Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0172%/8h= +18.8% APRpaid last 24h +0.044%

Price spread now: Coinbase International against OKX+0.119%7-day average +0.057% · you sell dearer than you buy

Net, funding: paid 7d − costs−$52as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$450.445% of the position

Long on OKX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.078%−$8 on $10k

Price spread, last 3 days (all we have)−0.015%−$2 · spread now +0.119%, 7d avg +0.057%

Together, before fees−0.094%−$9 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Coinbase International is 0.063% dearer against OKX than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.057%. Mind the row above: over the last 7 days funding on this pair cost −0.078%, 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	OKX UNI-USDT-SWAP	9.2300	0.0100	pay 0.0100% / 8h	7h 30m	$56.7M	$258.0M	50x
Short	Coinbase International UNI-PERP-INTX	9.2410	0.0272	get 0.0034% / 1h	30m 09s	$1.1M	$4.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against OKX. 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 OKXbpFee Coinbase InternationalbpOrdersPrice spread, now +0.119%Rate

Funding earned: $36.12
Price spread: +0.119% → +0.057%: $6.25
Slippage, 4 orders: −$24.53
Fee OKX: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$2.15
Costs to cover: 0.445%
Break-even: 7.4 days

Slippage from OKX: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy OKX live order book, 4 min ago	0.55 bp	8.1 bp −$8	14.6 bp −$146	51.1 bp −$5,114	doesn't fit
Sell Coinbase International live order book, 4 min ago	4.93 bp	16.1 bp −$16	20.2 bp −$202	60.2 bp −$6,021	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
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0006%	1h	9.2327	+0.030%	$50K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−4.334%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0072%	1h	9.2341	+0.044%	$461	—	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.2275	−0.027%	$971K	$4.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.2383	+0.090%	$1.1M	$3.0M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.2268	−0.034%	$310K	$583K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.2307	+0.007%	$231.7M	$595.1M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.2340	+0.043%	$104.2M	$106.8M	75x	as long as short
OKX UNI-USDT-SWAPlong	+0.0100%	8h	9.2300	long leg	$56.7M	$258.0M	50x
Arcus UNI-USD	+0.0100%	1h	9.2370	+0.076%	$275K	$616K	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	9.2330	+0.033%	$23.4M	$59.0M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.2290	−0.011%	$45.2M	$23.9M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.2300	0.000%	$13.9M	$13.5M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.2330	+0.033%	$33.9M	$42.2M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	9.2350	+0.054%	—	$54.7M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.2371	+0.077%	$1.1M	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.2011	−0.313%	$4.2M	$4.4M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.1283	−1.102%	$172K	$344K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.1100	−1.300%	$644K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.1340	−1.040%	$89K	$708K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.1560	−0.802%	$36K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.2356	+0.061%	$87K	$375K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.2330	+0.033%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.2399	+0.107%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.2297	−0.003%	$22K	$714K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.2405	+0.114%	$733K	$4.4M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.2300	0.000%	$27.8M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.2270	−0.033%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.2243	−0.062%	$306K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.2289	−0.012%	$33K	—	3x	as long as short
dYdX UNI-USD	+0.0125%	1h	9.2252	−0.052%	$254K	$8K	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.2130	−0.184%	$10.3M	$3.6M	75x	as long as short
Coinbase International UNI-PERP-INTXshort	+0.0272%	1h	9.2410	+0.119%	$1.1M	$4.9M	50x
Deribit UNI_USDC-PERPETUAL	+0.0318%	1h	9.2345	+0.048%	$595K	$178K	50x	as long as short
Reya UNIRUSDPERP	+0.0366%	1h	9.2323	+0.025%	$17K	—	20x	as long as short
Kraken Futures PF_UNIUSD	+0.0380%	1h	9.2375	+0.082%	$5.2M	$7.0M	50x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0382% / S −0.0323%	1h	9.2325	+0.027%	$585K	—	120x	as long as short
Hyperliquid UNI	+0.0525%	1h	9.2475	+0.190%	$101.8M	$60.3M	10x	as long as short
Aftermath Perps UNIUSD	+0.0932%	1h	9.1767	−0.577%	$952	$49K	10x	as long as short
Lighter UNI	+0.0944%	1h	9.2474	+0.189%	$4.7M	$5.3M	15x	as long as short