Funding you earn now, next payment 22:00 UTC+0.0111%/8h= +12.2% APRnext payment +$0.14 per $10,000 · paid last 24h +0.022%
Price spread now: Hyperliquid against Coinbase International+0.077%7-day average +0.078% · you sell dearer than you buy
Net, funding: paid 7d − costs−$11as in the Funding arb table
Net, price: spread back to 7d avg − costs−$44as in the Price arb table
costs, in and out, $10k−$440.442% of the position
Funding, last 7 days+0.336%+$34 on $10k
+Price spread, last 3 days (all we have)−0.054%−$5 · spread now +0.077%, 7d avg +0.078%
=Together, before fees+0.282%+ Points / potential airdropHyperliquid: Season 2 · farm board+$28 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.078%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International UNI-PERP-INTX | 8.8500 | 0.0224 | pay 0.0028% / 1h | 39m 08s | $1.0M | $5.3M | 50x |
| Short | Hyperliquid UNI | 8.8568 | 0.0335 | get 0.0042% / 1h | 39m 08s | $96.9M | $59.1M | 10x |
Coinbase International UNI-PERP-INTX
Hyperliquid UNIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $23.38
- Price spread: +0.077% → +0.078%
- −$0.16
- Slippage, 4 orders
- −$25.24
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$21.02
- Costs to cover
- 0.442%
- Break-even
- 13.3 days
Slippage from Coinbase International: live order book, 5 min ago; Hyperliquid: live order book, 5 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, 5 min ago | 3.97 bp | 13.4 bp −$13 | 18.6 bp −$186 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 5 min ago | 0.40 bp | 7.5 bp −$8 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni UNI | −0.0078% | 8h | 8.8285 | −0.243% | $3.9M | $4.6M | — | as long as short |
| Bybit UNIUSDT | −0.0027% | 8h | 8.8390 | −0.124% | $100.9M | $104.4M | 75x | as long as short |
| Deribit UNI_USDC-PERPETUAL | 0.0000% | 1h | 8.8490 | −0.012% | $563K | $157K | 50x | as long as short |
| gTrade (Gains Network) UNI/USD | L +0.0004% / S −0.0006% | 1h | 8.8468 | −0.037% | $80K | — | 150x | as long as short |
| Injective UNI/USDC PERP | +0.0033% | 1h | 8.7900 | −0.678% | $657 | $96K | 12x | as long as short |
| OKX UNI-USDT-SWAP | +0.0037% | 8h | 8.8370 | −0.147% | $54.7M | $243.6M | 50x | as long as short |
| 01 Exchange UNIUSD | +0.0048% | 1h | 8.8504 | +0.005% | $442 | — | 10x | as long as short |
| Paradex UNI-USD-PERP | +0.0100% | 8h | 8.8442 | −0.066% | $25K | — | 20x | as long as short |
| Nado UNI-PERP | +0.0100% | 1h | 8.8475 | −0.028% | $849K | $3.9M | 10x | as long as short |
| Aster UNIUSDT | +0.0100% | 8h | 8.8534 | +0.039% | $1.0M | $3.4M | 50x | as long as short |
Variational Omni UNI
Bybit UNIUSDT
Deribit UNI_USDC-PERPETUAL
gTrade (Gains Network) UNI/USD
Injective UNI/USDC PERP
OKX UNI-USDT-SWAP
01 Exchange UNIUSD
Paradex UNI-USD-PERP
Nado UNI-PERP
Aster UNIUSDTShow all 40 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica UNI | +0.0100% | 1h | 8.8486 | −0.016% | $297K | $570K | 10x | as long as short |
| Binance UNIUSDT | +0.0100% | 8h | 8.8401 | −0.112% | $217.1M | $588.4M | 75x | as long as short |
| Arcus UNI-USD | +0.0100% | 1h | 8.8500 | 0.000% | $273K | $606K | 10x | as long as short |
