Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0210%/8h= −23.0% APRpaid last 24h −0.041%

Price spread now: Gate against dYdX−0.048%7-day average −0.020% · you buy dearer than you sell

Net, funding: paid 7d − costs−$186as in the Funding arb table

Net, price: spread back to 7d avg − costs−$158as in the Price arb table

costs, in and out, $10k−$1551.554% of the position

Long on dYdX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.305%−$30 on $10k

Price spread, last 4 days (all we have)+0.099%+$10 · spread now −0.048%, 7d avg −0.020%

Together, before fees−0.206%−$21 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Gate is 0.027% cheaper against dYdX than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.020%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX UNI-USD	8.8102	0.0310	pay 0.0039% / 1h	56m 18s	$244K	$5K	10x
Short	Gate UNI_USDT	8.8060	0.0100	get 0.0100% / 8h	2h 56m	$22.8M	$58.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.048%Rate

Funding earned: −$44.03
Price spread: −0.048% → −0.020%: −$2.72
Slippage, 4 orders: −$130.38
Fee dYdX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$202.13
Costs to cover: 1.554%
Break-even: never at this rate

Slippage from dYdX: live order book, 32 min ago; Gate: live order book, 3 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, 32 min ago	56.32 bp	61.3 bp −$61	65.2 bp −$652	111.7 bp −$11.2K	408.7 bp −$204.3K
Sell Gate live order book, 3 min ago	0.57 bp	13.0 bp −$13	20.6 bp −$206	44.8 bp −$4,477	68.1 bp −$34.1K

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	−0.0199%	8h	8.8256	+0.175%	$3.9M	$4.9M	—	as long as short
Bybit UNIUSDT	−0.0192%	8h	8.8010	−0.104%	$102.6M	$104.2M	75x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0006%	1h	8.8090	−0.013%	$79K	—	150x	as long as short
OKX UNI-USDT-SWAP	+0.0011%	8h	8.8030	−0.082%	$54.2M	$244.7M	50x	as long as short
01 Exchange UNIUSD	+0.0056%	1h	8.8045	−0.065%	$439	—	10x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0056%	1h	8.8123	+0.024%	$550K	$125K	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.7988	−0.129%	$25K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.7975	−0.144%	$846K	$3.9M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.8059	−0.048%	$1.0M	$3.4M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.8079	−0.026%	$297K	$559K	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	8.8050	−0.059%	$215.7M	$596.4M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.8100	−0.002%	$272K	$605K	10x	as long as short
Gate UNI_USDTshort	+0.0100%	8h	8.8060	−0.048%	$22.8M	$58.8M	75x
MEXC UNI_USDT	+0.0100%	8h	8.8070	−0.036%	$42.8M	$24.4M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.8070	−0.036%	$13.7M	$13.8M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8050	−0.059%	$31.9M	$41.0M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	8.8030	−0.082%	—	$49.9M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8063	−0.044%	$975K	$2.4M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8154	+0.059%	$166K	$341K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8050	−0.059%	$615K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8190	+0.100%	$83K	$713K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8090	−0.014%	$105K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.8105	+0.003%	$86K	$339K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8080	−0.025%	$15K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.8044	−0.066%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.8087	−0.017%	$28K	$659K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.8252	+0.170%	$721K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8090	−0.014%	$26.5M	$4.4M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8055	−0.053%	$307K	$1.4M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8100	−0.002%	$31K	$1K	3x	as long as short
Coinbase International UNI-PERP-INTX	+0.0200%	1h	8.8140	+0.043%	$1.0M	$5.3M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.8000	−0.116%	$9.8M	$3.3M	75x	as long as short
Kraken Futures PF_UNIUSD	+0.0270%	1h	8.8137	+0.040%	$4.9M	$7.2M	50x	as long as short
dYdX UNI-USDlong	+0.0310%	1h	8.8102	long leg	$244K	$5K	10x
Reya UNIRUSDPERP	+0.0359%	1h	8.8048	−0.061%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0320%	1h	8.8082	−0.022%	$552K	—	120x	as long as short
Hyperliquid UNI	+0.0457%	1h	8.8212	+0.125%	$95.9M	$60.5M	10x	as long as short
Aftermath Perps UNIUSD	+0.0518%	1h	8.8122	+0.023%	$1K	$50K	10x	as long as short
Lighter UNI	+0.0536%	1h	8.8278	+0.200%	$4.5M	$5.3M	15x	as long as short
Injective UNI/USDC PERP	+0.2702%	1h	8.7900	−0.229%	$657	$97K	12x	as long as short