Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0108%/8h= −11.8% APRpaid last 24h −0.039%

Price spread now: BingX against dYdX+0.108%7-day average −0.041% · you sell dearer than you buy

Net, funding: paid 7d − costs−$206as in the Funding arb table

Net, price: spread back to 7d avg − costs−$161as in the Price arb table

costs, in and out, $10k−$1751.754% of the position

Long on dYdX Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.303%−$30 on $10k

Price spread, last 4 days (all we have)−0.180%−$18 · spread now +0.108%, 7d avg −0.041%

Together, before fees−0.483%−$48 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BingX is 0.149% dearer against dYdX than usual: you sell high and buy low (spread +0.108% now, against its 7-day average of −0.041%): +$15 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 4.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX UNI-USD	8.7626	0.0208	pay 0.0026% / 1h	0m 12s	$243K	$6K	10x
Short	BingX UNI-USDT	8.7720	0.0100	get 0.0100% / 8h	2h 00m	—	$52.1M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against dYdX. 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 dYdXbpFee BingXbpOrdersPrice spread, now +0.108%Rate

Funding earned: −$22.67
Price spread: +0.108% → −0.041%: $14.86
Slippage, 4 orders: −$155.43
Fee dYdX: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$183.24
Costs to cover: 1.754%
Break-even: never at this rate

Slippage from dYdX: live order book, 24 min ago; BingX: live order book, 9 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 dYdX live order book, 24 min ago	76.60 bp	81.6 bp −$82	81.6 bp −$816	105.3 bp −$10.5K	355.2 bp −$177.6K
Sell BingX live order book, 9 min ago	0.57 bp	6.2 bp −$6	8.3 bp −$83	18.1 bp −$1,809	80.1 bp −$40.1K

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	−0.0101%	8h	8.7671	+0.052%	$3.9M	$4.6M	—	as long as short
Bybit UNIUSDT	−0.0056%	8h	8.7700	+0.085%	$100.3M	$106.4M	75x	as long as short
Deribit UNI_USDC-PERPETUAL	0.0000%	1h	8.7802	+0.201%	$560K	$156K	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0006%	1h	8.7780	+0.177%	$79K	—	150x	as long as short
OKX UNI-USDT-SWAP	+0.0036%	8h	8.7720	+0.108%	$54.2M	$245.3M	50x	as long as short
01 Exchange UNIUSD	+0.0048%	1h	8.7730	+0.119%	$438	—	10x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.7611	−0.017%	$25K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.7718	+0.105%	$849K	$4.0M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.7811	+0.212%	$1.0M	$3.4M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.7650	+0.028%	$298K	$565K	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	8.7752	+0.144%	$214.6M	$597.8M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.7740	+0.131%	$270K	$612K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.7730	+0.119%	$22.7M	$59.7M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.7740	+0.131%	$42.3M	$24.9M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.7720	+0.108%	$13.4M	$13.8M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.7720	+0.108%	$31.8M	$41.7M	75x	as long as short
BingX UNI-USDTshort	+0.0100%	8h	8.7720	+0.108%	—	$52.1M	—
Backpack UNI_USDC_PERP	+0.0100%	1h	8.7777	+0.173%	$973K	$2.3M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.7954	+0.375%	$165K	$344K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.7999	+0.426%	$611K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.7930	+0.347%	$83K	$714K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.7810	+0.210%	$105K	$3.2M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.7736	+0.126%	$86K	$348K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.7760	+0.153%	$15K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.7805	+0.205%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.7731	+0.120%	$25K	$668K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.7892	+0.304%	$719K	$4.4M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.7770	+0.165%	$26.4M	$4.4M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.7702	+0.087%	$299K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.7762	+0.155%	$31K	$1K	3x	as long as short
Coinbase International UNI-PERP-INTX	+0.0200%	1h	8.7790	+0.188%	$1.0M	$5.3M	50x	as long as short
dYdX UNI-USDlong	+0.0208%	1h	8.7626	long leg	$243K	$6K	10x
BloFin UNI-USDT	+0.0220%	8h	8.7670	+0.051%	$9.8M	$3.4M	75x	as long as short
Kraken Futures PF_UNIUSD	+0.0271%	1h	8.7800	+0.199%	$4.9M	$7.2M	50x	as long as short
Hyperliquid UNI	+0.0342%	1h	8.7856	+0.263%	$96.0M	$60.0M	10x	as long as short
Reya UNIRUSDPERP	+0.0361%	1h	8.7735	+0.125%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0379% / S −0.0320%	1h	8.7782	+0.178%	$550K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0629%	1h	8.7971	+0.394%	$1K	$50K	10x	as long as short
Lighter UNI	+0.0632%	1h	8.7921	+0.337%	$4.5M	$5.4M	15x	as long as short
Injective UNI/USDC PERP	+0.2702%	1h	8.7900	+0.313%	$657	$97K	12x	as long as short