Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0086%/8h= −9.5% APRpaid last 24h −0.035%

Price spread now: Orderly against dYdX−0.025%7-day average −0.013% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on dYdX Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days−0.207%−$21 on $10k

Price spread, last 4 days (all we have)+0.301%+$30 · spread now −0.025%, 7d avg −0.013%

Together, before fees+0.093%+$9 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.013%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX UNI-USD	9.0933	0.0186	pay 0.0023% / 1h	0m 09s	$239K	$30K	10x
Short	Orderly PERP_UNI_USDC	9.0910	0.0100	get 0.0100% / 8h	4h 00m	$16K	$1.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.025%Rate

Funding earned: −$18.15
Price spread: −0.025% → −0.013%: −$1.2
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$35.34
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: dYdX: live order book, 59 min ago; Orderly: no order-book sample. Net counts fees only.

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 Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.028%	$37K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−2.895%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0056%	1h	9.0889	−0.048%	$454	$5	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.0835	−0.107%	$968K	$4.4M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.0966	+0.036%	$818K	$3.5M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.0959	+0.029%	$294K	$600K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.0858	−0.082%	$223.2M	$639.8M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.0800	−0.146%	$102.1M	$111.5M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.0820	−0.124%	$55.4M	$262.5M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.0910	−0.025%	$317K	$652K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate UNI_USDT	+0.0100%	8h	9.0850	−0.091%	$23.7M	$64.0M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0860	−0.080%	$47.9M	$25.5M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0920	−0.014%	$13.6M	$13.1M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0840	−0.102%	$33.5M	$45.1M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	9.0840	−0.102%	—	$56.6M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.0905	−0.030%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.0909	−0.026%	$4.3M	$4.1M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.0773	−0.175%	$171K	$346K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0740	−0.212%	$643K	$2.8M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0840	−0.102%	$96K	$702K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0690	−0.267%	$16K	$3.4M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.0924	−0.010%	$86K	$430K	10x	as long as short
Orderly PERP_UNI_USDCshort	+0.0100%	8h	9.0910	−0.025%	$16K	$1.5M	10x
SunX UNI-USDT	+0.0100%	8h	9.0929	−0.004%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.0860	−0.080%	$22K	$792K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.1003	+0.077%	$732K	$4.7M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.0870	−0.069%	$27.5M	$4.4M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.0806	−0.139%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0880	−0.058%	$293K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0929	−0.004%	$32K	—	3x	as long as short
dYdX UNI-USDlong	+0.0186%	1h	9.0933	long leg	$239K	$30K	10x
Lighter UNI	+0.0208%	1h	9.1000	+0.074%	$4.6M	$5.9M	15x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.0980	+0.052%	$10.3M	$3.6M	75x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0248%	1h	9.0974	+0.046%	$583K	$208K	50x	as long as short
Coinbase International UNI-PERP-INTX	+0.0248%	1h	9.0930	−0.003%	$953K	$5.9M	50x	as long as short
Kraken Futures PF_UNIUSD	+0.0269%	1h	9.0932	−0.001%	$5.0M	$8.0M	50x	as long as short
Hyperliquid UNI	+0.0299%	1h	9.0937	+0.005%	$98.5M	$62.4M	10x	as long as short
Reya UNIRUSDPERP	+0.0373%	1h	9.0877	−0.061%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.0916	−0.019%	$647K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0905%	1h	9.0821	−0.123%	$923	$46K	10x	as long as short