Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0460%/8h= −50.4% APRpaid last 24h −0.029%

Price spread now: Orderly against dYdX−0.005%7-day average −0.015% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on dYdX Short on Orderly

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)+0.643%+$64 · spread now −0.005%, 7d avg −0.015%

Together, before fees+0.417%+$42 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.015%, so right now this pair is about funding alone: −$14 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.226% in total (about -11.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX UNI-USD	8.8664	0.0560	pay 0.0070% / 1h	27m 03s	$233K	$31K	10x
Short	Orderly PERP_UNI_USDC	8.8660	0.0100	get 0.0100% / 8h	7h 27m	$17K	$2.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.005%Rate

Funding earned: −$96.64
Price spread: −0.005% → −0.015%: $1.08
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$111.56
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: dYdX: live order book, 7 min ago; Orderly: no order-book sample. Net counts fees only.

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, 7 min ago	21.05 bp	32.8 bp −$33	38.7 bp −$387	67.7 bp −$6,773	273.4 bp −$136.7K
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Kraken Futures PF_UNIUSD	−0.0062%	1h	8.8706	+0.047%	$4.7M	$8.4M	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0005%	1h	8.8609	−0.062%	$76K	—	150x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0024%	1h	8.8693	+0.033%	$587K	$273K	50x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−0.411%	$660	$153K	12x	as long as short
Nado UNI-PERP	+0.0088%	1h	8.8650	−0.016%	$730K	$4.5M	10x	as long as short
01 Exchange UNIUSD	+0.0088%	1h	8.8651	−0.015%	$442	$5	10x	as long as short
Lighter UNI	+0.0096%	1h	8.8776	+0.126%	$4.4M	$5.4M	15x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8610	−0.061%	$25K	—	20x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.8768	+0.118%	$726K	$3.2M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.8688	+0.027%	$287K	$562K	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	8.8704	+0.045%	$216.0M	$645.3M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	8.8670	+0.007%	$98.4M	$109.8M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	8.8660	−0.005%	$54.2M	$259.4M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.8700	+0.041%	$321K	$701K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.8630	−0.038%	$26.7M	$62.7M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.8670	+0.007%	$47.4M	$25.5M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.8700	+0.041%	$12.9M	$13.2M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8660	−0.005%	$33.0M	$45.8M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	8.8620	−0.050%	—	$58.1M	—	as long as short
Variational Omni UNI	+0.0100%	8h	8.8820	+0.176%	$4.1M	$4.0M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8854	+0.214%	$168K	$348K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8720	+0.063%	$620K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8900	+0.266%	$90K	$710K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8650	−0.016%	$14K	$3.5M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.8665	+0.001%	$104K	$615K	10x	as long as short
Orderly PERP_UNI_USDCshort	+0.0100%	8h	8.8660	−0.005%	$17K	$2.4M	10x
SunX UNI-USDT	+0.0100%	8h	8.8708	+0.050%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.8645	−0.021%	$32K	$893K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.8736	+0.081%	$703K	$4.7M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8670	+0.007%	$26.8M	$4.4M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8620	−0.050%	$299K	$1.8M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8673	+0.011%	$31K	—	3x	as long as short
Hyperliquid UNI	+0.0146%	1h	8.8730	+0.074%	$94.9M	$67.7M	10x	as long as short
Backpack UNI_USDC_PERP	+0.0147%	1h	8.8692	+0.032%	$1.1M	$2.5M	10x	as long as short
Coinbase International UNI-PERP-INTX	+0.0208%	1h	8.8710	+0.052%	$923K	$5.4M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.8600	−0.072%	$10.2M	$3.6M	75x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	8.8680	+0.018%	$631K	—	120x	as long as short
Reya UNIRUSDPERP	+0.0383%	1h	8.8592	−0.081%	$16K	—	20x	as long as short
Aftermath Perps UNIUSD	+0.0449%	1h	8.8904	+0.270%	$1K	$52K	10x	as long as short
dYdX UNI-USDlong	+0.0560%	1h	8.8664	long leg	$233K	$31K	10x