Funding you earn now, next payment 04:00 UTC−0.0061%/8h= −6.6% APRnext payment −$0.08 per $10,000 · paid last 24h +0.004%
Price spread now: Coinbase International against dYdX−0.049%7-day average +0.016% · you buy dearer than you sell
Net, funding: paid 7d − costs−$120as in the Funding arb table
Net, price: spread back to 7d avg − costs−$90as in the Price arb table
costs, in and out, $10k−$830.831% of the position
Funding, last 7 days−0.369%−$37 on $10k
+Price spread, last 4 days (all we have)+0.153%+$15 · spread now −0.049%, 7d avg +0.016%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Coinbase International is 0.065% cheaper against dYdX than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.016%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | dYdX UNI-USD | 8.9594 | 0.0277 | pay 0.0035% / 1h | 26m 07s | $236K | $30K | 10x |
| Short | Coinbase International UNI-PERP-INTX | 8.9550 | 0.0216 | get 0.0027% / 1h | 26m 07s | $933K | $5.8M | 50x |
dYdX UNI-USD
Coinbase International UNI-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against dYdX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$12.74
- Price spread: −0.049% → +0.016%
- −$6.55
- Slippage, 4 orders
- −$63.12
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$102.41
- Costs to cover
- 0.831%
- Break-even
- never at this rate
Slippage from dYdX: live order book, 28 min ago; Coinbase International: live order book, 3 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, 28 min ago | 21.54 bp | 26.5 bp −$27 | 28.1 bp −$281 | 36.1 bp −$3,614 | 250.0 bp −$125.0K |
| Sell Coinbase International live order book, 3 min ago | 4.46 bp | 11.0 bp −$11 | 18.3 bp −$183 | 54.6 bp −$5,464 | 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) UNI/USD | L +0.0004% / S −0.0004% | 1h | 8.9595 | +0.001% | $37K | — | 150x | as long as short |
| 01 Exchange UNIUSD | +0.0008% | 1h | 8.9581 | −0.014% | $447 | $5 | 10x | as long as short |
| Injective UNI/USDC PERP | +0.0033% | 1h | 8.8300 | −1.444% | $660 | $154K | 12x | as long as short |
| Deribit UNI_USDC-PERPETUAL | +0.0083% | 1h | 8.9606 | +0.014% | $574K | $208K | 50x | as long as short |
| Lighter UNI | +0.0096% | 1h | 8.9606 | +0.014% | $4.5M | $5.9M | 15x | as long as short |
| Paradex UNI-USD-PERP | +0.0100% | 8h | 8.9573 | −0.023% | $26K | — | 20x | as long as short |
| Nado UNI-PERP | +0.0100% | 1h | 8.9570 | −0.027% | $973K | $4.5M | 10x | as long as short |
| Hyperliquid UNI | +0.0100% | 1h | 8.9619 | +0.028% | $95.4M | $64.1M | 10x | as long as short |
| Aster UNIUSDT | +0.0100% | 8h | 8.9547 | −0.053% | $785K | $3.6M | 50x | as long as short |
| Pacifica UNI | +0.0100% | 1h | 8.9606 | +0.013% | $291K | $608K | 10x | as long as short |
gTrade (Gains Network) UNI/USD
01 Exchange UNIUSD
Injective UNI/USDC PERP
Deribit UNI_USDC-PERPETUAL
Lighter UNI
Paradex UNI-USD-PERP
Nado UNI-PERP
Hyperliquid UNI
Aster UNIUSDT
Pacifica UNIShow all 40 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance UNIUSDT | +0.0100% | 8h | 8.9485 | −0.121% | $220.9M | $647.4M | 75x | as long as short |
| Bybit UNIUSDT | +0.0100% | 8h | 8.9460 | −0.149% | $100.4M | $111.9M | 75x | as long as short |
