Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0124%/8h= +13.6% APRpaid last 24h +0.017%

Price spread now: Coinbase International against Gate+0.011%7-day average +0.028% · you sell dearer than you buy

Net, funding: paid 7d − costs−$60as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$530.525% of the position

Long on Gate Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.072%−$7 on $10k

Price spread, last 3 days (all we have)+0.196%+$20 · spread now +0.011%, 7d avg +0.028%

Together, before fees+0.124%+$12 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.028%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.072%, 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	Gate UNI_USDT	8.8500	0.0100	pay 0.0100% / 8h	1h 25m	$23.0M	$58.6M	75x
Short	Coinbase International UNI-PERP-INTX	8.8510	0.0224	get 0.0028% / 1h	25m 54s	$1.0M	$5.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Gate. 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 GatebpFee Coinbase InternationalbpOrdersPrice spread, now +0.011%Rate

Funding earned: $26.04
Price spread: +0.011% → +0.028%: −$1.69
Slippage, 4 orders: −$27.54
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$28.19
Costs to cover: 0.525%
Break-even: 14.6 days

Slippage from Gate: 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 Gate live order book, 3 min ago	0.57 bp	12.0 bp −$12	20.6 bp −$206	39.4 bp −$3,938	62.0 bp −$31.0K
Sell Coinbase International live order book, 3 min ago	1.70 bp	12.9 bp −$13	18.0 bp −$180	50.4 bp −$5,035	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	−0.0066%	8h	8.8274	−0.255%	$3.9M	$4.5M	—	as long as short
Bybit UNIUSDT	−0.0005%	8h	8.8480	−0.023%	$100.9M	$104.4M	75x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	8.8485	−0.017%	$61K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−0.226%	$660	$155K	12x	as long as short
OKX UNI-USDT-SWAP	+0.0043%	8h	8.8500	0.000%	$54.8M	$244.0M	50x	as long as short
01 Exchange UNIUSD	+0.0056%	1h	8.8482	−0.020%	$442	—	10x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0080%	1h	8.8503	+0.003%	$562K	$157K	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8410	−0.102%	$25K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.8445	−0.062%	$940K	$4.0M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.8570	+0.079%	$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	8.8514	+0.016%	$297K	$570K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.8500	0.000%	$217.2M	$588.1M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.8520	+0.023%	$282K	$615K	10x	as long as short
Gate UNI_USDTlong	+0.0100%	8h	8.8500	long leg	$23.0M	$58.6M	75x
MEXC UNI_USDT	+0.0100%	8h	8.8430	−0.079%	$42.8M	$24.5M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.8480	−0.023%	$13.5M	$13.8M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8500	0.000%	$32.1M	$41.4M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.8470	−0.034%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8470	−0.034%	$982K	$2.3M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8335	−0.187%	$166K	$342K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8402	−0.111%	$613K	$2.5M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8370	−0.147%	$87K	$712K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8280	−0.249%	$105K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.8468	−0.036%	$86K	$353K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8460	−0.045%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.8470	−0.034%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.8420	−0.090%	$25K	$666K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.8526	+0.029%	$727K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8420	−0.090%	$26.6M	$4.4M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8417	−0.094%	$300K	$1.4M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8461	−0.044%	$31K	$1K	3x	as long as short
dYdX UNI-USD	+0.0160%	1h	8.8503	+0.003%	$245K	$6K	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.8350	−0.169%	$9.8M	$3.3M	75x	as long as short
Coinbase International UNI-PERP-INTXshort	+0.0224%	1h	8.8510	+0.011%	$1.0M	$5.3M	50x
Hyperliquid UNI	+0.0313%	1h	8.8651	+0.171%	$97.2M	$59.3M	10x	as long as short
Kraken Futures PF_UNIUSD	+0.0342%	1h	8.8496	−0.004%	$4.9M	$7.0M	50x	as long as short
Reya UNIRUSDPERP	+0.0362%	1h	8.8415	−0.096%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0379% / S −0.0319%	1h	8.8464	−0.040%	$554K	—	120x	as long as short
Lighter UNI	+0.0600%	1h	8.8609	+0.123%	$4.5M	$5.2M	15x	as long as short
Aftermath Perps UNIUSD	+0.0623%	1h	8.8381	−0.135%	$1K	$49K	10x	as long as short