Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0176%/8h= +19.2% APRpaid last 24h +0.042%

Price spread now: Coinbase International against OKX−0.011%55s7-day average +0.053% · you buy dearer than you sell

Net, funding: paid 7d − costs−$47as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$380.383% of the position

Long on OKX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.088%−$9 on $10k

Price spread, last 3 days (all we have)+0.237%+$24 · spread now −0.011%, 7d avg +0.053%

Together, before fees+0.149%+$15 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.064% cheaper against OKX than usual: you would sell low and buy high (spread −0.011% now, against its 7-day average of +0.053%). If the spread goes back, that is −$6 on $10k: about 29 hours of funding at the current rate (+$5 a day). Mind the row above: over the last 7 days funding on this pair cost −0.088%, so the current rate has only just turned in your favour. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX UNI-USDT-SWAP	8.8860	0.0048	pay 0.0048% / 8h	1h 22m	$55.0M	$245.0M	50x
Short	Coinbase International UNI-PERP-INTX	8.8850	0.0224	get 0.0028% / 1h	22m 24s	$1.1M	$5.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against OKX. 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 OKXbpFee Coinbase InternationalbpOrdersPrice spread, now −0.011%Rate

Funding earned: $36.88
Price spread: −0.011% → +0.053%: −$6.43
Slippage, 4 orders: −$18.31
Fee OKX: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$7.86
Costs to cover: 0.383%
Break-even: 8.5 days

Slippage from OKX: live order book, 2 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 OKX live order book, 2 min ago	0.56 bp	6.3 bp −$6	13.4 bp −$134	60.3 bp −$6,033	doesn't fit
Sell Coinbase International live order book, 2 min ago	2.26 bp	14.1 bp −$14	19.6 bp −$196	54.6 bp −$5,463	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
Variational Omni UNI	−0.0057%	8h	8.8474	−0.434%	$3.9M	$4.5M	—	as long as short
Bybit UNIUSDT	−0.0003%	8h	8.8860	0.000%	$101.3M	$104.5M	75x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	8.8904	+0.049%	$62K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−0.630%	$660	$155K	12x	as long as short
OKX UNI-USDT-SWAPlong	+0.0048%	8h	8.8860	long leg	$55.0M	$245.0M	50x
01 Exchange UNIUSD	+0.0056%	1h	8.8885	+0.028%	$444	—	10x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8798	−0.070%	$25K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.8845	−0.017%	$941K	$4.0M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.8888	+0.031%	$1.0M	$3.3M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.8818	−0.047%	$298K	$570K	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	8.8886	+0.029%	$218.1M	$588.2M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.8910	+0.056%	$283K	$615K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.8870	+0.011%	$23.1M	$58.6M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.8850	−0.011%	$42.9M	$24.5M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.8830	−0.034%	$13.6M	$13.7M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8830	−0.034%	$32.2M	$41.4M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	8.8870	+0.011%	—	$51.7M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8833	−0.030%	$986K	$2.3M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8599	−0.293%	$167K	$343K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8775	−0.096%	$626K	$2.5M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8740	−0.135%	$88K	$712K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8710	−0.169%	$106K	$3.2M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.8866	+0.007%	$86K	$353K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8860	0.000%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.8730	−0.146%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.8765	−0.107%	$25K	$666K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.8787	−0.082%	$728K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8770	−0.101%	$26.7M	$4.4M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8798	−0.069%	$301K	$1.4M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8810	−0.056%	$32K	$1K	3x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0128%	1h	8.8856	−0.005%	$565K	$157K	50x	as long as short
dYdX UNI-USD	+0.0143%	1h	8.8798	−0.070%	$246K	$6K	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.8710	−0.169%	$9.8M	$3.4M	75x	as long as short
Coinbase International UNI-PERP-INTXshort	+0.0224%	1h	8.8850	−0.011%	$1.1M	$5.3M	50x
Hyperliquid UNI	+0.0335%	1h	8.9004	+0.162%	$97.6M	$59.1M	10x	as long as short
Kraken Futures PF_UNIUSD	+0.0341%	1h	8.8827	−0.037%	$4.9M	$7.0M	50x	as long as short
Reya UNIRUSDPERP	+0.0362%	1h	8.8835	−0.028%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0379% / S −0.0319%	1h	8.8896	+0.041%	$557K	—	120x	as long as short
Lighter UNI	+0.0584%	1h	8.8977	+0.132%	$4.5M	$5.2M	15x	as long as short
Aftermath Perps UNIUSD	+0.0622%	1h	8.8616	−0.275%	$1K	$49K	10x	as long as short