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Funding arb · Price arb /

UNI

all UNI markets
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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 22:00 UTC+0.0069%/8h= +7.5% APRpaid last 24h +0.063%
Price spread now: dYdX against OKX+0.077%7-day average +0.046% · you sell dearer than you buy
Net, funding: paid 7d − costs−$111as in the Funding arb table
Net, price: spread back to 7d avg − costs−$137as in the Price arb table
costs, in and out, $10k−$1401.402% of the position
Long on OKXShort on dYdX
What this pair did over the last
the charts below follow
Funding, last 7 days+0.292%+$29 on $10k
Price spread, last 4 days (all we have)+0.035%+$4 · spread now +0.077%, 7d avg +0.046%
Together, before fees+0.327%+$33 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and dYdX is 0.031% dearer against OKX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.046%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX UNI-USDT-SWAP8.92800.0015pay 0.0015% / 8h2h 28m$54.9M$248.5M50x
ShortdYdX UNI-USD8.93490.0084get 0.0010% / 1h28m 40s$247K$5K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

dYdX against OKX. 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

Funding earned
$14.41
Price spread: +0.077% → +0.046%
$3.14
Slippage, 4 orders
−$120.17
Fee OKX: 5 bp × 2 orders
−$10
Fee dYdX: 5 bp × 2 orders
−$10
Net
−$122.63
Costs to cover
1.402%
Break-even
66.6 days
Slippage from OKX: live order book, 5 min ago; dYdX: live order book, 60 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy OKX live order book, 5 min ago0.56 bp6.3 bp −$617.0 bp −$17088.3 bp −$8,826doesn't fit
Sell dYdX live order book, 60 min ago56.32 bp65.1 bp −$65164.3 bp −$1,643255.2 bp −$25.5K509.7 bp −$254.9K

UNI on 40 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni UNI−0.0175%8h8.9141−0.156%$3.9M$4.6M—as long as short
Bybit UNIUSDT−0.0135%8h8.9290+0.011%$102.0M$105.8M75xas long as short
Deribit UNI_USDC-PERPETUAL0.0000%1h8.9264−0.018%$564K$137K50xas long as short
gTrade (Gains Network) UNI/USDL +0.0004% / S −0.0006%1h8.9231−0.055%$80K—150xas long as short
01 Exchange UNIUSD+0.0008%1h8.9324+0.049%$446—10xas long as short
OKX UNI-USDT-SWAPlong+0.0015%8h8.9280long leg$54.9M$248.5M50x
dYdX UNI-USDshort+0.0084%1h8.9349+0.077%$247K$5K10x
Paradex UNI-USD-PERP+0.0100%8h8.9290+0.012%$25K—20xas long as short
Nado UNI-PERP+0.0100%1h8.9210−0.078%$853K$3.9M10xas long as short
Aster UNIUSDT+0.0100%8h8.9360+0.090%$1.0M$3.4M50xas long as short
Show all 40 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica UNI+0.0100%1h8.9343+0.071%$302K$564K10xas long as short
Binance UNIUSDT+0.0100%8h8.9307+0.031%$218.4M$595.1M75xas long as short
Arcus UNI-USD+0.0100%1h8.9370+0.101%$275K$612K10xas long as short
Gate UNI_USDT+0.0100%8h8.9310+0.034%$23.2M$59.2M75xas long as short
MEXC UNI_USDT+0.0100%8h8.9330+0.056%$43.4M$24.6M200xas long as short
KuCoin UNIUSDTM+0.0100%8h8.9300+0.022%$13.9M$13.7M75xas long as short
Bitget UNIUSDT+0.0100%8h8.9300+0.022%$32.4M$41.4M75xas long as short
BingX UNI-USDT+0.0100%8h8.9290+0.011%—$49.8M—as long as short
Backpack UNI_USDC_PERP+0.0100%1h8.9265−0.017%$992K$2.3M10xas long as short
edgeX UNIUSDC+0.0100%4h8.8913−0.411%$167K$344K20xas long as short
GRVT UNI_USDT_Perp+0.0100%8h8.9116−0.184%$625K$2.6M10xas long as short
ApeX Omni UNIUSDT+0.0100%1h8.9180−0.112%$84K$713K50xas long as short
StandX UNI-USD+0.0100%1h8.9160−0.134%$106K$3.2M20xas long as short
Polymarket Perps UNI-USD+0.0100%1h8.9234−0.052%$87K$323K10xas long as short
Orderly PERP_UNI_USDC+0.0100%8h8.9210−0.078%$16K$1.7M10xas long as short
SunX UNI-USDT+0.0100%8h8.9260−0.022%$36K$1.3M30xas long as short
SoDEX UNI-USD+0.0100%1h8.9205−0.084%$25K$666K10xas long as short
HTX UNI-USDT+0.0100%8h8.9302+0.025%$730K$4.3M75xas long as short
Phemex UNIUSDT+0.0100%8h8.9210−0.078%$26.9M$4.4M50xas long as short
Extended UNI-USD+0.0104%1h8.9275−0.005%$308K$1.5M25xas long as short
Aevo UNI-PERP+0.0104%1h8.9228−0.058%$32K$1K3xas long as short
Coinbase International UNI-PERP-INTX+0.0200%1h8.9250−0.034%$1.0M$5.4M50xas long as short
BloFin UNI-USDT+0.0220%8h8.9320+0.045%$9.8M$3.4M75xas long as short
Kraken Futures PF_UNIUSD+0.0267%1h8.9242−0.043%$5.0M$7.1M50xas long as short
Hyperliquid UNI+0.0308%1h8.9400+0.134%$97.2M$59.9M10xas long as short
Reya UNIRUSDPERP+0.0360%1h8.9188−0.104%$16K—20xas long as short
GMX UNI/USD [UNI-USDC]L +0.0379% / S −0.0320%1h8.9223−0.064%$560K—120xas long as short
Aftermath Perps UNIUSD+0.0512%1h8.8858−0.473%$1K$50K10xas long as short
Lighter UNI+0.0560%1h8.9480+0.224%$4.6M$5.4M15xas long as short
Injective UNI/USDC PERP+0.2702%1h8.7900−1.546%$657$97K12xas long as short