%4h9.2838+0.791%$175K$345K20xas long as short
GRVT UNI_USDT_Perp+0.0100%8h9.2848+0.801%$645K$2.6M10xas long as short
ApeX Omni UNIUSDT+0.0100%1h9.1920−0.206%$90K$693K50xas long as short
StandX UNI-USD+0.0100%1h9.2680+0.619%$50K$3.3M20xas long as short
Polymarket Perps UNI-USD+0.0100%1h9.2657+0.594%$89K$417K10xas long as short
Orderly PERP_UNI_USDC+0.0100%8h9.2620+0.554%$17K$1.7M10xas long as short
SunX UNI-USDT+0.0100%8h9.2610+0.543%$37K$1.3M30xas long as short
SoDEX UNI-USD+0.0100%1h9.2500+0.423%$22K$770K10xas long as short
HTX UNI-USDT+0.0100%8h9.2745+0.689%$723K$4.4M75xas long as short
Phemex UNIUSDT+0.0100%8h9.2640+0.575%$28.0M$4.5M50xas long as short
Paradex UNI-USD-PERP+0.0100%8h9.2140+0.033%$26K—20xas long as short
Extended UNI-USD+0.0104%1h9.2091−0.021%$309K$1.6M25xas long as short
Aevo UNI-PERP+0.0104%1h9.2577+0.507%$33K—3xas long as short
dYdX UNI-USD+0.0109%1h9.2214+0.112%$243K$31K10xas long as short
Deribit UNI_USDC-PERPETUAL+0.0111%1h9.2641+0.576%$593K$193K50xas long as short
BloFin UNI-USDT+0.0220%8h9.2660+0.597%$10.5M$3.6M75xas long as short
Kraken Futures PF_UNIUSD+0.0265%1h9.2589+0.520%$5.2M$7.6M50xas long as short
Coinbase International UNI-PERP-INTXshort+0.0296%1h9.2720+0.662%$1.1M$5.4M50x
Reya UNIRUSDPERP+0.0371%1h9.2596+0.527%$17K—20xas long as short
GMX UNI/USD [UNI-USDC]L +0.0381% / S −0.0244%1h9.2647+0.583%$660K—120xas long as short
Hyperliquid UNI+0.0552%1h9.2337+0.246%$100.3M$61.1M10xas long as short
Lighter UNI+0.0576%1h9.2331+0.240%$4.7M$5.8M15xas long as short
Aftermath Perps UNIUSD+0.0991%1h9.2338+0.247%$1K$47K10xas long as short