UNI

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0080%/8h= −8.8% APRnext payment −$0.10 per $10,000 · paid last 24h +0.042%

Price spread now: dYdX against Deribit−0.050%7-day average −0.042% · you buy dearer than you sell

Net, funding: paid 7d − costs−$71as in the Funding arb table

Net, price: spread back to 7d avg − costs−$104as in the Price arb table

costs, in and out, $10k−$1031.032% of the position

Long on Deribit Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.320%+$32 on $10k

Price spread, last 4 days (all we have)−0.665%−$66 · spread now −0.050%, 7d avg −0.042%

Together, before fees−0.345%−$34 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.042%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.320%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit UNI_USDC-PERPETUAL	9.1413	0.0199	pay 0.0025% / 1h	8m 06s	$585K	$193K	50x
Short	dYdX UNI-USD	9.1368	0.0119	get 0.0015% / 1h	8m 06s	$241K	$31K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Deribit. 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 DeribitbpFee dYdXbpOrdersPrice spread, now −0.050%Rate

Funding earned: −$16.84
Price spread: −0.050% → −0.042%: −$0.74
Slippage, 4 orders: −$86.16
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$120.75
Costs to cover: 1.032%
Break-even: never at this rate

Slippage from Deribit: live order book, 56 min ago; dYdX: live order book, 56 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 Deribit live order book, 56 min ago	7.07 bp	10.7 bp −$11	20.2 bp −$202	doesn't fit	doesn't fit
Sell dYdX live order book, 56 min ago	33.44 bp	38.9 bp −$39	129.8 bp −$1,298	217.8 bp −$21.8K	463.1 bp −$231.5K

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	9.1356	−0.062%	$37K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−3.405%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0056%	1h	9.1492	+0.086%	$457	$5	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.1438	+0.027%	$953K	$4.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.1410	−0.004%	$1.0M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.1509	+0.105%	$298K	$580K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.1110	−0.331%	$225.6M	$623.0M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.1080	−0.364%	$102.5M	$110.2M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.1080	−0.364%	$56.5M	$256.8M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.1500	+0.095%	$290K	$618K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate UNI_USDT	+0.0100%	8h	9.1200	−0.233%	$23.4M	$62.0M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.1250	−0.178%	$49.1M	$25.3M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.1370	−0.047%	$13.7M	$13.0M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0940	−0.517%	$33.4M	$43.6M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.1210	−0.222%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.1260	−0.167%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.1627	+0.234%	$4.3M	$4.2M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.1809	+0.433%	$173K	$343K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.1990	+0.631%	$640K	$2.7M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.2110	+0.762%	$90K	$694K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.2020	+0.664%	$57K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.1484	+0.078%	$88K	$419K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.1350	−0.069%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.1405	−0.009%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.1360	−0.058%	$22K	$784K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.1426	+0.014%	$721K	$4.5M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.1230	−0.200%	$27.6M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.1551	+0.151%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.1318	−0.104%	$311K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.1129	−0.310%	$32K	—	3x	as long as short
dYdX UNI-USDshort	+0.0119%	1h	9.1368	−0.050%	$241K	$31K	10x
Deribit UNI_USDC-PERPETUALlong	+0.0199%	1h	9.1413	long leg	$585K	$193K	50x
BloFin UNI-USDT	+0.0220%	8h	9.1490	+0.084%	$10.5M	$3.6M	75x	as long as short
Kraken Futures PF_UNIUSD	+0.0268%	1h	9.1400	−0.014%	$5.1M	$7.7M	50x	as long as short
Coinbase International UNI-PERP-INTX	+0.0296%	1h	9.1380	−0.036%	$1.1M	$5.4M	50x	as long as short
Reya UNIRUSDPERP	+0.0371%	1h	9.1430	+0.019%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.1314	−0.108%	$651K	—	120x	as long as short
Hyperliquid UNI	+0.0549%	1h	9.1350	−0.069%	$99.6M	$61.6M	10x	as long as short
Lighter UNI	+0.0568%	1h	9.1390	−0.025%	$4.6M	$5.8M	15x	as long as short
Aftermath Perps UNIUSD	+0.1030%	1h	9.1837	+0.464%	$922	$47K	10x	as long as short