UNI

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0455%/8h= −49.8% APRnext payment −$0.57 per $10,000 · paid last 24h −0.025%

Price spread now: Pacifica against dYdX−0.014%7-day average +0.009% · you buy dearer than you sell

Net, funding: paid 7d − costs−$97as in the Funding arb table

Net, price: spread back to 7d avg − costs−$77as in the Price arb table

costs, in and out, $10k−$750.749% of the position

Long on dYdX Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.222%−$22 on $10k

Price spread, last 4 days (all we have)+0.048%+$5 · spread now −0.014%, 7d avg +0.009%

Together, before fees−0.174%+ Points / potential airdropPacifica: Active · farm board−$17 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and Pacifica is 0.023% cheaper against dYdX than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.009%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.222% in total (about -11.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.57 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	dYdX UNI-USD	8.8382	0.0555	pay 0.0069% / 1h	22m 02s	$233K	$30K	10x
Short	Pacifica UNI	8.8370	0.0100	get 0.0013% / 1h	22m 02s	$286K	$599K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.014%Rate

Funding earned: −$95.58
Price spread: −0.014% → +0.009%: −$2.3
Slippage, 4 orders: −$56.87
Fee dYdX: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$172.76
Costs to cover: 0.749%
Break-even: never at this rate

Slippage from dYdX: live order book, 17 min ago; Pacifica: live order book, 17 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, 17 min ago	21.99 bp	27.0 bp −$27	27.0 bp −$270	122.9 bp −$12.3K	333.7 bp −$166.9K
Sell Pacifica live order book, 17 min ago	0.56 bp	12.5 bp −$13	doesn't fit	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
Kraken Futures PF_UNIUSD	−0.0307%	1h	8.8414	+0.036%	$4.7M	$8.6M	50x	as long as short
01 Exchange UNIUSD	−0.0016%	1h	8.8339	−0.049%	$441	$5	10x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0005%	1h	8.8297	−0.097%	$72K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−0.093%	$660	$153K	12x	as long as short
Nado UNI-PERP	+0.0038%	1h	8.8247	−0.153%	$723K	$4.7M	10x	as long as short
Polymarket Perps UNI-USD	+0.0061%	1h	8.8278	−0.118%	$105K	$615K	10x	as long as short
Lighter UNI	+0.0096%	1h	8.8464	+0.092%	$4.4M	$5.6M	15x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8318	−0.073%	$25K	—	20x	as long as short
Hyperliquid UNI	+0.0100%	1h	8.8426	+0.049%	$94.1M	$67.5M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.8387	+0.005%	$718K	$3.3M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica UNIshort	+0.0100%	1h	8.8370	−0.014%	$286K	$599K	10x
Binance UNIUSDT	+0.0100%	8h	8.8330	−0.059%	$213.9M	$651.8M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	8.8310	−0.082%	$97.8M	$110.5M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	8.8310	−0.082%	$54.1M	$260.7M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.8370	−0.014%	$315K	$690K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.8340	−0.048%	$26.0M	$66.4M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.8340	−0.048%	$47.9M	$26.3M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.8340	−0.048%	$13.0M	$13.3M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8330	−0.059%	$32.4M	$45.3M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.8320	−0.071%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8405	+0.026%	$1.0M	$2.5M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	8.8189	−0.219%	$4.1M	$4.1M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8233	−0.168%	$167K	$346K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8199	−0.207%	$612K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8320	−0.071%	$89K	$709K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8160	−0.252%	$14K	$3.4M	20x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8250	−0.150%	$16K	$2.2M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.8324	−0.066%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.8341	−0.047%	$32K	$887K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.8453	+0.080%	$696K	$4.8M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8300	−0.093%	$26.6M	$4.5M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8294	−0.100%	$285K	$1.7M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8340	−0.048%	$31K	—	3x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0127%	1h	8.8323	−0.068%	$584K	$265K	50x	as long as short
Coinbase International UNI-PERP-INTX	+0.0200%	1h	8.8380	−0.003%	$920K	$5.4M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.8260	−0.138%	$10.1M	$3.6M	75x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0243%	1h	8.8293	−0.101%	$628K	—	120x	as long as short
Reya UNIRUSDPERP	+0.0381%	1h	8.8240	−0.161%	$16K	—	20x	as long as short
Aftermath Perps UNIUSD	+0.0410%	1h	8.8376	−0.007%	$976	$52K	10x	as long as short
dYdX UNI-USDlong	+0.0555%	1h	8.8382	long leg	$233K	$30K	10x