UNI

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0064%/8h= −7.0% APRnext payment −$0.08 per $10,000 · paid last 24h −0.042%

Price spread now: Deribit against dYdX+0.072%7-day average +0.042% · you sell dearer than you buy

Net, funding: paid 7d − costs−$135as in the Funding arb table

Net, price: spread back to 7d avg − costs−$100as in the Price arb table

costs, in and out, $10k−$1031.032% of the position

Long on dYdX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.320%−$32 on $10k

Price spread, last 4 days (all we have)+0.642%+$64 · spread now +0.072%, 7d avg +0.042%

Together, before fees+0.322%+$32 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Deribit is 0.030% dearer against dYdX than usual: you sell high and buy low (spread +0.072% now, against its 7-day average of +0.042%): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 37 hours. At the pace of the last 7 days (−0.320% in total) that is about 16 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX UNI-USD	9.0872	0.0123	pay 0.0015% / 1h	6m 19s	$239K	$32K	10x
Short	Deribit UNI_USDC-PERPETUAL	9.0937	0.0059	get 0.0007% / 1h	6m 19s	$582K	$193K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.072%Rate

Funding earned: −$13.5
Price spread: +0.072% → +0.042%: $2.99
Slippage, 4 orders: −$86.16
Fee dYdX: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$113.67
Costs to cover: 1.032%
Break-even: never at this rate

Slippage from dYdX: live order book, 58 min ago; Deribit: live order book, 57 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, 58 min ago	33.44 bp	38.4 bp −$38	38.4 bp −$384	89.7 bp −$8,967	442.6 bp −$221.3K
Sell Deribit live order book, 57 min ago	7.07 bp	15.1 bp −$15	24.3 bp −$243	doesn't fit	doesn't fit

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
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	9.0896	+0.027%	$37K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−2.830%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0056%	1h	9.0902	+0.033%	$454	$5	10x	as long as short
Deribit UNI_USDC-PERPETUALshort	+0.0059%	1h	9.0937	+0.072%	$582K	$193K	50x
Nado UNI-PERP	+0.0100%	1h	9.0870	−0.002%	$939K	$4.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.0922	+0.055%	$1.0M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.0911	+0.043%	$296K	$580K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.1010	+0.152%	$225.4M	$624.4M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.0980	+0.119%	$102.3M	$110.4M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.1000	+0.141%	$55.9M	$257.4M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus UNI-USD	+0.0100%	1h	9.1050	+0.196%	$288K	$618K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.0880	+0.009%	$23.2M	$62.2M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0920	+0.053%	$49.0M	$25.3M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0910	+0.042%	$13.7M	$13.0M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0860	−0.013%	$33.4M	$43.7M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	9.0880	+0.009%	—	$56.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.1033	+0.177%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.1627	+0.831%	$4.3M	$4.2M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.1500	+0.691%	$172K	$344K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.1500	+0.691%	$637K	$2.7M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.1480	+0.669%	$89K	$695K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.1040	+0.185%	$36K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.0903	+0.034%	$87K	$420K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.0890	+0.020%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.1007	+0.149%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.0925	+0.059%	$22K	$790K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.1147	+0.303%	$714K	$4.5M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.1030	+0.174%	$27.5M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.0894	+0.024%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0854	−0.020%	$303K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0897	+0.028%	$32K	—	3x	as long as short
dYdX UNI-USDlong	+0.0123%	1h	9.0872	long leg	$239K	$32K	10x
BloFin UNI-USDT	+0.0220%	8h	9.1030	+0.174%	$10.4M	$3.6M	75x	as long as short
Kraken Futures PF_UNIUSD	+0.0270%	1h	9.1008	+0.150%	$5.1M	$7.7M	50x	as long as short
Coinbase International UNI-PERP-INTX	+0.0296%	1h	9.0960	+0.097%	$1.1M	$5.4M	50x	as long as short
Reya UNIRUSDPERP	+0.0371%	1h	9.0856	−0.018%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.0895	+0.025%	$647K	—	120x	as long as short
Hyperliquid UNI	+0.0546%	1h	9.1033	+0.177%	$99.3M	$61.7M	10x	as long as short
Lighter UNI	+0.0568%	1h	9.1060	+0.207%	$4.6M	$5.8M	15x	as long as short
Aftermath Perps UNIUSD	+0.1030%	1h	9.1563	+0.761%	$956	$47K	10x	as long as short