Funding you earn now, next payment 08:00 UTC+0.0469%/8h= +51.4% APRnext payment +$0.59 per $10,000 · paid last 24h +0.025%
Price spread now: dYdX against ApeX Omni+0.195%50s7-day average −0.059% · you sell dearer than you buy
Net, funding: paid 7d − costs−$59as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$820.822% of the position
Funding, last 7 days+0.231%+$23 on $10k
+Price spread, last 4 days (all we have)−0.368%−$37 · spread now +0.195%, 7d avg −0.059%
=Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and dYdX is 0.255% dearer against ApeX Omni than usual: you sell high and buy low: +$25 more if the spread goes back to its 7-day average of −0.059%. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.231% in total (about 12.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.59 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 | ApeX Omni UNIUSDT | 8.8820 | 0.0100 | pay 0.0013% / 1h | 12m 36s | $89K | $709K | 50x |
| Short | dYdX UNI-USD | 8.8994 | 0.0569 | get 0.0071% / 1h | 12m 36s | $234K | $30K | 10x |
ApeX Omni UNIUSDT
dYdX UNI-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX against ApeX Omni. 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
- $98.5
- Price spread: +0.195% → −0.059%
- $25.48
- Slippage, 4 orders
- −$62.21
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- $41.77
- Costs to cover
- 0.822%
- Break-even
- 4.0 days
Slippage from ApeX Omni: 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 ApeX Omni live order book, 26 min ago | 5.07 bp | 12.4 bp −$12 | 97.7 bp −$977 | 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 | +0.075% | $4.7M | $8.6M | 50x | as long as short |
| 01 Exchange UNIUSD | 0.0000% | 1h | 8.8887 | +0.075% | $444 | $5 | 10x | as long as short |
| gTrade (Gains Network) UNI/USD | L +0.0004% / S −0.0005% | 1h | 8.8872 | +0.059% | $76K | — | 150x | as long as short |
| Injective UNI/USDC PERP | +0.0033% | 1h | 8.8300 | −0.585% | $660 | $153K | 12x | as long as short |
| Nado UNI-PERP | +0.0041% | 1h | 8.8780 | −0.045% | $727K | $4.7M | 10x | as long as short |
| Deribit UNI_USDC-PERPETUAL | +0.0059% | 1h | 8.8935 | +0.130% | $589K | $270K | 50x | as long as short |
| Polymarket Perps UNI-USD | +0.0089% | 1h | 8.8841 | +0.024% | $104K | $616K | 10x | as long as short |
| Lighter UNI | +0.0096% | 1h | 8.9069 | +0.280% | $4.5M | $5.6M | 15x | as long as short |
| Paradex UNI-USD-PERP | +0.0100% | 8h | 8.8940 | +0.136% | $25K | — | 20x | as long as short |
| Hyperliquid UNI | +0.0100% | 1h | 8.9081 | +0.294% | $94.9M | $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
Deribit UNI_USDC-PERPETUAL
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 | 8.8992 | +0.194% | $723K | $3.3M | 50x | as long as short |
| Pacifica UNI | +0.0100% | 1h | 8.8980 | +0.180% | $288K | $591K | 10x | as long as short |
| Binance UNIUSDT | +0.0100% | 8h | 8.8959 | +0.157% | $216.3M | $652.4M | 75x | as long as short |
| Bybit UNIUSDT | +0.0100% | 8h | 8.8920 | +0.113% | $98.5M | $110.5M | 75x | as long as short |
| OKX UNI-USDT-SWAP | +0.0100% | 8h | 8.8940 | +0.135% | $54.5M | $261.8M | 50x | as long as short |
| Arcus UNI-USD | +0.0100% | 1h | 8.9020 | +0.225% | $318K | $690K | 10x | as long as short |
| Gate UNI_USDT | +0.0100% | 8h | 8.8950 | +0.146% | $26.3M | $66.5M | 75x | as long as short |
| MEXC UNI_USDT | +0.0100% | 8h | 8.8960 | +0.158% | $48.1M | $26.3M | 200x | as long as short |
| KuCoin UNIUSDTM | +0.0100% | 8h | 8.8970 | +0.169% | $13.0M | $13.3M | 75x | as long as short |
| Bitget UNIUSDT | +0.0100% | 8h | 8.8910 | +0.101% | $32.5M | $45.2M | 75x | as long as short |
| BingX UNI-USDC | +0.0100% | 8h | 8.8920 | +0.113% | — | $6.5M | — | as long as short |
| Backpack UNI_USDC_PERP | +0.0100% | 1h | 8.8950 | +0.146% | $1.1M | $2.5M | 10x | as long as short |
| Variational Omni UNI | +0.0100% | 8h | 8.8681 | −0.156% | $4.1M | $4.1M | — | as long as short |
| edgeX UNIUSDC | +0.0100% | 4h | 8.8783 | −0.042% | $168K | $348K | 20x | as long as short |
| GRVT UNI_USDT_Perp | +0.0100% | 8h | 8.8888 | +0.076% | $617K | $2.6M | 10x | as long as short |
| ApeX Omni UNIUSDTlong | +0.0100% | 1h | 8.8820 | long leg | $89K | $709K | 50x | |
| StandX UNI-USD | +0.0100% | 1h | 8.8800 | −0.023% | $14K | $3.5M | 20x | as long as short |
| Orderly PERP_UNI_USDC | +0.0100% | 8h | 8.8890 | +0.079% | $16K | $2.2M | 10x | as long as short |
| SunX UNI-USDT | +0.0100% | 8h | 8.8908 | +0.099% | $36K | $1.3M | 30x | as long as short |
| SoDEX UNI-USD | +0.0100% | 1h | 8.8849 | +0.033% | $32K | $886K | 10x | as long as short |
| HTX UNI-USDT | +0.0100% | 8h | 8.8869 | +0.055% | $701K | $4.7M | 75x | as long as short |
| Phemex UNIUSDT | +0.0100% | 8h | 8.8890 | +0.079% | $26.8M | $4.4M | 50x | as long as short |
| Extended UNI-USD | +0.0104% | 1h | 8.8863 | +0.049% | $291K | $1.8M | 25x | as long as short |
| Aevo UNI-PERP | +0.0104% | 1h | 8.8870 | +0.056% | $32K | — | 3x | as long as short |
| Coinbase International UNI-PERP-INTX | +0.0200% | 1h | 8.8870 | +0.056% | $925K | $5.4M | 50x | as long as short |
| BloFin UNI-USDT | +0.0220% | 8h | 8.8860 | +0.045% | $10.0M | $3.6M | 75x | as long as short |
| GMX UNI/USD [UNI-USDC] | L +0.0381% / S −0.0243% | 1h | 8.8868 | +0.055% | $632K | — | 120x | as long as short |
| Reya UNIRUSDPERP | +0.0381% | 1h | 8.8817 | −0.003% | $16K | — | 20x | as long as short |
| Aftermath Perps UNIUSD | +0.0383% | 1h | 8.8755 | −0.073% | $1K | $52K | 10x | as long as short |
| dYdX UNI-USDshort | +0.0569% | 1h | 8.8994 | +0.195% | $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
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