Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0044%/8h= +4.8% APRpaid last 24h +0.061%

Price spread now: dYdX against Bybit+0.059%7-day average +0.074% · you sell dearer than you buy

Net, funding: paid 7d − costs−$231as in the Funding arb table

Net, price: spread back to 7d avg − costs−$263as in the Price arb table

costs, in and out, $10k−$2612.612% of the position

Long on Bybit Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.304%+$30 on $10k

Price spread, last 4 days (all we have)+0.048%+$5 · spread now +0.059%, 7d avg +0.074%

Together, before fees+0.351%+$35 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.074%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit UNIUSDT	9.1000	0.0100	pay 0.0100% / 8h	4h 17m	$102.3M	$111.0M	75x
Short	dYdX UNI-USD	9.1054	0.0144	get 0.0018% / 1h	17m 29s	$240K	$30K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Bybit. 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 BybitbpFee dYdXbpOrdersPrice spread, now +0.059%Rate

Funding earned: $9.24
Price spread: +0.059% → +0.074%: −$1.48
Slippage, 4 orders: −$240.16
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$253.4
Costs to cover: 2.612%
Break-even: 199.0 days

Slippage from Bybit: live order book, 2 min ago; dYdX: live order book, 42 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 Bybit live order book, 2 min ago	0.55 bp	9.3 bp −$9	18.0 bp −$180	37.6 bp −$3,762	doesn't fit
Sell dYdX live order book, 42 min ago	31.23 bp	206.9 bp −$207	209.7 bp −$2,097	217.5 bp −$21.8K	478.8 bp −$239.4K

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
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	9.0927	−0.080%	$37K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−2.967%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0064%	1h	9.1087	+0.096%	$455	$5	10x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0072%	1h	9.0948	−0.057%	$583K	$193K	50x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.1035	+0.038%	$971K	$4.4M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.1050	+0.055%	$831K	$3.5M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.1060	+0.066%	$295K	$599K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.1041	+0.045%	$223.7M	$637.5M	75x	as long as short
Bybit UNIUSDTlong	+0.0100%	8h	9.1000	long leg	$102.3M	$111.0M	75x
OKX UNI-USDT-SWAP	+0.0100%	8h	9.1000	0.000%	$55.5M	$262.5M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus UNI-USD	+0.0100%	1h	9.1160	+0.176%	$315K	$651K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.1050	+0.055%	$23.7M	$63.8M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.1060	+0.066%	$48.0M	$25.4M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.1050	+0.055%	$13.6M	$13.2M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.1030	+0.033%	$33.6M	$44.8M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	9.1040	+0.044%	—	$56.6M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.1037	+0.041%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.0948	−0.057%	$4.3M	$4.1M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.1106	+0.117%	$172K	$346K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0935	−0.071%	$644K	$2.8M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.1140	+0.154%	$96K	$701K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0930	−0.077%	$15K	$3.4M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.1078	+0.086%	$88K	$427K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.0920	−0.088%	$16K	$1.5M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.0985	−0.016%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.0925	−0.082%	$22K	$791K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.1157	+0.173%	$733K	$4.7M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.0980	−0.022%	$27.5M	$4.4M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.1026	+0.028%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.1021	+0.023%	$294K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0917	−0.092%	$32K	—	3x	as long as short
dYdX UNI-USDshort	+0.0144%	1h	9.1054	+0.059%	$240K	$30K	10x
Lighter UNI	+0.0184%	1h	9.1140	+0.154%	$4.6M	$5.8M	15x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.1090	+0.099%	$10.3M	$3.6M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0248%	1h	9.1070	+0.077%	$1.1M	$5.7M	50x	as long as short
Kraken Futures PF_UNIUSD	+0.0269%	1h	9.0976	−0.026%	$5.0M	$8.0M	50x	as long as short
Hyperliquid UNI	+0.0353%	1h	9.1120	+0.132%	$98.7M	$62.4M	10x	as long as short
Reya UNIRUSDPERP	+0.0373%	1h	9.1042	+0.046%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.0899	−0.111%	$647K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0945%	1h	9.0937	−0.069%	$889	$46K	10x	as long as short