Settings8H · net · $10k
Funding arb · Price arb /

UNI

all UNI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC+0.0287%/8h= +31.4% APRpaid last 24h −0.005%
Price spread now: dYdX against BloFin−0.050%92s7-day average −0.001% · you buy dearer than you sell
Net, funding: paid 7d − costs−$72as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$770.767% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.043%+$4 on $10k
Price spread, last 4 days (all we have)−0.400%−$40 · spread now −0.050%, 7d avg −0.001%
Together, before fees−0.357%−$36 on $10k · with fees, hour by hour
Funding pays, the price is against you. dYdX is 0.049% cheaper against BloFin than usual: you would sell low and buy high (spread −0.050% now, against its 7-day average of −0.001%). If the spread goes back, that is −$5 on $10k: about 14 hours of funding at the current rate (+$9 a day). At the pace of the last 7 days (+0.043% in total) that is about 7.9 days. The two prices were read 92 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 0.043% in total (about 2.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin UNI-USDT8.91200.0220pay 0.0220% / 8h7h 41m$10.1M$3.6M75x
ShortdYdX UNI-USD8.90750.0507get 0.0063% / 1h41m 23s$234K$31K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

dYdX against BloFin. 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
$60.19
Price spread: −0.050% → −0.001%
−$4.92
Slippage, 4 orders
−$54.69
Fee BloFin: 6 bp × 2 orders
−$12
Fee dYdX: 5 bp × 2 orders
−$10
Net
−$21.42
Costs to cover
0.767%
Break-even
9.5 days
Slippage from BloFin: live order book, 2 min ago; dYdX: live order book, 58 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 BloFin live order book, 2 min ago1.12 bp10.9 bp −$1115.8 bp −$15841.5 bp −$4,149doesn't fit
Sell dYdX live order book, 58 min ago21.99 bp27.5 bp −$2895.2 bp −$952196.5 bp −$19.7K395.5 bp −$197.7K

UNI on 40 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_UNIUSD−0.0062%1h8.9231+0.125%$4.7M$8.6M50xas long as short
gTrade (Gains Network) UNI/USDL +0.0004% / S −0.0005%1h8.9154+0.038%$77K150xas long as short
Injective UNI/USDC PERP+0.0033%1h8.8300−0.920%$660$153K12xas long as short
Deribit UNI_USDC-PERPETUAL+0.0045%1h8.9188+0.077%$591K$273K50xas long as short
Paradex UNI-USD-PERP+0.0100%8h8.9027−0.104%$25K20xas long as short
Nado UNI-PERP+0.0100%1h8.9100−0.022%$731K$4.6M10xas long as short
Aster UNIUSDT+0.0100%8h8.9096−0.027%$724K$3.3M50xas long as short
Pacifica UNI+0.0100%1h8.9050−0.079%$289K$568K10xas long as short
Binance UNIUSDT+0.0100%8h8.9080−0.045%$216.8M$651.8M75xas long as short
Bybit UNIUSDT+0.0100%8h8.9070−0.056%$98.8M$110.5M75xas long as short
Show all 40 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX UNI-USDT-SWAP+0.0100%8h8.9090−0.034%$54.5M$262.6M50xas long as short
Arcus UNI-USD+0.0100%1h8.91200.000%$323K$701K10xas long as short
Gate UNI_USDT+0.0100%8h8.9050−0.079%$26.7M$62.6M75xas long as short
MEXC UNI_USDT+0.0100%8h8.9030−0.101%$47.9M$25.3M200xas long as short
KuCoin UNIUSDTM+0.0100%8h8.9060−0.067%$13.0M$13.3M75xas long as short
Bitget UNIUSDT+0.0100%8h8.9040−0.090%$33.0M$46.1M75xas long as short
BingX UNI-USDC+0.0100%8h8.9010−0.123%$6.5Mas long as short
Variational Omni UNI+0.0100%8h8.9470+0.393%$4.1M$4.0Mas long as short
edgeX UNIUSDC+0.0100%4h8.9380+0.292%$169K$348K20xas long as short
GRVT UNI_USDT_Perp+0.0100%8h8.9100−0.022%$622K$2.6M10xas long as short
ApeX Omni UNIUSDT+0.0100%1h8.9380+0.292%$90K$709K50xas long as short
StandX UNI-USD+0.0100%1h8.9180+0.067%$14K$3.5M20xas long as short
Polymarket Perps UNI-USD+0.0100%1h8.9121+0.001%$104K$616K10xas long as short
Orderly PERP_UNI_USDC+0.0100%8h8.9150+0.034%$17K$2.4M10xas long as short
SunX UNI-USDT+0.0100%8h8.9143+0.026%$36K$1.3M30xas long as short
SoDEX UNI-USD+0.0100%1h8.9150+0.034%$32K$894K10xas long as short
HTX UNI-USDT+0.0100%8h8.9226+0.119%$707K$4.7M75xas long as short
Phemex UNIUSDT+0.0100%8h8.9130+0.011%$27.0M$4.4M50xas long as short
Extended UNI-USD+0.0104%1h8.9012−0.121%$300K$1.8M25xas long as short
Aevo UNI-PERP+0.0104%1h8.9140+0.022%$32K3xas long as short
01 Exchange UNIUSD+0.0120%1h8.9083−0.042%$445$510xas long as short
Hyperliquid UNI+0.0141%1h8.9146+0.029%$95.2M$67.8M10xas long as short
Lighter UNI+0.0160%1h8.9127+0.008%$4.5M$5.4M15xas long as short
Coinbase International UNI-PERP-INTX+0.0208%1h8.9270+0.168%$929K$5.5M50xas long as short
BloFin UNI-USDTlong+0.0220%8h8.9120long leg$10.1M$3.6M75x
Backpack UNI_USDC_PERP+0.0263%1h8.9150+0.034%$1.1M$2.5M10xas long as short
GMX UNI/USD [UNI-USDC]L +0.0381% / S −0.0243%1h8.9177+0.064%$634K120xas long as short
Reya UNIRUSDPERP+0.0382%1h8.9000−0.134%$16K20xas long as short
Aftermath Perps UNIUSD+0.0397%1h8.9327+0.233%$1K$52K10xas long as short
dYdX UNI-USDshort+0.0507%1h8.9075−0.050%$234K$31K10x