Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0028%/8h= +3.1% APRpaid last 24h +0.053%

Price spread now: dYdX against Bybit+0.038%7-day average +0.072% · you sell dearer than you buy

Net, funding: paid 7d − costs−$220as in the Funding arb table

Net, price: spread back to 7d avg − costs−$255as in the Price arb table

costs, in and out, $10k−$2512.514% of the position

Long on Bybit Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.310%+$31 on $10k

Price spread, last 4 days (all we have)+0.072%+$7 · spread now +0.038%, 7d avg +0.072%

Together, before fees+0.382%+$38 on $10k · with fees, hour by hour

Funding pays, the price is against you. dYdX is 0.034% cheaper against Bybit than usual: you would sell low and buy high (spread +0.038% now, against its 7-day average of +0.072%). If the spread goes back, that is −$3 on $10k: about 4.1 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.310% in total) that is about 19 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit UNIUSDT	8.9640	0.0100	pay 0.0100% / 8h	1h 45m	$99.7M	$112.2M	75x
Short	dYdX UNI-USD	8.9674	0.0128	get 0.0016% / 1h	45m 40s	$236K	$31K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Bybit. 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 BybitbpFee dYdXbpOrdersPrice spread, now +0.038%Rate

Funding earned: $5.85
Price spread: +0.038% → +0.072%: −$3.45
Slippage, 4 orders: −$230.41
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$249.01
Costs to cover: 2.514%
Break-even: 305.0 days

Slippage from Bybit: live order book, 3 min ago; dYdX: live order book, 63 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 Bybit live order book, 3 min ago	0.56 bp	13.6 bp −$14	23.3 bp −$233	48.2 bp −$4,824	doesn't fit
Sell dYdX live order book, 63 min ago	109.64 bp	114.6 bp −$115	114.6 bp −$1,146	151.9 bp −$15.2K	469.4 bp −$234.7K

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
Polymarket Perps UNI-USD	−0.0126%	1h	8.9651	+0.012%	$118K	$585K	10x	as long as short
Kraken Futures PF_UNIUSD	−0.0017%	1h	8.9711	+0.079%	$4.7M	$8.6M	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0007%	1h	8.9702	+0.069%	$49K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−1.495%	$660	$153K	12x	as long as short
01 Exchange UNIUSD	+0.0064%	1h	8.9757	+0.131%	$448	$5	10x	as long as short
Lighter UNI	+0.0096%	1h	8.9767	+0.142%	$4.5M	$5.6M	15x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.9610	−0.034%	$26K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.9665	+0.028%	$776K	$4.7M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.9678	+0.043%	$740K	$3.6M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.9673	+0.037%	$287K	$593K	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	8.9634	−0.007%	$216.8M	$660.1M	75x	as long as short
Bybit UNIUSDTlong	+0.0100%	8h	8.9640	long leg	$99.7M	$112.2M	75x
OKX UNI-USDT-SWAP	+0.0100%	8h	8.9680	+0.045%	$54.6M	$267.3M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.9800	+0.178%	$320K	$705K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.9690	+0.056%	$25.0M	$66.3M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.9680	+0.045%	$49.4M	$26.5M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.9680	+0.045%	$13.1M	$13.4M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.9660	+0.022%	$33.0M	$45.4M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.9680	+0.045%	—	$6.5M	—	as long as short
Variational Omni UNI	+0.0100%	8h	8.9649	+0.010%	$4.1M	$4.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.9652	+0.014%	$170K	$347K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.9765	+0.140%	$627K	$2.7M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.9720	+0.089%	$90K	$710K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.9750	+0.123%	$15K	$3.5M	20x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.9690	+0.056%	$16K	$1.8M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.9765	+0.139%	$37K	$1.4M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.9685	+0.050%	$32K	$887K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.9766	+0.141%	$702K	$5.0M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.9700	+0.067%	$27.1M	$4.5M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.9670	+0.034%	$299K	$1.7M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.9685	+0.050%	$32K	—	3x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0108%	1h	8.9728	+0.098%	$591K	$249K	50x	as long as short
dYdX UNI-USDshort	+0.0128%	1h	8.9674	+0.038%	$236K	$31K	10x
Backpack UNI_USDC_PERP	+0.0187%	1h	8.9754	+0.127%	$1.1M	$2.4M	10x	as long as short
Coinbase International UNI-PERP-INTX	+0.0192%	1h	8.9780	+0.156%	$937K	$5.6M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.9690	+0.056%	$10.1M	$3.7M	75x	as long as short
Reya UNIRUSDPERP	+0.0378%	1h	8.9673	+0.036%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0243%	1h	8.9695	+0.061%	$638K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0493%	1h	8.9789	+0.166%	$980	$54K	10x	as long as short
Hyperliquid UNI	+0.0513%	1h	8.9772	+0.147%	$96.7M	$66.7M	10x	as long as short