Funding you earn now, next payment 02:00 UTC+0.0196%/8h= +21.5% APRpaid last 24h +0.033%
Price spread now: Coinbase International against KuCoin−0.099%7-day average +0.031% · you buy dearer than you sell
Net, funding: paid 7d − costs−$73as in the Funding arb table
Net, price: spread back to 7d avg − costs−$76as in the Price arb table
costs, in and out, $10k−$630.631% of the position
Funding, last 7 days−0.101%−$10 on $10k
+Price spread, last 4 days (all we have)+0.643%+$64 · spread now −0.099%, 7d avg +0.031%
=Funding pays, the price is against you. Coinbase International is 0.130% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.099% now, against its 7-day average of +0.031%). If the spread goes back, that is −$13 on $10k: about 2.2 days of funding at the current rate (+$6 a day). Mind the row above: over the last 7 days funding on this pair cost −0.101%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.101% in total (about -5.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin UNIUSDTM | 9.1210 | 0.0100 | pay 0.0100% / 8h | 5h 26m | $13.7M | $12.9M | 75x |
| Short | Coinbase International UNI-PERP-INTX | 9.1120 | 0.0296 | get 0.0037% / 1h | 26m 51s | $1.1M | $5.0M | 50x |
KuCoin UNIUSDTM
Coinbase International UNI-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against KuCoin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $41.16
- Price spread: −0.099% → +0.031%
- −$12.99
- Slippage, 4 orders
- −$41.06
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$34.9
- Costs to cover
- 0.631%
- Break-even
- 12.9 days
Slippage from KuCoin: live order book, 2 min ago; Coinbase International: live order book, 2 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 KuCoin live order book, 2 min ago | 2.75 bp | 19.0 bp −$19 | 30.2 bp −$302 | 76.1 bp −$7,612 | doesn't fit |
| Sell Coinbase International live order book, 2 min ago | 4.94 bp | 12.1 bp −$12 | 18.0 bp −$180 | 49.3 bp −$4,926 | 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) UNI/USD | L +0.0004% / S −0.0008% | 1h | 9.1067 | −0.157% | $28K | — | 150x | as long as short |
| Injective UNI/USDC PERP | +0.0033% | 1h | 8.8300 | −3.190% | $660 | $154K | 12x | as long as short |
| 01 Exchange UNIUSD | +0.0048% | 1h | 9.1073 | −0.150% | $454 | $5 | 10x | as long as short |
| Nado UNI-PERP | +0.0100% | 1h | 9.0998 | −0.233% | $941K | $4.3M | 10x | as long as short |
| Aster UNIUSDT | +0.0100% | 8h | 9.1211 | +0.001% | $1.0M | $2.9M | 50x | as long as short |
| Pacifica UNI | +0.0100% | 1h | 9.1128 | −0.090% | $297K | $567K | 10x | as long as short |
| Binance UNIUSDT | +0.0100% | 8h | 9.1130 | −0.088% | $226.8M | $609.4M | 75x | as long as short |
| Bybit UNIUSDT | +0.0100% | 8h | 9.1100 | −0.121% | $102.5M | $108.0M | 75x | as long as short |
| OKX UNI-USDT-SWAP | +0.0100% | 8h | 9.1160 | −0.055% | $56.2M | $252.5M | 50x | as long as short |
| Arcus UNI-USD | +0.0100% | 1h | 9.1130 | −0.088% | $289K | $614K | 10x | as long as short |
gTrade (Gains Network) UNI/USD
Injective UNI/USDC PERP
01 Exchange UNIUSD
Nado UNI-PERP
Aster UNIUSDT
Pacifica UNI
Binance UNIUSDT
Bybit UNIUSDT
OKX UNI-USDT-SWAP
Arcus UNI-USDShow all 40 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate UNI_USDT | +0.0100% | 8h | 9.1120 | −0.099% | $23.4M | $59.9M | 75x | as long as short |
