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

UNI

all UNI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 21:00 UTC+0.0096%/8h= +10.5% APRnext payment +$0.12 per $10,000 · paid last 24h +0.012%
Price spread now: Coinbase International against Extended+0.215%7-day average +0.089% · you sell dearer than you buy
Net, funding: paid 7d − costs−$60as in the Funding arb table
Net, price: spread back to 7d avg − costs−$24as in the Price arb table
costs, in and out, $10k−$370.369% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.226%−$23 on $10k
Price spread, last 3 days (all we have)+0.286%+$29 · spread now +0.215%, 7d avg +0.089%
Together, before fees+0.060%+ Points / potential airdropExtended: Active · farm board+$6 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Coinbase International is 0.125% dearer against Extended than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of +0.089%. Mind the row above: over the last 7 days funding on this pair cost −0.226%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended UNI-USD8.80210.0104pay 0.0013% / 1h49m 38s$307K$1.4M25x
ShortCoinbase International UNI-PERP-INTX8.82100.0200get 0.0025% / 1h49m 38s$1.0M$5.3M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against Extended. 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
$20.16
Price spread: +0.215% → +0.089%
$12.54
Slippage, 4 orders
−$21.91
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
−$4.21
Costs to cover
0.369%
Break-even
8.5 days
Slippage from Extended: live order book, 4 min ago; Coinbase International: live order book, 4 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 Extended live order book, 4 min ago0.06 bp4.6 bp −$511.2 bp −$112doesn't fitdoesn't fit
Sell Coinbase International live order book, 4 min ago3.97 bp14.5 bp −$1419.9 bp −$19953.7 bp −$5,374doesn'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−0.0200%8h8.7965−0.063%$3.9M$4.6Mas long as short
Bybit UNIUSDT−0.0190%8h8.8000−0.024%$102.5M$103.9M75xas long as short
01 Exchange UNIUSD−0.0056%1h8.8162+0.160%$44010xas long as short
Deribit UNI_USDC-PERPETUAL0.0000%1h8.8138+0.132%$550K$125K50xas long as short
gTrade (Gains Network) UNI/USDL +0.0004% / S −0.0006%1h8.8131+0.125%$79K150xas long as short
OKX UNI-USDT-SWAP+0.0008%8h8.8010−0.012%$54.3M$244.2M50xas long as short
Paradex UNI-USD-PERP+0.0100%8h8.8047+0.030%$25K20xas long as short
Nado UNI-PERP+0.0100%1h8.8102+0.093%$848K$3.9M10xas long as short
Aster UNIUSDT+0.0100%8h8.8198+0.201%$1.0M$3.4M50xas long as short
Pacifica UNI+0.0100%1h8.8099+0.088%$296K$559K10xas long as short
Show all 40 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance UNIUSDT+0.0100%8h8.8048+0.031%$215.7M$593.6M75xas long as short
Arcus UNI-USD+0.0100%1h8.8130+0.124%$272K$605K10xas long as short
Gate UNI_USDT+0.0100%8h8.8040+0.022%$22.9M$58.9M75xas long as short
MEXC UNI_USDT+0.0100%8h8.8100+0.090%$42.6M$24.4M200xas long as short
KuCoin UNIUSDTM+0.0100%8h8.8150+0.147%$13.7M$13.6M75xas long as short
Bitget UNIUSDT+0.0100%8h8.8080+0.067%$31.9M$41.0M75xas long as short
BingX UNI-USDC+0.0100%8h8.8040+0.022%$6.5Mas long as short
Backpack UNI_USDC_PERP+0.0100%1h8.8121+0.114%$975K$2.4M10xas long as short
edgeX UNIUSDC+0.0100%4h8.8216+0.221%$166K$343K20xas long as short
GRVT UNI_USDT_Perp+0.0100%8h8.8310+0.329%$619K$2.6M10xas long as short
ApeX Omni UNIUSDT+0.0100%1h8.8260+0.272%$83K$713K50xas long as short
StandX UNI-USD+0.0100%1h8.8060+0.044%$105K$3.2M20xas long as short
Polymarket Perps UNI-USD+0.0100%1h8.8146+0.142%$87K$324K10xas long as short
Orderly PERP_UNI_USDC+0.0100%8h8.8060+0.044%$15K$1.7M10xas long as short
SunX UNI-USDT+0.0100%8h8.8215+0.221%$36K$1.3M30xas long as short
SoDEX UNI-USD+0.0100%1h8.8070+0.056%$28K$659K10xas long as short
HTX UNI-USDT+0.0100%8h8.8323+0.343%$722K$4.3M75xas long as short
Phemex UNIUSDT+0.0100%8h8.8080+0.067%$26.5M$4.3M50xas long as short
Extended UNI-USDlong+0.0104%1h8.8021long leg$307K$1.4M25x
Aevo UNI-PERP+0.0104%1h8.8109+0.100%$31K$1K3xas long as short
dYdX UNI-USD+0.0185%1h8.8090+0.079%$244K$5K10xas long as short
Coinbase International UNI-PERP-INTXshort+0.0200%1h8.8210+0.215%$1.0M$5.3M50x
BloFin UNI-USDT+0.0220%8h8.8060+0.044%$9.8M$3.3M75xas long as short
Kraken Futures PF_UNIUSD+0.0270%1h8.8132+0.126%$4.9M$7.1M50xas long as short
Reya UNIRUSDPERP+0.0359%1h8.8097+0.086%$16K20xas long as short
Hyperliquid UNI+0.0373%1h8.8272+0.285%$95.8M$59.6M10xas long as short
GMX UNI/USD [UNI-USDC]L +0.0380% / S −0.0320%1h8.8108+0.100%$552K120xas long as short
Lighter UNI+0.0416%1h8.8222+0.228%$4.5M$5.3M15xas long as short
Aftermath Perps UNIUSD+0.0484%1h8.8179+0.180%$1K$50K10xas long as short
Injective UNI/USDC PERP+0.2702%1h8.7900−0.137%$657$97K12xas long as short