UNI

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.13 per $10,000 · paid last 24h +0.037%

Price spread now: dYdX against Polymarket Perps−0.194%7-day average −0.032% · you buy dearer than you sell

Net, funding: paid 7d − costs−$52as in the Funding arb table

Net, price: spread back to 7d avg − costs−$96as in the Price arb table

costs, in and out, $10k−$790.794% of the position

Long on Polymarket Perps Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.277%+$28 on $10k

Price spread, last 3 days (all we have)−0.342%−$34 · spread now −0.194%, 7d avg −0.032%

Together, before fees−0.065%−$6 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and dYdX is 0.162% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of −0.032%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.277%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps UNI-USD	9.0440	0.0100	pay 0.0013% / 1h	53m 10s	$87K	$355K	10x
Short	dYdX UNI-USD	9.0265	0	get 0.0000% / 1h	53m 10s	$250K	$6K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Polymarket Perps. 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 Polymarket PerpsbpFee dYdXbpOrdersPrice spread, now −0.194%Rate

Funding earned: −$21
Price spread: −0.194% → −0.032%: −$16.23
Slippage, 4 orders: −$61.39
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$116.62
Costs to cover: 0.794%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 24 min ago; dYdX: live order book, 26 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 Polymarket Perps live order book, 24 min ago	2.25 bp	8.0 bp −$8	10.8 bp −$108	doesn't fit	doesn't fit
Sell dYdX live order book, 26 min ago	27.53 bp	32.5 bp −$33	171.8 bp −$1,718	199.2 bp −$19.9K	413.8 bp −$206.9K

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
Injective UNI/USDC PERP	−0.0049%	1h	8.8300	−2.366%	$660	$155K	12x	as long as short
Variational Omni UNI	−0.0010%	8h	9.0073	−0.406%	$4.0M	$4.4M	—	as long as short
dYdX UNI-USDshort	0.0000%	1h	9.0265	−0.194%	$250K	$6K	10x
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	9.0394	−0.051%	$63K	—	150x	as long as short
Bybit UNIUSDT	+0.0042%	8h	9.0400	−0.044%	$103.2M	$103.6M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0075%	8h	9.0420	−0.022%	$55.9M	$248.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.0230	−0.232%	$26K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.0395	−0.050%	$958K	$4.1M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.0442	+0.002%	$1.1M	$3.3M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.0300	−0.155%	$301K	$586K	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	9.0445	+0.006%	$223.0M	$584.3M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.0380	−0.066%	$279K	$619K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.0430	−0.011%	$23.3M	$57.6M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0390	−0.055%	$43.7M	$23.7M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0410	−0.033%	$13.8M	$13.5M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0410	−0.033%	$32.9M	$41.3M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.0450	+0.011%	—	$6.5M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.0235	−0.226%	$170K	$342K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0290	−0.165%	$638K	$2.5M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0130	−0.343%	$89K	$712K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0300	−0.155%	$108K	$3.2M	20x	as long as short
Polymarket Perps UNI-USDlong	+0.0100%	1h	9.0440	long leg	$87K	$355K	10x
Orderly PERP_UNI_USDC	+0.0100%	8h	9.0430	−0.011%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.0471	+0.034%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.0450	+0.011%	$25K	$654K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.0500	+0.066%	$741K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.0450	+0.011%	$27.3M	$4.4M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0393	−0.052%	$301K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0450	+0.011%	$32K	$1K	3x	as long as short
Backpack UNI_USDC_PERP	+0.0162%	1h	9.0487	+0.052%	$1.0M	$2.3M	10x	as long as short
01 Exchange UNIUSD	+0.0216%	1h	9.0388	−0.057%	$451	—	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.0460	+0.022%	$10.0M	$3.4M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0232%	1h	9.0430	−0.011%	$1.1M	$5.4M	50x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0254%	1h	9.0491	+0.057%	$583K	$175K	50x	as long as short
Reya UNIRUSDPERP	+0.0363%	1h	9.0399	−0.045%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0380% / S −0.0320%	1h	9.0401	−0.043%	$568K	—	120x	as long as short
Kraken Futures PF_UNIUSD	+0.0559%	1h	9.0505	+0.072%	$5.1M	$7.0M	50x	as long as short
Aftermath Perps UNIUSD	+0.0717%	1h	9.0104	−0.372%	$1K	$49K	10x	as long as short
Hyperliquid UNI	+0.0826%	1h	9.0603	+0.180%	$100.2M	$58.4M	10x	as long as short
Lighter UNI	+0.1048%	1h	9.0636	+0.217%	$4.6M	$5.1M	15x	as long as short