Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0132%/8h= +14.5% APRpaid last 24h +0.021%

Price spread now: Coinbase International against Orderly+0.033%7-day average +0.025% · you sell dearer than you buy

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

Long on Orderly Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.182%−$18 on $10k

Price spread, last 3 days (all we have)−0.089%−$9 · spread now +0.033%, 7d avg +0.025%

Together, before fees−0.270%−$27 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.025%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.182%, 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	Orderly PERP_UNI_USDC	8.9790	0.0100	pay 0.0100% / 8h	24m 53s	$16K	$1.7M	10x
Short	Coinbase International UNI-PERP-INTX	8.9820	0.0232	get 0.0029% / 1h	24m 53s	$1.1M	$5.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Orderly. 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 OrderlybpFee Coinbase InternationalbpOrdersPrice spread, now +0.033%Rate

Funding earned: $27.72
Price spread: +0.033% → +0.025%: $0.88
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $12.6
Costs to cover: 0.160%
Break-even: 3.8 days

Slippage unknown: Orderly: 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 Orderly no order-book sample	—	—	—	—	—
Sell Coinbase International live order book, 4 min ago	4.45 bp	13.3 bp −$13	20.8 bp −$208	61.7 bp −$6,168	doesn't fit

Orderly: 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
Injective UNI/USDC PERP	−0.0049%	1h	8.8300	−1.659%	$660	$155K	12x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	8.9816	+0.029%	$62K	—	150x	as long as short
Variational Omni UNI	+0.0051%	8h	8.9935	+0.161%	$4.1M	$4.4M	—	as long as short
Bybit UNIUSDT	+0.0089%	8h	8.9740	−0.056%	$101.8M	$105.0M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0090%	8h	8.9740	−0.056%	$54.9M	$248.9M	50x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.9740	−0.056%	$953K	$4.2M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.9774	−0.018%	$1.0M	$3.3M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.9762	−0.032%	$297K	$593K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.9810	+0.022%	$222.2M	$590.2M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.9860	+0.078%	$265K	$632K	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	8.9790	0.000%	$23.0M	$58.8M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.9790	0.000%	$43.6M	$24.0M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.9740	−0.056%	$13.6M	$13.5M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.9730	−0.067%	$32.8M	$42.1M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	8.9780	−0.011%	—	$52.0M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.9780	−0.011%	$1.0M	$2.4M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.9917	+0.142%	$169K	$342K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0060	+0.301%	$632K	$2.5M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.9950	+0.178%	$88K	$713K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.9880	+0.100%	$36K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.9820	+0.033%	$85K	$363K	10x	as long as short
Orderly PERP_UNI_USDClong	+0.0100%	8h	8.9790	long leg	$16K	$1.7M	10x
SunX UNI-USDT	+0.0100%	8h	8.9831	+0.046%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.9769	−0.023%	$21K	$676K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.9860	+0.078%	$717K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.9720	−0.078%	$27.1M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.9732	−0.064%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	8.9640	−0.167%	$303K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.9797	+0.008%	$32K	$1K	3x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0112%	1h	8.9822	+0.035%	$578K	$176K	50x	as long as short
dYdX UNI-USD	+0.0145%	1h	8.9777	−0.014%	$249K	$6K	10x	as long as short
01 Exchange UNIUSD	+0.0176%	1h	8.9794	+0.004%	$448	—	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.9730	−0.067%	$10.0M	$3.5M	75x	as long as short
Coinbase International UNI-PERP-INTXshort	+0.0232%	1h	8.9820	+0.033%	$1.1M	$5.4M	50x
Reya UNIRUSDPERP	+0.0364%	1h	8.9766	−0.027%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0382% / S −0.0323%	1h	8.9828	+0.043%	$568K	—	120x	as long as short
Hyperliquid UNI	+0.0519%	1h	8.9847	+0.063%	$98.5M	$59.0M	10x	as long as short
Kraken Futures PF_UNIUSD	+0.0563%	1h	8.9825	+0.039%	$5.0M	$7.0M	50x	as long as short
Aftermath Perps UNIUSD	+0.0802%	1h	8.9995	+0.229%	$1K	$49K	10x	as long as short
Lighter UNI	+0.0880%	1h	8.9887	+0.108%	$4.6M	$5.2M	15x	as long as short