Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.035%

Price spread now: dYdX against edgeX−0.690%51s7-day average 0.000% · you buy dearer than you sell

Net, funding: paid 7d − costs−$236as 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−$2572.566% of the position

Long on edgeX Short on dYdX

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)+0.668%+$67 · spread now −0.690%, 7d avg 0.000%

Together, before fees+0.875%+ Points / potential airdropedgeX: Active · farm board+$87 on $10k · with fees, hour by hour

Funding pays, the price is against you. dYdX is 0.690% cheaper against edgeX than usual: you would sell low and buy high (spread −0.690% now, against its 7-day average of 0.000%). If the spread goes back, that is −$69 on $10k: about 2 months of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.207% in total) that is about 23 days. 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	edgeX UNIUSDC	9.1122	0.0100	pay 0.0050% / 4h	48m 39s	$172K	$344K	20x
Short	dYdX UNI-USD	9.0494	0.0132	get 0.0016% / 1h	48m 39s	$238K	$30K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against edgeX. 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 edgeXbpFee dYdXbpOrdersPrice spread, now −0.690%Rate

Funding earned: $6.72
Price spread: −0.690% → 0.000%: −$68.99
Slippage, 4 orders: −$237.6
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$318.88
Costs to cover: 2.566%
Break-even: 339.2 days

Slippage from edgeX: live order book, 10 min ago; dYdX: live order book, 10 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 edgeX live order book, 10 min ago	2.20 bp	6.7 bp −$7	15.6 bp −$156	doesn't fit	doesn't fit
Sell dYdX live order book, 10 min ago	31.23 bp	206.9 bp −$207	209.7 bp −$2,097	217.5 bp −$21.8K	478.8 bp −$239.4K

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
Deribit UNI_USDC-PERPETUAL	0.0000%	1h	9.0461	−0.726%	$580K	$193K	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	9.0505	−0.677%	$37K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−3.097%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0048%	1h	9.0666	−0.501%	$452	$5	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.0500	−0.683%	$901K	$4.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.0531	−0.649%	$1.0M	$3.0M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.0520	−0.661%	$293K	$590K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.0502	−0.681%	$224.1M	$629.3M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.0460	−0.727%	$101.5M	$110.6M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.0490	−0.694%	$55.5M	$256.8M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus UNI-USD	+0.0100%	1h	9.0620	−0.551%	$287K	$613K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.0540	−0.639%	$22.9M	$62.3M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0490	−0.694%	$48.3M	$25.2M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0540	−0.639%	$13.6M	$13.1M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0610	−0.562%	$33.5M	$44.1M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	9.0630	−0.540%	—	$56.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.0458	−0.729%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.0589	−0.585%	$4.3M	$4.3M	—	as long as short
edgeX UNIUSDClong	+0.0100%	4h	9.1122	long leg	$172K	$344K	20x
GRVT UNI_USDT_Perp	+0.0100%	8h	9.1180	+0.063%	$635K	$2.7M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0710	−0.453%	$88K	$695K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0700	−0.464%	$36K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.0592	−0.582%	$87K	$421K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.0410	−0.782%	$16K	$1.6M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.0567	−0.610%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.0400	−0.793%	$22K	$781K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.0570	−0.606%	$713K	$4.5M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.0470	−0.716%	$27.4M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.0452	−0.735%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0441	−0.748%	$297K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0377	−0.818%	$32K	—	3x	as long as short
dYdX UNI-USDshort	+0.0132%	1h	9.0494	−0.690%	$238K	$30K	10x
BloFin UNI-USDT	+0.0220%	8h	9.0280	−0.925%	$10.3M	$3.5M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0248%	1h	9.0440	−0.749%	$1.1M	$5.4M	50x	as long as short
Kraken Futures PF_UNIUSD	+0.0270%	1h	9.0418	−0.773%	$5.0M	$7.8M	50x	as long as short
Lighter UNI	+0.0272%	1h	9.0629	−0.542%	$4.6M	$5.8M	15x	as long as short
Reya UNIRUSDPERP	+0.0372%	1h	9.0462	−0.725%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.0509	−0.673%	$645K	—	120x	as long as short
Hyperliquid UNI	+0.0448%	1h	9.0633	−0.537%	$98.4M	$61.7M	10x	as long as short
Aftermath Perps UNIUSD	+0.1071%	1h	9.0989	−0.147%	$999	$46K	10x	as long as short