UNI

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0120%/8h= −13.1% APRnext payment −$0.15 per $10,000 · paid last 24h −0.016%

Price spread now: Extended against Coinbase International−0.362%7-day average −0.093% · you buy dearer than you sell

Net, funding: paid 7d − costs−$14as in the Funding arb table

Net, price: spread back to 7d avg − costs−$63as in the Price arb table

costs, in and out, $10k−$360.359% of the position

Long on Coinbase International Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.223%+$22 on $10k

Price spread, last 3 days (all we have)+0.183%+$18 · spread now −0.362%, 7d avg −0.093%

Together, before fees+0.406%+ Points / potential airdropExtended: Active · farm board+$41 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Extended is 0.269% cheaper against Coinbase International than usual: you would sell low and buy high (−$27 if the spread goes back to its 7-day average of −0.093%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.223%, 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	8.9320	0.0224	pay 0.0028% / 1h	14m 02s	$1.1M	$5.3M	50x
Short	Extended UNI-USD	8.8997	0.0104	get 0.0013% / 1h	14m 02s	$302K	$1.5M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.362%Rate

Funding earned: −$25.2
Price spread: −0.362% → −0.093%: −$26.9
Slippage, 4 orders: −$20.87
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$87.97
Costs to cover: 0.359%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 5 min ago; Extended: live order book, 4 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, 5 min ago	2.81 bp	11.1 bp −$11	16.0 bp −$160	doesn't fit	doesn't fit
Sell Extended live order book, 4 min ago	0.06 bp	5.0 bp −$5	8.8 bp −$88	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
Variational Omni UNI	−0.0045%	8h	8.9174	−0.164%	$3.9M	$4.5M	—	as long as short
Bybit UNIUSDT	+0.0004%	8h	8.9020	−0.336%	$101.6M	$104.7M	75x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	8.9186	−0.150%	$62K	—	150x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0014%	1h	8.9196	−0.139%	$567K	$157K	50x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−1.142%	$660	$155K	12x	as long as short
OKX UNI-USDT-SWAP	+0.0048%	8h	8.9010	−0.347%	$55.1M	$245.7M	50x	as long as short
01 Exchange UNIUSD	+0.0064%	1h	8.9221	−0.111%	$445	—	10x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.9182	−0.155%	$25K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.9205	−0.129%	$945K	$4.0M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.9143	−0.198%	$1.0M	$3.3M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica UNI	+0.0100%	1h	8.9252	−0.076%	$301K	$577K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.9040	−0.313%	$218.8M	$589.4M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.9260	−0.067%	$275K	$621K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.9050	−0.302%	$23.0M	$58.7M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.9070	−0.280%	$43.1M	$24.5M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.9150	−0.190%	$13.6M	$13.8M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.9010	−0.347%	$32.2M	$41.4M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.9040	−0.313%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.9105	−0.241%	$989K	$2.3M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8836	−0.542%	$167K	$344K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8880	−0.493%	$627K	$2.5M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8860	−0.515%	$88K	$712K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.9200	−0.134%	$106K	$3.2M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.9186	−0.150%	$86K	$354K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.9140	−0.202%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.9253	−0.075%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.9150	−0.190%	$25K	$666K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.9312	−0.009%	$732K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.9120	−0.224%	$26.8M	$4.4M	50x	as long as short
Extended UNI-USDshort	+0.0104%	1h	8.8997	−0.362%	$302K	$1.5M	25x
Aevo UNI-PERP	+0.0104%	1h	8.9143	−0.198%	$32K	$1K	3x	as long as short
dYdX UNI-USD	+0.0117%	1h	8.9253	−0.075%	$247K	$6K	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.9220	−0.112%	$9.9M	$3.4M	75x	as long as short
Coinbase International UNI-PERP-INTXlong	+0.0224%	1h	8.9320	long leg	$1.1M	$5.3M	50x
Kraken Futures PF_UNIUSD	+0.0339%	1h	8.9212	−0.121%	$5.0M	$7.0M	50x	as long as short
Reya UNIRUSDPERP	+0.0362%	1h	8.9150	−0.191%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0379% / S −0.0319%	1h	8.9179	−0.158%	$559K	—	120x	as long as short
Hyperliquid UNI	+0.0396%	1h	8.9197	−0.138%	$98.2M	$59.3M	10x	as long as short
Lighter UNI	+0.0632%	1h	8.9328	+0.009%	$4.6M	$5.2M	15x	as long as short
Aftermath Perps UNIUSD	+0.0645%	1h	8.9014	−0.342%	$1K	$49K	10x	as long as short