UNI

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0148%/8h= −16.2% APRnext payment −$0.18 per $10,000 · paid last 24h −0.017%

Price spread now: Coinbase International against GMX+0.095%7-day average −0.012% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on GMX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.278%−$28 on $10k

Price spread, last 3 days (all we have)−0.046%−$5 · spread now +0.095%, 7d avg −0.012%

Together, before fees−0.324%−$32 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.107% dearer against GMX than usual: you sell high and buy low (spread +0.095% now, against its 7-day average of −0.012%): +$11 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 2.4 days. At the pace of the last 3 days (−0.278% in total) that is about 29 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX UNI/USD [UNI-USDC]	9.0104	L +0.0380% / S −0.0320%	pay 0.0047% / 1h	56m 36s	$566K	—	120x
Short	Coinbase International UNI-PERP-INTX	9.0190	0.0232	get 0.0029% / 1h	56m 36s	$1.1M	$5.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against GMX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 GMXbpFee Coinbase InternationalbpOrdersPrice spread, now +0.095%Rate

Funding earned: −$30.99
Price spread: +0.095% → −0.012%: $10.72
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$42.27
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Coinbase International: live order book, 2 min ago. Net counts fees only.

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 GMX no order-book sample	—	—	—	—	—
Sell Coinbase International live order book, 2 min ago	4.44 bp	15.8 bp −$16	20.1 bp −$201	63.4 bp −$6,344	doesn't fit

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−2.003%	$660	$155K	12x	as long as short
Variational Omni UNI	−0.0022%	8h	8.9623	−0.534%	$4.0M	$4.6M	—	as long as short
dYdX UNI-USD	0.0000%	1h	9.0120	+0.017%	$250K	$6K	10x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	9.0105	0.000%	$63K	—	150x	as long as short
Bybit UNIUSDT	+0.0036%	8h	9.0130	+0.028%	$102.9M	$104.9M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0071%	8h	9.0140	+0.039%	$55.6M	$249.4M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.0123	+0.021%	$26K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.0110	+0.006%	$953K	$4.1M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.0220	+0.128%	$1.0M	$3.3M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.0148	+0.048%	$301K	$586K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance UNIUSDT	+0.0100%	8h	9.0165	+0.067%	$222.4M	$593.5M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.0230	+0.139%	$279K	$619K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.0140	+0.039%	$23.2M	$57.6M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0160	+0.062%	$43.4M	$23.6M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0120	+0.017%	$13.7M	$13.8M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0120	+0.017%	$32.8M	$41.5M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	9.0140	+0.039%	—	$51.7M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.9843	−0.290%	$169K	$341K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.9813	−0.324%	$629K	$2.5M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.9870	−0.260%	$89K	$712K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0130	+0.028%	$108K	$3.2M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.0148	+0.048%	$87K	$355K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.0120	+0.017%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.0171	+0.074%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.0098	−0.007%	$25K	$664K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.0187	+0.092%	$737K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.0080	−0.027%	$27.2M	$4.4M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0118	+0.015%	$302K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0135	+0.034%	$32K	$1K	3x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0127%	1h	9.0140	+0.040%	$573K	$157K	50x	as long as short
Backpack UNI_USDC_PERP	+0.0169%	1h	9.0123	+0.021%	$1.0M	$2.3M	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.0120	+0.017%	$10.0M	$3.4M	75x	as long as short
01 Exchange UNIUSD	+0.0224%	1h	9.0180	+0.084%	$450	—	10x	as long as short
Coinbase International UNI-PERP-INTXshort	+0.0232%	1h	9.0190	+0.095%	$1.1M	$5.4M	50x
Reya UNIRUSDPERP	+0.0363%	1h	9.0044	−0.067%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]long	L +0.0380% / S −0.0320%	1h	9.0104	long leg	$566K	—	120x
Kraken Futures PF_UNIUSD	+0.0561%	1h	9.0174	+0.077%	$5.0M	$7.1M	50x	as long as short
Aftermath Perps UNIUSD	+0.0712%	1h	8.9841	−0.292%	$1K	$49K	10x	as long as short
Hyperliquid UNI	+0.0775%	1h	9.0268	+0.182%	$99.4M	$59.6M	10x	as long as short
Lighter UNI	+0.1000%	1h	9.0330	+0.250%	$4.6M	$5.1M	15x	as long as short