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Funding arb · Price arb /

UNI

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Alert: spread
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Funding you earn now, next payment 20:00 UTC+0.0030%/8hpaid last 24h +0.043%
Price spread now: dYdX against Bitget−0.073%53s7-day average +0.045% · you buy dearer than you sell
Net, funding: paid 7d − costs−$124as 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−$1511.507% of the position
Long on BitgetShort on dYdX
What this pair did over the last
the charts below follow
Funding, last 7 days+0.266%+$27 on $10k
Price spread, last 3 days (all we have)+0.196%+$20 · spread now −0.073%, 7d avg +0.045%
Together, before fees+0.461%+$46 on $10k · with fees, hour by hour
Funding pays, the price is against you. dYdX is 0.118% cheaper against Bitget than usual: you would sell low and buy high (spread −0.073% now, against its 7-day average of +0.045%). If the spread goes back, that is −$12 on $10k: about 13 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.266% in total) that is about 3.1 days. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget UNIUSDT8.80900.0100pay 0.0100% / 8h4h 06m$31.8M$41.0M75x
ShortdYdX UNI-USD8.80260.0130get 0.0016% / 1h6m 48s$244K$5K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

dYdX against Bitget. 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

Funding earned
$6.39
Price spread: −0.073% → +0.045%
−$11.78
Slippage, 4 orders
−$128.7
Fee Bitget: 6 bp × 2 orders
−$12
Fee dYdX: 5 bp × 2 orders
−$10
Net
−$156.09
Costs to cover
1.507%
Break-even
177.9 days
Slippage from Bitget: live order book, 2 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
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 2 min ago1.14 bp9.7 bp −$1016.0 bp −$16031.9 bp −$3,191doesn't fit
Sell dYdX live order book, 26 min ago60.66 bp65.7 bp −$66142.7 bp −$1,427231.7 bp −$23.2K426.3 bp −$213.2K

UNI on 40 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit UNIUSDT−0.0214%8h8.8080−0.011%$102.3M$105.0M75xas long as short
Variational Omni UNI−0.0208%8h8.7835−0.290%$3.8M$5.1M—as long as short
OKX UNI-USDT-SWAP−0.0007%8h8.8100+0.011%$54.7M$247.6M50xas long as short
gTrade (Gains Network) UNI/USDL +0.0004% / S −0.0004%1h8.8105+0.017%$61K—150xas long as short
Paradex UNI-USD-PERP+0.0100%8h8.7992−0.112%$25K—20xas long as short
Nado UNI-PERP+0.0100%1h8.8045−0.051%$825K$3.9M10xas long as short
Aster UNIUSDT+0.0100%8h8.8200+0.125%$1.1M$3.3M50xas long as short
Pacifica UNI+0.0100%1h8.8020−0.079%$296K$566K10xas long as short
Binance UNIUSDT+0.0100%8h8.8140+0.057%$216.7M$595.2M75xas long as short
Arcus UNI-USD+0.0100%1h8.8100+0.011%$271K$595K10xas long as short
Show all 40 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate UNI_USDT+0.0100%8h8.8120+0.034%$22.7M$59.8M75xas long as short
MEXC UNI_USDT+0.0100%8h8.8120+0.034%$42.4M$24.6M200xas long as short
KuCoin UNIUSDTM+0.0100%8h8.8100+0.011%$13.5M$13.5M75xas long as short
Bitget UNIUSDTlong+0.0100%8h8.8090long leg$31.8M$41.0M75x
BingX UNI-USDC+0.0100%8h8.8120+0.034%—$6.5M—as long as short
Backpack UNI_USDC_PERP+0.0100%1h8.8140+0.057%$982K$2.4M10xas long as short
edgeX UNIUSDC+0.0100%4h8.7946−0.163%$165K$342K20xas long as short
GRVT UNI_USDT_Perp+0.0100%8h8.7941−0.169%$611K$2.6M10xas long as short
ApeX Omni UNIUSDT+0.0100%1h8.7990−0.114%$83K$727K50xas long as short
StandX UNI-USD+0.0100%1h8.8000−0.102%$85K$3.2M20xas long as short
Polymarket Perps UNI-USD+0.0100%1h8.8089−0.001%$87K$323K10xas long as short
Orderly PERP_UNI_USDC+0.0100%8h8.8060−0.034%$15K$1.7M10xas long as short
SunX UNI-USDT+0.0100%8h8.8133+0.049%$36K$1.3M30xas long as short
SoDEX UNI-USD+0.0100%1h8.8103+0.015%$25K$650K10xas long as short
HTX UNI-USDT+0.0100%8h8.8186+0.109%$708K$4.2M75xas long as short
Phemex UNIUSDT+0.0100%8h8.8110+0.023%$26.5M$4.2M50xas long as short
Extended UNI-USD+0.0104%1h8.8078−0.013%$307K$1.4M25xas long as short
01 Exchange UNIUSD+0.0104%1h8.8122+0.036%$440—10xas long as short
Aevo UNI-PERP+0.0104%1h8.8114+0.028%$31K$1K3xas long as short
dYdX UNI-USDshort+0.0130%1h8.8026−0.073%$244K$5K10x
Kraken Futures PF_UNIUSD+0.0166%1h8.8163+0.083%$5.0M$7.7M50xas long as short
Deribit UNI_USDC-PERPETUAL+0.0192%1h8.8141+0.058%$547K$126K50xas long as short
Coinbase International UNI-PERP-INTX+0.0200%1h8.7940−0.170%$1.0M$5.4M50xas long as short
BloFin UNI-USDT+0.0220%8h8.8060−0.034%$9.9M$3.3M75xas long as short
Hyperliquid UNI+0.0280%1h8.8219+0.146%$95.9M$60.3M10xas long as short
Reya UNIRUSDPERP+0.0356%1h8.8056−0.039%$16K—20xas long as short
GMX UNI/USD [UNI-USDC]L +0.0382% / S −0.0324%1h8.8101+0.013%$550K—120xas long as short
Aftermath Perps UNIUSD+0.0563%1h8.8049−0.047%$1K$52K10xas long as short
Lighter UNI+0.0704%1h8.8277+0.212%$4.5M$5.3M15xas long as short
Injective UNI/USDC PERP+0.5000%1h9.3200+5.801%$16K$89K12xas long as short