| MEXC UNI_USDT | +0.0100% | 8h | 9.1150 | −0.066% | $49.2M | $25.1M | 200x | as long as short |
| KuCoin UNIUSDTMlong | +0.0100% | 8h | 9.1210 | long leg | $13.7M | $12.9M | 75x | |
| Bitget UNIUSDT | +0.0100% | 8h | 9.1160 | −0.055% | $33.4M | $42.6M | 75x | as long as short |
| BingX UNI-USDC | +0.0100% | 8h | 9.1110 | −0.110% | — | $6.5M | — | as long as short |
| Backpack UNI_USDC_PERP | +0.0100% | 1h | 9.1150 | −0.066% | $988K | $2.2M | 10x | as long as short |
| Variational Omni UNI | +0.0100% | 8h | 9.1396 | +0.204% | $4.3M | $4.3M | — | as long as short |
| edgeX UNIUSDC | +0.0100% | 4h | 9.1208 | −0.003% | $172K | $342K | 20x | as long as short |
| GRVT UNI_USDT_Perp | +0.0100% | 8h | 9.1134 | −0.083% | $632K | $2.6M | 10x | as long as short |
| ApeX Omni UNIUSDT | +0.0100% | 1h | 9.1490 | +0.307% | $90K | $694K | 50x | as long as short |
| StandX UNI-USD | +0.0100% | 1h | 9.1220 | +0.011% | $40K | $3.3M | 20x | as long as short |
| Polymarket Perps UNI-USD | +0.0100% | 1h | 9.1092 | −0.129% | $88K | $412K | 10x | as long as short |
| Orderly PERP_UNI_USDC | +0.0100% | 8h | 9.1030 | −0.197% | $16K | $1.7M | 10x | as long as short |
| SunX UNI-USDT | +0.0100% | 8h | 9.1069 | −0.155% | $36K | $1.3M | 30x | as long as short |
| SoDEX UNI-USD | +0.0100% | 1h | 9.1050 | −0.175% | $22K | $760K | 10x | as long as short |
| HTX UNI-USDT | +0.0100% | 8h | 9.1158 | −0.057% | $714K | $4.3M | 75x | as long as short |
| Phemex UNIUSDT | +0.0100% | 8h | 9.1150 | −0.066% | $27.6M | $4.5M | 50x | as long as short |
| Paradex UNI-USD-PERP | +0.0100% | 8h | 9.1058 | −0.166% | $26K | — | 20x | as long as short |
| Extended UNI-USD | +0.0104% | 1h | 9.1101 | −0.120% | $304K | $1.5M | 25x | as long as short |
| Aevo UNI-PERP | +0.0104% | 1h | 9.1053 | −0.172% | $32K | — | 3x | as long as short |
| dYdX UNI-USD | +0.0128% | 1h | 9.1110 | −0.110% | $240K | $30K | 10x | as long as short |
| Deribit UNI_USDC-PERPETUAL | +0.0170% | 1h | 9.1104 | −0.116% | $583K | $193K | 50x | as long as short |
| BloFin UNI-USDT | +0.0220% | 8h | 9.1130 | −0.088% | $10.4M | $3.6M | 75x | as long as short |
| Kraken Futures PF_UNIUSD | +0.0269% | 1h | 9.1122 | −0.097% | $5.1M | $7.3M | 50x | as long as short |
| Coinbase International UNI-PERP-INTXshort | +0.0296% | 1h | 9.1120 | −0.099% | $1.1M | $5.0M | 50x | |
| Reya UNIRUSDPERP | +0.0370% | 1h | 9.1065 | −0.159% | $17K | — | 20x | as long as short |
| GMX UNI/USD [UNI-USDC] | L +0.0381% / S −0.0244% | 1h | 9.1065 | −0.159% | $648K | — | 120x | as long as short |
| Hyperliquid UNI | +0.0523% | 1h | 9.1303 | +0.102% | $99.0M | $59.9M | 10x | as long as short |
| Lighter UNI | +0.0584% | 1h | 9.1237 | +0.030% | $4.7M | $5.7M | 15x | as long as short |
| Aftermath Perps UNIUSD | +0.0929% | 1h | 9.1210 | −0.001% | $957 | $47K | 10x | as long as short |
Gate UNI_USDT
MEXC UNI_USDT
Bitget UNIUSDT
BingX UNI-USDC
Backpack UNI_USDC_PERP
Variational Omni UNI
edgeX UNIUSDC
GRVT UNI_USDT_Perp
ApeX Omni UNIUSDT
StandX UNI-USD
Polymarket Perps UNI-USD
Orderly PERP_UNI_USDC
SunX UNI-USDT
SoDEX UNI-USD
HTX UNI-USDT
Phemex UNIUSDT
Paradex UNI-USD-PERP
Extended UNI-USD
Aevo UNI-PERP
dYdX UNI-USD
Deribit UNI_USDC-PERPETUAL
BloFin UNI-USDT
Kraken Futures PF_UNIUSD
Reya UNIRUSDPERP
GMX UNI/USD [UNI-USDC]
Hyperliquid UNI
Lighter UNI
Aftermath Perps UNIUSD