Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h −0.037%

Price spread now: edgeX against dYdX+0.068%51s7-day average −0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs−$102as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$820.817% of the position

Long on dYdX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.203%−$20 on $10k

Price spread, last 3 days (all we have)−0.152%−$15 · spread now +0.068%, 7d avg −0.003%

Together, before fees−0.355%+ Points / potential airdropedgeX: Active · farm board−$36 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and edgeX is 0.071% dearer against dYdX than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.003%. Mind the row above: over the last 7 days funding on this pair cost −0.203%, so the current rate has only just turned in your favour. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX UNI-USD	8.9887	0.0000	pay 0.0000% / 1h	49m 52s	$237K	$29K	10x
Short	edgeX UNIUSDC	8.9948	0.0100	get 0.0050% / 4h	2h 49m	$169K	$344K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.068%Rate

Funding earned: $20.93
Price spread: +0.068% → −0.003%: $7.06
Slippage, 4 orders: −$62.75
Fee dYdX: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$53.76
Costs to cover: 0.817%
Break-even: 25.0 days

Slippage from dYdX: live order book, 19 min ago; edgeX: live order book, 18 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, 19 min ago	25.60 bp	30.9 bp −$31	31.2 bp −$312	93.1 bp −$9,313	321.4 bp −$160.7K
Sell edgeX live order book, 18 min ago	2.19 bp	6.7 bp −$7	18.2 bp −$182	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
ApeX Omni UNIUSDT	−0.0157%	1h	9.0000	+0.126%	$88K	$707K	50x	as long as short
dYdX UNI-USDlong	0.0000%	1h	8.9887	long leg	$237K	$29K	10x
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	8.9874	−0.014%	$37K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−1.765%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0064%	1h	8.9906	+0.022%	$449	—	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.9850	−0.041%	$931K	$4.3M	10x	as long as short
Hyperliquid UNI	+0.0100%	1h	9.0079	+0.214%	$98.4M	$59.5M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.0005	+0.132%	$1.0M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.9898	+0.013%	$297K	$581K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.9999	+0.125%	$225.5M	$609.1M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit UNIUSDT	+0.0100%	8h	8.9990	+0.115%	$101.0M	$107.8M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.0020	+0.149%	$55.5M	$253.6M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.9950	+0.071%	$275K	$616K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.9990	+0.115%	$22.9M	$57.8M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0040	+0.171%	$49.9M	$24.9M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0060	+0.193%	$13.4M	$13.8M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0010	+0.137%	$33.0M	$42.9M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	8.9970	+0.093%	—	$57.1M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.0005	+0.132%	$987K	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	8.9791	−0.106%	$4.1M	$4.4M	—	as long as short
edgeX UNIUSDCshort	+0.0100%	4h	8.9948	+0.068%	$169K	$344K	20x
GRVT UNI_USDT_Perp	+0.0100%	8h	8.9984	+0.108%	$635K	$2.6M	10x	as long as short
StandX UNI-USD	+0.0100%	1h	8.9830	−0.063%	$55K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.9890	+0.004%	$86K	$407K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.9890	+0.004%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.9909	+0.025%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.9925	+0.043%	$21K	$713K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.9947	+0.067%	$711K	$4.2M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.9970	+0.093%	$27.1M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.9855	−0.035%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	8.9999	+0.125%	$300K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.9923	+0.040%	$32K	—	3x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.9770	−0.130%	$10.4M	$3.6M	75x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0253%	1h	8.9959	+0.080%	$581K	$186K	50x	as long as short
Coinbase International UNI-PERP-INTX	+0.0312%	1h	8.9930	+0.048%	$1.1M	$4.7M	50x	as long as short
Reya UNIRUSDPERP	+0.0367%	1h	8.9823	−0.071%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0382% / S −0.0245%	1h	8.9860	−0.029%	$641K	—	120x	as long as short
Kraken Futures PF_UNIUSD	+0.0426%	1h	8.9973	+0.097%	$5.0M	$7.0M	50x	as long as short
Lighter UNI	+0.0512%	1h	9.0130	+0.271%	$4.6M	$5.1M	15x	as long as short
Aftermath Perps UNIUSD	+0.1034%	1h	9.0180	+0.327%	$989	$48K	10x	as long as short