Funding you earn now, next payment 00:00 UTC+0.0337%/8h= +37.0% APRpaid last 24h +0.026%
Price spread now: Coinbase International against Phemex+0.163%7-day average −0.006% · you sell dearer than you buy
Net, funding: paid 7d − costs−$76as in the Funding arb table
Net, price: spread back to 7d avg − costs−$46as in the Price arb table
costs, in and out, $10k−$630.630% of the position
Funding, last 7 days−0.130%−$13 on $10k
+Price spread, last 3 days (all we have)−0.218%−$22 · spread now +0.163%, 7d avg −0.006%
=Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Coinbase International is 0.169% dearer against Phemex than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of −0.006%. Mind the row above: over the last 7 days funding on this pair cost −0.130%, 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 -0.130% in total (about -6.8% 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 | Phemex UNIUSDT | 9.2000 | −0.0065 | get 0.0065% / 8h | 7h 39m | $27.8M | $4.5M | 50x |
| Short | Coinbase International UNI-PERP-INTX | 9.2150 | 0.0272 | get 0.0034% / 1h | 39m 25s | $1.1M | $5.6M | 50x |
Phemex UNIUSDT
Coinbase International UNI-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Phemex. 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
- $70.87
- Price spread: +0.163% → −0.006%
- $16.89
- Slippage, 4 orders
- −$41.04
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $24.72
- Costs to cover
- 0.630%
- Break-even
- 4.6 days
Slippage from Phemex: live order book, 5 min ago; Coinbase International: live order book, 5 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 Phemex live order book, 5 min ago | 9.84 bp | 19.0 bp −$19 | 34.2 bp −$342 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 5 min ago | 4.37 bp | 15.7 bp −$16 | 22.0 bp −$220 | 58.1 bp −$5,807 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Phemex UNIUSDTlong | −0.0065% | 8h | 9.2000 | long leg | $27.8M | $4.5M | 50x | |
| gTrade (Gains Network) UNI/USD | L +0.0004% / S −0.0005% | 1h | 9.2003 | +0.003% | $75K | — | 150x | as long as short |
| Injective UNI/USDC PERP | +0.0033% | 1h | 8.8300 | −4.022% | $660 | $154K | 12x | as long as short |
| 01 Exchange UNIUSD | +0.0064% | 1h | 9.2085 | +0.092% | $460 | — | 10x | as long as short |
| OKX UNI-USDT-SWAP | +0.0097% | 8h | 9.2030 | +0.033% | $56.6M | $256.2M | 50x | as long as short |
| Nado UNI-PERP | +0.0100% | 1h | 9.1943 | −0.062% | $972K | $4.2M | 10x | as long as short |
| Aster UNIUSDT | +0.0100% | 8h | 9.2137 | +0.149% | $1.1M | $3.4M | 50x | as long as short |
| Pacifica UNI | +0.0100% | 1h | 9.2050 | +0.054% | $309K | $583K | 10x | as long as short |
| Binance UNIUSDT | +0.0100% | 8h | 9.2057 | +0.061% | $230.4M | $591.4M | 75x | as long as short |
| Bybit UNIUSDT | +0.0100% | 8h | 9.2000 | 0.000% | $103.6M | $106.4M | 75x | as long as short |
gTrade (Gains Network) UNI/USD
Injective UNI/USDC PERP
01 Exchange UNIUSD
OKX UNI-USDT-SWAP
Nado UNI-PERP
Aster UNIUSDT
Pacifica UNI
Binance UNIUSDT
Bybit UNIUSDTShow all 40 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Arcus UNI-USD | +0.0100% | 1h | 9.2140 | +0.152% | $274K | $616K | 10x | as long as short |
