UNI

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0079%/8h= +8.6% APRnext payment +$0.10 per $10,000 · paid last 24h +0.032%

Price spread now: dYdX against Backpack−0.214%7-day average −0.026% · you buy dearer than you sell

Net, funding: paid 7d − costs−$234as in the Funding arb table

Net, price: spread back to 7d avg − costs−$274as in the Price arb table

costs, in and out, $10k−$2562.555% of the position

Long on Backpack Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.219%+$22 on $10k

Price spread, last 4 days (all we have)+0.269%+$27 · spread now −0.214%, 7d avg −0.026%

Together, before fees+0.489%+$49 on $10k · with fees, hour by hour

Funding pays, the price is against you. dYdX is 0.188% cheaper against Backpack than usual: you would sell low and buy high (spread −0.214% now, against its 7-day average of −0.026%). If the spread goes back, that is −$19 on $10k: about 8.0 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack UNI_USDC_PERP	9.0757	0.0100	pay 0.0013% / 1h	4m 08s	$1.0M	$2.3M	10x
Short	dYdX UNI-USD	9.0563	0.0179	get 0.0022% / 1h	4m 08s	$238K	$30K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Backpack. 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 BackpackbpFee dYdXbpOrdersPrice spread, now −0.214%Rate

Funding earned: $16.49
Price spread: −0.214% → −0.026%: −$18.83
Slippage, 4 orders: −$235.5
Fee Backpack: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$257.84
Costs to cover: 2.555%
Break-even: 116.4 days

Slippage from Backpack: live order book, 5 min ago; dYdX: live order book, 55 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 Backpack live order book, 5 min ago	0.55 bp	6.3 bp −$6	doesn't fit	doesn't fit	doesn't fit
Sell dYdX live order book, 55 min ago	31.23 bp	206.9 bp −$207	209.7 bp −$2,097	217.5 bp −$21.8K	478.8 bp −$239.4K

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	9.0655	−0.112%	$37K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−2.707%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0056%	1h	9.0661	−0.106%	$452	$5	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.0685	−0.079%	$964K	$4.4M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.0701	−0.062%	$816K	$3.5M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.0550	−0.228%	$293K	$600K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.0710	−0.052%	$222.8M	$639.1M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.0680	−0.085%	$101.9M	$111.2M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.0680	−0.085%	$55.2M	$262.0M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.0710	−0.052%	$314K	$650K	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	9.0700	−0.063%	$23.6M	$64.0M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0690	−0.074%	$47.8M	$25.5M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0620	−0.151%	$13.5M	$13.2M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0660	−0.107%	$33.5M	$45.0M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.0680	−0.085%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERPlong	+0.0100%	1h	9.0757	long leg	$1.0M	$2.3M	10x
Variational Omni UNI	+0.0100%	8h	9.0449	−0.339%	$4.2M	$4.1M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.0511	−0.272%	$171K	$345K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0530	−0.250%	$641K	$2.8M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0510	−0.272%	$95K	$701K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0490	−0.294%	$15K	$3.4M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.0655	−0.112%	$86K	$430K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.0630	−0.140%	$16K	$1.5M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.0703	−0.059%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.0660	−0.107%	$22K	$792K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.0760	+0.003%	$725K	$4.7M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.0700	−0.063%	$27.4M	$4.4M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.0465	−0.322%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0589	−0.185%	$293K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0645	−0.124%	$32K	—	3x	as long as short
dYdX UNI-USDshort	+0.0179%	1h	9.0563	−0.214%	$238K	$30K	10x
Deribit UNI_USDC-PERPETUAL	+0.0200%	1h	9.0711	−0.051%	$581K	$207K	50x	as long as short
Lighter UNI	+0.0208%	1h	9.0819	+0.068%	$4.6M	$5.8M	15x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.0520	−0.261%	$10.3M	$3.6M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0248%	1h	9.0700	−0.063%	$951K	$5.9M	50x	as long as short
Kraken Futures PF_UNIUSD	+0.0270%	1h	9.0734	−0.026%	$5.0M	$8.0M	50x	as long as short
Hyperliquid UNI	+0.0313%	1h	9.0787	+0.033%	$98.3M	$62.4M	10x	as long as short
Reya UNIRUSDPERP	+0.0373%	1h	9.0647	−0.121%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.0676	−0.089%	$645K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0922%	1h	9.0709	−0.053%	$875	$46K	10x	as long as short