Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0076%/8h= +8.4% APRpaid last 24h −0.037%

Price spread now: Bitget against dYdX−0.091%7-day average −0.046% · you buy dearer than you sell

Net, funding: paid 7d − costs−$118as in the Funding arb table

Net, price: spread back to 7d avg − costs−$94as in the Price arb table

costs, in and out, $10k−$900.899% of the position

Long on dYdX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.280%−$28 on $10k

Price spread, last 4 days (all we have)−0.032%−$3 · spread now −0.091%, 7d avg −0.046%

Together, before fees−0.312%−$31 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bitget is 0.045% cheaper against dYdX than usual: you would sell low and buy high (spread −0.091% now, against its 7-day average of −0.046%). If the spread goes back, that is −$5 on $10k: about 47 hours of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.280%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX UNI-USD	9.0242	0.0023	pay 0.0003% / 1h	31m 40s	$238K	$30K	10x
Short	Bitget UNIUSDT	9.0160	0.0100	get 0.0100% / 8h	6h 31m	$33.0M	$42.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.091%Rate

Funding earned: $16.06
Price spread: −0.091% → −0.046%: −$4.52
Slippage, 4 orders: −$67.85
Fee dYdX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$78.31
Costs to cover: 0.899%
Break-even: 41.1 days

Slippage from dYdX: live order book, 37 min ago; Bitget: live order book, 2 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, 37 min ago	25.60 bp	30.9 bp −$31	31.2 bp −$312	93.1 bp −$9,313	321.4 bp −$160.7K
Sell Bitget live order book, 2 min ago	1.11 bp	10.0 bp −$10	17.0 bp −$170	36.1 bp −$3,607	doesn't fit

UNI on 39 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	9.0297	+0.061%	$19K	—	150x	as long as short
dYdX UNI-USDlong	+0.0023%	1h	9.0242	long leg	$238K	$30K	10x
01 Exchange UNIUSD	+0.0024%	1h	9.0306	+0.071%	$451	—	10x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−2.152%	$660	$154K	12x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.0300	+0.064%	$932K	$4.3M	10x	as long as short
Hyperliquid UNI	+0.0100%	1h	9.0325	+0.092%	$98.1M	$60.1M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.0332	+0.100%	$1.0M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.0239	−0.004%	$295K	$580K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.0340	+0.109%	$225.4M	$611.7M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.0300	+0.064%	$101.1M	$107.6M	75x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX UNI-USDT-SWAP	+0.0100%	8h	9.0180	−0.069%	$55.6M	$253.8M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.0270	+0.031%	$286K	$636K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.0200	−0.046%	$23.1M	$58.5M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0200	−0.046%	$49.4M	$26.1M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0260	+0.020%	$13.4M	$13.8M	75x	as long as short
Bitget UNIUSDTshort	+0.0100%	8h	9.0160	−0.091%	$33.0M	$42.8M	75x
BingX UNI-USDT	+0.0100%	8h	9.0210	−0.035%	—	$57.3M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.0255	+0.014%	$987K	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	8.9961	−0.311%	$4.1M	$4.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.9955	−0.318%	$169K	$345K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.9959	−0.314%	$630K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0020	−0.246%	$88K	$706K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.9840	−0.445%	$55K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.0352	+0.122%	$86K	$410K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.0270	+0.031%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.0320	+0.086%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.0232	−0.011%	$22K	$715K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.0400	+0.175%	$719K	$4.2M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.0240	−0.002%	$27.2M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.0135	−0.119%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0167	−0.084%	$300K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0284	+0.047%	$32K	—	3x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0256%	1h	9.0315	+0.082%	$586K	$201K	50x	as long as short
Coinbase International UNI-PERP-INTX	+0.0312%	1h	9.0390	+0.164%	$1.1M	$4.7M	50x	as long as short
Reya UNIRUSDPERP	+0.0368%	1h	9.0288	+0.051%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.0286	+0.048%	$643K	—	120x	as long as short
Lighter UNI	+0.0400%	1h	9.0389	+0.163%	$4.6M	$5.3M	15x	as long as short
Kraken Futures PF_UNIUSD	+0.0425%	1h	9.0276	+0.037%	$5.0M	$6.9M	50x	as long as short
Aftermath Perps UNIUSD	+0.0954%	1h	8.9954	−0.320%	$1K	$48K	10x	as long as short