Settings8H · net · $10k
Funding arb · Price arb /

UNI

all UNI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 21:00 UTC+0.0336%/8h= +36.7% APRpaid last 24h +0.051%
Price spread now: Coinbase International against Variational Omni+0.201%7-day average +0.046% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.023%−$2 on $10k
Price spread, last 3 days (all we have)+0.196%+$20 · spread now +0.201%, 7d avg +0.046%
Together, before fees+0.173%+ Points / potential airdropVariational Omni: Active · farm board+$17 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Coinbase International is 0.155% dearer against Variational Omni than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of +0.046%.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.023% in total (about -2.6% 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni UNI8.8841−0.0136get 0.0136% / 8h2h 14m$4.0M$4.6M
ShortCoinbase International UNI-PERP-INTX8.90200.0200get 0.0025% / 1h14m 31s$1.0M$5.4M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against Variational Omni. 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

Funding earned
$70.47
Price spread: +0.201% → +0.046%
$15.55
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$76.01
Costs to cover
0.100%
Break-even
from the start
Slippage unknown: Variational Omni: RFQ quote, 5 min ago; Coinbase International: live order book, 4 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Variational Omni RFQ quote, 5 min ago3.27 bpdoesn't fit17.4 bp −$174doesn't fitdoesn't fit
Sell Coinbase International live order book, 4 min ago6.18 bp13.4 bp −$1320.2 bp −$20250.7 bp −$5,065doesn't fit

UNI on 40 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni UNIlong−0.0136%8h8.8841long leg$4.0M$4.6M
Bybit UNIUSDT−0.0091%8h8.8910+0.078%$101.3M$106.1M75xas long as short
Deribit UNI_USDC-PERPETUAL0.0000%1h8.8971+0.146%$563K$138K50xas long as short
gTrade (Gains Network) UNI/USDL +0.0004% / S −0.0006%1h8.8919+0.088%$80K150xas long as short
OKX UNI-USDT-SWAP+0.0023%8h8.8880+0.044%$54.7M$247.9M50xas long as short
01 Exchange UNIUSD+0.0032%1h8.8938+0.109%$44410xas long as short
dYdX UNI-USD+0.0088%1h8.8929+0.099%$246K$5K10xas long as short
Paradex UNI-USD-PERP+0.0100%8h8.8898+0.064%$25K20xas long as short
Nado UNI-PERP+0.0100%1h8.8895+0.061%$849K$4.0M10xas long as short
Aster UNIUSDT+0.0100%8h8.9020+0.201%$1.0M$3.4M50xas long as short
Show all 40 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica UNI+0.0100%1h8.8971+0.146%$301K$563K10xas long as short
Binance UNIUSDT+0.0100%8h8.8920+0.089%$217.2M$595.6M75xas long as short
Arcus UNI-USD+0.0100%1h8.8980+0.156%$274K$612K10xas long as short
Gate UNI_USDT+0.0100%8h8.8930+0.100%$23.1M$59.4M75xas long as short
MEXC UNI_USDT+0.0100%8h8.8940+0.111%$43.2M$24.7M200xas long as short
KuCoin UNIUSDTM+0.0100%8h8.8930+0.100%$13.4M$13.9M75xas long as short
Bitget UNIUSDT+0.0100%8h8.8890+0.055%$32.2M$41.5M75xas long as short
BingX UNI-USDC+0.0100%8h8.8930+0.100%$6.5Mas long as short
Backpack UNI_USDC_PERP+0.0100%1h8.8955+0.128%$987K$2.3M10xas long as short
edgeX UNIUSDC+0.0100%4h8.8994+0.172%$167K$344K20xas long as short
GRVT UNI_USDT_Perp+0.0100%8h8.8970+0.145%$618K$2.6M10xas long as short
ApeX Omni UNIUSDT+0.0100%1h8.9000+0.179%$84K$713K50xas long as short
StandX UNI-USD+0.0100%1h8.8920+0.089%$106K$3.2M20xas long as short
Polymarket Perps UNI-USD+0.0100%1h8.8895+0.061%$94K$334K10xas long as short
Orderly PERP_UNI_USDC+0.0100%8h8.8900+0.066%$16K$1.7M10xas long as short
SunX UNI-USDT+0.0100%8h8.8968+0.143%$36K$1.3M30xas long as short
SoDEX UNI-USD+0.0100%1h8.8910+0.078%$25K$666K10xas long as short
HTX UNI-USDT+0.0100%8h8.9063+0.250%$723K$4.3M75xas long as short
Phemex UNIUSDT+0.0100%8h8.8930+0.100%$26.8M$4.3M50xas long as short
Extended UNI-USD+0.0104%1h8.8867+0.029%$308K$1.5M25xas long as short
Aevo UNI-PERP+0.0104%1h8.8926+0.096%$32K$1K3xas long as short
Coinbase International UNI-PERP-INTXshort+0.0200%1h8.9020+0.201%$1.0M$5.4M50x
BloFin UNI-USDT+0.0220%8h8.8860+0.021%$9.8M$3.4M75xas long as short
Kraken Futures PF_UNIUSD+0.0267%1h8.8974+0.150%$4.9M$7.1M50xas long as short
Hyperliquid UNI+0.0303%1h8.9046+0.231%$96.9M$59.8M10xas long as short
Reya UNIRUSDPERP+0.0360%1h8.8882+0.046%$16K20xas long as short
GMX UNI/USD [UNI-USDC]L +0.0379% / S −0.0320%1h8.8920+0.089%$558K120xas long as short
Aftermath Perps UNIUSD+0.0543%1h8.9056+0.242%$1K$50K10xas long as short
Lighter UNI+0.0584%1h8.9139+0.335%$4.6M$5.4M15xas long as short
Injective UNI/USDC PERP+0.2702%1h8.7900−1.059%$657$97K12xas long as short