| Gate UNI_USDT | +0.0100% | 8h | 8.8450 | −0.056% | $23.0M | $58.4M | 75x | as long as short |
| MEXC UNI_USDT | +0.0100% | 8h | 8.8470 | −0.034% | $42.7M | $24.4M | 200x | as long as short |
| KuCoin UNIUSDTM | +0.0100% | 8h | 8.8430 | −0.079% | $13.5M | $13.8M | 75x | as long as short |
| Bitget UNIUSDT | +0.0100% | 8h | 8.8420 | −0.090% | $32.1M | $41.3M | 75x | as long as short |
| BingX UNI-USDC | +0.0100% | 8h | 8.8430 | −0.079% | — | $6.5M | — | as long as short |
| Backpack UNI_USDC_PERP | +0.0100% | 1h | 8.8481 | −0.021% | $981K | $2.3M | 10x | as long as short |
| edgeX UNIUSDC | +0.0100% | 4h | 8.8253 | −0.279% | $166K | $342K | 20x | as long as short |
| GRVT UNI_USDT_Perp | +0.0100% | 8h | 8.8239 | −0.295% | $612K | $2.5M | 10x | as long as short |
| ApeX Omni UNIUSDT | +0.0100% | 1h | 8.8240 | −0.294% | $87K | $714K | 50x | as long as short |
| StandX UNI-USD | +0.0100% | 1h | 8.8340 | −0.181% | $105K | $3.2M | 20x | as long as short |
| Polymarket Perps UNI-USD | +0.0100% | 1h | 8.8484 | −0.018% | $87K | $351K | 10x | as long as short |
| Orderly PERP_UNI_USDC | +0.0100% | 8h | 8.8450 | −0.056% | $16K | $1.7M | 10x | as long as short |
| SunX UNI-USDT | +0.0100% | 8h | 8.8506 | +0.007% | $36K | $1.3M | 30x | as long as short |
| SoDEX UNI-USD | +0.0100% | 1h | 8.8420 | −0.090% | $25K | $666K | 10x | as long as short |
| HTX UNI-USDT | +0.0100% | 8h | 8.8576 | +0.086% | $727K | $4.3M | 75x | as long as short |
| Phemex UNIUSDT | +0.0100% | 8h | 8.8410 | −0.102% | $26.6M | $4.5M | 50x | as long as short |
| Extended UNI-USD | +0.0104% | 1h | 8.8390 | −0.124% | $300K | $1.4M | 25x | as long as short |
| Aevo UNI-PERP | +0.0104% | 1h | 8.8435 | −0.073% | $31K | $1K | 3x | as long as short |
| dYdX UNI-USD | +0.0125% | 1h | 8.8499 | −0.001% | $245K | $6K | 10x | as long as short |
| BloFin UNI-USDT | +0.0220% | 8h | 8.8400 | −0.113% | $9.8M | $3.3M | 75x | as long as short |
| Coinbase International UNI-PERP-INTXlong | +0.0224% | 1h | 8.8500 | long leg | $1.0M | $5.3M | 50x | |
| Hyperliquid UNIshort | +0.0335% | 1h | 8.8568 | +0.077% | $96.9M | $59.1M | 10x | |
| Kraken Futures PF_UNIUSD | +0.0342% | 1h | 8.8512 | +0.013% | $4.9M | $7.0M | 50x | as long as short |
| Reya UNIRUSDPERP | +0.0362% | 1h | 8.8465 | −0.040% | $16K | — | 20x | as long as short |
| GMX UNI/USD [UNI-USDC] | L +0.0379% / S −0.0319% | 1h | 8.8467 | −0.037% | $554K | — | 120x | as long as short |
| Lighter UNI | +0.0584% | 1h | 8.8631 | +0.148% | $4.5M | $5.2M | 15x | as long as short |
| Aftermath Perps UNIUSD | +0.0618% | 1h | 8.8251 | −0.281% | $1K | $49K | 10x | as long as short |
Pacifica UNI
Binance UNIUSDT
Arcus UNI-USD
Gate UNI_USDT
MEXC UNI_USDT
KuCoin UNIUSDTM
Bitget UNIUSDT
BingX UNI-USDC
Backpack UNI_USDC_PERP
edgeX UNIUSDC
GRVT UNI_USDT_Perp
ApeX Omni UNIUSDT
StandX UNI-USD
Polymarket Perps UNI-USD
Orderly PERP_UNI_USDC
SunX UNI-USDT
SoDEX UNI-USD
HTX UNI-USDT
Phemex UNIUSDT
Extended UNI-USD
Aevo UNI-PERP
dYdX UNI-USD
BloFin UNI-USDT
Kraken Futures PF_UNIUSD
Reya UNIRUSDPERP
GMX UNI/USD [UNI-USDC]
Lighter UNI
Aftermath Perps UNIUSD