| OKX UNI-USDT-SWAP | +0.0100% | 8h | 8.9490 | −0.116% | $54.7M | $261.0M | 50x | as long as short |
| Arcus UNI-USD | +0.0100% | 1h | 8.9680 | +0.096% | $313K | $656K | 10x | as long as short |
| Gate UNI_USDT | +0.0100% | 8h | 8.9520 | −0.082% | $23.9M | $64.0M | 75x | as long as short |
| MEXC UNI_USDT | +0.0100% | 8h | 8.9540 | −0.060% | $47.9M | $26.0M | 200x | as long as short |
| KuCoin UNIUSDTM | +0.0100% | 8h | 8.9560 | −0.038% | $13.2M | $13.3M | 75x | as long as short |
| Bitget UNIUSDT | +0.0100% | 8h | 8.9480 | −0.127% | $33.2M | $45.4M | 75x | as long as short |
| BingX UNI-USDC | +0.0100% | 8h | 8.9490 | −0.116% | — | $6.5M | — | as long as short |
| Backpack UNI_USDC_PERP | +0.0100% | 1h | 8.9560 | −0.038% | $1.0M | $2.3M | 10x | as long as short |
| Variational Omni UNI | +0.0100% | 8h | 8.9889 | +0.330% | $4.2M | $4.1M | — | as long as short |
| edgeX UNIUSDC | +0.0100% | 4h | 8.9795 | +0.224% | $169K | $343K | 20x | as long as short |
| GRVT UNI_USDT_Perp | +0.0100% | 8h | 8.9680 | +0.096% | $623K | $2.8M | 10x | as long as short |
| ApeX Omni UNIUSDT | +0.0100% | 1h | 8.9820 | +0.252% | $92K | $703K | 50x | as long as short |
| StandX UNI-USD | +0.0100% | 1h | 8.9660 | +0.074% | $15K | $3.4M | 20x | as long as short |
| Polymarket Perps UNI-USD | +0.0100% | 1h | 8.9566 | −0.031% | $86K | $437K | 10x | as long as short |
| Orderly PERP_UNI_USDC | +0.0100% | 8h | 8.9580 | −0.015% | $16K | $1.4M | 10x | as long as short |
| SunX UNI-USDT | +0.0100% | 8h | 8.9626 | +0.036% | $37K | $1.4M | 30x | as long as short |
| SoDEX UNI-USD | +0.0100% | 1h | 8.9519 | −0.084% | $29K | $817K | 10x | as long as short |
| HTX UNI-USDT | +0.0100% | 8h | 8.9652 | +0.065% | $701K | $4.9M | 75x | as long as short |
| Phemex UNIUSDT | +0.0100% | 8h | 8.9530 | −0.071% | $27.1M | $4.4M | 50x | as long as short |
| Extended UNI-USD | +0.0104% | 1h | 8.9502 | −0.103% | $285K | $1.6M | 25x | as long as short |
| Aevo UNI-PERP | +0.0104% | 1h | 8.9557 | −0.041% | $32K | — | 3x | as long as short |
| Coinbase International UNI-PERP-INTXshort | +0.0216% | 1h | 8.9550 | −0.049% | $933K | $5.8M | 50x | |
| BloFin UNI-USDT | +0.0220% | 8h | 8.9620 | +0.029% | $10.2M | $3.5M | 75x | as long as short |
| Kraken Futures PF_UNIUSD | +0.0272% | 1h | 8.9562 | −0.036% | $4.9M | $8.1M | 50x | as long as short |
| dYdX UNI-USDlong | +0.0277% | 1h | 8.9594 | long leg | $236K | $30K | 10x | |
| Reya UNIRUSDPERP | +0.0374% | 1h | 8.9530 | −0.071% | $16K | — | 20x | as long as short |
| GMX UNI/USD [UNI-USDC] | L +0.0381% / S −0.0244% | 1h | 8.9588 | −0.006% | $638K | — | 120x | as long as short |
| Aftermath Perps UNIUSD | +0.0792% | 1h | 8.9766 | +0.192% | $949 | $45K | 10x | as long as short |
Binance UNIUSDT
Bybit UNIUSDT
OKX UNI-USDT-SWAP
Arcus UNI-USD
Gate UNI_USDT
MEXC UNI_USDT
KuCoin UNIUSDTM
Bitget UNIUSDT
BingX UNI-USDC
Backpack UNI_USDC_PERP
Variational Omni UNI
edgeX UNIUSDC
GRVT UNI_USDT_Perp
ApeX Omni UNIUSDT
StandX UNI-USD
Polymarket Perps UNI-USD
Orderly PERP_UNI_USDC
SunX UNI-USDT
SoDEX UNI-USD
HTX UNI-USDT
Phemex UNIUSDT
Extended UNI-USD
Aevo UNI-PERP
BloFin UNI-USDT
Kraken Futures PF_UNIUSD
Reya UNIRUSDPERP
GMX UNI/USD [UNI-USDC]
Aftermath Perps UNIUSD