UNI

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0032%/8h= −3.6% APRnext payment −$0.04 per $10,000 · paid last 24h −0.027%

Price spread now: ApeX Omni against dYdX−0.002%50s7-day average +0.061% · you buy dearer than you sell

Net, funding: paid 7d − costs−$281as 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−$2582.579% of the position

Long on dYdX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.226%−$23 on $10k

Price spread, last 4 days (all we have)−0.121%−$12 · spread now −0.002%, 7d avg +0.061%

Together, before fees−0.347%−$35 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and ApeX Omni is 0.063% cheaper against dYdX than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.061%). Swap the legs. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX UNI-USD	8.9722	0.0132	pay 0.0017% / 1h	46m 46s	$236K	$31K	10x
Short	ApeX Omni UNIUSDT	8.9720	0.0100	get 0.0013% / 1h	46m 46s	$90K	$710K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against dYdX. 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 dYdXbpFee ApeX OmnibpOrdersPrice spread, now −0.002%Rate

Funding earned: −$6.82
Price spread: −0.002% → +0.061%: −$6.28
Slippage, 4 orders: −$237.9
Fee dYdX: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$271
Costs to cover: 2.579%
Break-even: never at this rate

Slippage from dYdX: live order book, 62 min ago; ApeX Omni: live order book, 62 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 dYdX live order book, 62 min ago	109.64 bp	114.6 bp −$115	114.6 bp −$1,146	251.1 bp −$25.1K	602.9 bp −$301.5K
Sell ApeX Omni live order book, 62 min ago	6.17 bp	14.3 bp −$14	112.1 bp −$1,121	doesn't fit	doesn't fit

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
Polymarket Perps UNI-USD	−0.0122%	1h	8.9690	−0.036%	$120K	$582K	10x	as long as short
Kraken Futures PF_UNIUSD	−0.0017%	1h	8.9698	−0.026%	$4.7M	$8.6M	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0007%	1h	8.9687	−0.040%	$49K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−1.585%	$660	$153K	12x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0063%	1h	8.9718	−0.004%	$591K	$249K	50x	as long as short
01 Exchange UNIUSD	+0.0072%	1h	8.9767	+0.050%	$448	$5	10x	as long as short
Lighter UNI	+0.0096%	1h	8.9815	+0.104%	$4.5M	$5.6M	15x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.9693	−0.033%	$26K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.9630	−0.103%	$775K	$4.7M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.9748	+0.029%	$740K	$3.6M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica UNI	+0.0100%	1h	8.9731	+0.010%	$287K	$593K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.9720	−0.002%	$217.0M	$660.5M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	8.9730	+0.009%	$99.8M	$112.2M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	8.9710	−0.013%	$54.6M	$267.4M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.9760	+0.042%	$320K	$705K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.9700	−0.025%	$25.0M	$66.2M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.9700	−0.025%	$49.4M	$26.5M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.9740	+0.020%	$13.1M	$13.4M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.9690	−0.036%	$33.0M	$45.5M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.9690	−0.036%	—	$6.5M	—	as long as short
Variational Omni UNI	+0.0100%	8h	8.9650	−0.080%	$4.1M	$4.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.9747	+0.027%	$170K	$346K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.9765	+0.048%	$627K	$2.7M	10x	as long as short
ApeX Omni UNIUSDTshort	+0.0100%	1h	8.9720	−0.002%	$90K	$710K	50x
StandX UNI-USD	+0.0100%	1h	8.9760	+0.042%	$15K	$3.5M	20x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.9680	−0.047%	$17K	$1.8M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.9725	+0.003%	$36K	$1.4M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.9675	−0.052%	$32K	$887K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.9766	+0.049%	$702K	$5.0M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.9690	−0.036%	$27.1M	$4.5M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.9681	−0.046%	$299K	$1.7M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.9696	−0.029%	$32K	—	3x	as long as short
dYdX UNI-USDlong	+0.0132%	1h	8.9722	long leg	$236K	$31K	10x
Backpack UNI_USDC_PERP	+0.0177%	1h	8.9777	+0.061%	$1.1M	$2.4M	10x	as long as short
Coinbase International UNI-PERP-INTX	+0.0192%	1h	8.9710	−0.013%	$937K	$5.6M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.9690	−0.036%	$10.1M	$3.7M	75x	as long as short
Reya UNIRUSDPERP	+0.0378%	1h	8.9668	−0.061%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0243%	1h	8.9673	−0.055%	$638K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0490%	1h	8.9805	+0.092%	$980	$54K	10x	as long as short
Hyperliquid UNI	+0.0522%	1h	8.9816	+0.104%	$96.8M	$66.7M	10x	as long as short