Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.039%

Price spread now: dYdX against Gate−0.002%7-day average +0.022% · you buy dearer than you sell

Net, funding: paid 7d − costs−$160as in the Funding arb table

Net, price: spread back to 7d avg − costs−$193as in the Price arb table

costs, in and out, $10k−$1911.911% of the position

Long on Gate Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.310%+$31 on $10k

Price spread, last 4 days (all we have)+0.101%+$10 · spread now −0.002%, 7d avg +0.022%

Together, before fees+0.412%+$41 on $10k · with fees, hour by hour

Funding pays, the price is against you. dYdX is 0.023% cheaper against Gate than usual: you would sell low and buy high (spread −0.002% now, against its 7-day average of +0.022%). If the spread goes back, that is −$2 on $10k: about 2.4 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.310% in total) that is about 13 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate UNI_USDT	8.8840	0.0100	pay 0.0100% / 8h	1h 19m	$23.1M	$58.7M	75x
Short	dYdX UNI-USD	8.8838	0.0132	get 0.0016% / 1h	19m 44s	$246K	$6K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Gate. 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 GatebpFee dYdXbpOrdersPrice spread, now −0.002%Rate

Funding earned: $6.71
Price spread: −0.002% → +0.022%: −$2.33
Slippage, 4 orders: −$166.13
Fee Gate: 7.5 bp × 2 orders: −$15
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$186.75
Costs to cover: 1.911%
Break-even: 201.7 days

Slippage from Gate: live order book, 4 min ago; dYdX: live order book, 64 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 Gate live order book, 4 min ago	0.56 bp	13.4 bp −$13	21.1 bp −$211	40.2 bp −$4,022	64.2 bp −$32.1K
Sell dYdX live order book, 64 min ago	76.60 bp	82.0 bp −$82	195.5 bp −$1,955	277.1 bp −$27.7K	616.1 bp −$308.1K

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
Variational Omni UNI	−0.0051%	8h	8.8824	−0.018%	$3.9M	$4.5M	—	as long as short
Bybit UNIUSDT	+0.0001%	8h	8.8830	−0.011%	$101.2M	$104.6M	75x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	8.8877	+0.042%	$62K	—	150x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0019%	1h	8.8832	−0.010%	$565K	$157K	50x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−0.608%	$660	$155K	12x	as long as short
OKX UNI-USDT-SWAP	+0.0046%	8h	8.8820	−0.023%	$54.9M	$244.9M	50x	as long as short
01 Exchange UNIUSD	+0.0056%	1h	8.8927	+0.098%	$444	—	10x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8809	−0.034%	$25K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.8830	−0.011%	$941K	$4.0M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.8861	+0.024%	$1.0M	$3.3M	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	8.8870	+0.034%	$300K	$577K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.8845	+0.006%	$218.0M	$588.7M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.8940	+0.113%	$283K	$615K	10x	as long as short
Gate UNI_USDTlong	+0.0100%	8h	8.8840	long leg	$23.1M	$58.7M	75x
MEXC UNI_USDT	+0.0100%	8h	8.8870	+0.034%	$42.9M	$24.5M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.8850	+0.011%	$13.6M	$13.7M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8830	−0.011%	$32.2M	$41.3M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.8820	−0.023%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8838	−0.002%	$986K	$2.3M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8599	−0.271%	$167K	$343K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8775	−0.073%	$626K	$2.5M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8740	−0.113%	$88K	$712K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8880	+0.045%	$106K	$3.2M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.8868	+0.032%	$86K	$354K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8780	−0.068%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.8921	+0.091%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.8783	−0.064%	$25K	$666K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.8993	+0.172%	$730K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8830	−0.011%	$26.7M	$4.4M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8780	−0.067%	$301K	$1.4M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8785	−0.062%	$32K	$1K	3x	as long as short
dYdX UNI-USDshort	+0.0132%	1h	8.8838	−0.002%	$246K	$6K	10x
BloFin UNI-USDT	+0.0220%	8h	8.8900	+0.068%	$9.9M	$3.4M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0224%	1h	8.8970	+0.146%	$1.1M	$5.3M	50x	as long as short
Kraken Futures PF_UNIUSD	+0.0341%	1h	8.8858	+0.020%	$4.9M	$7.0M	50x	as long as short
Hyperliquid UNI	+0.0352%	1h	8.8971	+0.147%	$97.6M	$59.1M	10x	as long as short
Reya UNIRUSDPERP	+0.0362%	1h	8.8825	−0.017%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0379% / S −0.0319%	1h	8.8860	+0.023%	$557K	—	120x	as long as short
Lighter UNI	+0.0600%	1h	8.9025	+0.208%	$4.5M	$5.2M	15x	as long as short
Aftermath Perps UNIUSD	+0.0630%	1h	8.8738	−0.115%	$1K	$50K	10x	as long as short