UNI

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0133%/8h= −14.6% APRnext payment −$0.17 per $10,000 · paid last 24h −0.018%

Price spread now: Coinbase International against GMX+0.137%7-day average −0.004% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on GMX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.285%−$28 on $10k

Price spread, last 4 days (all we have)−0.038%−$4 · spread now +0.137%, 7d avg −0.004%

Together, before fees−0.323%−$32 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.141% dearer against GMX than usual: you sell high and buy low (spread +0.137% now, against its 7-day average of −0.004%): +$14 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 3.5 days. At the pace of the last 3 days (−0.285% in total) that is about 39 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX UNI/USD [UNI-USDC]	9.1146	L +0.0381% / S −0.0244%	pay 0.0048% / 1h	19m 58s	$649K	—	120x
Short	Coinbase International UNI-PERP-INTX	9.1270	0.0248	get 0.0031% / 1h	19m 58s	$1.1M	$5.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against GMX. 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 GMXbpFee Coinbase InternationalbpOrdersPrice spread, now +0.137%Rate

Funding earned: −$27.95
Price spread: +0.137% → −0.004%: $14.08
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$35.87
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Coinbase International: live order book, 4 min ago. Net counts fees only.

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 GMX no order-book sample	—	—	—	—	—
Sell Coinbase International live order book, 4 min ago	6.06 bp	12.3 bp −$12	19.7 bp −$197	269.7 bp −$27.0K	doesn't fit

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 −0.0004%	1h	9.1146	+0.001%	$37K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−3.122%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0064%	1h	9.1105	−0.045%	$455	$5	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.1105	−0.045%	$972K	$4.4M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.1246	+0.111%	$833K	$3.5M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.1066	−0.088%	$295K	$599K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.1160	+0.016%	$224.2M	$637.1M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.1130	−0.017%	$102.4M	$111.0M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.1150	+0.005%	$55.6M	$262.8M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.1270	+0.137%	$316K	$651K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate UNI_USDT	+0.0100%	8h	9.1170	+0.027%	$23.7M	$63.8M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.1190	+0.049%	$48.1M	$25.4M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.1220	+0.082%	$13.7M	$13.2M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.1150	+0.005%	$33.6M	$44.8M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.1150	+0.005%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.1234	+0.097%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.0948	−0.217%	$4.3M	$4.1M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.0652	−0.541%	$171K	$345K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0770	−0.412%	$643K	$2.8M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0730	−0.456%	$93K	$700K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.1040	−0.116%	$15K	$3.4M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.1124	−0.024%	$88K	$427K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.1190	+0.049%	$16K	$1.5M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.1294	+0.163%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.1225	+0.087%	$22K	$791K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.1300	+0.169%	$730K	$4.7M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.1210	+0.071%	$27.6M	$4.4M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.1038	−0.118%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.1196	+0.055%	$295K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.1215	+0.076%	$32K	—	3x	as long as short
dYdX UNI-USD	+0.0137%	1h	9.1022	−0.136%	$240K	$30K	10x	as long as short
Lighter UNI	+0.0176%	1h	9.1356	+0.231%	$4.6M	$5.8M	15x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.1110	−0.039%	$10.3M	$3.6M	75x	as long as short
Coinbase International UNI-PERP-INTXshort	+0.0248%	1h	9.1270	+0.137%	$1.1M	$5.7M	50x
Kraken Futures PF_UNIUSD	+0.0268%	1h	9.1292	+0.161%	$5.1M	$7.9M	50x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0331%	1h	9.1248	+0.112%	$585K	$193K	50x	as long as short
Hyperliquid UNI	+0.0348%	1h	9.1265	+0.131%	$98.9M	$62.4M	10x	as long as short
Reya UNIRUSDPERP	+0.0373%	1h	9.1086	−0.065%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]long	L +0.0381% / S −0.0244%	1h	9.1146	long leg	$649K	—	120x
Aftermath Perps UNIUSD	+0.0965%	1h	9.0816	−0.362%	$900	$46K	10x	as long as short