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

UNI

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Alert: funding
Measured
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
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Funding you earn now, next payment 21:00 UTC−0.0200%/8h= −21.9% APRnext payment −$0.25 per $10,000 · paid last 24h −0.025%
Price spread now: Deribit against Coinbase International+0.011%7-day average +0.031% · you sell dearer than you buy
Net, funding: paid 7d − costs−$59as in the Funding arb table
Net, price: spread back to 7d avg − costs−$67as in the Price arb table
costs, in and out, $10k−$660.655% of the position
Long on Coinbase InternationalShort on Deribit
What this pair did over the last
the charts below follow
Funding, last 7 days+0.064%+$6 on $10k
Price spread, last 3 days (all we have)+0.190%+$19 · spread now +0.011%, 7d avg +0.031%
Together, before fees+0.254%+$25 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.031%, so right now this pair is about funding alone: −$6 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.064%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.064% in total (about 3.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.25 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International UNI-PERP-INTX8.83900.0200pay 0.0025% / 1h46m 42s$1.0M$5.3M50x
ShortDeribit UNI_USDC-PERPETUAL8.84000get 0.0000% / 1h46m 42s$552K$125K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Deribit against Coinbase International. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$42
Price spread: +0.011% → +0.031%
−$1.95
Slippage, 4 orders
−$48.53
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee Deribit: 3.5 bp × 2 orders
−$7
Net
−$109.48
Costs to cover
0.655%
Break-even
never at this rate
Slippage from Coinbase International: live order book, 2 min ago; Deribit: live order book, 42 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 Coinbase International live order book, 2 min ago2.83 bp11.1 bp −$1116.1 bp −$161doesn't fitdoesn't fit
Sell Deribit live order book, 42 min ago5.99 bp20.8 bp −$2154.5 bp −$545doesn'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
Variational Omni UNI−0.0200%8h8.7965−0.480%$3.9M$4.6M—as long as short
Bybit UNIUSDT−0.0185%8h8.8280−0.124%$102.8M$103.9M75xas long as short
01 Exchange UNIUSD−0.0040%1h8.8343−0.053%$441—10xas long as short
Deribit UNI_USDC-PERPETUALshort0.0000%1h8.8400+0.011%$552K$125K50x
gTrade (Gains Network) UNI/USDL +0.0004% / S −0.0006%1h8.8386−0.004%$80K—150xas long as short
OKX UNI-USDT-SWAP+0.0007%8h8.8300−0.102%$54.4M$244.9M50xas long as short
Paradex UNI-USD-PERP+0.0100%8h8.8243−0.167%$25K—20xas long as short
Nado UNI-PERP+0.0100%1h8.8315−0.085%$849K$3.9M10xas long as short
Aster UNIUSDT+0.0100%8h8.8350−0.046%$1.0M$3.4M50xas long as short
Pacifica UNI+0.0100%1h8.8265−0.141%$296K$559K10xas long as short
Show all 40 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance UNIUSDT+0.0100%8h8.8300−0.102%$216.3M$592.9M75xas long as short
Arcus UNI-USD+0.0100%1h8.8380−0.011%$273K$605K10xas long as short
Gate UNI_USDT+0.0100%8h8.8310−0.091%$22.9M$58.9M75xas long as short
MEXC UNI_USDT+0.0100%8h8.8300−0.102%$42.8M$24.4M200xas long as short
KuCoin UNIUSDTM+0.0100%8h8.8320−0.079%$13.8M$13.6M75xas long as short
Bitget UNIUSDT+0.0100%8h8.8270−0.136%$31.9M$41.0M75xas long as short
BingX UNI-USDC+0.0100%8h8.8300−0.102%—$6.5M—as long as short
Backpack UNI_USDC_PERP+0.0100%1h8.8299−0.103%$976K$2.4M10xas long as short
edgeX UNIUSDC+0.0100%4h8.8078−0.353%$166K$343K20xas long as short
GRVT UNI_USDT_Perp+0.0100%8h8.8080−0.351%$613K$2.6M10xas long as short
ApeX Omni UNIUSDT+0.0100%1h8.8070−0.362%$83K$713K50xas long as short
StandX UNI-USD+0.0100%1h8.8170−0.249%$105K$3.2M20xas long as short
Polymarket Perps UNI-USD+0.0100%1h8.8355−0.040%$87K$324K10xas long as short
Orderly PERP_UNI_USDC+0.0100%8h8.8340−0.057%$16K$1.7M10xas long as short
SunX UNI-USDT+0.0100%8h8.8385−0.006%$36K$1.3M30xas long as short
SoDEX UNI-USD+0.0100%1h8.8290−0.113%$28K$659K10xas long as short
HTX UNI-USDT+0.0100%8h8.8493+0.117%$723K$4.3M75xas long as short
Phemex UNIUSDT+0.0100%8h8.8340−0.057%$26.6M$4.4M50xas long as short
Extended UNI-USD+0.0104%1h8.8255−0.152%$299K$1.4M25xas long as short
Aevo UNI-PERP+0.0104%1h8.8342−0.054%$31K$1K3xas long as short
dYdX UNI-USD+0.0142%1h8.8350−0.045%$245K$5K10xas long as short
Coinbase International UNI-PERP-INTXlong+0.0200%1h8.8390long leg$1.0M$5.3M50x
BloFin UNI-USDT+0.0220%8h8.8250−0.158%$9.8M$3.3M75xas long as short
Kraken Futures PF_UNIUSD+0.0269%1h8.8370−0.023%$4.9M$7.1M50xas long as short
Hyperliquid UNI+0.0346%1h8.8414+0.027%$96.0M$59.7M10xas long as short
Reya UNIRUSDPERP+0.0359%1h8.8327−0.072%$16K—20xas long as short
GMX UNI/USD [UNI-USDC]L +0.0380% / S −0.0320%1h8.8377−0.014%$554K—120xas long as short
Lighter UNI+0.0448%1h8.8497+0.121%$4.5M$5.3M15xas long as short
Aftermath Perps UNIUSD+0.0469%1h8.8203−0.211%$1K$50K10xas long as short
Injective UNI/USDC PERP+0.2702%1h8.7900−0.554%$657$97K12xas long as short