Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0012%/8h= +1.3% APRpaid last 24h −0.003%

Price spread now: BloFin against Coinbase International+0.101%58s7-day average −0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$13as 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−$460.462% of the position

Long on Coinbase International Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.330%+$33 on $10k

Price spread, last 4 days (all we have)−0.035%−$4 · spread now +0.101%, 7d avg −0.016%

Together, before fees+0.294%+$29 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and BloFin is 0.117% dearer against Coinbase International than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of −0.016%. The two prices were read 58 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	Coinbase International UNI-PERP-INTX	8.8720	0.0208	pay 0.0026% / 1h	27m 56s	$923K	$5.4M	50x
Short	BloFin UNI-USDT	8.8810	0.0220	get 0.0220% / 8h	7h 27m	$10.2M	$3.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Coinbase International. 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 Coinbase InternationalbpFee BloFinbpOrdersPrice spread, now +0.101%Rate

Funding earned: $2.52
Price spread: +0.101% → −0.016%: $11.73
Slippage, 4 orders: −$24.16
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$31.91
Costs to cover: 0.462%
Break-even: 95.6 days

Slippage from Coinbase International: live order book, 1 min ago; BloFin: live order book, 6 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 Coinbase International live order book, 1 min ago	4.51 bp	15.0 bp −$15	19.4 bp −$194	doesn't fit	doesn't fit
Sell BloFin live order book, 6 min ago	0.56 bp	7.5 bp −$7	12.0 bp −$120	37.1 bp −$3,711	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
Kraken Futures PF_UNIUSD	−0.0062%	1h	8.8734	+0.016%	$4.7M	$8.5M	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0005%	1h	8.8609	−0.125%	$76K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−0.473%	$660	$153K	12x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0062%	1h	8.8695	−0.029%	$588K	$273K	50x	as long as short
01 Exchange UNIUSD	+0.0088%	1h	8.8631	−0.100%	$442	$5	10x	as long as short
Nado UNI-PERP	+0.0092%	1h	8.8600	−0.135%	$729K	$4.5M	10x	as long as short
Lighter UNI	+0.0096%	1h	8.8812	+0.104%	$4.4M	$5.4M	15x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8623	−0.110%	$25K	—	20x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.8729	+0.010%	$725K	$3.2M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.8655	−0.073%	$286K	$562K	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	8.8720	0.000%	$216.0M	$645.4M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	8.8690	−0.034%	$98.4M	$109.8M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	8.8700	−0.023%	$54.3M	$259.7M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.8710	−0.011%	$321K	$701K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.8710	−0.011%	$26.7M	$62.7M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.8710	−0.011%	$47.4M	$25.4M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.8710	−0.011%	$12.9M	$13.2M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8710	−0.011%	$33.0M	$45.8M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	8.8690	−0.034%	—	$58.1M	—	as long as short
Variational Omni UNI	+0.0100%	8h	8.8820	+0.113%	$4.1M	$4.0M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8854	+0.151%	$168K	$348K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8720	0.000%	$620K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8900	+0.203%	$90K	$710K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8840	+0.135%	$14K	$3.5M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.8650	−0.079%	$104K	$615K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8630	−0.101%	$17K	$2.4M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.8728	+0.009%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.8665	−0.062%	$32K	$892K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.8854	+0.151%	$704K	$4.7M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8760	+0.045%	$26.8M	$4.4M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8668	−0.059%	$299K	$1.8M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8659	−0.069%	$31K	—	3x	as long as short
Backpack UNI_USDC_PERP	+0.0150%	1h	8.8796	+0.086%	$1.1M	$2.5M	10x	as long as short
Hyperliquid UNI	+0.0153%	1h	8.8844	+0.140%	$95.0M	$67.7M	10x	as long as short
Coinbase International UNI-PERP-INTXlong	+0.0208%	1h	8.8720	long leg	$923K	$5.4M	50x
BloFin UNI-USDTshort	+0.0220%	8h	8.8810	+0.101%	$10.2M	$3.6M	75x
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	8.8606	−0.128%	$630K	—	120x	as long as short
Reya UNIRUSDPERP	+0.0383%	1h	8.8610	−0.124%	$16K	—	20x	as long as short
Aftermath Perps UNIUSD	+0.0433%	1h	8.8953	+0.262%	$1K	$52K	10x	as long as short
dYdX UNI-USD	+0.0556%	1h	8.8636	−0.095%	$233K	$31K	10x	as long as short