Settings8H · net · $10k
Funding arb · Price arb /

UNI

all UNI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC−0.0124%/8h= −13.6% APRnext payment $0.15 per $10,000 · paid last 24h −0.018%
Price spread now: StandX against Coinbase International−0.202%7-day average +0.020% · you buy dearer than you sell
Net, funding: paid 7d − costs−$33as in the Funding arb table
Net, price: spread back to 7d avg − costs−$74as in the Price arb table
costs, in and out, $10k−$520.518% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.186%+$19 on $10k
Price spread, last 3 days (all we have)+0.055%+$5 · spread now −0.202%, 7d avg +0.020%
Together, before fees+0.241%+ Points / potential airdropStandX: Active · farm board+$24 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 StandX is 0.223% cheaper against Coinbase International than usual: you would sell low and buy high (−$22 if the spread goes back to its 7-day average of +0.020%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.186%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International UNI-PERP-INTX8.88900.0224pay 0.0028% / 1h21m 58s$1.1M$5.3M50x
ShortStandX UNI-USD8.87100.0100get 0.0013% / 1h21m 58s$106K$3.2M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

StandX 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

Funding earned
−$26.04
Price spread: −0.202% → +0.020%
−$22.26
Slippage, 4 orders
−$33.79
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee StandX: 4 bp × 2 orders
−$8
Net
−$100.09
Costs to cover
0.518%
Break-even
never at this rate
Slippage from Coinbase International: live order book, 2 min ago; StandX: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Coinbase International live order book, 2 min ago2.26 bp9.4 bp −$915.4 bp −$154doesn't fitdoesn't fit
Sell StandX live order book, 2 min ago6.20 bp13.6 bp −$1445.0 bp −$450doesn't fitdoesn't fit

UNI on 40 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni UNI−0.0057%8h8.8474−0.468%$3.9M$4.5Mas long as short
Bybit UNIUSDT−0.0003%8h8.8880−0.011%$101.4M$104.5M75xas long as short
gTrade (Gains Network) UNI/USDL +0.0004% / S −0.0004%1h8.8904+0.016%$62K150xas long as short
Injective UNI/USDC PERP+0.0033%1h8.8300−0.664%$660$155K12xas long as short
OKX UNI-USDT-SWAP+0.0048%8h8.8870−0.022%$55.0M$245.1M50xas long as short
01 Exchange UNIUSD+0.0056%1h8.8885−0.006%$44410xas long as short
Paradex UNI-USD-PERP+0.0100%8h8.8798−0.104%$25K20xas long as short
Nado UNI-PERP+0.0100%1h8.8845−0.051%$941K$4.0M10xas long as short
Aster UNIUSDT+0.0100%8h8.8934+0.049%$1.0M$3.3M50xas long as short
Pacifica UNI+0.0100%1h8.8818−0.081%$298K$570K10xas long as short
Show all 40 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance UNIUSDT+0.0100%8h8.8920+0.034%$218.2M$588.4M75xas long as short
Arcus UNI-USD+0.0100%1h8.8910+0.022%$283K$615K10xas long as short
Gate UNI_USDT+0.0100%8h8.8920+0.034%$23.1M$58.6M75xas long as short
MEXC UNI_USDT+0.0100%8h8.8900+0.011%$42.9M$24.5M200xas long as short
KuCoin UNIUSDTM+0.0100%8h8.8910+0.022%$13.6M$13.7M75xas long as short
Bitget UNIUSDT+0.0100%8h8.8900+0.011%$32.2M$41.4M75xas long as short
BingX UNI-USDT+0.0100%8h8.8900+0.011%$51.7Mas long as short
Backpack UNI_USDC_PERP+0.0100%1h8.8929+0.044%$988K$2.3M10xas long as short
edgeX UNIUSDC+0.0100%4h8.8599−0.327%$167K$343K20xas long as short
GRVT UNI_USDT_Perp+0.0100%8h8.8775−0.129%$626K$2.5M10xas long as short
ApeX Omni UNIUSDT+0.0100%1h8.8740−0.169%$88K$712K50xas long as short
StandX UNI-USDshort+0.0100%1h8.8710−0.202%$106K$3.2M20x
Polymarket Perps UNI-USD+0.0100%1h8.8866−0.027%$86K$353K10xas long as short
Orderly PERP_UNI_USDC+0.0100%8h8.8860−0.034%$16K$1.7M10xas long as short
SunX UNI-USDT+0.0100%8h8.8910+0.022%$36K$1.3M30xas long as short
SoDEX UNI-USD+0.0100%1h8.8870−0.022%$25K$666K10xas long as short
HTX UNI-USDT+0.0100%8h8.8960+0.079%$730K$4.3M75xas long as short
Phemex UNIUSDT+0.0100%8h8.8850−0.045%$26.7M$4.4M50xas long as short
Extended UNI-USD+0.0104%1h8.8878−0.014%$301K$1.4M25xas long as short
Aevo UNI-PERP+0.0104%1h8.8895+0.006%$32K$1K3xas long as short
Deribit UNI_USDC-PERPETUAL+0.0118%1h8.8934+0.050%$565K$157K50xas long as short
dYdX UNI-USD+0.0143%1h8.8798−0.104%$246K$6K10xas long as short
BloFin UNI-USDT+0.0220%8h8.8710−0.202%$9.8M$3.4M75xas long as short
Coinbase International UNI-PERP-INTXlong+0.0224%1h8.8890long leg$1.1M$5.3M50x
Hyperliquid UNI+0.0338%1h8.9002+0.126%$97.6M$59.1M10xas long as short
Kraken Futures PF_UNIUSD+0.0340%1h8.8950+0.067%$5.0M$7.0M50xas long as short
Reya UNIRUSDPERP+0.0362%1h8.8835−0.061%$16K20xas long as short
GMX UNI/USD [UNI-USDC]L +0.0379% / S −0.0319%1h8.8896+0.007%$557K120xas long as short
Lighter UNI+0.0592%1h8.9046+0.175%$4.6M$5.2M15xas long as short
Aftermath Perps UNIUSD+0.0622%1h8.8616−0.308%$1K$49K10xas long as short