UNI

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0126%/8h= +13.8% APRnext payment +$0.16 per $10,000 · paid last 24h +0.029%

Price spread now: Coinbase International against Deribit+0.058%7-day average −0.031% · you sell dearer than you buy

Net, funding: paid 7d − costs−$62as in the Funding arb table

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$560.556% of the position

Long on Deribit Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.061%−$6 on $10k

Price spread, last 3 days (all we have)−0.176%−$18 · spread now +0.058%, 7d avg −0.031%

Together, before fees−0.238%−$24 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Coinbase International is 0.089% dearer against Deribit than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.031%. Mind the row above: over the last 7 days funding on this pair cost −0.061%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit UNI_USDC-PERPETUAL	8.9079	0.0098	pay 0.0012% / 1h	12m 43s	$566K	$157K	50x
Short	Coinbase International UNI-PERP-INTX	8.9130	0.0224	get 0.0028% / 1h	12m 43s	$1.1M	$5.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Deribit. 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 DeribitbpFee Coinbase InternationalbpOrdersPrice spread, now +0.058%Rate

Funding earned: $26.46
Price spread: +0.058% → −0.031%: $8.85
Slippage, 4 orders: −$38.61
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$20.3
Costs to cover: 0.556%
Break-even: 12.4 days

Slippage from Deribit: live order book, 6 min ago; Coinbase International: live order book, 1 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 Deribit live order book, 6 min ago	6.97 bp	17.5 bp −$17	24.3 bp −$243	doesn't fit	doesn't fit
Sell Coinbase International live order book, 1 min ago	5.05 bp	15.5 bp −$15	20.4 bp −$204	58.2 bp −$5,823	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	−0.0045%	8h	8.9174	+0.107%	$3.9M	$4.5M	—	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	8.9052	−0.030%	$62K	—	150x	as long as short
Bybit UNIUSDT	+0.0008%	8h	8.9290	+0.237%	$101.8M	$104.8M	75x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−0.874%	$660	$155K	12x	as long as short
OKX UNI-USDT-SWAP	+0.0049%	8h	8.9320	+0.271%	$55.3M	$246.6M	50x	as long as short
01 Exchange UNIUSD	+0.0072%	1h	8.9050	−0.032%	$444	—	10x	as long as short
Deribit UNI_USDC-PERPETUALlong	+0.0098%	1h	8.9079	long leg	$566K	$157K	50x
Paradex UNI-USD-PERP	+0.0100%	8h	8.9027	−0.058%	$25K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.8985	−0.105%	$943K	$4.0M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.9289	+0.236%	$1.0M	$3.3M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica UNI	+0.0100%	1h	8.9058	−0.023%	$301K	$577K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.9327	+0.279%	$219.5M	$589.6M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.9060	−0.021%	$274K	$621K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.9180	+0.114%	$23.0M	$58.8M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.9170	+0.103%	$43.1M	$24.5M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.9110	+0.035%	$13.6M	$13.8M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.9170	+0.103%	$32.3M	$41.3M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	8.9160	+0.091%	—	$51.7M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.9127	+0.054%	$990K	$2.3M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8836	−0.272%	$167K	$344K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8880	−0.223%	$627K	$2.5M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8860	−0.245%	$88K	$712K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.9200	+0.136%	$106K	$3.2M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.9040	−0.043%	$87K	$355K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.9020	−0.066%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.9003	−0.085%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.9049	−0.033%	$25K	$666K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.9194	+0.130%	$731K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.9070	−0.010%	$26.8M	$4.4M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.9072	−0.007%	$302K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.9048	−0.035%	$32K	$1K	3x	as long as short
dYdX UNI-USD	+0.0113%	1h	8.9312	+0.262%	$247K	$6K	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.9070	−0.010%	$9.9M	$3.4M	75x	as long as short
Coinbase International UNI-PERP-INTXshort	+0.0224%	1h	8.9130	+0.058%	$1.1M	$5.3M	50x
Kraken Futures PF_UNIUSD	+0.0340%	1h	8.9099	+0.023%	$5.0M	$7.0M	50x	as long as short
Reya UNIRUSDPERP	+0.0362%	1h	8.9025	−0.060%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0379% / S −0.0319%	1h	8.9036	−0.048%	$558K	—	120x	as long as short
Hyperliquid UNI	+0.0406%	1h	8.9347	+0.301%	$98.3M	$59.3M	10x	as long as short
Lighter UNI	+0.0640%	1h	8.9473	+0.443%	$4.6M	$5.2M	15x	as long as short
Aftermath Perps UNIUSD	+0.0650%	1h	8.9045	−0.037%	$1K	$49K	10x	as long as short