Funding you earn now, next payment 03:00 UTC−0.0162%/8h= −17.7% APRnext payment −$0.20 per $10,000 · paid last 24h −0.017%
Price spread now: Coinbase International against Hyperliquid−0.190%7-day average −0.077% · you buy dearer than you sell
Net, funding: paid 7d − costs−$72as in the Funding arb table
Net, price: spread back to 7d avg − costs−$49as in the Price arb table
costs, in and out, $10k−$380.382% of the position
Funding, last 7 days−0.334%−$33 on $10k
+Price spread, last 4 days (all we have)+0.161%+$16 · spread now −0.190%, 7d avg −0.077%
=Together, before fees−0.174%+ Points / potential airdropHyperliquid: Season 2 · farm board−$17 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Coinbase International is 0.112% cheaper against Hyperliquid than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.077%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid UNI | 9.0732 | 0.0410 | pay 0.0051% / 1h | 31m 44s | $98.3M | $62.4M | 10x |
| Short | Coinbase International UNI-PERP-INTX | 9.0560 | 0.0248 | get 0.0031% / 1h | 31m 44s | $1.1M | $5.7M | 50x |
Hyperliquid UNI
Coinbase International UNI-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Hyperliquid. 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
- −$33.99
- Price spread: −0.190% → −0.077%
- −$11.24
- Slippage, 4 orders
- −$19.21
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$83.44
- Costs to cover
- 0.382%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 12 min ago; Coinbase International: live order book, 2 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 Hyperliquid live order book, 12 min ago | 0.44 bp | 6.9 bp −$7 | doesn't fit | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 2 min ago | 4.99 bp | 11.5 bp −$12 | 18.1 bp −$181 | 52.9 bp −$5,285 | 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) UNI/USD | L +0.0004% / S −0.0004% | 1h | 9.0597 | −0.148% | $37K | — | 150x | as long as short |
| Injective UNI/USDC PERP | +0.0033% | 1h | 8.8300 | −2.680% | $660 | $154K | 12x | as long as short |
| 01 Exchange UNIUSD | +0.0056% | 1h | 9.0285 | −0.493% | $451 | $5 | 10x | as long as short |
| Nado UNI-PERP | +0.0100% | 1h | 9.0430 | −0.333% | $895K | $4.4M | 10x | as long as short |
| Aster UNIUSDT | +0.0100% | 8h | 9.0719 | −0.015% | $841K | $3.5M | 50x | as long as short |
| Pacifica UNI | +0.0100% | 1h | 9.0352 | −0.418% | $293K | $593K | 10x | as long as short |
| Binance UNIUSDT | +0.0100% | 8h | 9.0600 | −0.145% | $222.6M | $636.4M | 75x | as long as short |
| Bybit UNIUSDT | +0.0100% | 8h | 9.0570 | −0.179% | $101.6M | $110.9M | 75x | as long as short |
| OKX UNI-USDT-SWAP | +0.0100% | 8h | 9.0580 | −0.168% | $55.0M | $260.2M | 50x | as long as short |
| Arcus UNI-USD | +0.0100% | 1h | 9.0300 | −0.476% | $312K | $651K | 10x | as long as short |
gTrade (Gains Network) UNI/USD
Injective UNI/USDC PERP
01 Exchange UNIUSD
Nado UNI-PERP
Aster UNIUSDT
Pacifica UNI
Binance UNIUSDT
Bybit UNIUSDT
OKX UNI-USDT-SWAP
Arcus UNI-USDShow all 40 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate UNI_USDT | +0.0100% | 8h | 9.0620 | −0.123% | $23.6M | $63.4M | 75x | as long as short |
