Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0116%/8h= +12.7% APRpaid last 24h +0.036%

Price spread now: Coinbase International against Gate+0.124%7-day average +0.034% · you sell dearer than you buy

Net, funding: paid 7d − costs−$61as in the Funding arb table

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$560.563% of the position

Long on Gate Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.052%−$5 on $10k

Price spread, last 4 days (all we have)+0.083%+$8 · spread now +0.124%, 7d avg +0.034%

Together, before fees+0.031%+$3 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Coinbase International is 0.091% dearer against Gate than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.034%. Mind the row above: over the last 7 days funding on this pair cost −0.052%, 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	Gate UNI_USDT	8.8480	0.0100	pay 0.0100% / 8h	3h 00m	$23.4M	$65.6M	75x
Short	Coinbase International UNI-PERP-INTX	8.8590	0.0216	get 0.0027% / 1h	0m 55s	$918K	$5.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Gate. 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 GatebpFee Coinbase InternationalbpOrdersPrice spread, now +0.124%Rate

Funding earned: $24.36
Price spread: +0.124% → +0.034%: $9.06
Slippage, 4 orders: −$31.31
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$22.9
Costs to cover: 0.563%
Break-even: 13.6 days

Slippage from Gate: live order book, 3 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Gate live order book, 3 min ago	0.56 bp	12.1 bp −$12	23.8 bp −$238	45.7 bp −$4,575	69.7 bp −$34.8K
Sell Coinbase International live order book, 3 min ago	5.08 bp	10.1 bp −$10	17.5 bp −$175	91.8 bp −$9,184	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
01 Exchange UNIUSD	−0.0016%	1h	8.8497	+0.019%	$442	$5	10x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0007%	1h	8.8528	+0.054%	$48K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−0.203%	$660	$154K	12x	as long as short
Lighter UNI	+0.0096%	1h	8.8645	+0.186%	$4.5M	$5.9M	15x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8456	−0.027%	$25K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.8595	+0.130%	$876K	$4.6M	10x	as long as short
Hyperliquid UNI	+0.0100%	1h	8.8552	+0.081%	$93.6M	$65.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.8521	+0.046%	$764K	$3.6M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.8474	−0.007%	$285K	$611K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.8453	−0.030%	$215.8M	$654.7M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit UNIUSDT	+0.0100%	8h	8.8430	−0.057%	$98.9M	$112.3M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	8.8420	−0.068%	$53.7M	$260.9M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.8570	+0.102%	$329K	$684K	10x	as long as short
Gate UNI_USDTlong	+0.0100%	8h	8.8480	long leg	$23.4M	$65.6M	75x
MEXC UNI_USDT	+0.0100%	8h	8.8540	+0.068%	$46.8M	$26.4M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.8530	+0.057%	$13.1M	$13.4M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8440	−0.045%	$32.5M	$46.2M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.8440	−0.045%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8591	+0.125%	$1.0M	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	8.8460	−0.023%	$4.1M	$4.2M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8574	+0.106%	$167K	$346K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8614	+0.151%	$615K	$2.8M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8590	+0.124%	$91K	$702K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8320	−0.181%	$15K	$3.4M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.8626	+0.165%	$93K	$476K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8540	+0.068%	$16K	$1.5M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.8543	+0.071%	$36K	$1.4M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.8518	+0.043%	$35K	$821K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.8780	+0.339%	$713K	$5.0M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8520	+0.045%	$26.8M	$4.3M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8476	−0.004%	$283K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8510	+0.034%	$31K	—	3x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0109%	1h	8.8584	+0.118%	$568K	$208K	50x	as long as short
dYdX UNI-USD	+0.0204%	1h	8.8504	+0.027%	$233K	$31K	10x	as long as short
Coinbase International UNI-PERP-INTXshort	+0.0216%	1h	8.8590	+0.124%	$918K	$5.8M	50x
BloFin UNI-USDT	+0.0220%	8h	8.8550	+0.079%	$10.0M	$3.6M	75x	as long as short
Kraken Futures PF_UNIUSD	+0.0275%	1h	8.8567	+0.098%	$4.8M	$8.3M	50x	as long as short
Reya UNIRUSDPERP	+0.0375%	1h	8.8497	+0.020%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	8.8530	+0.056%	$630K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0661%	1h	8.8667	+0.211%	$1K	$45K	10x	as long as short