UNI

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0197%/8h= −21.6% APRnext payment −$0.25 per $10,000 · paid last 24h −0.032%

Price spread now: Deribit against dYdX+0.082%7-day average +0.042% · you sell dearer than you buy

Net, funding: paid 7d − costs−$117as in the Funding arb table

Net, price: spread back to 7d avg − costs−$82as in the Price arb table

costs, in and out, $10k−$860.858% of the position

Long on dYdX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.315%−$31 on $10k

Price spread, last 4 days (all we have)+0.141%+$14 · spread now +0.082%, 7d avg +0.042%

Together, before fees−0.173%−$17 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Deribit is 0.040% dearer against dYdX than usual: you sell high and buy low (spread +0.082% now, against its 7-day average of +0.042%): +$4 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 16 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX UNI-USD	8.9533	0.0280	pay 0.0035% / 1h	25m 30s	$236K	$30K	10x
Short	Deribit UNI_USDC-PERPETUAL	8.9606	0.0083	get 0.0010% / 1h	25m 30s	$574K	$208K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.082%Rate

Funding earned: −$41.36
Price spread: +0.082% → +0.042%: $3.99
Slippage, 4 orders: −$68.76
Fee dYdX: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$123.13
Costs to cover: 0.858%
Break-even: never at this rate

Slippage from dYdX: live order book, 29 min ago; Deribit: live order book, 28 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, 29 min ago	21.54 bp	26.5 bp −$27	28.1 bp −$281	36.1 bp −$3,614	250.0 bp −$125.0K
Sell Deribit live order book, 28 min ago	5.69 bp	15.3 bp −$15	24.7 bp −$247	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
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	8.9486	−0.053%	$37K	—	150x	as long as short
01 Exchange UNIUSD	+0.0008%	1h	8.9542	+0.010%	$447	$5	10x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−1.377%	$660	$154K	12x	as long as short
Deribit UNI_USDC-PERPETUALshort	+0.0083%	1h	8.9606	+0.082%	$574K	$208K	50x
Lighter UNI	+0.0096%	1h	8.9624	+0.102%	$4.5M	$5.9M	15x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.9521	−0.013%	$26K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.9448	−0.095%	$969K	$4.5M	10x	as long as short
Hyperliquid UNI	+0.0100%	1h	8.9582	+0.055%	$95.4M	$64.1M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.9518	−0.017%	$785K	$3.6M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.9537	+0.005%	$291K	$608K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance UNIUSDT	+0.0100%	8h	8.9470	−0.070%	$220.8M	$647.2M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	8.9430	−0.115%	$100.4M	$111.9M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	8.9420	−0.126%	$54.6M	$260.8M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.9650	+0.131%	$313K	$656K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.9530	−0.003%	$23.9M	$64.0M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.9500	−0.037%	$47.9M	$26.0M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.9480	−0.059%	$13.2M	$13.3M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.9440	−0.104%	$33.2M	$45.4M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	8.9460	−0.082%	—	$56.6M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.9560	+0.030%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	8.9508	−0.027%	$4.2M	$4.2M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.9522	−0.013%	$169K	$344K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.9680	+0.164%	$623K	$2.8M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.9600	+0.075%	$92K	$702K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.9600	+0.075%	$15K	$3.4M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.9474	−0.066%	$86K	$437K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.9580	+0.053%	$16K	$1.4M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.9626	+0.104%	$37K	$1.4M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.9519	−0.016%	$29K	$817K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.9652	+0.133%	$701K	$4.9M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.9530	−0.003%	$27.1M	$4.4M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.9469	−0.071%	$285K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.9557	+0.027%	$32K	—	3x	as long as short
Coinbase International UNI-PERP-INTX	+0.0216%	1h	8.9550	+0.019%	$933K	$5.8M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.9620	+0.097%	$10.2M	$3.5M	75x	as long as short
Kraken Futures PF_UNIUSD	+0.0272%	1h	8.9562	+0.032%	$4.9M	$8.1M	50x	as long as short
dYdX UNI-USDlong	+0.0280%	1h	8.9533	long leg	$236K	$30K	10x
Reya UNIRUSDPERP	+0.0374%	1h	8.9443	−0.101%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	8.9588	+0.062%	$638K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0784%	1h	8.9722	+0.211%	$949	$45K	10x	as long as short