UNI

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0196%/8h= +21.5% APRnext payment +$0.24 per $10,000 · paid last 24h +0.030%

Price spread now: Coinbase International against Backpack−0.173%7-day average −0.015% · you buy dearer than you sell

Net, funding: paid 7d − costs−$53as in the Funding arb table

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

costs, in and out, $10k−$380.376% of the position

Long on Backpack Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.155%−$16 on $10k

Price spread, last 4 days (all we have)+0.622%+$62 · spread now −0.173%, 7d avg −0.015%

Together, before fees+0.467%+$47 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.158% cheaper against Backpack than usual: you would sell low and buy high (spread −0.173% now, against its 7-day average of −0.015%). If the spread goes back, that is −$16 on $10k: about 2.7 days of funding at the current rate (+$6 a day). Mind the row above: over the last 7 days funding on this pair cost −0.155%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack UNI_USDC_PERP	9.1308	0.0100	pay 0.0013% / 1h	35m 54s	$994K	$2.2M	10x
Short	Coinbase International UNI-PERP-INTX	9.1150	0.0296	get 0.0037% / 1h	35m 54s	$1.1M	$5.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Backpack. 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 BackpackbpFee Coinbase InternationalbpOrdersPrice spread, now −0.173%Rate

Funding earned: $41.16
Price spread: −0.173% → −0.015%: −$15.82
Slippage, 4 orders: −$17.58
Fee Backpack: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$12.23
Costs to cover: 0.376%
Break-even: 9.1 days

Slippage from Backpack: live order book, 3 min ago; Coinbase International: live order book, 3 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 Backpack live order book, 3 min ago	0.61 bp	6.5 bp −$7	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 3 min ago	4.41 bp	11.5 bp −$12	17.5 bp −$175	54.7 bp −$5,472	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 −0.0006%	1h	9.1215	−0.102%	$24K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−3.294%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0072%	1h	9.0917	−0.428%	$454	$5	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.0850	−0.502%	$950K	$4.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.1284	−0.026%	$1.0M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.0912	−0.434%	$296K	$568K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.1201	−0.117%	$227.1M	$610.1M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.1160	−0.162%	$102.4M	$107.9M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.1160	−0.162%	$56.3M	$253.6M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.0990	−0.348%	$288K	$619K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate UNI_USDT	+0.0100%	8h	9.1190	−0.129%	$23.5M	$59.6M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.1200	−0.118%	$49.3M	$25.1M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.1240	−0.074%	$13.6M	$12.9M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.1180	−0.140%	$33.4M	$42.6M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	9.1170	−0.151%	—	$56.5M	—	as long as short
Backpack UNI_USDC_PERPlong	+0.0100%	1h	9.1308	long leg	$994K	$2.2M	10x
Variational Omni UNI	+0.0100%	8h	9.1137	−0.187%	$4.2M	$4.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.0903	−0.443%	$171K	$344K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0631	−0.741%	$633K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0510	−0.874%	$89K	$695K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0580	−0.797%	$40K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.0908	−0.438%	$88K	$412K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.1170	−0.151%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.1279	−0.032%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.1230	−0.085%	$22K	$755K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.1300	−0.009%	$712K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.1230	−0.085%	$27.6M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.0873	−0.477%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.1170	−0.151%	$302K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.1220	−0.096%	$32K	—	3x	as long as short
dYdX UNI-USD	+0.0121%	1h	9.0932	−0.412%	$239K	$30K	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.0790	−0.567%	$10.4M	$3.6M	75x	as long as short
Kraken Futures PF_UNIUSD	+0.0269%	1h	9.1309	+0.001%	$5.1M	$7.3M	50x	as long as short
Coinbase International UNI-PERP-INTXshort	+0.0296%	1h	9.1150	−0.173%	$1.1M	$5.0M	50x
Reya UNIRUSDPERP	+0.0370%	1h	9.0846	−0.506%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.1181	−0.139%	$647K	—	120x	as long as short
Hyperliquid UNI	+0.0551%	1h	9.1386	+0.085%	$99.2M	$59.6M	10x	as long as short
Lighter UNI	+0.0560%	1h	9.1396	+0.096%	$4.7M	$5.6M	15x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0602%	1h	9.1294	−0.015%	$587K	$192K	50x	as long as short
Aftermath Perps UNIUSD	+0.0948%	1h	9.0896	−0.451%	$882	$47K	10x	as long as short