UNI

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0056%/8h= +6.1% APRnext payment +$0.07 per $10,000 · paid last 24h −0.037%

Price spread now: Deribit against dYdX+0.134%7-day average +0.041% · you sell dearer than you buy

Net, funding: paid 7d − costs−$301as in the Funding arb table

Net, price: spread back to 7d avg − costs−$260as in the Price arb table

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

Long on dYdX Short on Deribit

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)+0.194%+$19 · spread now +0.134%, 7d avg +0.041%

Together, before fees−0.123%−$12 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Deribit is 0.093% dearer against dYdX than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.041%. Mind the row above: over the last 7 days funding on this pair cost −0.317%, 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	9.0853	0.0192	pay 0.0024% / 1h	59m 40s	$239K	$30K	10x
Short	Deribit UNI_USDC-PERPETUAL	9.0974	0.0248	get 0.0031% / 1h	59m 40s	$583K	$208K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.134%Rate

Funding earned: $11.71
Price spread: +0.134% → +0.041%: $9.26
Slippage, 4 orders: −$252.4
Fee dYdX: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$248.44
Costs to cover: 2.694%
Break-even: 155.5 days

Slippage from dYdX: live order book, 59 min ago; Deribit: live order book, 59 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, 59 min ago	31.23 bp	36.3 bp −$36	36.4 bp −$364	114.5 bp −$11.5K	396.2 bp −$198.1K
Sell Deribit live order book, 59 min ago	8.16 bp	13.2 bp −$13	40.9 bp −$409	doesn't fit	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
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	9.0907	+0.060%	$37K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−2.810%	$660	$154K	12x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.0835	−0.020%	$968K	$4.4M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.0921	+0.075%	$818K	$3.5M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.0860	+0.008%	$294K	$602K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.0850	−0.003%	$223.2M	$639.8M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.0810	−0.047%	$102.1M	$111.5M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.0900	+0.052%	$55.3M	$262.7M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.1090	+0.261%	$317K	$652K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.0940	+0.096%	$23.7M	$63.1M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC UNI_USDT	+0.0100%	8h	9.0860	+0.008%	$47.9M	$25.4M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0850	−0.003%	$13.6M	$13.1M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0980	+0.140%	$33.5M	$45.1M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.0990	+0.151%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.0905	+0.058%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.0909	+0.062%	$4.3M	$4.1M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.0773	−0.088%	$171K	$346K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0740	−0.124%	$643K	$2.8M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0840	−0.014%	$96K	$702K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0690	−0.179%	$16K	$3.4M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.0924	+0.078%	$86K	$430K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.0910	+0.063%	$16K	$1.5M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.0929	+0.084%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.0860	+0.008%	$22K	$792K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.1003	+0.165%	$732K	$4.7M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.0870	+0.019%	$27.5M	$4.4M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.0866	+0.015%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0965	+0.124%	$293K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0929	+0.084%	$32K	—	3x	as long as short
01 Exchange UNIUSD	+0.0112%	1h	9.1042	+0.208%	$454	$5	10x	as long as short
Hyperliquid UNI	+0.0191%	1h	9.0941	+0.097%	$98.5M	$62.5M	10x	as long as short
dYdX UNI-USDlong	+0.0192%	1h	9.0853	long leg	$239K	$30K	10x
Lighter UNI	+0.0208%	1h	9.0972	+0.131%	$4.6M	$5.8M	15x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.0980	+0.140%	$10.3M	$3.6M	75x	as long as short
Deribit UNI_USDC-PERPETUALshort	+0.0248%	1h	9.0974	+0.134%	$583K	$208K	50x
Coinbase International UNI-PERP-INTX	+0.0248%	1h	9.0930	+0.085%	$953K	$5.9M	50x	as long as short
Kraken Futures PF_UNIUSD	+0.0269%	1h	9.0932	+0.087%	$5.0M	$8.0M	50x	as long as short
Reya UNIRUSDPERP	+0.0373%	1h	9.0877	+0.027%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.0916	+0.069%	$647K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0905%	1h	9.0821	−0.035%	$923	$46K	10x	as long as short