| MEXC UNI_USDT | +0.0100% | 8h | 9.0700 | −0.035% | $48.0M | $25.4M | 200x | as long as short |
| KuCoin UNIUSDTM | +0.0100% | 8h | 9.0700 | −0.035% | $13.6M | $13.2M | 75x | as long as short |
| Bitget UNIUSDT | +0.0100% | 8h | 9.0610 | −0.134% | $33.5M | $44.8M | 75x | as long as short |
| BingX UNI-USDC | +0.0100% | 8h | 9.0630 | −0.112% | — | $6.5M | — | as long as short |
| Backpack UNI_USDC_PERP | +0.0100% | 1h | 9.0758 | +0.029% | $1.0M | $2.3M | 10x | as long as short |
| Variational Omni UNI | +0.0100% | 8h | 8.9859 | −0.962% | $4.2M | $4.2M | — | as long as short |
| edgeX UNIUSDC | +0.0100% | 4h | 8.9922 | −0.892% | $170K | $345K | 20x | as long as short |
| GRVT UNI_USDT_Perp | +0.0100% | 8h | 8.9959 | −0.852% | $633K | $2.7M | 10x | as long as short |
| ApeX Omni UNIUSDT | +0.0100% | 1h | 8.9930 | −0.884% | $88K | $696K | 50x | as long as short |
| StandX UNI-USD | +0.0100% | 1h | 8.9920 | −0.895% | $16K | $3.4M | 20x | as long as short |
| Polymarket Perps UNI-USD | +0.0100% | 1h | 9.0480 | −0.278% | $87K | $424K | 10x | as long as short |
| Orderly PERP_UNI_USDC | +0.0100% | 8h | 9.0560 | −0.190% | $16K | $1.5M | 10x | as long as short |
| SunX UNI-USDT | +0.0100% | 8h | 9.0400 | −0.366% | $36K | $1.3M | 30x | as long as short |
| SoDEX UNI-USD | +0.0100% | 1h | 9.0580 | −0.168% | $22K | $789K | 10x | as long as short |
| HTX UNI-USDT | +0.0100% | 8h | 9.0580 | −0.168% | $714K | $4.6M | 75x | as long as short |
| Phemex UNIUSDT | +0.0100% | 8h | 9.0590 | −0.157% | $27.4M | $4.5M | 50x | as long as short |
| Paradex UNI-USD-PERP | +0.0100% | 8h | 9.0305 | −0.471% | $26K | — | 20x | as long as short |
| Extended UNI-USD | +0.0104% | 1h | 9.0668 | −0.070% | $293K | $1.6M | 25x | as long as short |
| Aevo UNI-PERP | +0.0104% | 1h | 9.0574 | −0.174% | $32K | — | 3x | as long as short |
| dYdX UNI-USD | +0.0105% | 1h | 9.0612 | −0.132% | $239K | $30K | 10x | as long as short |
| Lighter UNI | +0.0216% | 1h | 9.0697 | −0.039% | $4.6M | $5.8M | 15x | as long as short |
| BloFin UNI-USDT | +0.0220% | 8h | 9.0370 | −0.399% | $10.3M | $3.6M | 75x | as long as short |
| Coinbase International UNI-PERP-INTXshort | +0.0248% | 1h | 9.0560 | −0.190% | $1.1M | $5.7M | 50x | |
| Kraken Futures PF_UNIUSD | +0.0270% | 1h | 9.0646 | −0.095% | $5.0M | $7.9M | 50x | as long as short |
| Deribit UNI_USDC-PERPETUAL | +0.0309% | 1h | 9.0619 | −0.125% | $581K | $193K | 50x | as long as short |
| Reya UNIRUSDPERP | +0.0372% | 1h | 9.0482 | −0.276% | $17K | — | 20x | as long as short |
| GMX UNI/USD [UNI-USDC] | L +0.0381% / S −0.0244% | 1h | 9.0603 | −0.142% | $644K | — | 120x | as long as short |
| Hyperliquid UNIlong | +0.0410% | 1h | 9.0732 | long leg | $98.3M | $62.4M | 10x | |
| Aftermath Perps UNIUSD | +0.1023% | 1h | 9.0358 | −0.412% | $1K | $46K | 10x | as long as short |
Gate UNI_USDT
MEXC UNI_USDT
KuCoin UNIUSDTM
Bitget UNIUSDT
BingX UNI-USDC
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
dYdX UNI-USD
Lighter UNI
BloFin UNI-USDT
Kraken Futures PF_UNIUSD
Deribit UNI_USDC-PERPETUAL
Reya UNIRUSDPERP
GMX UNI/USD [UNI-USDC]
Aftermath Perps UNIUSD