Funding you earn now, next payment 01:00 UTC+0.0212%/8h= +23.2% APRpaid last 24h +0.030%
Price spread now: Coinbase International against Gate−0.355%7-day average +0.032% · you buy dearer than you sell
Net, funding: paid 7d − costs−$60as in the Funding arb table
Net, price: spread back to 7d avg − costs−$92as in the Price arb table
costs, in and out, $10k−$540.536% of the position
Funding, last 7 days−0.065%−$7 on $10k
+Price spread, last 3 days (all we have)+0.500%+$50 · spread now −0.355%, 7d avg +0.032%
=Funding pays, the price is against you. Coinbase International is 0.386% cheaper against Gate than usual: you would sell low and buy high (spread −0.355% now, against its 7-day average of +0.032%). If the spread goes back, that is −$39 on $10k: about 6.1 days of funding at the current rate (+$6 a day). Mind the row above: over the last 7 days funding on this pair cost −0.065%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.065% in total (about -3.4% 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 | Gate UNI_USDT | 9.0240 | 0.0100 | pay 0.0100% / 8h | 6h 32m | $23.0M | $58.4M | 75x |
| Short | Coinbase International UNI-PERP-INTX | 8.9920 | 0.0312 | get 0.0039% / 1h | 32m 26s | $1.1M | $4.7M | 50x |
Gate UNI_USDT
Coinbase International UNI-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Gate. 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
- $44.52
- Price spread: −0.355% → +0.032%
- −$38.62
- Slippage, 4 orders
- −$28.55
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$47.65
- Costs to cover
- 0.536%
- Break-even
- 14.5 days
Slippage from Gate: live order book, 1 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 Gate live order book, 1 min ago | 0.56 bp | 10.1 bp −$10 | 20.4 bp −$204 | 43.0 bp −$4,295 | 66.6 bp −$33.3K |
| Sell Coinbase International live order book, 1 min ago | 6.12 bp | 14.2 bp −$14 | 19.7 bp −$197 | 56.8 bp −$5,684 | doesn't fit |
UNI on 39 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit UNI_USDC-PERPETUAL | 0.0000% | 1h | 8.9910 | −0.366% | $584K | $201K | 50x | as long as short |
| gTrade (Gains Network) UNI/USD | L +0.0004% / S −0.0004% | 1h | 8.9887 | −0.392% | $19K | — | 150x | as long as short |
| 01 Exchange UNIUSD | +0.0024% | 1h | 9.0310 | +0.078% | $451 | — | 10x | as long as short |
| dYdX UNI-USD | +0.0024% | 1h | 9.0226 | −0.016% | $238K | $30K | 10x | as long as short |
| Injective UNI/USDC PERP | +0.0033% | 1h | 8.8300 | −2.150% | $660 | $154K | 12x | as long as short |
| Nado UNI-PERP | +0.0100% | 1h | 9.0300 | +0.066% | $932K | $4.3M | 10x | as long as short |
| Hyperliquid UNI | +0.0100% | 1h | 9.0401 | +0.178% | $98.1M | $60.0M | 10x | as long as short |
| Aster UNIUSDT | +0.0100% | 8h | 9.0257 | +0.019% | $1.0M | $2.9M | 50x | as long as short |
| Pacifica UNI | +0.0100% | 1h | 9.0231 | −0.010% | $295K | $580K | 10x | as long as short |
| Binance UNIUSDT | +0.0100% | 8h | 9.0318 | +0.086% | $225.4M | $612.5M | 75x | as long as short |
Deribit UNI_USDC-PERPETUAL
gTrade (Gains Network) UNI/USD
01 Exchange UNIUSD
dYdX UNI-USD
Injective UNI/USDC PERP
Nado UNI-PERP
Hyperliquid UNI
Aster UNIUSDT
Pacifica UNI
