UNI

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0148%/8h= −16.2% APRnext payment −$0.19 per $10,000 · paid last 24h −0.030%

Price spread now: Backpack against Coinbase International+0.105%7-day average +0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$450.453% of the position

Long on Coinbase International Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days+0.155%+$16 on $10k

Price spread, last 4 days (all we have)−0.554%−$55 · spread now +0.105%, 7d avg +0.015%

Together, before fees−0.399%−$40 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Backpack is 0.090% dearer against Coinbase International than usual: you sell high and buy low (spread +0.105% now, against its 7-day average of +0.015%): +$9 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 2.0 days. Mind the row above: over the last 7 days funding on this pair paid +0.155%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International UNI-PERP-INTX	9.1510	0.0248	pay 0.0031% / 1h	55m 39s	$1.1M	$5.4M	50x
Short	Backpack UNI_USDC_PERP	9.1606	0.0100	get 0.0013% / 1h	55m 39s	$1.0M	$2.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Coinbase International. 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 Coinbase InternationalbpFee BackpackbpOrdersPrice spread, now +0.105%Rate

Funding earned: −$31.08
Price spread: +0.105% → +0.015%: $9
Slippage, 4 orders: −$25.31
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$67.38
Costs to cover: 0.453%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 3 min ago; Backpack: 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 Coinbase International live order book, 3 min ago	3.28 bp	18.8 bp −$19	24.4 bp −$244	doesn't fit	doesn't fit
Sell Backpack live order book, 3 min ago	0.05 bp	5.5 bp −$5	584.6 bp −$5,846	doesn't fit	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	9.1540	+0.033%	$37K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−3.508%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0056%	1h	9.1428	−0.090%	$456	$5	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.1370	−0.153%	$927K	$4.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.1448	−0.067%	$1.0M	$3.0M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.1341	−0.184%	$298K	$589K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.1360	−0.164%	$226.0M	$626.0M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.1320	−0.208%	$102.5M	$110.7M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.1410	−0.109%	$56.0M	$258.8M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.1510	0.000%	$290K	$618K	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	9.1330	−0.197%	$23.2M	$62.0M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.1390	−0.131%	$49.5M	$25.1M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.1320	−0.208%	$13.7M	$13.1M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.1390	−0.131%	$33.6M	$43.8M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	9.1430	−0.087%	—	$56.5M	—	as long as short
Backpack UNI_USDC_PERPshort	+0.0100%	1h	9.1606	+0.105%	$1.0M	$2.3M	10x
Variational Omni UNI	+0.0100%	8h	9.1490	−0.022%	$4.3M	$4.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.0960	−0.601%	$171K	$343K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.1208	−0.330%	$635K	$2.7M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.1310	−0.219%	$89K	$695K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.1160	−0.382%	$36K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.1447	−0.069%	$88K	$422K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.1550	+0.044%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.1417	−0.102%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.1590	+0.087%	$22K	$781K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.1660	+0.164%	$721K	$4.5M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.1570	+0.066%	$27.7M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0101%	8h	9.1272	−0.260%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.1380	−0.142%	$301K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.1580	+0.076%	$32K	—	3x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.1140	−0.404%	$10.4M	$3.6M	75x	as long as short
Coinbase International UNI-PERP-INTXlong	+0.0248%	1h	9.1510	long leg	$1.1M	$5.4M	50x
dYdX UNI-USD	+0.0256%	1h	9.1324	−0.203%	$240K	$30K	10x	as long as short
Kraken Futures PF_UNIUSD	+0.0267%	1h	9.1627	+0.128%	$5.1M	$7.8M	50x	as long as short
Lighter UNI	+0.0352%	1h	9.1423	−0.095%	$4.6M	$5.8M	15x	as long as short
Reya UNIRUSDPERP	+0.0371%	1h	9.1418	−0.101%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.1505	−0.005%	$651K	—	120x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0412%	1h	9.1647	+0.150%	$587K	$193K	50x	as long as short
Hyperliquid UNI	+0.0467%	1h	9.1477	−0.036%	$99.5M	$62.2M	10x	as long as short
Aftermath Perps UNIUSD	+0.1005%	1h	9.1269	−0.263%	$1K	$47K	10x	as long as short