Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0132%/8h= +14.5% APRpaid last 24h +0.021%

Price spread now: Coinbase International against edgeX−0.139%7-day average +0.020% · you buy dearer than you sell

Net, funding: paid 7d − costs−$59as in the Funding arb table

Net, price: spread back to 7d avg − costs−$57as in the Price arb table

costs, in and out, $10k−$410.412% of the position

Long on edgeX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.182%−$18 on $10k

Price spread, last 3 days (all we have)+0.369%+$37 · spread now −0.139%, 7d avg +0.020%

Together, before fees+0.187%+ Points / potential airdropedgeX: Active · farm board+$19 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.159% cheaper against edgeX than usual: you would sell low and buy high (spread −0.139% now, against its 7-day average of +0.020%). If the spread goes back, that is −$16 on $10k: about 4.0 days of funding at the current rate (+$4 a day). Mind the row above: over the last 7 days funding on this pair cost −0.182%, 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	edgeX UNIUSDC	9.0166	0.0100	pay 0.0050% / 4h	28m 29s	$169K	$344K	20x
Short	Coinbase International UNI-PERP-INTX	9.0040	0.0232	get 0.0029% / 1h	28m 29s	$1.1M	$5.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against edgeX. 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 edgeXbpFee Coinbase InternationalbpOrdersPrice spread, now −0.139%Rate

Funding earned: $27.72
Price spread: −0.139% → +0.020%: −$15.89
Slippage, 4 orders: −$22.2
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$29.37
Costs to cover: 0.412%
Break-even: 14.4 days

Slippage from edgeX: live order book, 50 min ago; Coinbase International: 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 edgeX live order book, 50 min ago	2.25 bp	7.1 bp −$7	17.5 bp −$175	doesn't fit	doesn't fit
Sell Coinbase International live order book, 5 min ago	2.22 bp	15.1 bp −$15	21.3 bp −$213	61.7 bp −$6,165	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
Injective UNI/USDC PERP	−0.0049%	1h	8.8300	−2.069%	$660	$155K	12x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	8.9974	−0.213%	$62K	—	150x	as long as short
Variational Omni UNI	+0.0041%	8h	9.0035	−0.145%	$4.1M	$4.4M	—	as long as short
dYdX UNI-USD	+0.0084%	1h	8.9898	−0.297%	$249K	$6K	10x	as long as short
Bybit UNIUSDT	+0.0084%	8h	8.9950	−0.239%	$102.2M	$104.9M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0089%	8h	8.9950	−0.239%	$55.1M	$249.2M	50x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.9940	−0.250%	$955K	$4.2M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.9940	−0.250%	$1.0M	$3.3M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.9930	−0.261%	$297K	$593K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.9978	−0.208%	$222.5M	$589.8M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus UNI-USD	+0.0100%	1h	8.9960	−0.228%	$278K	$620K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.9990	−0.195%	$23.0M	$58.7M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.9990	−0.195%	$43.7M	$24.0M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.9970	−0.217%	$13.7M	$13.5M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.9940	−0.250%	$32.9M	$42.0M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	8.9980	−0.206%	—	$51.9M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.0008	−0.175%	$1.0M	$2.4M	10x	as long as short
edgeX UNIUSDClong	+0.0100%	4h	9.0166	long leg	$169K	$344K	20x
GRVT UNI_USDT_Perp	+0.0100%	8h	8.9950	−0.239%	$631K	$2.5M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0300	+0.149%	$89K	$712K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.9870	−0.328%	$36K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.9966	−0.221%	$85K	$363K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.9970	−0.217%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.0080	−0.095%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.9990	−0.195%	$25K	$674K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.0007	−0.176%	$718K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.9960	−0.228%	$27.1M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.9840	−0.362%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	8.9828	−0.374%	$303K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0031	−0.150%	$32K	$1K	3x	as long as short
01 Exchange UNIUSD	+0.0184%	1h	8.9956	−0.233%	$449	—	10x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0184%	1h	9.0069	−0.107%	$580K	$176K	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.0050	−0.128%	$10.1M	$3.5M	75x	as long as short
Coinbase International UNI-PERP-INTXshort	+0.0232%	1h	9.0040	−0.139%	$1.1M	$5.4M	50x
Reya UNIRUSDPERP	+0.0364%	1h	8.9944	−0.246%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0382% / S −0.0323%	1h	8.9997	−0.187%	$569K	—	120x	as long as short
Hyperliquid UNI	+0.0551%	1h	9.0088	−0.086%	$98.8M	$59.0M	10x	as long as short
Kraken Futures PF_UNIUSD	+0.0562%	1h	9.0063	−0.114%	$5.0M	$7.0M	50x	as long as short
Aftermath Perps UNIUSD	+0.0807%	1h	9.0086	−0.089%	$1K	$49K	10x	as long as short
Lighter UNI	+0.0896%	1h	9.0089	−0.085%	$4.6M	$5.2M	15x	as long as short