Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.036%

Price spread now: Coinbase International against SunX−0.232%7-day average −0.032% · you buy dearer than you sell

Net, funding: paid 7d − costs−$79as in the Funding arb table

Net, price: spread back to 7d avg − costs−$83as in the Price arb table

costs, in and out, $10k−$630.634% of the position

Long on SunX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.151%−$15 on $10k

Price spread, last 4 days (all we have)+0.128%+$13 · spread now −0.232%, 7d avg −0.032%

Together, before fees−0.023%−$2 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.201% cheaper against SunX than usual: you would sell low and buy high (spread −0.232% now, against its 7-day average of −0.032%). If the spread goes back, that is −$20 on $10k: about 6.7 days of funding at the current rate (+$3 a day). Mind the row above: over the last 7 days funding on this pair cost −0.151%, 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	SunX UNI-USDT	8.8606	0.0100	pay 0.0100% / 8h	19m 52s	$36K	$1.3M	30x
Short	Coinbase International UNI-PERP-INTX	8.8400	0.0200	get 0.0025% / 1h	19m 52s	$920K	$5.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against SunX. 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 SunXbpFee Coinbase InternationalbpOrdersPrice spread, now −0.232%Rate

Funding earned: $21
Price spread: −0.232% → −0.032%: −$20.06
Slippage, 4 orders: −$45.41
Fee SunX: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$62.48
Costs to cover: 0.634%
Break-even: 27.8 days

Slippage from SunX: live order book, 4 min ago; Coinbase International: 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 SunX live order book, 4 min ago	6.24 bp	23.4 bp −$23	41.0 bp −$410	doesn't fit	doesn't fit
Sell Coinbase International live order book, 4 min ago	3.40 bp	12.8 bp −$13	16.6 bp −$166	47.8 bp −$4,782	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	−0.0307%	1h	8.8605	−0.001%	$4.7M	$8.6M	50x	as long as short
01 Exchange UNIUSD	−0.0016%	1h	8.8583	−0.026%	$442	$5	10x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0005%	1h	8.8600	−0.007%	$73K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−0.345%	$660	$153K	12x	as long as short
Nado UNI-PERP	+0.0036%	1h	8.8522	−0.094%	$725K	$4.7M	10x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0066%	1h	8.8622	+0.018%	$587K	$269K	50x	as long as short
Polymarket Perps UNI-USD	+0.0068%	1h	8.8561	−0.051%	$105K	$615K	10x	as long as short
Lighter UNI	+0.0096%	1h	8.8682	+0.086%	$4.4M	$5.6M	15x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8516	−0.102%	$25K	—	20x	as long as short
Hyperliquid UNI	+0.0100%	1h	8.8670	+0.072%	$94.4M	$67.6M	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster UNIUSDT	+0.0100%	8h	8.8621	+0.016%	$720K	$3.3M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.8537	−0.078%	$286K	$599K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.8571	−0.039%	$214.5M	$651.7M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	8.8560	−0.052%	$98.0M	$110.5M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	8.8560	−0.052%	$54.2M	$261.3M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.8620	+0.016%	$316K	$690K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.8590	−0.018%	$26.1M	$66.5M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.8570	−0.041%	$48.0M	$26.3M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.8570	−0.041%	$13.0M	$13.3M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8580	−0.029%	$32.4M	$45.2M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.8570	−0.041%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8663	+0.064%	$1.0M	$2.5M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	8.8330	−0.312%	$4.1M	$4.1M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8146	−0.519%	$167K	$346K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8199	−0.459%	$612K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8200	−0.458%	$89K	$709K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8400	−0.232%	$14K	$3.4M	20x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8520	−0.097%	$16K	$2.2M	10x	as long as short
SunX UNI-USDTlong	+0.0100%	8h	8.8606	long leg	$36K	$1.3M	30x
SoDEX UNI-USD	+0.0100%	1h	8.8555	−0.058%	$32K	$886K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.8637	+0.035%	$700K	$4.7M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8530	−0.086%	$26.7M	$4.5M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8542	−0.073%	$285K	$1.7M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8580	−0.029%	$31K	—	3x	as long as short
Coinbase International UNI-PERP-INTXshort	+0.0200%	1h	8.8400	−0.232%	$920K	$5.4M	50x
BloFin UNI-USDT	+0.0220%	8h	8.8360	−0.278%	$10.1M	$3.6M	75x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0243%	1h	8.8585	−0.024%	$630K	—	120x	as long as short
Reya UNIRUSDPERP	+0.0381%	1h	8.8512	−0.106%	$16K	—	20x	as long as short
Aftermath Perps UNIUSD	+0.0403%	1h	8.8426	−0.203%	$977	$52K	10x	as long as short
dYdX UNI-USD	+0.0559%	1h	8.8474	−0.149%	$233K	$30K	10x	as long as short