Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0013%/8h= −1.4% APRpaid last 24h −0.043%

Price spread now: Binance against dYdX+0.057%7-day average −0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$105as in the Funding arb table

Net, price: spread back to 7d avg − costs−$72as in the Price arb table

costs, in and out, $10k−$780.785% of the position

Long on dYdX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.263%−$26 on $10k

Price spread, last 4 days (all we have)−0.175%−$18 · spread now +0.057%, 7d avg −0.005%

Together, before fees−0.438%−$44 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Binance is 0.062% dearer against dYdX than usual: you sell high and buy low (spread +0.057% now, against its 7-day average of −0.005%): +$6 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 16 days. At the pace of the last 7 days (−0.263% in total) that is about 40 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX UNI-USD	8.9312	0.0113	pay 0.0014% / 1h	12m 40s	$247K	$6K	10x
Short	Binance UNIUSDT	8.9363	0.0100	get 0.0100% / 8h	1h 12m	$219.9M	$589.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against dYdX. 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 dYdXbpFee BinancebpOrdersPrice spread, now +0.057%Rate

Funding earned: −$2.73
Price spread: +0.057% → −0.005%: $6.21
Slippage, 4 orders: −$58.45
Fee dYdX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$74.98
Costs to cover: 0.785%
Break-even: never at this rate

Slippage from dYdX: live order book, 6 min ago; Binance: live order book, 16 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 dYdX live order book, 6 min ago	27.53 bp	32.5 bp −$33	119.9 bp −$1,199	152.6 bp −$15.3K	376.9 bp −$188.5K
Sell Binance live order book, 16 min ago	0.57 bp	5.8 bp −$6	13.8 bp −$138	46.5 bp −$4,653	165.8 bp −$82.9K

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	−0.0045%	8h	8.9174	−0.155%	$3.9M	$4.5M	—	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	8.9052	−0.291%	$62K	—	150x	as long as short
Bybit UNIUSDT	+0.0008%	8h	8.9340	+0.031%	$101.9M	$104.8M	75x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−1.133%	$660	$155K	12x	as long as short
OKX UNI-USDT-SWAP	+0.0051%	8h	8.9330	+0.020%	$55.3M	$246.7M	50x	as long as short
01 Exchange UNIUSD	+0.0072%	1h	8.9405	+0.104%	$446	—	10x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0098%	1h	8.9079	−0.261%	$566K	$157K	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.9295	−0.019%	$25K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.8985	−0.366%	$943K	$4.0M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.9360	+0.054%	$1.0M	$3.3M	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	8.9338	+0.028%	$301K	$577K	10x	as long as short
Binance UNIUSDTshort	+0.0100%	8h	8.9363	+0.057%	$219.9M	$589.6M	75x
Arcus UNI-USD	+0.0100%	1h	8.9400	+0.098%	$276K	$621K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.9320	+0.009%	$23.1M	$58.8M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.9320	+0.009%	$43.2M	$24.6M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.9190	−0.137%	$13.6M	$13.8M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.9300	−0.014%	$32.4M	$41.3M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.9310	−0.002%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.9127	−0.207%	$990K	$2.3M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8836	−0.533%	$167K	$344K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8880	−0.484%	$627K	$2.5M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8860	−0.506%	$88K	$712K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.9010	−0.338%	$106K	$3.2M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.9040	−0.305%	$87K	$355K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.9020	−0.327%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.9003	−0.346%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.9049	−0.295%	$25K	$666K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.9194	−0.132%	$731K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.9070	−0.271%	$26.8M	$4.4M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.9297	−0.017%	$302K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.9048	−0.296%	$32K	$1K	3x	as long as short
dYdX UNI-USDlong	+0.0113%	1h	8.9312	long leg	$247K	$6K	10x
BloFin UNI-USDT	+0.0220%	8h	8.9070	−0.271%	$9.9M	$3.4M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0224%	1h	8.9130	−0.204%	$1.1M	$5.3M	50x	as long as short
Kraken Futures PF_UNIUSD	+0.0340%	1h	8.9099	−0.239%	$5.0M	$7.0M	50x	as long as short
Reya UNIRUSDPERP	+0.0362%	1h	8.9025	−0.322%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0379% / S −0.0319%	1h	8.9036	−0.310%	$558K	—	120x	as long as short
Hyperliquid UNI	+0.0406%	1h	8.9347	+0.039%	$98.3M	$59.3M	10x	as long as short
Lighter UNI	+0.0640%	1h	8.9473	+0.180%	$4.6M	$5.2M	15x	as long as short
Aftermath Perps UNIUSD	+0.0650%	1h	8.9045	−0.299%	$1K	$49K	10x	as long as short