UNI

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0421%/8h= −46.1% APRnext payment −$0.53 per $10,000 · paid last 24h −0.011%

Price spread now: dYdX against Hyperliquid−0.098%7-day average −0.099% · you buy dearer than you sell

Net, funding: paid 7d − costs−$146as in the Funding arb table

Net, price: spread back to 7d avg − costs−$150as in the Price arb table

costs, in and out, $10k−$1511.505% of the position

Long on Hyperliquid Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.043%+$4 on $10k

Price spread, last 4 days (all we have)−0.102%−$10 · spread now −0.098%, 7d avg −0.099%

Together, before fees−0.059%+ Points / potential airdropHyperliquid: Season 2 · farm board−$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.099%, so right now this pair is about funding alone: −$13 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.043% in total (about 2.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.53 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid UNI	9.1962	0.0554	pay 0.0069% / 1h	19m 51s	$101.3M	$59.8M	10x
Short	dYdX UNI-USD	9.1872	0.0133	get 0.0017% / 1h	19m 51s	$242K	$20K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Hyperliquid. 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 HyperliquidbpFee dYdXbpOrdersPrice spread, now −0.098%Rate

Funding earned: −$88.36
Price spread: −0.098% → −0.099%: $0.04
Slippage, 4 orders: −$131.51
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$238.83
Costs to cover: 1.505%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 4 min ago; dYdX: live order book, 54 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 Hyperliquid live order book, 4 min ago	1.40 bp	7.8 bp −$8	doesn't fit	doesn't fit	doesn't fit
Sell dYdX live order book, 54 min ago	62.45 bp	67.5 bp −$67	176.7 bp −$1,767	337.8 bp −$33.8K	651.6 bp −$325.8K

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	9.2067	+0.114%	$595K	$185K	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	9.2051	+0.096%	$39K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−3.982%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0072%	1h	9.2065	+0.112%	$459	—	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.1955	−0.008%	$1.0M	$4.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.1924	−0.041%	$1.1M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.2009	+0.052%	$307K	$586K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.1964	+0.002%	$230.8M	$603.5M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.1870	−0.100%	$103.5M	$107.9M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.1860	−0.111%	$56.6M	$258.4M	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	9.2100	+0.150%	$284K	$626K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.1890	−0.078%	$23.5M	$60.1M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.1880	−0.089%	$46.2M	$24.4M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.1890	−0.078%	$13.7M	$13.6M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.1840	−0.133%	$33.9M	$43.2M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	9.1870	−0.100%	—	$56.7M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.1861	−0.110%	$1.0M	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.2000	+0.041%	$4.2M	$4.4M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.2914	+1.036%	$175K	$344K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.2775	+0.884%	$648K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.2790	+0.900%	$91K	$707K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.2070	+0.117%	$57K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.2048	+0.094%	$85K	$384K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.2020	+0.063%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.2115	+0.166%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.2002	+0.043%	$22K	$717K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.2068	+0.115%	$727K	$4.4M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.1950	−0.013%	$27.7M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.1899	−0.068%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.1844	−0.128%	$311K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.2040	+0.085%	$33K	—	3x	as long as short
dYdX UNI-USDshort	+0.0133%	1h	9.1872	−0.098%	$242K	$20K	10x
BloFin UNI-USDT	+0.0220%	8h	9.2020	+0.063%	$10.3M	$3.6M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0272%	1h	9.2130	+0.183%	$1.1M	$4.9M	50x	as long as short
Reya UNIRUSDPERP	+0.0366%	1h	9.1968	+0.006%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0323%	1h	9.2063	+0.110%	$581K	—	120x	as long as short
Kraken Futures PF_UNIUSD	+0.0381%	1h	9.2081	+0.130%	$5.1M	$7.1M	50x	as long as short
Hyperliquid UNIlong	+0.0554%	1h	9.1962	long leg	$101.3M	$59.8M	10x
Lighter UNI	+0.0960%	1h	9.2038	+0.083%	$4.7M	$5.3M	15x	as long as short
Aftermath Perps UNIUSD	+0.1035%	1h	9.2424	+0.502%	$935	$49K	10x	as long as short