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Funding arb · Price arb /

UNI

all UNI markets
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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 00:00 UTC+0.0202%/8h= +22.1% APRpaid last 24h +0.040%
Price spread now: dYdX against Binance−0.270%49s7-day average +0.004% · you buy dearer than you sell
Net, funding: paid 7d − costs−$123as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1501.495% of the position
Long on BinanceShort on dYdX
What this pair did over the last
the charts below follow
Funding, last 7 days+0.264%+$26 on $10k
Price spread, last 4 days (all we have)+0.342%+$34 · spread now −0.270%, 7d avg +0.004%
Together, before fees+0.606%+$61 on $10k · with fees, hour by hour
Funding pays, the price is against you. dYdX is 0.274% cheaper against Binance than usual: you would sell low and buy high (spread −0.270% now, against its 7-day average of +0.004%). If the spread goes back, that is −$27 on $10k: about 4.5 days of funding at the current rate (+$6 a day). The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance UNIUSDT8.97700.0100pay 0.0100% / 8h4m 59s$222.2M$591.5M75x
ShortdYdX UNI-USD8.95280.0302get 0.0038% / 1h4m 59s$248K$6K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

dYdX against Binance. 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
$42.39
Price spread: −0.270% → +0.004%
−$27.37
Slippage, 4 orders
−$129.54
Fee Binance: 5 bp × 2 orders
−$10
Fee dYdX: 5 bp × 2 orders
−$10
Net
−$134.53
Costs to cover
1.495%
Break-even
29.2 days
Slippage from Binance: live order book, 9 min ago; dYdX: live order book, 9 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 Binance live order book, 9 min ago0.56 bp7.8 bp −$813.1 bp −$13141.7 bp −$4,166182.9 bp −$91.4K
Sell dYdX live order book, 9 min ago62.45 bp67.5 bp −$67176.7 bp −$1,767337.8 bp −$33.8K651.6 bp −$325.8K

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
Injective UNI/USDC PERP−0.0049%1h8.8300−1.638%$660$155K12xas long as short
gTrade (Gains Network) UNI/USDL +0.0004% / S −0.0004%1h8.9655−0.128%$62K—150xas long as short
Variational Omni UNI+0.0087%8h8.9503−0.298%$4.1M$4.4M—as long as short
OKX UNI-USDT-SWAP+0.0087%8h8.9740−0.033%$54.8M$249.3M50xas long as short
Nado UNI-PERP+0.0100%1h8.9567−0.226%$951K$4.2M10xas long as short
Aster UNIUSDT+0.0100%8h8.9710−0.067%$1.0M$3.3M50xas long as short
Pacifica UNI+0.0100%1h8.9540−0.256%$296K$591K10xas long as short
Binance UNIUSDTlong+0.0100%8h8.9770long leg$222.2M$591.5M75x
Bybit UNIUSDT+0.0100%8h8.9750−0.022%$101.4M$105.5M75xas long as short
Arcus UNI-USD+0.0100%1h8.9650−0.134%$269K$614K10xas long as short
Show all 40 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate UNI_USDT+0.0100%8h8.9750−0.022%$22.9M$59.3M75xas long as short
MEXC UNI_USDT+0.0100%8h8.9740−0.033%$43.9M$24.1M200xas long as short
KuCoin UNIUSDTM+0.0100%8h8.9660−0.123%$13.6M$13.5M75xas long as short
Bitget UNIUSDT+0.0100%8h8.9710−0.067%$32.8M$42.0M75xas long as short
BingX UNI-USDT+0.0100%8h8.9740−0.033%—$52.1M—as long as short
Backpack UNI_USDC_PERP+0.0100%1h8.9713−0.063%$1.1M$2.4M10xas long as short
edgeX UNIUSDC+0.0100%4h8.9500−0.301%$168K$344K20xas long as short
GRVT UNI_USDT_Perp+0.0100%8h8.9730−0.044%$624K$2.5M10xas long as short
ApeX Omni UNIUSDT+0.0100%1h8.9490−0.312%$88K$708K50xas long as short
StandX UNI-USD+0.0100%1h8.9580−0.212%$36K$3.3M20xas long as short
Polymarket Perps UNI-USD+0.0100%1h8.9628−0.158%$85K$366K10xas long as short
Orderly PERP_UNI_USDC+0.0100%8h8.9650−0.134%$16K$1.7M10xas long as short
SunX UNI-USDT+0.0100%8h8.9730−0.045%$36K$1.3M30xas long as short
SoDEX UNI-USD+0.0100%1h8.9660−0.123%$21K$676K10xas long as short
HTX UNI-USDT+0.0100%8h8.9597−0.193%$717K$4.3M75xas long as short
Phemex UNIUSDT+0.0100%8h8.9660−0.123%$27.1M$4.5M50xas long as short
Paradex UNI-USD-PERP+0.0100%8h8.9520−0.279%$26K—20xas long as short
Extended UNI-USD+0.0104%1h8.9693−0.086%$301K$1.5M25xas long as short
Aevo UNI-PERP+0.0104%1h8.9684−0.096%$32K$1K3xas long as short
01 Exchange UNIUSD+0.0168%1h8.9589−0.202%$447—10xas long as short
BloFin UNI-USDT+0.0220%8h8.9540−0.256%$10.0M$3.5M75xas long as short
Coinbase International UNI-PERP-INTX+0.0232%1h8.9660−0.123%$1.1M$5.4M50xas long as short
dYdX UNI-USDshort+0.0302%1h8.9528−0.270%$248K$6K10x
Deribit UNI_USDC-PERPETUAL+0.0339%1h8.9733−0.041%$578K$177K50xas long as short
Reya UNIRUSDPERP+0.0365%1h8.9584−0.207%$16K—20xas long as short
GMX UNI/USD [UNI-USDC]L +0.0381% / S −0.0323%1h8.9640−0.145%$567K—120xas long as short
Hyperliquid UNI+0.0434%1h8.9721−0.055%$98.1M$59.6M10xas long as short
Kraken Futures PF_UNIUSD+0.0564%1h8.9715−0.061%$5.0M$7.0M50xas long as short
Aftermath Perps UNIUSD+0.0871%1h8.9695−0.083%$1K$49K10xas long as short
Lighter UNI+0.0904%1h8.9826+0.062%$4.6M$5.3M15xas long as short