UNI

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0128%/8h= −14.0% APRnext payment −$0.16 per $10,000 · paid last 24h −0.020%

Price spread now: Extended against Coinbase International−0.124%7-day average −0.094% · you buy dearer than you sell

Net, funding: paid 7d − costs−$12as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$340.342% of the position

Long on Coinbase International Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.219%+$22 on $10k

Price spread, last 3 days (all we have)−0.031%−$3 · spread now −0.124%, 7d avg −0.094%

Together, before fees+0.188%+ Points / potential airdropExtended: Active · farm board+$19 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Extended is 0.029% cheaper against Coinbase International than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.094%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.219%, 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	8.9920	0.0232	pay 0.0029% / 1h	30m 14s	$1.1M	$5.4M	50x
Short	Extended UNI-USD	8.9809	0.0104	get 0.0013% / 1h	30m 14s	$303K	$1.5M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.124%Rate

Funding earned: −$26.88
Price spread: −0.124% → −0.094%: −$2.92
Slippage, 4 orders: −$19.2
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$64.01
Costs to cover: 0.342%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 4 min ago; Extended: 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, 4 min ago	2.22 bp	11.5 bp −$12	18.1 bp −$181	doesn't fit	doesn't fit
Sell Extended live order book, 3 min ago	0.11 bp	3.8 bp −$4	8.4 bp −$84	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
Injective UNI/USDC PERP	−0.0049%	1h	8.8300	−1.802%	$660	$155K	12x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	8.9846	−0.083%	$62K	—	150x	as long as short
Variational Omni UNI	+0.0041%	8h	9.0035	+0.127%	$4.1M	$4.4M	—	as long as short
dYdX UNI-USD	+0.0057%	1h	8.9938	+0.020%	$249K	$6K	10x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0057%	1h	8.9878	−0.047%	$579K	$176K	50x	as long as short
Bybit UNIUSDT	+0.0081%	8h	8.9860	−0.067%	$102.1M	$105.0M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0088%	8h	8.9840	−0.089%	$55.1M	$249.0M	50x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.9875	−0.050%	$954K	$4.2M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.9870	−0.056%	$1.0M	$3.3M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.9925	+0.005%	$298K	$591K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance UNIUSDT	+0.0100%	8h	8.9890	−0.033%	$222.3M	$589.7M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.9950	+0.033%	$278K	$620K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.9820	−0.111%	$23.0M	$58.7M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.9900	−0.022%	$43.7M	$24.0M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.9880	−0.044%	$13.6M	$13.5M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.9820	−0.111%	$32.8M	$42.0M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	8.9820	−0.111%	—	$51.9M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.0064	+0.160%	$1.0M	$2.4M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.0166	+0.273%	$169K	$344K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0169	+0.277%	$637K	$2.5M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0300	+0.423%	$89K	$712K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0030	+0.122%	$36K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.9885	−0.039%	$86K	$361K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.9850	−0.078%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.9968	+0.053%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.9855	−0.072%	$25K	$674K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.0040	+0.133%	$718K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.9900	−0.022%	$27.1M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.9883	−0.041%	$26K	—	20x	as long as short
Extended UNI-USDshort	+0.0104%	1h	8.9809	−0.124%	$303K	$1.5M	25x
Aevo UNI-PERP	+0.0104%	1h	8.9851	−0.077%	$32K	$1K	3x	as long as short
01 Exchange UNIUSD	+0.0184%	1h	8.9899	−0.023%	$449	—	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.9970	+0.056%	$10.1M	$3.5M	75x	as long as short
Coinbase International UNI-PERP-INTXlong	+0.0232%	1h	8.9920	long leg	$1.1M	$5.4M	50x
Reya UNIRUSDPERP	+0.0364%	1h	8.9846	−0.082%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0380% / S −0.0320%	1h	8.9835	−0.095%	$565K	—	120x	as long as short
Hyperliquid UNI	+0.0561%	1h	8.9993	+0.081%	$98.7M	$59.0M	10x	as long as short
Kraken Futures PF_UNIUSD	+0.0563%	1h	8.9908	−0.013%	$5.0M	$7.0M	50x	as long as short
Aftermath Perps UNIUSD	+0.0804%	1h	9.0162	+0.269%	$1K	$49K	10x	as long as short
Lighter UNI	+0.0936%	1h	9.0058	+0.153%	$4.6M	$5.2M	15x	as long as short