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

UNI

all UNI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0116%/8h= +12.7% APRnext payment +$0.14 per $10,000 · paid last 24h −0.018%
Price spread now: Coinbase International against Hyperliquid−0.069%7-day average −0.075% · you buy dearer than you sell
Net, funding: paid 7d − costs−$77as in the Funding arb table
Net, price: spread back to 7d avg − costs−$43as in the Price arb table
costs, in and out, $10k−$440.439% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.333%−$33 on $10k
Price spread, last 4 days (all we have)+0.046%+$5 · spread now −0.069%, 7d avg −0.075%
Together, before fees−0.287%+ Points / potential airdropHyperliquid: Season 2 · farm board−$29 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.075%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.333%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid UNI8.87110.0100pay 0.0013% / 1h10m 12s$94.0M$65.1M10x
ShortCoinbase International UNI-PERP-INTX8.86500.0216get 0.0027% / 1h10m 12s$918K$5.8M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against Hyperliquid. 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
$24.36
Price spread: −0.069% → −0.075%
$0.65
Slippage, 4 orders
−$24.88
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
−$18.87
Costs to cover
0.439%
Break-even
12.4 days
Slippage from Hyperliquid: 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
LegHalf-spread$10k$100k$1M$5M
Buy Hyperliquid live order book, 4 min ago0.68 bp5.2 bp −$5doesn't fitdoesn't fitdoesn't fit
Sell Coinbase International live order book, 4 min ago3.94 bp10.3 bp −$1015.2 bp −$15249.7 bp −$4,973doesn't fit

UNI on 40 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
01 Exchange UNIUSD−0.0008%1h8.8656−0.062%$442$510xas long as short
gTrade (Gains Network) UNI/USDL +0.0004% / S −0.0007%1h8.8630−0.092%$48K150xas long as short
Deribit UNI_USDC-PERPETUAL+0.0014%1h8.8659−0.059%$568K$208K50xas long as short
Injective UNI/USDC PERP+0.0033%1h8.8300−0.464%$660$154K12xas long as short
Lighter UNI+0.0096%1h8.8765+0.061%$4.5M$5.9M15xas long as short
Paradex UNI-USD-PERP+0.0100%8h8.8590−0.137%$25K20xas long as short
Nado UNI-PERP+0.0100%1h8.8625−0.097%$861K$4.5M10xas long as short
Hyperliquid UNIlong+0.0100%1h8.8711long leg$94.0M$65.1M10x
Aster UNIUSDT+0.0100%8h8.8710−0.001%$774K$3.6M50xas long as short
Pacifica UNI+0.0100%1h8.8645−0.074%$286K$612K10xas long as short
Show all 40 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance UNIUSDT+0.0100%8h8.8700−0.013%$217.3M$651.4M75xas long as short
Bybit UNIUSDT+0.0100%8h8.8600−0.125%$99.2M$111.8M75xas long as short
OKX UNI-USDT-SWAP+0.0100%8h8.8610−0.114%$53.7M$260.2M50xas long as short
Arcus UNI-USD+0.0100%1h8.8720+0.010%$318K$666K10xas long as short
Gate UNI_USDT+0.0100%8h8.8640−0.080%$23.3M$65.2M75xas long as short
MEXC UNI_USDT+0.0100%8h8.8630−0.092%$47.0M$26.3M200xas long as short
KuCoin UNIUSDTM+0.0100%8h8.8640−0.080%$13.1M$13.3M75xas long as short
Bitget UNIUSDT+0.0100%8h8.8600−0.125%$32.6M$46.1M75xas long as short
BingX UNI-USDT+0.0100%8h8.8610−0.114%$56.8Mas long as short
Backpack UNI_USDC_PERP+0.0100%1h8.8684−0.031%$1.0M$2.3M10xas long as short
Variational Omni UNI+0.0100%8h8.8419−0.330%$4.1M$4.2Mas long as short
edgeX UNIUSDC+0.0100%4h8.8810+0.112%$168K$344K20xas long as short
GRVT UNI_USDT_Perp+0.0100%8h8.8650−0.069%$616K$2.8M10xas long as short
ApeX Omni UNIUSDT+0.0100%1h8.8820+0.123%$91K$701K50xas long as short
StandX UNI-USD+0.0100%1h8.8580−0.148%$15K$3.4M20xas long as short
Polymarket Perps UNI-USD+0.0100%1h8.8672−0.044%$84K$458K10xas long as short
Orderly PERP_UNI_USDC+0.0100%8h8.8600−0.125%$16K$1.5M10xas long as short
SunX UNI-USDT+0.0100%8h8.8682−0.033%$36K$1.4M30xas long as short
SoDEX UNI-USD+0.0100%1h8.8624−0.098%$31K$816K10xas long as short
HTX UNI-USDT+0.0100%8h8.8683−0.032%$700K$4.9M75xas long as short
Phemex UNIUSDT+0.0100%8h8.8690−0.024%$26.8M$4.4M50xas long as short
Extended UNI-USD+0.0104%1h8.8578−0.150%$284K$1.6M25xas long as short
Aevo UNI-PERP+0.0104%1h8.8630−0.092%$31K3xas long as short
Coinbase International UNI-PERP-INTXshort+0.0216%1h8.8650−0.069%$918K$5.8M50x
BloFin UNI-USDT+0.0220%8h8.8560−0.170%$10.1M$3.6M75xas long as short
dYdX UNI-USD+0.0240%1h8.8660−0.058%$233K$30K10xas long as short
Kraken Futures PF_UNIUSD+0.0274%1h8.8691−0.022%$4.8M$8.2M50xas long as short
Reya UNIRUSDPERP+0.0375%1h8.8625−0.097%$16K20xas long as short
GMX UNI/USD [UNI-USDC]L +0.0381% / S −0.0244%1h8.8635−0.085%$631K120xas long as short
Aftermath Perps UNIUSD+0.0726%1h8.8942+0.261%$892$45K10xas long as short