UNI

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0150%/8h= −16.4% APRnext payment −$0.19 per $10,000 · paid last 24h −0.017%

Price spread now: Coinbase International against GMX+0.015%7-day average −0.011% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on GMX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.280%−$28 on $10k

Price spread, last 3 days (all we have)+0.010%+$1 · spread now +0.015%, 7d avg −0.011%

Together, before fees−0.270%−$27 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.026% dearer against GMX than usual: you sell high and buy low (spread +0.015% now, against its 7-day average of −0.011%): +$3 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 14 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX UNI/USD [UNI-USDC]	9.0116	L +0.0382% / S −0.0323%	pay 0.0048% / 1h	19m 21s	$570K	—	120x
Short	Coinbase International UNI-PERP-INTX	9.0130	0.0232	get 0.0029% / 1h	19m 21s	$1.1M	$5.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against GMX. 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 GMXbpFee Coinbase InternationalbpOrdersPrice spread, now +0.015%Rate

Funding earned: −$31.4
Price spread: +0.015% → −0.011%: $2.59
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$50.81
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Coinbase International: live order book, 5 min ago. Net counts fees only.

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 GMX no order-book sample	—	—	—	—	—
Sell Coinbase International live order book, 5 min ago	5.56 bp	12.9 bp −$13	20.7 bp −$207	87.6 bp −$8,755	doesn't fit

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Injective UNI/USDC PERP	−0.0049%	1h	8.8300	−2.016%	$660	$155K	12x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	9.0105	−0.013%	$62K	—	150x	as long as short
Variational Omni UNI	+0.0063%	8h	9.0063	−0.059%	$4.1M	$4.4M	—	as long as short
OKX UNI-USDT-SWAP	+0.0094%	8h	9.0080	−0.040%	$55.0M	$250.2M	50x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0094%	1h	9.0083	−0.038%	$580K	$176K	50x	as long as short
Bybit UNIUSDT	+0.0096%	8h	9.0080	−0.040%	$102.1M	$105.2M	75x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.0120	+0.004%	$955K	$4.2M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.0210	+0.104%	$1.0M	$3.3M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.0046	−0.078%	$298K	$591K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.0118	+0.002%	$223.0M	$590.3M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus UNI-USD	+0.0100%	1h	9.0250	+0.148%	$266K	$632K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.0120	+0.004%	$23.0M	$58.9M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0120	+0.004%	$43.9M	$24.1M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0120	+0.004%	$13.7M	$13.5M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0000	−0.129%	$32.9M	$42.0M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.0110	−0.007%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.0056	−0.067%	$1.0M	$2.4M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.9766	−0.389%	$169K	$343K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.9890	−0.252%	$631K	$2.5M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.9810	−0.340%	$88K	$712K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0140	+0.026%	$36K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.0166	+0.055%	$85K	$364K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.0120	+0.004%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.0201	+0.094%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.0040	−0.085%	$21K	$676K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.0248	+0.146%	$722K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.0010	−0.118%	$27.2M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.9991	−0.139%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	8.9993	−0.137%	$303K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0112	−0.005%	$32K	$1K	3x	as long as short
01 Exchange UNIUSD	+0.0168%	1h	9.0213	+0.107%	$450	—	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.0100	−0.018%	$10.0M	$3.5M	75x	as long as short
Coinbase International UNI-PERP-INTXshort	+0.0232%	1h	9.0130	+0.015%	$1.1M	$5.4M	50x
dYdX UNI-USD	+0.0249%	1h	9.0018	−0.110%	$249K	$6K	10x	as long as short
Reya UNIRUSDPERP	+0.0364%	1h	9.0094	−0.025%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]long	L +0.0382% / S −0.0323%	1h	9.0116	long leg	$570K	—	120x
Hyperliquid UNI	+0.0499%	1h	9.0248	+0.146%	$99.1M	$59.1M	10x	as long as short
Kraken Futures PF_UNIUSD	+0.0562%	1h	9.0096	−0.023%	$5.0M	$7.0M	50x	as long as short
Aftermath Perps UNIUSD	+0.0825%	1h	9.0096	−0.022%	$1K	$49K	10x	as long as short
Lighter UNI	+0.0880%	1h	9.0205	+0.098%	$4.6M	$5.3M	15x	as long as short