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

UNI

all UNI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0124%/8h= +13.6% APRpaid last 24h +0.017%
Price spread now: Coinbase International against SunX+0.068%7-day average −0.040% · you sell dearer than you buy
Net, funding: paid 7d − costs−$131as in the Funding arb table
Net, price: spread back to 7d avg − costs−$101as in the Price arb table
costs, in and out, $10k−$1121.119% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.186%−$19 on $10k
Price spread, last 3 days (all we have)−0.233%−$23 · spread now +0.068%, 7d avg −0.040%
Together, before fees−0.420%−$42 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Coinbase International is 0.108% dearer against SunX than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of −0.040%. Mind the row above: over the last 7 days funding on this pair cost −0.186%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX UNI-USDT8.83200.0100pay 0.0100% / 8h1h 26m$36K$1.3M30x
ShortCoinbase International UNI-PERP-INTX8.83800.0224get 0.0028% / 1h26m 25s$1.0M$5.3M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against SunX. 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
$26.04
Price spread: +0.068% → −0.040%
$10.81
Slippage, 4 orders
−$93.88
Fee SunX: 4 bp × 2 orders
−$8
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
−$75.03
Costs to cover
1.119%
Break-even
27.2 days
Slippage from SunX: live order book, 8 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
LegHalf-spread$10k$100k$1M$5M
Buy SunX live order book, 8 min ago30.76 bp35.2 bp −$35doesn't fitdoesn't fitdoesn't fit
Sell Coinbase International live order book, 3 min ago1.70 bp12.9 bp −$1318.0 bp −$18050.4 bp −$5,035doesn'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
Variational Omni UNI−0.0066%8h8.8274−0.052%$3.9M$4.5Mas long as short
Bybit UNIUSDT−0.0005%8h8.8430+0.125%$100.8M$104.4M75xas long as short
gTrade (Gains Network) UNI/USDL +0.0004% / S −0.0004%1h8.8485+0.187%$61K150xas long as short
Injective UNI/USDC PERP+0.0033%1h8.8300−0.023%$660$155K12xas long as short
OKX UNI-USDT-SWAP+0.0043%8h8.8440+0.136%$54.8M$243.8M50xas long as short
01 Exchange UNIUSD+0.0056%1h8.8482+0.183%$44210xas long as short
Paradex UNI-USD-PERP+0.0100%8h8.8410+0.101%$25K20xas long as short
Nado UNI-PERP+0.0100%1h8.8445+0.142%$940K$4.0M10xas long as short
Aster UNIUSDT+0.0100%8h8.8548+0.259%$1.0M$3.3M50xas long as short
Pacifica UNI+0.0100%1h8.8514+0.220%$297K$570K10xas long as short
Show all 40 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance UNIUSDT+0.0100%8h8.8445+0.141%$217.1M$588.0M75xas long as short
Arcus UNI-USD+0.0100%1h8.8520+0.226%$282K$615K10xas long as short
Gate UNI_USDT+0.0100%8h8.8470+0.170%$23.0M$58.6M75xas long as short
MEXC UNI_USDT+0.0100%8h8.8420+0.113%$42.8M$24.5M200xas long as short
KuCoin UNIUSDTM+0.0100%8h8.8440+0.136%$13.5M$13.8M75xas long as short
Bitget UNIUSDT+0.0100%8h8.8430+0.125%$32.0M$41.4M75xas long as short
BingX UNI-USDT+0.0100%8h8.8430+0.125%$51.7Mas long as short
Backpack UNI_USDC_PERP+0.0100%1h8.8455+0.153%$982K$2.3M10xas long as short
edgeX UNIUSDC+0.0100%4h8.8335+0.017%$166K$342K20xas long as short
GRVT UNI_USDT_Perp+0.0100%8h8.8402+0.093%$613K$2.5M10xas long as short
ApeX Omni UNIUSDT+0.0100%1h8.8370+0.057%$87K$712K50xas long as short
StandX UNI-USD+0.0100%1h8.8280−0.045%$105K$3.3M20xas long as short
Polymarket Perps UNI-USD+0.0100%1h8.8468+0.168%$86K$353K10xas long as short
Orderly PERP_UNI_USDC+0.0100%8h8.8460+0.159%$16K$1.7M10xas long as short
SunX UNI-USDTlong+0.0100%8h8.8320long leg$36K$1.3M30x
SoDEX UNI-USD+0.0100%1h8.8335+0.017%$25K$666K10xas long as short
HTX UNI-USDT+0.0100%8h8.8365+0.051%$725K$4.3M75xas long as short
Phemex UNIUSDT+0.0100%8h8.8340+0.023%$26.6M$4.4M50xas long as short
Extended UNI-USD+0.0104%1h8.8405+0.096%$300K$1.4M25xas long as short
Aevo UNI-PERP+0.0104%1h8.8400+0.090%$31K$1K3xas long as short
dYdX UNI-USD+0.0160%1h8.8503+0.207%$245K$6K10xas long as short
Deribit UNI_USDC-PERPETUAL+0.0167%1h8.8433+0.129%$562K$157K50xas long as short
BloFin UNI-USDT+0.0220%8h8.8350+0.034%$9.8M$3.3M75xas long as short
Coinbase International UNI-PERP-INTXshort+0.0224%1h8.8380+0.068%$1.0M$5.3M50x
Hyperliquid UNI+0.0311%1h8.8590+0.306%$97.1M$59.3M10xas long as short
Kraken Futures PF_UNIUSD+0.0342%1h8.8420+0.113%$4.9M$7.0M50xas long as short
Reya UNIRUSDPERP+0.0362%1h8.8415+0.108%$16K20xas long as short
GMX UNI/USD [UNI-USDC]L +0.0379% / S −0.0319%1h8.8464+0.163%$554K120xas long as short
Aftermath Perps UNIUSD+0.0623%1h8.8381+0.069%$1K$49K10xas long as short
Lighter UNI+0.0624%1h8.8629+0.350%$4.5M$5.2M15xas long as short