Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0053%/8h= −5.8% APRpaid last 24h +0.007%

Price spread now: dYdX against BloFin+0.006%7-day average −0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$182as in the Funding arb table

Net, price: spread back to 7d avg − costs−$182as in the Price arb table

costs, in and out, $10k−$1841.840% of the position

Long on BloFin Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.017%+$2 on $10k

Price spread, last 3 days (all we have)−0.081%−$8 · spread now +0.006%, 7d avg −0.016%

Together, before fees−0.064%−$6 on $10k · with fees, hour by hour

The price spread pays, funding is against you. dYdX is 0.022% dearer against BloFin than usual: you sell high and buy low (spread +0.006% now, against its 7-day average of −0.016%): +$2 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 33 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin UNI-USDT	8.8070	0.0220	pay 0.0220% / 8h	1h 44m	$9.8M	$3.3M	75x
Short	dYdX UNI-USD	8.8076	0.0167	get 0.0021% / 1h	44m 34s	$244K	$6K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against BloFin. 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 BloFinbpFee dYdXbpOrdersPrice spread, now +0.006%Rate

Funding earned: −$11.17
Price spread: +0.006% → −0.016%: $2.2
Slippage, 4 orders: −$161.97
Fee BloFin: 6 bp × 2 orders: −$12
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$192.95
Costs to cover: 1.840%
Break-even: never at this rate

Slippage from BloFin: live order book, 4 min ago; dYdX: live order book, 39 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 BloFin live order book, 4 min ago	2.28 bp	9.3 bp −$9	13.9 bp −$139	45.7 bp −$4,575	doesn't fit
Sell dYdX live order book, 39 min ago	76.60 bp	82.0 bp −$82	195.5 bp −$1,955	277.1 bp −$27.7K	616.1 bp −$308.1K

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	−0.0078%	8h	8.7827	−0.276%	$3.9M	$4.7M	—	as long as short
Bybit UNIUSDT	−0.0031%	8h	8.8050	−0.023%	$100.6M	$104.6M	75x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0006%	1h	8.8072	+0.002%	$79K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.7900	−0.193%	$657	$96K	12x	as long as short
OKX UNI-USDT-SWAP	+0.0034%	8h	8.8070	0.000%	$54.5M	$243.1M	50x	as long as short
01 Exchange UNIUSD	+0.0040%	1h	8.8173	+0.117%	$440	—	10x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0055%	1h	8.8113	+0.049%	$561K	$157K	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8020	−0.057%	$25K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.8012	−0.065%	$856K	$4.0M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.8103	+0.037%	$1.0M	$3.4M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica UNI	+0.0100%	1h	8.8080	+0.011%	$297K	$579K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.8080	+0.011%	$216.3M	$590.4M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.8170	+0.114%	$272K	$606K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.8110	+0.045%	$22.9M	$58.3M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.8090	+0.023%	$42.5M	$24.4M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.8050	−0.023%	$13.5M	$13.9M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8080	+0.011%	$32.1M	$41.2M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	8.8080	+0.011%	—	$52.1M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8091	+0.024%	$975K	$2.3M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.7803	−0.303%	$165K	$344K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.7853	−0.247%	$612K	$2.5M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.7890	−0.204%	$87K	$715K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.7910	−0.182%	$105K	$3.2M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.8036	−0.039%	$87K	$350K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8050	−0.023%	$15K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.8096	+0.030%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.8045	−0.028%	$25K	$668K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.8096	+0.030%	$723K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8000	−0.079%	$26.5M	$4.5M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8063	−0.007%	$298K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8060	−0.011%	$31K	$1K	3x	as long as short
dYdX UNI-USDshort	+0.0167%	1h	8.8076	+0.006%	$244K	$6K	10x
BloFin UNI-USDTlong	+0.0220%	8h	8.8070	long leg	$9.8M	$3.3M	75x
Coinbase International UNI-PERP-INTX	+0.0224%	1h	8.8120	+0.057%	$1.0M	$5.2M	50x	as long as short
Hyperliquid UNI	+0.0321%	1h	8.8184	+0.130%	$96.5M	$59.6M	10x	as long as short
Kraken Futures PF_UNIUSD	+0.0344%	1h	8.8102	+0.036%	$4.9M	$6.9M	50x	as long as short
Reya UNIRUSDPERP	+0.0361%	1h	8.8007	−0.072%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0379% / S −0.0319%	1h	8.8062	−0.009%	$551K	—	120x	as long as short
Lighter UNI	+0.0504%	1h	8.8233	+0.185%	$4.5M	$5.2M	15x	as long as short
Aftermath Perps UNIUSD	+0.0623%	1h	8.7942	−0.145%	$1K	$49K	10x	as long as short