Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0212%/8h= −23.2% APRpaid last 24h −0.030%

Price spread now: edgeX against Coinbase International−0.506%77s7-day average −0.016% · you buy dearer than you sell

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$420.417% of the position

Long on Coinbase International Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.173%+$17 on $10k

Price spread, last 3 days (all we have)+0.365%+$37 · spread now −0.506%, 7d avg −0.016%

Together, before fees+0.539%+ Points / potential airdropedgeX: Active · farm board+$54 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and edgeX is 0.490% cheaper against Coinbase International than usual: you would sell low and buy high (−$49 if the spread goes back to its 7-day average of −0.016%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.173%, so the current rate has only just turned against you. The two prices were read 77 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International UNI-PERP-INTX	9.1250	0.0312	pay 0.0039% / 1h	5m 58s	$1.1M	$4.8M	50x
Short	edgeX UNIUSDC	9.0788	0.0100	get 0.0050% / 4h	2h 05m	$171K	$344K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.506%Rate

Funding earned: −$44.52
Price spread: −0.506% → −0.016%: −$49
Slippage, 4 orders: −$22.7
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$135.22
Costs to cover: 0.417%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 3 min ago; edgeX: live order book, 62 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	6.59 bp	14.6 bp −$15	19.3 bp −$193	doesn't fit	doesn't fit
Sell edgeX live order book, 62 min ago	2.19 bp	6.7 bp −$7	18.2 bp −$182	doesn't fit	doesn't fit

UNI on 39 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	9.1219	−0.034%	$19K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−3.233%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0072%	1h	9.1235	−0.016%	$455	$5	10x	as long as short
dYdX UNI-USD	+0.0083%	1h	9.1232	−0.020%	$240K	$30K	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.1125	−0.137%	$967K	$4.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.1380	+0.143%	$1.1M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.1239	−0.012%	$298K	$568K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.1390	+0.154%	$228.7M	$611.0M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.1320	+0.077%	$102.4M	$107.7M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.1310	+0.066%	$56.5M	$255.8M	50x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus UNI-USD	+0.0100%	1h	9.1290	+0.044%	$289K	$640K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.1350	+0.110%	$23.5M	$59.4M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.1350	+0.110%	$49.9M	$26.4M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.1350	+0.110%	$13.8M	$12.8M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.1340	+0.099%	$33.5M	$42.8M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	9.1350	+0.110%	—	$56.9M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.1299	+0.054%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.1159	−0.100%	$4.2M	$4.3M	—	as long as short
edgeX UNIUSDCshort	+0.0100%	4h	9.0788	−0.506%	$171K	$344K	20x
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0830	−0.460%	$639K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0740	−0.559%	$89K	$699K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.1080	−0.186%	$56K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.1213	−0.041%	$87K	$410K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.1240	−0.011%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.1300	+0.055%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.1241	−0.010%	$22K	$728K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.1344	+0.103%	$726K	$4.2M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.1270	+0.022%	$27.6M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.1146	−0.114%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.1333	+0.091%	$303K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.1253	+0.003%	$32K	—	3x	as long as short
Hyperliquid UNI	+0.0241%	1h	9.1420	+0.186%	$99.4M	$58.9M	10x	as long as short
Coinbase International UNI-PERP-INTXlong	+0.0312%	1h	9.1250	long leg	$1.1M	$4.8M	50x
Deribit UNI_USDC-PERPETUAL	+0.0319%	1h	9.1291	+0.045%	$592K	$188K	50x	as long as short
Reya UNIRUSDPERP	+0.0369%	1h	9.1144	−0.116%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.1220	−0.033%	$649K	—	120x	as long as short
Kraken Futures PF_UNIUSD	+0.0420%	1h	9.1292	+0.046%	$5.1M	$6.9M	50x	as long as short
Lighter UNI	+0.0504%	1h	9.1419	+0.185%	$4.7M	$5.3M	15x	as long as short
Aftermath Perps UNIUSD	+0.0952%	1h	9.1163	−0.095%	$1K	$48K	10x	as long as short