UNI

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0167%/8h= −18.3% APRnext payment −$0.21 per $10,000 · paid last 24h +0.010%

Price spread now: Coinbase International against dYdX+0.107%7-day average +0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$154as in the Funding arb table

Net, price: spread back to 7d avg − costs−$108as in the Price arb table

costs, in and out, $10k−$1171.168% of the position

Long on dYdX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.367%−$37 on $10k

Price spread, last 4 days (all we have)−0.020%−$2 · spread now +0.107%, 7d avg +0.016%

Together, before fees−0.388%−$39 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.091% dearer against dYdX than usual: you sell high and buy low (spread +0.107% now, against its 7-day average of +0.016%): +$9 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 43 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX UNI-USD	8.8665	0.0359	pay 0.0045% / 1h	7m 32s	$233K	$30K	10x
Short	Coinbase International UNI-PERP-INTX	8.8760	0.0192	get 0.0024% / 1h	7m 32s	$924K	$5.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.107%Rate

Funding earned: −$35.15
Price spread: +0.107% → +0.016%: $9.09
Slippage, 4 orders: −$96.82
Fee dYdX: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$142.88
Costs to cover: 1.168%
Break-even: never at this rate

Slippage from dYdX: live order book, 37 min ago; Coinbase International: live order book, 1 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	38.42 bp	43.4 bp −$43	48.0 bp −$480	130.3 bp −$13.0K	342.8 bp −$171.4K
Sell Coinbase International live order book, 1 min ago	3.38 bp	12.8 bp −$13	16.9 bp −$169	44.9 bp −$4,494	doesn't fit

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
Polymarket Perps UNI-USD	−0.0089%	1h	8.8684	+0.021%	$106K	$618K	10x	as long as short
01 Exchange UNIUSD	−0.0024%	1h	8.8739	+0.083%	$443	$5	10x	as long as short
Kraken Futures PF_UNIUSD	−0.0017%	1h	8.8770	+0.118%	$4.7M	$8.6M	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0007%	1h	8.8726	+0.068%	$49K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−0.412%	$660	$153K	12x	as long as short
Nado UNI-PERP	+0.0042%	1h	8.8630	−0.040%	$736K	$4.7M	10x	as long as short
Lighter UNI	+0.0096%	1h	8.8774	+0.123%	$4.5M	$5.7M	15x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8625	−0.045%	$25K	—	20x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.8756	+0.102%	$727K	$3.6M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.8664	−0.002%	$284K	$590K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance UNIUSDT	+0.0100%	8h	8.8760	+0.107%	$214.3M	$656.9M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	8.8740	+0.084%	$98.3M	$111.4M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	8.8620	−0.051%	$53.9M	$263.8M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.8800	+0.152%	$317K	$695K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.8710	+0.050%	$25.2M	$66.7M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.8670	+0.005%	$48.5M	$26.6M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.8660	−0.006%	$13.0M	$13.4M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8650	−0.017%	$32.4M	$45.3M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.8650	−0.017%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8843	+0.200%	$1.1M	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	8.8779	+0.128%	$4.1M	$4.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8683	+0.020%	$168K	$345K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8665	0.000%	$620K	$2.7M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8740	+0.084%	$89K	$709K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8770	+0.118%	$15K	$3.4M	20x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8670	+0.005%	$16K	$2.0M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.8766	+0.114%	$36K	$1.4M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.8705	+0.045%	$32K	$887K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.8785	+0.135%	$695K	$4.8M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8790	+0.141%	$26.8M	$4.5M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8640	−0.029%	$292K	$1.7M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8713	+0.054%	$31K	—	3x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0132%	1h	8.8769	+0.117%	$585K	$250K	50x	as long as short
Hyperliquid UNI	+0.0158%	1h	8.8792	+0.143%	$94.4M	$67.5M	10x	as long as short
Coinbase International UNI-PERP-INTXshort	+0.0192%	1h	8.8760	+0.107%	$924K	$5.5M	50x
BloFin UNI-USDT	+0.0220%	8h	8.8740	+0.084%	$10.0M	$3.6M	75x	as long as short
dYdX UNI-USDlong	+0.0359%	1h	8.8665	long leg	$233K	$30K	10x
Reya UNIRUSDPERP	+0.0379%	1h	8.8667	+0.002%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0243%	1h	8.8732	+0.076%	$631K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0511%	1h	8.8866	+0.227%	$948	$53K	10x	as long as short