Funding you earn now, next payment 08:00 UTC+0.0509%/8h= +55.8% APRnext payment +$0.64 per $10,000 · paid last 24h +0.024%
Price spread now: dYdX against Deribit−0.161%7-day average −0.040% · you buy dearer than you sell
Net, funding: paid 7d − costs−$49as in the Funding arb table
Net, price: spread back to 7d avg − costs−$93as in the Price arb table
costs, in and out, $10k−$810.809% of the position
Funding, last 7 days+0.316%+$32 on $10k
+Price spread, last 4 days (all we have)+0.023%+$2 · spread now −0.161%, 7d avg −0.040%
=Funding pays, the price is against you. dYdX is 0.121% cheaper against Deribit than usual: you would sell low and buy high (spread −0.161% now, against its 7-day average of −0.040%). If the spread goes back, that is −$12 on $10k: about 19 hours of funding at the current rate (+$15 a day). At the pace of the last 7 days (+0.316% in total) that is about 2.7 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.316% in total (about 16.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.64 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit UNI_USDC-PERPETUAL | 8.8935 | 0.0059 | pay 0.0007% / 1h | 13m 10s | $589K | $270K | 50x |
| Short | dYdX UNI-USD | 8.8792 | 0.0568 | get 0.0071% / 1h | 13m 10s | $234K | $30K | 10x |
Deribit UNI_USDC-PERPETUAL
dYdX UNI-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX against Deribit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $106.99
- Price spread: −0.161% → −0.040%
- −$12.08
- Slippage, 4 orders
- −$63.94
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- $13.96
- Costs to cover
- 0.809%
- Break-even
- 6.1 days
Slippage from Deribit: live order book, 26 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 Deribit live order book, 26 min ago | 7.71 bp | 12.7 bp −$13 | 21.2 bp −$212 | doesn't fit | doesn't fit |
| Sell dYdX live order book, 26 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_UNIUSD | −0.0306% | 1h | 8.8886 | −0.055% | $4.7M | $8.6M | 50x | as long as short |
| 01 Exchange UNIUSD | 0.0000% | 1h | 8.8887 | −0.054% | $444 | $5 | 10x | as long as short |
| gTrade (Gains Network) UNI/USD | L +0.0004% / S −0.0005% | 1h | 8.8872 | −0.071% | $76K | — | 150x | as long as short |
| Injective UNI/USDC PERP | +0.0033% | 1h | 8.8300 | −0.714% | $660 | $153K | 12x | as long as short |
| Nado UNI-PERP | +0.0041% | 1h | 8.8780 | −0.175% | $727K | $4.7M | 10x | as long as short |
| Deribit UNI_USDC-PERPETUALlong | +0.0059% | 1h | 8.8935 | long leg | $589K | $270K | 50x | |
| Polymarket Perps UNI-USD | +0.0089% | 1h | 8.8841 | −0.106% | $104K | $616K | 10x | as long as short |
| Lighter UNI | +0.0096% | 1h | 8.8985 | +0.056% | $4.5M | $5.6M | 15x | as long as short |
| Paradex UNI-USD-PERP | +0.0100% | 8h | 8.8739 | −0.221% | $25K | — | 20x | as long as short |
| Hyperliquid UNI | +0.0100% | 1h | 8.8961 | +0.029% | $94.8M | $67.7M | 10x | as long as short |
Kraken Futures PF_UNIUSD
01 Exchange UNIUSD
gTrade (Gains Network) UNI/USD
Injective UNI/USDC PERP
Nado UNI-PERP
Polymarket Perps UNI-USD
Lighter UNI
Paradex UNI-USD-PERP
Hyperliquid UNIShow all 40 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster UNIUSDT | +0.0100% | 8h | 8.8896 | −0.044% | $722K | $3.3M | 50x | as long as short |
