Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0092%/8h= −10.1% APRpaid last 24h −0.040%

Price spread now: Binance against Coinbase International−0.185%7-day average −0.015% · you buy dearer than you sell

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs−$60as in the Price arb table

costs, in and out, $10k−$430.426% of the position

Long on Coinbase International Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.088%+$9 on $10k

Price spread, last 4 days (all we have)+0.088%+$9 · spread now −0.185%, 7d avg −0.015%

Together, before fees+0.176%+$18 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Binance is 0.170% cheaper against Coinbase International than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of −0.015%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.088%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International UNI-PERP-INTX	8.9370	0.0192	pay 0.0024% / 1h	30m 57s	$931K	$5.5M	50x
Short	Binance UNIUSDT	8.9205	0.0100	get 0.0100% / 8h	1h 30m	$215.3M	$658.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Coinbase International. 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 Coinbase InternationalbpFee BinancebpOrdersPrice spread, now −0.185%Rate

Funding earned: −$19.32
Price spread: −0.185% → −0.015%: −$17.03
Slippage, 4 orders: −$22.57
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$78.93
Costs to cover: 0.426%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 3 min ago; Binance: live order book, 13 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 Coinbase International live order book, 3 min ago	6.71 bp	16.1 bp −$16	22.2 bp −$222	77.1 bp −$7,713	doesn't fit
Sell Binance live order book, 13 min ago	0.56 bp	5.9 bp −$6	13.3 bp −$133	41.8 bp −$4,181	155.2 bp −$77.6K

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
Polymarket Perps UNI-USD	−0.0167%	1h	8.9206	−0.184%	$107K	$619K	10x	as long as short
Kraken Futures PF_UNIUSD	−0.0017%	1h	8.9314	−0.063%	$4.7M	$8.7M	50x	as long as short
01 Exchange UNIUSD	−0.0008%	1h	8.9229	−0.158%	$445	$5	10x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0007%	1h	8.9289	−0.090%	$49K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−1.197%	$660	$153K	12x	as long as short
Nado UNI-PERP	+0.0086%	1h	8.9215	−0.173%	$738K	$4.7M	10x	as long as short
Lighter UNI	+0.0096%	1h	8.9372	+0.002%	$4.5M	$5.7M	15x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.9156	−0.239%	$25K	—	20x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.9281	−0.099%	$735K	$3.6M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.9226	−0.161%	$285K	$591K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance UNIUSDTshort	+0.0100%	8h	8.9205	−0.185%	$215.3M	$658.8M	75x
Bybit UNIUSDT	+0.0100%	8h	8.9190	−0.201%	$99.1M	$112.0M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	8.9220	−0.168%	$54.2M	$266.1M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.9270	−0.112%	$318K	$698K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.9270	−0.112%	$25.1M	$66.6M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.9240	−0.145%	$49.1M	$26.5M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.9320	−0.056%	$13.1M	$13.4M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.9220	−0.168%	$32.6M	$45.4M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.9210	−0.179%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.9350	−0.022%	$1.1M	$2.5M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	8.8889	−0.538%	$4.1M	$4.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.9342	−0.032%	$169K	$347K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.9190	−0.201%	$630K	$2.7M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.9420	+0.056%	$90K	$709K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.9170	−0.224%	$15K	$3.5M	20x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.9280	−0.101%	$16K	$1.9M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.9378	+0.009%	$36K	$1.4M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.9250	−0.134%	$32K	$885K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.9336	−0.038%	$699K	$4.8M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.9290	−0.090%	$26.9M	$4.5M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.9184	−0.209%	$294K	$1.7M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.9303	−0.075%	$32K	—	3x	as long as short
dYdX UNI-USD	+0.0165%	1h	8.9174	−0.219%	$235K	$31K	10x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0171%	1h	8.9380	+0.011%	$589K	$250K	50x	as long as short
Coinbase International UNI-PERP-INTXlong	+0.0192%	1h	8.9370	long leg	$931K	$5.5M	50x
BloFin UNI-USDT	+0.0220%	8h	8.9230	−0.157%	$10.0M	$3.6M	75x	as long as short
Hyperliquid UNI	+0.0250%	1h	8.9350	−0.022%	$95.0M	$67.6M	10x	as long as short
Reya UNIRUSDPERP	+0.0378%	1h	8.9208	−0.182%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0243%	1h	8.9281	−0.100%	$635K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0484%	1h	8.9244	−0.141%	$1K	$53K	10x	as long as short