UNI

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0109%/8h= −11.9% APRnext payment −$0.14 per $10,000 · paid last 24h −0.035%

Price spread now: Deribit against Coinbase International−0.014%7-day average +0.022% · you buy dearer than you sell

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs−$58as in the Price arb table

costs, in and out, $10k−$540.540% of the position

Long on Coinbase International Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.052%+$5 on $10k

Price spread, last 4 days (all we have)+0.343%+$34 · spread now −0.014%, 7d avg +0.022%

Together, before fees+0.396%+$40 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Deribit is 0.037% cheaper against Coinbase International than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.022%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.052%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International UNI-PERP-INTX	8.9100	0.0208	pay 0.0026% / 1h	32m 53s	$927K	$5.4M	50x
Short	Deribit UNI_USDC-PERPETUAL	8.9087	0.0099	get 0.0012% / 1h	32m 53s	$590K	$273K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.014%Rate

Funding earned: −$22.89
Price spread: −0.014% → +0.022%: −$3.65
Slippage, 4 orders: −$37.03
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$80.57
Costs to cover: 0.540%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 6 min ago; Deribit: live order book, 1 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, 6 min ago	5.05 bp	12.2 bp −$12	17.8 bp −$178	64.8 bp −$6,481	doesn't fit
Sell Deribit live order book, 1 min ago	7.47 bp	12.2 bp −$12	20.3 bp −$203	doesn't fit	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	8.9093	−0.008%	$4.7M	$8.5M	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0005%	1h	8.9078	−0.025%	$77K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−0.898%	$660	$153K	12x	as long as short
Nado UNI-PERP	+0.0091%	1h	8.8980	−0.135%	$732K	$4.5M	10x	as long as short
Deribit UNI_USDC-PERPETUALshort	+0.0099%	1h	8.9087	−0.014%	$590K	$273K	50x
Paradex UNI-USD-PERP	+0.0100%	8h	8.8970	−0.146%	$25K	—	20x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.9056	−0.049%	$728K	$3.2M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.9040	−0.067%	$288K	$565K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.8970	−0.146%	$216.6M	$645.8M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	8.8930	−0.191%	$98.6M	$109.8M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX UNI-USDT-SWAP	+0.0100%	8h	8.8960	−0.157%	$54.4M	$260.5M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.9030	−0.079%	$322K	$701K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.9010	−0.101%	$26.8M	$62.7M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.8990	−0.123%	$47.6M	$25.4M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.9030	−0.079%	$13.0M	$13.2M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8990	−0.123%	$33.1M	$45.9M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.8970	−0.146%	—	$6.5M	—	as long as short
Variational Omni UNI	+0.0100%	8h	8.9080	−0.022%	$4.1M	$4.0M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.9141	+0.046%	$168K	$347K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.9234	+0.151%	$623K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.9170	+0.079%	$90K	$709K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.9230	+0.146%	$14K	$3.5M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.9025	−0.084%	$104K	$615K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.9030	−0.079%	$17K	$2.4M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.9087	−0.015%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.9029	−0.080%	$32K	$890K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.9223	+0.138%	$707K	$4.7M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.9090	−0.011%	$26.9M	$4.4M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8952	−0.166%	$300K	$1.8M	25x	as long as short
01 Exchange UNIUSD	+0.0104%	1h	8.8964	−0.153%	$444	$5	10x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.9032	−0.076%	$32K	—	3x	as long as short
Lighter UNI	+0.0120%	1h	8.9184	+0.094%	$4.5M	$5.4M	15x	as long as short
Hyperliquid UNI	+0.0172%	1h	8.9130	+0.034%	$95.4M	$67.7M	10x	as long as short
Backpack UNI_USDC_PERP	+0.0196%	1h	8.9100	0.000%	$1.1M	$2.5M	10x	as long as short
Coinbase International UNI-PERP-INTXlong	+0.0208%	1h	8.9100	long leg	$927K	$5.4M	50x
BloFin UNI-USDT	+0.0220%	8h	8.8990	−0.123%	$10.2M	$3.6M	75x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	8.9031	−0.078%	$633K	—	120x	as long as short
Reya UNIRUSDPERP	+0.0382%	1h	8.9178	+0.087%	$16K	—	20x	as long as short
Aftermath Perps UNIUSD	+0.0411%	1h	8.9173	+0.081%	$1K	$52K	10x	as long as short
dYdX UNI-USD	+0.0558%	1h	8.9046	−0.061%	$234K	$31K	10x	as long as short