| Gate UNI_USDT | +0.0100% | 8h | 9.2000 | 0.000% | $23.2M | $58.3M | 75x | as long as short |
| MEXC UNI_USDT | +0.0100% | 8h | 9.2030 | +0.033% | $45.0M | $23.7M | 200x | as long as short |
| KuCoin UNIUSDTM | +0.0100% | 8h | 9.2050 | +0.054% | $13.8M | $13.5M | 75x | as long as short |
| Bitget UNIUSDT | +0.0100% | 8h | 9.2010 | +0.011% | $33.7M | $41.9M | 75x | as long as short |
| BingX UNI-USDC | +0.0100% | 8h | 9.2000 | 0.000% | — | $6.5M | — | as long as short |
| Backpack UNI_USDC_PERP | +0.0100% | 1h | 9.2108 | +0.117% | $1.0M | $2.4M | 10x | as long as short |
| Variational Omni UNI | +0.0100% | 8h | 9.1681 | −0.347% | $4.2M | $4.4M | — | as long as short |
| edgeX UNIUSDC | +0.0100% | 4h | 9.1739 | −0.284% | $173K | $343K | 20x | as long as short |
| GRVT UNI_USDT_Perp | +0.0100% | 8h | 9.1211 | −0.858% | $637K | $2.6M | 10x | as long as short |
| ApeX Omni UNIUSDT | +0.0100% | 1h | 9.1780 | −0.239% | $90K | $708K | 50x | as long as short |
| StandX UNI-USD | +0.0100% | 1h | 9.1770 | −0.250% | $37K | $3.3M | 20x | as long as short |
| Polymarket Perps UNI-USD | +0.0100% | 1h | 9.2062 | +0.067% | $86K | $375K | 10x | as long as short |
| Orderly PERP_UNI_USDC | +0.0100% | 8h | 9.2090 | +0.098% | $16K | $1.7M | 10x | as long as short |
| SunX UNI-USDT | +0.0100% | 8h | 9.2156 | +0.170% | $37K | $1.3M | 30x | as long as short |
| SoDEX UNI-USD | +0.0100% | 1h | 9.2093 | +0.101% | $22K | $702K | 10x | as long as short |
| HTX UNI-USDT | +0.0100% | 8h | 9.2159 | +0.173% | $737K | $4.4M | 75x | as long as short |
| Paradex UNI-USD-PERP | +0.0100% | 8h | 9.1985 | −0.016% | $26K | — | 20x | as long as short |
| Extended UNI-USD | +0.0104% | 1h | 9.1961 | −0.042% | $306K | $1.5M | 25x | as long as short |
| Aevo UNI-PERP | +0.0104% | 1h | 9.2095 | +0.103% | $33K | — | 3x | as long as short |
| dYdX UNI-USD | +0.0137% | 1h | 9.2015 | +0.017% | $254K | $7K | 10x | as long as short |
| BloFin UNI-USDT | +0.0220% | 8h | 9.1850 | −0.163% | $10.1M | $3.6M | 75x | as long as short |
| Deribit UNI_USDC-PERPETUAL | +0.0239% | 1h | 9.2134 | +0.145% | $594K | $178K | 50x | as long as short |
| Coinbase International UNI-PERP-INTXshort | +0.0272% | 1h | 9.2150 | +0.163% | $1.1M | $5.6M | 50x | |
| Reya UNIRUSDPERP | +0.0366% | 1h | 9.1993 | −0.008% | $17K | — | 20x | as long as short |
| Kraken Futures PF_UNIUSD | +0.0381% | 1h | 9.2151 | +0.165% | $5.1M | $7.0M | 50x | as long as short |
| GMX UNI/USD [UNI-USDC] | L +0.0382% / S −0.0323% | 1h | 9.2001 | +0.001% | $583K | — | 120x | as long as short |
| Hyperliquid UNI | +0.0479% | 1h | 9.2183 | +0.199% | $101.4M | $59.7M | 10x | as long as short |
| Lighter UNI | +0.0840% | 1h | 9.2217 | +0.236% | $4.7M | $5.2M | 15x | as long as short |
| Aftermath Perps UNIUSD | +0.0851% | 1h | 9.1506 | −0.537% | $1K | $49K | 10x | as long as short |
Arcus UNI-USD
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
Paradex UNI-USD-PERP
Extended UNI-USD
Aevo UNI-PERP
dYdX UNI-USD
BloFin UNI-USDT
Deribit UNI_USDC-PERPETUAL
Reya UNIRUSDPERP
Kraken Futures PF_UNIUSD
GMX UNI/USD [UNI-USDC]
Hyperliquid UNI
Lighter UNI
Aftermath Perps UNIUSD