UNI

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0329%/8h= −36.0% APRnext payment −$0.41 per $10,000 · paid last 24h −0.032%

Price spread now: SoDEX against dYdX−0.074%144s7-day average −0.020% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$710.711% of the position

Long on dYdX Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.278%−$28 on $10k

Price spread, last 4 days (all we have)+0.238%+$24 · spread now −0.074%, 7d avg −0.020%

Together, before fees−0.040%−$4 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and SoDEX is 0.054% cheaper against dYdX than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.020%). Swap the legs. The two prices were read 144 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX UNI-USD	8.7635	0.0429	pay 0.0054% / 1h	3m 03s	$230K	$32K	10x
Short	SoDEX UNI-USD	8.7570	0.0100	get 0.0013% / 1h	3m 03s	$21K	$728K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.074%Rate

Funding earned: −$69.03
Price spread: −0.074% → −0.020%: −$5.38
Slippage, 4 orders: −$53.07
Fee dYdX: 5 bp × 2 orders: −$10
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$145.48
Costs to cover: 0.711%
Break-even: never at this rate

Slippage from dYdX: live order book, 44 min ago; SoDEX: live order book, 44 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, 44 min ago	19.86 bp	24.9 bp −$25	25.2 bp −$252	61.0 bp −$6,100	271.5 bp −$135.8K
Sell SoDEX live order book, 44 min ago	0.34 bp	10.3 bp −$10	29.5 bp −$295	142.0 bp −$14.2K	doesn't fit

UNI on 40 exchanges

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 −0.0005%	1h	8.7581	−0.061%	$75K	—	150x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0021%	1h	8.7630	−0.006%	$580K	$211K	50x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	+0.759%	$660	$147K	12x	as long as short
Nado UNI-PERP	+0.0061%	1h	8.7605	−0.034%	$648K	$3.9M	10x	as long as short
01 Exchange UNIUSD	+0.0072%	1h	8.7646	+0.013%	$437	$56	10x	as long as short
OKX UNI-USDT-SWAP	+0.0083%	8h	8.7530	−0.119%	$54.1M	$215.3M	50x	as long as short
Lighter UNI	+0.0096%	1h	8.7687	+0.060%	$4.3M	$4.8M	15x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.7572	−0.071%	$25K	—	20x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.7623	−0.013%	$764K	$2.5M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.7635	0.000%	$289K	$456K	10x	as long as short

Show all 40 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance UNIUSDT	+0.0100%	8h	8.7551	−0.096%	$213.4M	$554.7M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	8.7530	−0.119%	$97.3M	$95.1M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.7700	+0.075%	$319K	$518K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.7570	−0.074%	$28.1M	$56.3M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.7600	−0.040%	$46.0M	$21.0M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.7620	−0.017%	$12.9M	$11.0M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.7570	−0.074%	$32.8M	$41.9M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	8.7550	−0.097%	—	$49.7M	—	as long as short
Variational Omni UNI	+0.0100%	8h	8.7652	+0.019%	$4.0M	$2.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.7622	−0.014%	$165K	$343K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.7688	+0.061%	$612K	$2.2M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.7640	+0.006%	$88K	$715K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.7720	+0.097%	$93K	$3.4M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.7610	−0.028%	$96K	$617K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.7570	−0.074%	$16K	$2.4M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.7630	−0.005%	$35K	$1.1M	30x	as long as short
SoDEX UNI-USDshort	+0.0100%	1h	8.7570	−0.074%	$21K	$728K	10x
HTX UNI-USDT	+0.0100%	8h	8.7737	+0.117%	$702K	$3.8M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.7590	−0.051%	$26.4M	$4.5M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.7551	−0.095%	$300K	$1.7M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.7591	−0.050%	$31K	—	3x	as long as short
Kraken Futures PF_UNIUSD	+0.0132%	1h	8.7625	−0.012%	$4.7M	$7.6M	50x	as long as short
Backpack UNI_USDC_PERP	+0.0135%	1h	8.7642	+0.008%	$1.1M	$2.2M	10x	as long as short
Hyperliquid UNI	+0.0179%	1h	8.7684	+0.056%	$94.0M	$60.1M	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.7570	−0.074%	$9.9M	$3.3M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0240%	1h	8.7800	+0.189%	$910K	$4.4M	50x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0243%	1h	8.7692	+0.066%	$624K	—	120x	as long as short
Reya UNIRUSDPERP	+0.0388%	1h	8.7543	−0.104%	$16K	—	20x	as long as short
dYdX UNI-USDlong	+0.0429%	1h	8.7635	long leg	$230K	$32K	10x
Aftermath Perps UNIUSD	+0.0539%	1h	8.7693	+0.066%	$1K	$49K	10x	as long as short