Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0148%/8h= −16.2% APRpaid last 24h −0.035%

Price spread now: Gate against Coinbase International−0.088%7-day average −0.033% · you buy dearer than you sell

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs−$56as in the Price arb table

costs, in and out, $10k−$510.509% of the position

Long on Coinbase International Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.056%+$6 on $10k

Price spread, last 4 days (all we have)−0.217%−$22 · spread now −0.088%, 7d avg −0.033%

Together, before fees−0.161%−$16 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 Gate is 0.055% cheaper against Coinbase International than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.033%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.056%, 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	9.0610	0.0248	pay 0.0031% / 1h	4m 55s	$950K	$5.8M	50x
Short	Gate UNI_USDT	9.0530	0.0100	get 0.0100% / 8h	4h 04m	$23.6M	$64.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.088%Rate

Funding earned: −$31.08
Price spread: −0.088% → −0.033%: −$5.49
Slippage, 4 orders: −$25.92
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$87.49
Costs to cover: 0.509%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 4 min ago; Gate: live order book, 4 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	4.97 bp	12.1 bp −$12	19.1 bp −$191	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	1.66 bp	12.6 bp −$13	19.5 bp −$195	40.8 bp −$4,083	64.6 bp −$32.3K

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	9.0559	−0.056%	$37K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−2.549%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0056%	1h	9.0626	+0.018%	$452	$5	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.0580	−0.033%	$963K	$4.4M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.0560	−0.055%	$815K	$3.5M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.0525	−0.094%	$293K	$600K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.0548	−0.069%	$222.4M	$639.1M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.0520	−0.099%	$101.7M	$111.2M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.0520	−0.099%	$55.2M	$261.5M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.0690	+0.088%	$314K	$650K	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_USDTshort	+0.0100%	8h	9.0530	−0.088%	$23.6M	$64.0M	75x
MEXC UNI_USDT	+0.0100%	8h	9.0520	−0.099%	$47.7M	$25.5M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0530	−0.088%	$13.5M	$13.2M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0490	−0.132%	$33.4M	$45.0M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.0520	−0.099%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.0589	−0.023%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.0449	−0.177%	$4.2M	$4.1M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.0511	−0.110%	$171K	$345K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0530	−0.088%	$641K	$2.8M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0510	−0.110%	$95K	$701K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0490	−0.132%	$15K	$3.4M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.0580	−0.033%	$86K	$430K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.0530	−0.088%	$16K	$1.5M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.0569	−0.045%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.0525	−0.094%	$22K	$792K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.0558	−0.057%	$724K	$4.7M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.0540	−0.077%	$27.4M	$4.4M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.0565	−0.049%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0494	−0.128%	$293K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0555	−0.061%	$32K	—	3x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0161%	1h	9.0588	−0.024%	$580K	$207K	50x	as long as short
dYdX UNI-USD	+0.0176%	1h	9.0575	−0.039%	$238K	$30K	10x	as long as short
Lighter UNI	+0.0208%	1h	9.0643	+0.036%	$4.6M	$5.8M	15x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.0520	−0.099%	$10.3M	$3.6M	75x	as long as short
Coinbase International UNI-PERP-INTXlong	+0.0248%	1h	9.0610	long leg	$950K	$5.8M	50x
Kraken Futures PF_UNIUSD	+0.0270%	1h	9.0575	−0.039%	$5.0M	$8.0M	50x	as long as short
Hyperliquid UNI	+0.0316%	1h	9.0628	+0.020%	$98.2M	$62.4M	10x	as long as short
Reya UNIRUSDPERP	+0.0373%	1h	9.0535	−0.083%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.0564	−0.051%	$645K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0940%	1h	9.0680	+0.077%	$874	$46K	10x	as long as short