Binance UNIUSDTShow all 39 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit UNIUSDT | +0.0100% | 8h | 9.0280 | +0.044% | $101.0M | $107.8M | 75x | as long as short |
| OKX UNI-USDT-SWAP | +0.0100% | 8h | 9.0300 | +0.066% | $55.6M | $254.4M | 50x | as long as short |
| Arcus UNI-USD | +0.0100% | 1h | 9.0290 | +0.055% | $286K | $633K | 10x | as long as short |
| Gate UNI_USDTlong | +0.0100% | 8h | 9.0240 | long leg | $23.0M | $58.4M | 75x | |
| MEXC UNI_USDT | +0.0100% | 8h | 9.0210 | −0.033% | $49.4M | $26.1M | 200x | as long as short |
| KuCoin UNIUSDTM | +0.0100% | 8h | 9.0030 | −0.233% | $13.4M | $13.8M | 75x | as long as short |
| Bitget UNIUSDT | +0.0100% | 8h | 9.0280 | +0.044% | $33.1M | $42.8M | 75x | as long as short |
| BingX UNI-USDT | +0.0100% | 8h | 9.0220 | −0.022% | — | $57.3M | — | as long as short |
| Backpack UNI_USDC_PERP | +0.0100% | 1h | 8.9889 | −0.389% | $983K | $2.4M | 10x | as long as short |
| Variational Omni UNI | +0.0100% | 8h | 8.9961 | −0.309% | $4.1M | $4.3M | — | as long as short |
| edgeX UNIUSDC | +0.0100% | 4h | 8.9955 | −0.316% | $169K | $345K | 20x | as long as short |
| GRVT UNI_USDT_Perp | +0.0100% | 8h | 9.0031 | −0.231% | $631K | $2.6M | 10x | as long as short |
| ApeX Omni UNIUSDT | +0.0100% | 1h | 9.0020 | −0.244% | $88K | $706K | 50x | as long as short |
| StandX UNI-USD | +0.0100% | 1h | 8.9840 | −0.443% | $55K | $3.3M | 20x | as long as short |
| Polymarket Perps UNI-USD | +0.0100% | 1h | 9.0352 | +0.124% | $86K | $410K | 10x | as long as short |
| Orderly PERP_UNI_USDC | +0.0100% | 8h | 8.9910 | −0.366% | $16K | $1.7M | 10x | as long as short |
| SunX UNI-USDT | +0.0100% | 8h | 8.9940 | −0.332% | $37K | $1.3M | 30x | as long as short |
| SoDEX UNI-USD | +0.0100% | 1h | 8.9870 | −0.410% | $21K | $715K | 10x | as long as short |
| HTX UNI-USDT | +0.0100% | 8h | 8.9890 | −0.388% | $714K | $4.2M | 75x | as long as short |
| Phemex UNIUSDT | +0.0100% | 8h | 8.9910 | −0.366% | $27.1M | $4.5M | 50x | as long as short |
| Paradex UNI-USD-PERP | +0.0100% | 8h | 9.0192 | −0.053% | $26K | — | 20x | as long as short |
| Extended UNI-USD | +0.0104% | 1h | 9.0192 | −0.053% | $300K | $1.5M | 25x | as long as short |
| Aevo UNI-PERP | +0.0104% | 1h | 8.9913 | −0.362% | $32K | — | 3x | as long as short |
| Coinbase International UNI-PERP-INTXshort | +0.0312% | 1h | 8.9920 | −0.355% | $1.1M | $4.7M | 50x | |
| Reya UNIRUSDPERP | +0.0368% | 1h | 9.0288 | +0.053% | $16K | — | 20x | as long as short |
| GMX UNI/USD [UNI-USDC] | L +0.0381% / S −0.0244% | 1h | 8.9884 | −0.395% | $640K | — | 120x | as long as short |
| Lighter UNI | +0.0408% | 1h | 9.0391 | +0.167% | $4.6M | $5.3M | 15x | as long as short |
| Kraken Futures PF_UNIUSD | +0.0427% | 1h | 8.9891 | −0.386% | $5.0M | $6.9M | 50x | as long as short |
| Aftermath Perps UNIUSD | +0.0963% | 1h | 8.9913 | −0.362% | $1K | $48K | 10x | as long as short |
Bybit UNIUSDT
OKX UNI-USDT-SWAP
Arcus UNI-USD
MEXC UNI_USDT
KuCoin UNIUSDTM
Bitget UNIUSDT
BingX UNI-USDT
Backpack UNI_USDC_PERP
Variational Omni UNI
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
Paradex UNI-USD-PERP
Extended UNI-USD
Aevo UNI-PERP
Reya UNIRUSDPERP
GMX UNI/USD [UNI-USDC]
Lighter UNI
Kraken Futures PF_UNIUSD
Aftermath Perps UNIUSD