UNI

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0015%/8h= +1.7% APRnext payment +$0.02 per $10,000 · paid last 24h +0.038%

Price spread now: dYdX against Extended+0.007%7-day average +0.082% · you sell dearer than you buy

Net, funding: paid 7d − costs−$157as in the Funding arb table

Net, price: spread back to 7d avg − costs−$181as in the Price arb table

costs, in and out, $10k−$1731.734% of the position

Long on Extended Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.160%+$16 on $10k

Price spread, last 4 days (all we have)+0.108%+$11 · spread now +0.007%, 7d avg +0.082%

Together, before fees+0.268%+ Points / potential airdropExtended: Active · farm board+$27 on $10k · with fees, hour by hour

Funding pays, the price is against you. dYdX is 0.075% cheaper against Extended than usual: you would sell low and buy high (spread +0.007% now, against its 7-day average of +0.082%). If the spread goes back, that is −$7 on $10k: about 16 days of funding at the current rate ($0 a day). At the pace of the last 7 days (+0.160% in total) that is about 3.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended UNI-USD	8.8360	0.0104	pay 0.0013% / 1h	38m 44s	$300K	$1.4M	25x
Short	dYdX UNI-USD	8.8366	0.0119	get 0.0015% / 1h	38m 44s	$245K	$6K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Extended. 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 ExtendedbpFee dYdXbpOrdersPrice spread, now +0.007%Rate

Funding earned: $3.18
Price spread: +0.007% → +0.082%: −$7.46
Slippage, 4 orders: −$158.37
Fee Extended: 2.5 bp × 2 orders: −$5
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$177.65
Costs to cover: 1.734%
Break-even: 398.1 days

Slippage from Extended: live order book, 5 min ago; dYdX: live order book, 45 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 Extended live order book, 5 min ago	0.06 bp	4.4 bp −$4	9.1 bp −$91	doesn't fit	doesn't fit
Sell dYdX live order book, 45 min ago	76.60 bp	82.0 bp −$82	195.5 bp −$1,955	277.1 bp −$27.7K	616.1 bp −$308.1K

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	−0.0078%	8h	8.8285	−0.085%	$3.9M	$4.6M	—	as long as short
Bybit UNIUSDT	−0.0026%	8h	8.8300	−0.067%	$100.7M	$104.4M	75x	as long as short
Deribit UNI_USDC-PERPETUAL	0.0000%	1h	8.8490	+0.147%	$563K	$157K	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0006%	1h	8.8468	+0.122%	$80K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.7900	−0.520%	$657	$96K	12x	as long as short
OKX UNI-USDT-SWAP	+0.0037%	8h	8.8290	−0.079%	$54.6M	$243.3M	50x	as long as short
01 Exchange UNIUSD	+0.0048%	1h	8.8504	+0.163%	$442	—	10x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8298	−0.069%	$25K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.8475	+0.131%	$849K	$3.9M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.8480	+0.137%	$1.0M	$3.4M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica UNI	+0.0100%	1h	8.8320	−0.045%	$296K	$570K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.8280	−0.090%	$216.8M	$588.4M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.8500	+0.159%	$273K	$606K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.8420	+0.068%	$23.0M	$58.4M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.8320	−0.045%	$42.6M	$24.4M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.8410	+0.057%	$13.5M	$13.8M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8280	−0.090%	$32.1M	$41.3M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	8.8380	+0.023%	—	$52.0M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8481	+0.137%	$981K	$2.3M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8253	−0.120%	$166K	$342K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8239	−0.137%	$612K	$2.5M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8240	−0.135%	$87K	$714K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8340	−0.022%	$105K	$3.2M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.8484	+0.141%	$87K	$351K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8450	+0.102%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.8506	+0.166%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.8420	+0.068%	$25K	$666K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.8576	+0.245%	$727K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8410	+0.057%	$26.6M	$4.5M	50x	as long as short
Extended UNI-USDlong	+0.0104%	1h	8.8360	long leg	$300K	$1.4M	25x
Aevo UNI-PERP	+0.0104%	1h	8.8435	+0.085%	$31K	$1K	3x	as long as short
dYdX UNI-USDshort	+0.0119%	1h	8.8366	+0.007%	$245K	$6K	10x
BloFin UNI-USDT	+0.0220%	8h	8.8400	+0.046%	$9.8M	$3.3M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0224%	1h	8.8500	+0.159%	$1.0M	$5.3M	50x	as long as short
Hyperliquid UNI	+0.0330%	1h	8.8496	+0.154%	$96.8M	$59.1M	10x	as long as short
Kraken Futures PF_UNIUSD	+0.0342%	1h	8.8512	+0.172%	$4.9M	$7.0M	50x	as long as short
Reya UNIRUSDPERP	+0.0362%	1h	8.8465	+0.119%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0379% / S −0.0319%	1h	8.8467	+0.122%	$554K	—	120x	as long as short
Lighter UNI	+0.0584%	1h	8.8473	+0.128%	$4.5M	$5.2M	15x	as long as short
Aftermath Perps UNIUSD	+0.0618%	1h	8.8251	−0.123%	$1K	$49K	10x	as long as short