UNI

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0041%/8h= +4.5% APRnext payment +$0.05 per $10,000 · paid last 24h +0.027%

Price spread now: dYdX against Backpack−0.132%7-day average −0.025% · you buy dearer than you sell

Net, funding: paid 7d − costs−$44as in the Funding arb table

Net, price: spread back to 7d avg − costs−$78as in the Price arb table

costs, in and out, $10k−$670.675% of the position

Long on Backpack Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.237%+$24 on $10k

Price spread, last 4 days (all we have)+0.077%+$8 · spread now −0.132%, 7d avg −0.025%

Together, before fees+0.314%+$31 on $10k · with fees, hour by hour

Funding pays, the price is against you. dYdX is 0.107% cheaper against Backpack than usual: you would sell low and buy high (spread −0.132% now, against its 7-day average of −0.025%). If the spread goes back, that is −$11 on $10k: about 8.7 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.237% in total) that is about 3.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack UNI_USDC_PERP	8.9503	0.0273	pay 0.0034% / 1h	47m 53s	$1.1M	$2.5M	10x
Short	dYdX UNI-USD	8.9385	0.0314	get 0.0039% / 1h	47m 53s	$235K	$31K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Backpack. 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 BackpackbpFee dYdXbpOrdersPrice spread, now −0.132%Rate

Funding earned: $8.58
Price spread: −0.132% → −0.025%: −$10.66
Slippage, 4 orders: −$47.47
Fee Backpack: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$69.54
Costs to cover: 0.675%
Break-even: 63.7 days

Slippage from Backpack: live order book, 1 min ago; dYdX: live order book, 51 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 Backpack live order book, 1 min ago	0.28 bp	5.9 bp −$6	71.2 bp −$712	doesn't fit	doesn't fit
Sell dYdX live order book, 51 min ago	21.99 bp	27.5 bp −$28	95.2 bp −$952	196.5 bp −$19.7K	395.5 bp −$197.7K

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
Phemex UNIUSDT	−0.0140%	8h	8.9430	−0.082%	$27.0M	$4.4M	50x	as long as short
Kraken Futures PF_UNIUSD	−0.0062%	1h	8.9450	−0.059%	$4.7M	$8.6M	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0005%	1h	8.9450	−0.059%	$77K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−1.344%	$660	$153K	12x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0073%	1h	8.9459	−0.049%	$593K	$273K	50x	as long as short
Nado UNI-PERP	+0.0076%	1h	8.9367	−0.151%	$731K	$4.7M	10x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.9337	−0.186%	$26K	—	20x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.9536	+0.037%	$728K	$3.2M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.9421	−0.091%	$290K	$568K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.9503	0.000%	$217.8M	$652.8M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit UNIUSDT	+0.0100%	8h	8.9530	+0.030%	$99.3M	$110.8M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	8.9540	+0.041%	$54.8M	$263.9M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.9480	−0.026%	$324K	$701K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.9540	+0.041%	$26.7M	$62.6M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.9510	+0.008%	$48.1M	$25.3M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.9520	+0.019%	$13.1M	$13.3M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.9560	+0.064%	$33.2M	$46.2M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.9530	+0.030%	—	$6.5M	—	as long as short
Variational Omni UNI	+0.0100%	8h	8.9300	−0.227%	$4.1M	$4.0M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.9122	−0.426%	$168K	$346K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.9123	−0.425%	$630K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.9160	−0.383%	$90K	$710K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.9590	+0.097%	$14K	$3.5M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.9440	−0.070%	$105K	$616K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.9430	−0.082%	$17K	$2.3M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.9431	−0.080%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.9382	−0.135%	$32K	$894K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.9590	+0.097%	$710K	$4.7M	75x	as long as short
Extended UNI-USD	+0.0104%	1h	8.9468	−0.040%	$300K	$1.8M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.9400	−0.115%	$32K	—	3x	as long as short
Lighter UNI	+0.0136%	1h	8.9545	+0.047%	$4.5M	$5.4M	15x	as long as short
01 Exchange UNIUSD	+0.0136%	1h	8.9468	−0.039%	$446	$5	10x	as long as short
Hyperliquid UNI	+0.0137%	1h	8.9677	+0.194%	$95.7M	$67.6M	10x	as long as short
Coinbase International UNI-PERP-INTX	+0.0208%	1h	8.9460	−0.048%	$931K	$5.5M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.9600	+0.108%	$10.2M	$3.6M	75x	as long as short
Backpack UNI_USDC_PERPlong	+0.0273%	1h	8.9503	long leg	$1.1M	$2.5M	10x
dYdX UNI-USDshort	+0.0314%	1h	8.9385	−0.132%	$235K	$31K	10x
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0243%	1h	8.9455	−0.053%	$636K	—	120x	as long as short
Reya UNIRUSDPERP	+0.0382%	1h	8.9415	−0.098%	$16K	—	20x	as long as short
Aftermath Perps UNIUSD	+0.0388%	1h	8.9373	−0.145%	$1K	$52K	10x	as long as short