Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h +0.037%

Price spread now: dYdX against Bitget−0.647%7-day average +0.046% · you buy dearer than you sell

Net, funding: paid 7d − costs−$130as in the Funding arb table

Net, price: spread back to 7d avg − costs−$227as in the Price arb table

costs, in and out, $10k−$1581.578% of the position

Long on Bitget Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.277%+$28 on $10k

Price spread, last 4 days (all we have)+0.775%+$77 · spread now −0.647%, 7d avg +0.046%

Together, before fees+1.052%+$105 on $10k · with fees, hour by hour

Funding pays, the price is against you. dYdX is 0.693% cheaper against Bitget than usual: you would sell low and buy high (spread −0.647% now, against its 7-day average of +0.046%). If the spread goes back, that is −$69 on $10k: about 58 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.277% in total) that is about 17 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget UNIUSDT	9.1770	0.0100	pay 0.0100% / 8h	7h 41m	$33.7M	$41.9M	75x
Short	dYdX UNI-USD	9.1176	0.0140	get 0.0017% / 1h	41m 56s	$251K	$7K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Bitget. 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 BitgetbpFee dYdXbpOrdersPrice spread, now −0.647%Rate

Funding earned: $8.35
Price spread: −0.647% → +0.046%: −$69.29
Slippage, 4 orders: −$135.76
Fee Bitget: 6 bp × 2 orders: −$12
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$218.7
Costs to cover: 1.578%
Break-even: 190.3 days

Slippage from Bitget: live order book, 2 min ago; dYdX: live order book, 32 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 Bitget live order book, 2 min ago	2.19 bp	11.5 bp −$12	18.2 bp −$182	40.3 bp −$4,034	doesn't fit
Sell dYdX live order book, 32 min ago	62.45 bp	67.5 bp −$67	176.7 bp −$1,767	337.8 bp −$33.8K	651.6 bp −$325.8K

UNI on 40 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex UNIUSDT	−0.0283%	8h	9.1780	+0.011%	$27.7M	$4.5M	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0005%	1h	9.1863	+0.102%	$75K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−3.781%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0048%	1h	9.1640	−0.142%	$457	—	10x	as long as short
OKX UNI-USDT-SWAP	+0.0094%	8h	9.1740	−0.033%	$56.4M	$254.9M	50x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.1765	−0.005%	$968K	$4.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.1960	+0.207%	$1.1M	$3.4M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.1208	−0.613%	$305K	$592K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.1834	+0.070%	$227.7M	$591.6M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.1750	−0.022%	$103.3M	$106.4M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus UNI-USD	+0.0100%	1h	9.1610	−0.174%	$272K	$619K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.1840	+0.076%	$23.1M	$58.1M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.1700	−0.076%	$45.1M	$23.6M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.1800	+0.033%	$13.8M	$13.4M	75x	as long as short
Bitget UNIUSDTlong	+0.0100%	8h	9.1770	long leg	$33.7M	$41.9M	75x
BingX UNI-USDT	+0.0100%	8h	9.1790	+0.022%	—	$52.1M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.1863	+0.101%	$1.1M	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.1041	−0.794%	$4.1M	$4.4M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.1357	−0.451%	$172K	$345K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.1650	−0.131%	$641K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.1370	−0.436%	$89K	$708K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.1510	−0.283%	$36K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.1701	−0.075%	$86K	$375K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.1870	+0.109%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.1946	+0.192%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.1855	+0.093%	$21K	$712K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.1947	+0.193%	$734K	$4.4M	75x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.1193	−0.629%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.1698	−0.078%	$305K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.1877	+0.117%	$33K	—	3x	as long as short
dYdX UNI-USDshort	+0.0140%	1h	9.1176	−0.647%	$251K	$7K	10x
BloFin UNI-USDT	+0.0220%	8h	9.1240	−0.578%	$10.1M	$3.5M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0272%	1h	9.1920	+0.163%	$1.1M	$5.6M	50x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0279%	1h	9.1925	+0.169%	$592K	$178K	50x	as long as short
Reya UNIRUSDPERP	+0.0366%	1h	9.1823	+0.058%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0382% / S −0.0323%	1h	9.1847	+0.084%	$582K	—	120x	as long as short
Kraken Futures PF_UNIUSD	+0.0382%	1h	9.1912	+0.155%	$5.1M	$7.0M	50x	as long as short
Hyperliquid UNI	+0.0405%	1h	9.1947	+0.193%	$101.0M	$60.2M	10x	as long as short
Lighter UNI	+0.0824%	1h	9.2031	+0.284%	$4.7M	$5.2M	15x	as long as short
Aftermath Perps UNIUSD	+0.0826%	1h	9.1016	−0.821%	$1K	$49K	10x	as long as short