Funding you earn now, next payment 21:00 UTC−0.0187%/8h= −20.5% APRpaid last 24h −0.038%
Price spread now: OKX against Coinbase International+0.192%7-day average −0.051% · you sell dearer than you buy
Net, funding: paid 7d − costs−$34as in the Funding arb table
Net, price: spread back to 7d avg − costs−$19as in the Price arb table
costs, in and out, $10k−$430.429% of the position
Funding, last 7 days+0.091%+$9 on $10k
+Price spread, last 3 days (all we have)−0.525%−$52 · spread now +0.192%, 7d avg −0.051%
=The price spread pays, funding is against you. OKX is 0.243% dearer against Coinbase International than usual: you sell high and buy low (spread +0.192% now, against its 7-day average of −0.051%): +$24 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 4.3 days. Mind the row above: over the last 7 days funding on this pair paid +0.091%, 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 0.091% in total (about 4.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International UNI-PERP-INTX | 8.8640 | 0.0200 | pay 0.0025% / 1h | 33m 27s | $1.0M | $5.3M | 50x |
| Short | OKX UNI-USDT-SWAP | 8.8810 | 0.0013 | get 0.0013% / 8h | 2h 33m | $54.5M | $246.7M | 50x |
Coinbase International UNI-PERP-INTX
OKX UNI-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$39.27
- Price spread: +0.192% → −0.051%
- $24.3
- Slippage, 4 orders
- −$22.88
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$57.85
- Costs to cover
- 0.429%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 5 min ago; OKX: live order book, 6 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 | 5.09 bp | 13.4 bp −$13 | 20.2 bp −$202 | doesn't fit | doesn't fit |
| Sell OKX live order book, 6 min ago | 0.57 bp | 7.3 bp −$7 | 16.1 bp −$161 | 60.4 bp −$6,038 | 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 | −0.0185% | 8h | 8.8292 | −0.393% | $3.9M | $4.6M | — | as long as short |
| Bybit UNIUSDT | −0.0154% | 8h | 8.8830 | +0.214% | $101.9M | $105.2M | 75x | as long as short |
| 01 Exchange UNIUSD | 0.0000% | 1h | 8.8846 | +0.232% | $443 | — | 10x | as long as short |
| Deribit UNI_USDC-PERPETUAL | 0.0000% | 1h | 8.8567 | −0.082% | $553K | $125K | 50x | as long as short |
| gTrade (Gains Network) UNI/USD | L +0.0004% / S −0.0006% | 1h | 8.8540 | −0.113% | $80K | — | 150x | as long as short |
| OKX UNI-USDT-SWAPshort | +0.0013% | 8h | 8.8810 | +0.192% | $54.5M | $246.7M | 50x | |
| Paradex UNI-USD-PERP | +0.0100% | 8h | 8.8813 | +0.195% | $25K | — | 20x | as long as short |
| Nado UNI-PERP | +0.0100% | 1h | 8.8852 | +0.240% | $847K | $3.9M | 10x | as long as short |
| Aster UNIUSDT | +0.0100% | 8h | 8.8853 | +0.241% | $1.0M | $3.4M | 50x | as long as short |
| Pacifica UNI | +0.0100% | 1h | 8.8900 | +0.293% | $297K | $561K | 10x | as long as short |
Variational Omni UNI
Bybit UNIUSDT
01 Exchange UNIUSD
Deribit UNI_USDC-PERPETUAL
gTrade (Gains Network) UNI/USD
Paradex UNI-USD-PERP
Nado UNI-PERP
Aster UNIUSDT
Pacifica UNIShow all 40 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance UNIUSDT | +0.0100% | 8h | 8.8822 | +0.205% | $217.3M | $594.0M | 75x | as long as short |
