UNI

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0122%/8h= +13.4% APRnext payment +$0.15 per $10,000 · paid last 24h +0.037%

Price spread now: dYdX against Deribit−0.194%7-day average −0.041% · you buy dearer than you sell

Net, funding: paid 7d − costs−$238as in the Funding arb table

Net, price: spread back to 7d avg − costs−$285as in the Price arb table

costs, in and out, $10k−$2692.694% of the position

Long on Deribit Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.317%+$32 on $10k

Price spread, last 4 days (all we have)−0.134%−$13 · spread now −0.194%, 7d avg −0.041%

Together, before fees+0.183%+$18 on $10k · with fees, hour by hour

Funding pays, the price is against you. dYdX is 0.152% cheaper against Deribit than usual: you would sell low and buy high (spread −0.194% now, against its 7-day average of −0.041%). If the spread goes back, that is −$15 on $10k: about 4.2 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit UNI_USDC-PERPETUAL	9.0669	0.0010	pay 0.0001% / 1h	48m 20s	$581K	$193K	50x
Short	dYdX UNI-USD	9.0494	0.0132	get 0.0016% / 1h	48m 20s	$238K	$30K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Deribit. 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 DeribitbpFee dYdXbpOrdersPrice spread, now −0.194%Rate

Funding earned: $25.62
Price spread: −0.194% → −0.041%: −$15.24
Slippage, 4 orders: −$252.4
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$259.03
Costs to cover: 2.694%
Break-even: 77.8 days

Slippage from Deribit: live order book, 10 min ago; dYdX: live order book, 11 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 Deribit live order book, 10 min ago	8.16 bp	13.0 bp −$13	21.4 bp −$214	doesn't fit	doesn't fit
Sell dYdX live order book, 11 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	9.0707	+0.042%	$37K	—	150x	as long as short
Deribit UNI_USDC-PERPETUALlong	+0.0010%	1h	9.0669	long leg	$581K	$193K	50x
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−2.613%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0048%	1h	9.0666	−0.004%	$452	$5	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.0695	+0.028%	$922K	$4.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.0682	+0.014%	$1.0M	$3.0M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.0520	−0.164%	$293K	$590K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.0719	+0.055%	$224.6M	$629.8M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.0630	−0.043%	$101.7M	$110.7M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.0630	−0.043%	$55.6M	$257.4M	50x	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	9.0620	−0.054%	$287K	$613K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.0690	+0.023%	$23.5M	$62.7M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0730	+0.067%	$48.4M	$25.2M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0780	+0.122%	$13.6M	$13.1M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0550	−0.131%	$33.5M	$44.2M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.0700	+0.034%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.0458	−0.233%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.0589	−0.088%	$4.3M	$4.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.1122	+0.500%	$172K	$344K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.1180	+0.563%	$635K	$2.7M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0710	+0.045%	$88K	$695K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0610	−0.065%	$36K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.0777	+0.119%	$87K	$422K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.0640	−0.032%	$16K	$1.6M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.0707	+0.042%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.0560	−0.120%	$22K	$782K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.0760	+0.100%	$714K	$4.5M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.0640	−0.032%	$27.4M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.0452	−0.239%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0606	−0.070%	$297K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0543	−0.139%	$32K	—	3x	as long as short
dYdX UNI-USDshort	+0.0132%	1h	9.0494	−0.194%	$238K	$30K	10x
BloFin UNI-USDT	+0.0220%	8h	9.0280	−0.429%	$10.3M	$3.5M	75x	as long as short
Lighter UNI	+0.0232%	1h	9.0714	+0.049%	$4.6M	$5.8M	15x	as long as short
Coinbase International UNI-PERP-INTX	+0.0248%	1h	9.0760	+0.100%	$1.1M	$5.5M	50x	as long as short
Kraken Futures PF_UNIUSD	+0.0270%	1h	9.0603	−0.073%	$5.0M	$7.8M	50x	as long as short
Reya UNIRUSDPERP	+0.0372%	1h	9.0671	+0.003%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.0711	+0.046%	$646K	—	120x	as long as short
Hyperliquid UNI	+0.0453%	1h	9.0822	+0.169%	$98.6M	$61.7M	10x	as long as short
Aftermath Perps UNIUSD	+0.1070%	1h	9.0909	+0.265%	$873	$47K	10x	as long as short