Settings8H · net · $10k
Funding arb · Price arb /

UNI

all UNI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0212%/8h= +23.2% APRnext payment +$0.27 per $10,000 · paid last 24h +0.030%
Price spread now: Coinbase International against Arcus−0.228%7-day average −0.053% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$65as in the Price arb table
costs, in and out, $10k−$480.476% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.076%−$8 on $10k
Price spread, last 3 days (all we have)+0.209%+$21 · spread now −0.228%, 7d avg −0.053%
Together, before fees+0.133%+$13 on $10k · with fees, hour by hour
Funding pays, the price is against you. Coinbase International is 0.175% cheaper against Arcus than usual: you would sell low and buy high (spread −0.228% now, against its 7-day average of −0.053%). If the spread goes back, that is −$18 on $10k: about 2.8 days of funding at the current rate (+$6 a day). Mind the row above: over the last 3 days funding on this pair cost −0.076%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongArcus UNI-USD9.20500.0100pay 0.0013% / 1h1m 23s$292K$619K10x
ShortCoinbase International UNI-PERP-INTX9.18400.0312get 0.0039% / 1h1m 23s$1.1M$4.7M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against Arcus. 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

Funding earned
$44.52
Price spread: −0.228% → −0.053%
−$17.54
Slippage, 4 orders
−$33.12
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
−$20.64
Costs to cover
0.476%
Break-even
10.2 days
Slippage from Arcus: live order book, 2 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
LegHalf-spread$10k$100k$1M$5M
Buy Arcus live order book, 2 min ago5.98 bp8.5 bp −$815.4 bp −$154doesn't fitdoesn't fit
Sell Coinbase International live order book, 3 min ago4.90 bp10.9 bp −$1116.4 bp −$16466.3 bp −$6,631doesn't fit

UNI on 39 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) UNI/USDL +0.0004% / S −0.0007%1h9.1929−0.132%$26K150xas long as short
Injective UNI/USDC PERP+0.0033%1h8.8300−4.074%$660$154K12xas long as short
01 Exchange UNIUSD+0.0072%1h9.1968−0.089%$459$510xas long as short
dYdX UNI-USD+0.0076%1h9.1841−0.227%$242K$30K10xas long as short
Nado UNI-PERP+0.0100%1h9.1835−0.234%$975K$4.3M10xas long as short
Aster UNIUSDT+0.0100%8h9.1970−0.087%$1.1M$2.9M50xas long as short
Pacifica UNI+0.0100%1h9.1887−0.177%$300K$568K10xas long as short
Binance UNIUSDT+0.0100%8h9.1951−0.107%$230.1M$607.3M75xas long as short
Bybit UNIUSDT+0.0100%8h9.1910−0.152%$103.2M$107.3M75xas long as short
OKX UNI-USDT-SWAP+0.0100%8h9.1810−0.261%$56.9M$255.5M50xas long as short
Show all 39 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Arcus UNI-USDlong+0.0100%1h9.2050long leg$292K$619K10x
Gate UNI_USDT+0.0100%8h9.1910−0.152%$23.6M$59.5M75xas long as short
MEXC UNI_USDT+0.0100%8h9.1950−0.109%$49.9M$26.5M200xas long as short
KuCoin UNIUSDTM+0.0100%8h9.1910−0.152%$13.8M$12.8M75xas long as short
Bitget UNIUSDT+0.0100%8h9.1880−0.185%$33.6M$42.4M75xas long as short
BingX UNI-USDT+0.0100%8h9.1940−0.120%$56.8Mas long as short
Backpack UNI_USDC_PERP+0.0100%1h9.1792−0.280%$1.0M$2.3M10xas long as short
Variational Omni UNI+0.0100%8h9.1159−0.968%$4.2M$4.3Mas long as short
edgeX UNIUSDC+0.0100%4h9.1826−0.243%$173K$346K20xas long as short
GRVT UNI_USDT_Perp+0.0100%8h9.1739−0.338%$638K$2.6M10xas long as short
ApeX Omni UNIUSDT+0.0100%1h9.1930−0.130%$90K$699K50xas long as short
StandX UNI-USD+0.0100%1h9.1940−0.120%$57K$3.3M20xas long as short
Polymarket Perps UNI-USD+0.0100%1h9.1902−0.161%$89K$408K10xas long as short
Orderly PERP_UNI_USDC+0.0100%8h9.1780−0.293%$16K$1.7M10xas long as short
SunX UNI-USDT+0.0100%8h9.1922−0.139%$37K$1.3M30xas long as short
SoDEX UNI-USD+0.0100%1h9.1805−0.266%$22K$727K10xas long as short
HTX UNI-USDT+0.0100%8h9.1912−0.150%$730K$4.2M75xas long as short
Phemex UNIUSDT+0.0100%8h9.1780−0.293%$27.7M$4.5M50xas long as short
Paradex UNI-USD-PERP+0.0100%8h9.1812−0.259%$26K20xas long as short
Extended UNI-USD+0.0104%1h9.1883−0.181%$304K$1.5M25xas long as short
Aevo UNI-PERP+0.0104%1h9.1800−0.272%$33K3xas long as short
Hyperliquid UNI+0.0284%1h9.2064+0.015%$100.2M$59.1M10xas long as short
Coinbase International UNI-PERP-INTXshort+0.0312%1h9.1840−0.228%$1.1M$4.7M50x
Deribit UNI_USDC-PERPETUAL+0.0332%1h9.1845−0.223%$596K$188K50xas long as short
Reya UNIRUSDPERP+0.0369%1h9.1862−0.204%$17K20xas long as short
GMX UNI/USD [UNI-USDC]L +0.0381% / S −0.0244%1h9.1936−0.124%$655K120xas long as short
Kraken Futures PF_UNIUSD+0.0417%1h9.1858−0.209%$5.1M$6.9M50xas long as short
Lighter UNI+0.0520%1h9.2063+0.014%$4.7M$5.3M15xas long as short
Aftermath Perps UNIUSD+0.0913%1h9.1562−0.530%$1K$48K10xas long as short