UNI

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0104%/8h= −11.3% APRnext payment −$0.13 per $10,000 · paid last 24h +0.025%

Price spread now: dYdX against Coinbase International−0.179%7-day average −0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs−$115as in the Funding arb table

Net, price: spread back to 7d avg − costs−$171as in the Price arb table

costs, in and out, $10k−$1541.536% of the position

Long on Coinbase International Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.383%+$38 on $10k

Price spread, last 3 days (all we have)+0.053%+$5 · spread now −0.179%, 7d avg −0.008%

Together, before fees+0.436%+$44 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and dYdX is 0.171% cheaper against Coinbase International than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of −0.008%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.383%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International UNI-PERP-INTX	8.8870	0.0200	pay 0.0025% / 1h	32m 31s	$1.0M	$5.3M	50x
Short	dYdX UNI-USD	8.8711	0.0096	get 0.0012% / 1h	32m 31s	$246K	$5K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Coinbase International. 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 Coinbase InternationalbpFee dYdXbpOrdersPrice spread, now −0.179%Rate

Funding earned: −$21.75
Price spread: −0.179% → −0.008%: −$17.07
Slippage, 4 orders: −$133.59
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$192.41
Costs to cover: 1.536%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 1 min ago; dYdX: live order book, 56 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 Coinbase International live order book, 1 min ago	5.62 bp	12.4 bp −$12	17.1 bp −$171	doesn't fit	doesn't fit
Sell dYdX live order book, 56 min ago	56.32 bp	65.1 bp −$65	164.3 bp −$1,643	255.2 bp −$25.5K	509.7 bp −$254.9K

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
Variational Omni UNI	−0.0185%	8h	8.8292	−0.650%	$3.9M	$4.6M	—	as long as short
Bybit UNIUSDT	−0.0151%	8h	8.8670	−0.225%	$101.7M	$105.3M	75x	as long as short
01 Exchange UNIUSD	0.0000%	1h	8.8730	−0.158%	$443	—	10x	as long as short
Deribit UNI_USDC-PERPETUAL	0.0000%	1h	8.8824	−0.052%	$562K	$134K	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0006%	1h	8.8851	−0.021%	$80K	—	150x	as long as short
OKX UNI-USDT-SWAP	+0.0013%	8h	8.8650	−0.248%	$54.5M	$246.3M	50x	as long as short
dYdX UNI-USDshort	+0.0096%	1h	8.8711	−0.179%	$246K	$5K	10x
Paradex UNI-USD-PERP	+0.0100%	8h	8.8648	−0.249%	$25K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.8852	−0.020%	$847K	$3.9M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.8780	−0.101%	$1.0M	$3.4M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica UNI	+0.0100%	1h	8.8699	−0.192%	$297K	$561K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.8680	−0.214%	$216.9M	$594.1M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.8790	−0.090%	$274K	$612K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.8670	−0.225%	$23.0M	$59.1M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.8670	−0.225%	$43.0M	$24.5M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.8670	−0.225%	$13.8M	$13.7M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8690	−0.203%	$32.2M	$41.3M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.8690	−0.203%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8776	−0.106%	$986K	$2.3M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8490	−0.428%	$166K	$343K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8615	−0.286%	$619K	$2.5M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8490	−0.428%	$84K	$712K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8560	−0.349%	$105K	$3.2M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.8858	−0.014%	$87K	$323K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8770	−0.113%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.8814	−0.063%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.8755	−0.129%	$25K	$661K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.8977	+0.120%	$726K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8740	−0.146%	$26.7M	$4.3M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8645	−0.253%	$301K	$1.4M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8785	−0.096%	$32K	$1K	3x	as long as short
Coinbase International UNI-PERP-INTXlong	+0.0200%	1h	8.8870	long leg	$1.0M	$5.3M	50x
BloFin UNI-USDT	+0.0220%	8h	8.8710	−0.180%	$9.8M	$3.3M	75x	as long as short
Kraken Futures PF_UNIUSD	+0.0268%	1h	8.8788	−0.092%	$5.0M	$7.1M	50x	as long as short
Hyperliquid UNI	+0.0305%	1h	8.8797	−0.082%	$96.6M	$59.9M	10x	as long as short
Reya UNIRUSDPERP	+0.0360%	1h	8.8801	−0.078%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0379% / S −0.0320%	1h	8.8841	−0.033%	$557K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0484%	1h	8.8564	−0.345%	$1K	$50K	10x	as long as short
Lighter UNI	+0.0536%	1h	8.8867	−0.003%	$4.5M	$5.4M	15x	as long as short
Injective UNI/USDC PERP	+0.2702%	1h	8.7900	−1.091%	$657	$97K	12x	as long as short