| Arcus UNI-USD | +0.0100% | 1h | 8.8900 | +0.293% | $274K | $612K | 10x | as long as short |
| Gate UNI_USDT | +0.0100% | 8h | 8.8840 | +0.226% | $23.1M | $59.1M | 75x | as long as short |
| MEXC UNI_USDT | +0.0100% | 8h | 8.8970 | +0.372% | $43.1M | $24.5M | 200x | as long as short |
| KuCoin UNIUSDTM | +0.0100% | 8h | 8.8930 | +0.327% | $13.8M | $13.7M | 75x | as long as short |
| Bitget UNIUSDT | +0.0100% | 8h | 8.8780 | +0.158% | $32.3M | $41.3M | 75x | as long as short |
| BingX UNI-USDT | +0.0100% | 8h | 8.8820 | +0.203% | — | $49.8M | — | as long as short |
| Backpack UNI_USDC_PERP | +0.0100% | 1h | 8.8551 | −0.100% | $984K | $2.3M | 10x | as long as short |
| edgeX UNIUSDC | +0.0100% | 4h | 8.8490 | −0.170% | $166K | $343K | 20x | as long as short |
| GRVT UNI_USDT_Perp | +0.0100% | 8h | 8.8615 | −0.028% | $619K | $2.5M | 10x | as long as short |
| ApeX Omni UNIUSDT | +0.0100% | 1h | 8.8490 | −0.169% | $84K | $712K | 50x | as long as short |
| StandX UNI-USD | +0.0100% | 1h | 8.8560 | −0.090% | $105K | $3.2M | 20x | as long as short |
| Polymarket Perps UNI-USD | +0.0100% | 1h | 8.8555 | −0.096% | $87K | $323K | 10x | as long as short |
| Orderly PERP_UNI_USDC | +0.0100% | 8h | 8.8510 | −0.147% | $16K | $1.7M | 10x | as long as short |
| SunX UNI-USDT | +0.0100% | 8h | 8.8564 | −0.086% | $36K | $1.3M | 30x | as long as short |
| SoDEX UNI-USD | +0.0100% | 1h | 8.8505 | −0.152% | $25K | $661K | 10x | as long as short |
| HTX UNI-USDT | +0.0100% | 8h | 8.8657 | +0.019% | $724K | $4.3M | 75x | as long as short |
| Phemex UNIUSDT | +0.0100% | 8h | 8.8550 | −0.102% | $26.7M | $4.3M | 50x | as long as short |
| dYdX UNI-USD | +0.0100% | 1h | 8.8986 | +0.390% | $246K | $5K | 10x | as long as short |
| Extended UNI-USD | +0.0104% | 1h | 8.8800 | +0.180% | $300K | $1.4M | 25x | as long as short |
| Aevo UNI-PERP | +0.0104% | 1h | 8.8528 | −0.126% | $31K | $1K | 3x | as long as short |
| Coinbase International UNI-PERP-INTXlong | +0.0200% | 1h | 8.8640 | long leg | $1.0M | $5.3M | 50x | |
| BloFin UNI-USDT | +0.0220% | 8h | 8.8480 | −0.181% | $9.8M | $3.3M | 75x | as long as short |
| Kraken Futures PF_UNIUSD | +0.0269% | 1h | 8.8584 | −0.063% | $4.9M | $7.1M | 50x | as long as short |
| Hyperliquid UNI | +0.0312% | 1h | 8.8820 | +0.203% | $96.6M | $59.9M | 10x | as long as short |
| Reya UNIRUSDPERP | +0.0360% | 1h | 8.8493 | −0.166% | $16K | — | 20x | as long as short |
| GMX UNI/USD [UNI-USDC] | L +0.0379% / S −0.0320% | 1h | 8.8532 | −0.121% | $555K | — | 120x | as long as short |
| Aftermath Perps UNIUSD | +0.0475% | 1h | 8.8525 | −0.129% | $1K | $50K | 10x | as long as short |
| Lighter UNI | +0.0536% | 1h | 8.8922 | +0.318% | $4.5M | $5.4M | 15x | as long as short |
| Injective UNI/USDC PERP | +0.2702% | 1h | 8.7900 | −0.835% | $657 | $97K | 12x | as long as short |
Binance UNIUSDT
Arcus UNI-USD
Gate UNI_USDT
MEXC UNI_USDT
KuCoin UNIUSDTM
Bitget UNIUSDT
BingX UNI-USDT
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
dYdX UNI-USD
Extended UNI-USD
Aevo UNI-PERP
BloFin UNI-USDT
Kraken Futures PF_UNIUSD
Hyperliquid UNI
Reya UNIRUSDPERP
GMX UNI/USD [UNI-USDC]
Aftermath Perps UNIUSD
Lighter UNI
Injective UNI/USDC PERP