UNI

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0066%/8h= −7.2% APRnext payment −$0.08 per $10,000 · paid last 24h −0.010%

Price spread now: dYdX against Coinbase International+0.047%7-day average −0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$223as in the Funding arb table

Net, price: spread back to 7d avg − costs−$253as in the Price arb table

costs, in and out, $10k−$2602.597% of the position

Long on Coinbase International Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.367%+$37 on $10k

Price spread, last 4 days (all we have)−0.133%−$13 · spread now +0.047%, 7d avg −0.016%

Together, before fees+0.234%+$23 on $10k · with fees, hour by hour

The price spread pays, funding is against you. dYdX is 0.063% dearer against Coinbase International than usual: you sell high and buy low (spread +0.047% now, against its 7-day average of −0.016%): +$6 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.2 days. Mind the row above: over the last 7 days funding on this pair paid +0.367%, 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	Coinbase International UNI-PERP-INTX	8.9680	0.0192	pay 0.0024% / 1h	47m 41s	$937K	$5.6M	50x
Short	dYdX UNI-USD	8.9722	0.0126	get 0.0016% / 1h	47m 41s	$236K	$31K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Coinbase International. 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 Coinbase InternationalbpFee dYdXbpOrdersPrice spread, now +0.047%Rate

Funding earned: −$13.86
Price spread: +0.047% → −0.016%: $6.28
Slippage, 4 orders: −$239.68
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$267.26
Costs to cover: 2.597%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 1 min ago; dYdX: live order book, 61 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 Coinbase International live order book, 1 min ago	3.34 bp	18.8 bp −$19	22.7 bp −$227	74.2 bp −$7,424	doesn't fit
Sell dYdX live order book, 61 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	−0.0111%	1h	8.9632	−0.054%	$120K	$582K	10x	as long as short
Kraken Futures PF_UNIUSD	−0.0017%	1h	8.9669	−0.013%	$4.7M	$8.6M	50x	as long as short
Deribit UNI_USDC-PERPETUAL	0.0000%	1h	8.9713	+0.036%	$591K	$249K	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0007%	1h	8.9678	−0.002%	$49K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−1.539%	$660	$153K	12x	as long as short
01 Exchange UNIUSD	+0.0072%	1h	8.9767	+0.097%	$448	$5	10x	as long as short
Lighter UNI	+0.0096%	1h	8.9809	+0.144%	$4.5M	$5.6M	15x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.9664	−0.018%	$26K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.9630	−0.056%	$775K	$4.7M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.9750	+0.078%	$740K	$3.6M	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	8.9709	+0.033%	$287K	$593K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.9720	+0.044%	$217.0M	$660.5M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	8.9710	+0.033%	$99.8M	$112.2M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	8.9730	+0.056%	$54.7M	$267.4M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.9690	+0.011%	$320K	$705K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.9740	+0.067%	$25.0M	$66.2M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.9680	0.000%	$49.4M	$26.5M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.9730	+0.056%	$13.1M	$13.4M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.9680	0.000%	$33.0M	$45.5M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	8.9680	0.000%	—	$57.3M	—	as long as short
Variational Omni UNI	+0.0100%	8h	8.9650	−0.033%	$4.1M	$4.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.9747	+0.074%	$170K	$346K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.9765	+0.095%	$627K	$2.7M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.9720	+0.045%	$90K	$710K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.9760	+0.089%	$15K	$3.5M	20x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.9680	0.000%	$16K	$1.8M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.9716	+0.040%	$36K	$1.4M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.9646	−0.038%	$32K	$887K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.9724	+0.049%	$701K	$5.0M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.9670	−0.011%	$27.1M	$4.5M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.9690	+0.012%	$299K	$1.7M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.9695	+0.017%	$32K	—	3x	as long as short
dYdX UNI-USDshort	+0.0126%	1h	8.9722	+0.047%	$236K	$31K	10x
Backpack UNI_USDC_PERP	+0.0171%	1h	8.9688	+0.009%	$1.1M	$2.4M	10x	as long as short
Coinbase International UNI-PERP-INTXlong	+0.0192%	1h	8.9680	long leg	$937K	$5.6M	50x
BloFin UNI-USDT	+0.0220%	8h	8.9820	+0.156%	$10.1M	$3.7M	75x	as long as short
Reya UNIRUSDPERP	+0.0378%	1h	8.9645	−0.039%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0243%	1h	8.9685	+0.006%	$638K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0491%	1h	8.9833	+0.171%	$950	$54K	10x	as long as short
Hyperliquid UNI	+0.0530%	1h	8.9858	+0.198%	$96.8M	$66.6M	10x	as long as short