| Pacifica UNI | +0.0100% | 1h | 8.8811 | −0.140% | $287K | $591K | 10x | as long as short |
| Binance UNIUSDT | +0.0100% | 8h | 8.8860 | −0.085% | $216.1M | $652.6M | 75x | as long as short |
| Bybit UNIUSDT | +0.0100% | 8h | 8.8850 | −0.096% | $98.4M | $110.5M | 75x | as long as short |
| OKX UNI-USDT-SWAP | +0.0100% | 8h | 8.8830 | −0.118% | $54.4M | $261.8M | 50x | as long as short |
| Arcus UNI-USD | +0.0100% | 1h | 8.8930 | −0.006% | $317K | $690K | 10x | as long as short |
| Gate UNI_USDT | +0.0100% | 8h | 8.8840 | −0.107% | $26.2M | $66.5M | 75x | as long as short |
| MEXC UNI_USDT | +0.0100% | 8h | 8.8850 | −0.096% | $48.1M | $26.3M | 200x | as long as short |
| KuCoin UNIUSDTM | +0.0100% | 8h | 8.8870 | −0.073% | $12.9M | $13.3M | 75x | as long as short |
| Bitget UNIUSDT | +0.0100% | 8h | 8.8840 | −0.107% | $32.5M | $45.3M | 75x | as long as short |
| BingX UNI-USDC | +0.0100% | 8h | 8.8830 | −0.118% | — | $6.5M | — | as long as short |
| Backpack UNI_USDC_PERP | +0.0100% | 1h | 8.8991 | +0.063% | $1.1M | $2.5M | 10x | as long as short |
| Variational Omni UNI | +0.0100% | 8h | 8.8681 | −0.286% | $4.1M | $4.1M | — | as long as short |
| edgeX UNIUSDC | +0.0100% | 4h | 8.8783 | −0.172% | $168K | $348K | 20x | as long as short |
| GRVT UNI_USDT_Perp | +0.0100% | 8h | 8.8888 | −0.054% | $617K | $2.6M | 10x | as long as short |
| ApeX Omni UNIUSDT | +0.0100% | 1h | 8.8820 | −0.130% | $89K | $709K | 50x | as long as short |
| StandX UNI-USD | +0.0100% | 1h | 8.8800 | −0.152% | $14K | $3.5M | 20x | as long as short |
| Orderly PERP_UNI_USDC | +0.0100% | 8h | 8.8890 | −0.051% | $16K | $2.2M | 10x | as long as short |
| SunX UNI-USDT | +0.0100% | 8h | 8.8908 | −0.031% | $36K | $1.3M | 30x | as long as short |
| SoDEX UNI-USD | +0.0100% | 1h | 8.8849 | −0.097% | $32K | $886K | 10x | as long as short |
| HTX UNI-USDT | +0.0100% | 8h | 8.8869 | −0.075% | $701K | $4.7M | 75x | as long as short |
| Phemex UNIUSDT | +0.0100% | 8h | 8.8890 | −0.051% | $26.8M | $4.4M | 50x | as long as short |
| Extended UNI-USD | +0.0104% | 1h | 8.8828 | −0.120% | $291K | $1.8M | 25x | as long as short |
| Aevo UNI-PERP | +0.0104% | 1h | 8.8870 | −0.073% | $32K | — | 3x | as long as short |
| Coinbase International UNI-PERP-INTX | +0.0200% | 1h | 8.8870 | −0.073% | $925K | $5.4M | 50x | as long as short |
| BloFin UNI-USDT | +0.0220% | 8h | 8.8860 | −0.085% | $10.0M | $3.6M | 75x | as long as short |
| GMX UNI/USD [UNI-USDC] | L +0.0381% / S −0.0243% | 1h | 8.8868 | −0.075% | $632K | — | 120x | as long as short |
| Reya UNIRUSDPERP | +0.0381% | 1h | 8.8817 | −0.133% | $16K | — | 20x | as long as short |
| Aftermath Perps UNIUSD | +0.0383% | 1h | 8.8755 | −0.202% | $1K | $52K | 10x | as long as short |
| dYdX UNI-USDshort | +0.0568% | 1h | 8.8792 | −0.161% | $234K | $30K | 10x |
Aster UNIUSDT
Pacifica UNI
Binance UNIUSDT
Bybit UNIUSDT
OKX UNI-USDT-SWAP
Arcus UNI-USD
Gate UNI_USDT
MEXC UNI_USDT
KuCoin UNIUSDTM
Bitget UNIUSDT
BingX UNI-USDC
Backpack UNI_USDC_PERP
Variational Omni UNI
edgeX UNIUSDC
GRVT UNI_USDT_Perp
ApeX Omni UNIUSDT
StandX UNI-USD
Orderly PERP_UNI_USDC
SunX UNI-USDT
SoDEX UNI-USD
HTX UNI-USDT
Phemex UNIUSDT
Extended UNI-USD
Aevo UNI-PERP
Coinbase International UNI-PERP-INTX
BloFin UNI-USDT
GMX UNI/USD [UNI-USDC]
Reya UNIRUSDPERP
Aftermath Perps UNIUSD