Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0105%/8h= +11.5% APRpaid last 24h +0.039%

Price spread now: dYdX against Gate+0.045%7-day average +0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs−$126as in the Funding arb table

Net, price: spread back to 7d avg − costs−$154as in the Price arb table

costs, in and out, $10k−$1561.564% of the position

Long on Gate Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.308%+$31 on $10k

Price spread, last 4 days (all we have)−0.096%−$10 · spread now +0.045%, 7d avg +0.020%

Together, before fees+0.211%+$21 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 dYdX is 0.025% dearer against Gate than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.020%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate UNI_USDT	8.8110	0.0100	pay 0.0100% / 8h	2h 50m	$22.9M	$58.9M	75x
Short	dYdX UNI-USD	8.8150	0.0205	get 0.0026% / 1h	50m 49s	$244K	$5K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Gate. 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 GatebpFee dYdXbpOrdersPrice spread, now +0.045%Rate

Funding earned: $22.05
Price spread: +0.045% → +0.020%: $2.49
Slippage, 4 orders: −$131.37
Fee Gate: 7.5 bp × 2 orders: −$15
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$131.83
Costs to cover: 1.564%
Break-even: 48.8 days

Slippage from Gate: live order book, 3 min ago; dYdX: live order book, 38 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 Gate live order book, 3 min ago	0.57 bp	14.7 bp −$15	22.8 bp −$228	41.1 bp −$4,109	64.1 bp −$32.1K
Sell dYdX live order book, 38 min ago	56.32 bp	65.1 bp −$65	164.3 bp −$1,643	255.2 bp −$25.5K	509.7 bp −$254.9K

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	−0.0201%	8h	8.8015	−0.108%	$3.9M	$4.9M	—	as long as short
Bybit UNIUSDT	−0.0192%	8h	8.8100	−0.011%	$102.6M	$103.9M	75x	as long as short
01 Exchange UNIUSD	−0.0064%	1h	8.8043	−0.076%	$439	—	10x	as long as short
Deribit UNI_USDC-PERPETUAL	0.0000%	1h	8.8074	−0.040%	$550K	$125K	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0006%	1h	8.8067	−0.049%	$79K	—	150x	as long as short
OKX UNI-USDT-SWAP	+0.0008%	8h	8.8090	−0.023%	$54.3M	$244.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8133	+0.026%	$25K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.8050	−0.068%	$848K	$3.9M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.8177	+0.076%	$1.0M	$3.4M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.8143	+0.038%	$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	8.8140	+0.034%	$215.9M	$593.7M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.8120	+0.011%	$272K	$605K	10x	as long as short
Gate UNI_USDTlong	+0.0100%	8h	8.8110	long leg	$22.9M	$58.9M	75x
MEXC UNI_USDT	+0.0100%	8h	8.8130	+0.023%	$42.7M	$24.4M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.8100	−0.011%	$13.7M	$13.6M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8110	0.000%	$31.9M	$41.0M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.8110	0.000%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8087	−0.026%	$975K	$2.4M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8216	+0.120%	$166K	$343K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8310	+0.227%	$619K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8260	+0.170%	$83K	$713K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8170	+0.068%	$105K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.8045	−0.074%	$86K	$331K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8010	−0.113%	$15K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.8075	−0.040%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.7990	−0.136%	$28K	$659K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.8240	+0.148%	$721K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8070	−0.045%	$26.5M	$4.3M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8086	−0.027%	$307K	$1.4M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8062	−0.055%	$31K	$1K	3x	as long as short
Coinbase International UNI-PERP-INTX	+0.0200%	1h	8.8280	+0.193%	$1.0M	$5.3M	50x	as long as short
dYdX UNI-USDshort	+0.0205%	1h	8.8150	+0.045%	$244K	$5K	10x
BloFin UNI-USDT	+0.0220%	8h	8.8060	−0.057%	$9.8M	$3.3M	75x	as long as short
Kraken Futures PF_UNIUSD	+0.0270%	1h	8.8058	−0.059%	$4.9M	$7.1M	50x	as long as short
Reya UNIRUSDPERP	+0.0359%	1h	8.7979	−0.149%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0380% / S −0.0320%	1h	8.8050	−0.069%	$552K	—	120x	as long as short
Hyperliquid UNI	+0.0386%	1h	8.8239	+0.146%	$95.8M	$59.6M	10x	as long as short
Lighter UNI	+0.0472%	1h	8.8301	+0.217%	$4.5M	$5.3M	15x	as long as short
Aftermath Perps UNIUSD	+0.0497%	1h	8.8189	+0.090%	$1K	$50K	10x	as long as short
Injective UNI/USDC PERP	+0.2702%	1h	8.7900	−0.238%	$657	$97K	12x	as long as short