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Funding arb · Price arb /

UNI

all UNI markets
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Alert: funding
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Alert: spread
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Funding you earn now, next payment 07:00 UTC+0.0026%/8h= +2.8% APRpaid last 24h +0.045%
Price spread now: dYdX against OKX+0.058%50s7-day average +0.045% · you sell dearer than you buy
Net, funding: paid 7d − costs−$214as 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−$2452.451% of the position
Long on OKXShort on dYdX
What this pair did over the last
the charts below follow
Funding, last 7 days+0.313%+$31 on $10k
Price spread, last 4 days (all we have)+0.022%+$2 · spread now +0.058%, 7d avg +0.045%
Together, before fees+0.336%+$34 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.045%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX UNI-USDT-SWAP8.96700.0100pay 0.0100% / 8h1h 46m$54.6M$267.3M50x
ShortdYdX UNI-USD8.97220.0126get 0.0016% / 1h46m 50s$236K$31K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

dYdX against OKX. 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

Funding earned
$5.46
Price spread: +0.058% → +0.045%
$1.31
Slippage, 4 orders
−$225.08
Fee OKX: 5 bp × 2 orders
−$10
Fee dYdX: 5 bp × 2 orders
−$10
Net
−$238.31
Costs to cover
2.451%
Break-even
312.5 days
Slippage from OKX: live order book, 2 min ago; dYdX: live order book, 62 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy OKX live order book, 2 min ago0.56 bp8.6 bp −$914.7 bp −$14764.6 bp −$6,461doesn't fit
Sell dYdX live order book, 62 min ago109.64 bp114.6 bp −$115114.6 bp −$1,146151.9 bp −$15.2K469.4 bp −$234.7K

UNI on 40 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Polymarket Perps UNI-USD−0.0122%1h8.9690+0.022%$120K$582K10xas long as short
Kraken Futures PF_UNIUSD−0.0017%1h8.9698+0.032%$4.7M$8.6M50xas long as short
gTrade (Gains Network) UNI/USDL +0.0004% / S −0.0007%1h8.9687+0.019%$49K—150xas long as short
Injective UNI/USDC PERP+0.0033%1h8.8300−1.528%$660$153K12xas long as short
Deribit UNI_USDC-PERPETUAL+0.0063%1h8.9718+0.054%$591K$249K50xas long as short
01 Exchange UNIUSD+0.0072%1h8.9767+0.108%$448$510xas long as short
Lighter UNI+0.0096%1h8.9822+0.170%$4.5M$5.6M15xas long as short
Paradex UNI-USD-PERP+0.0100%8h8.9664−0.007%$26K—20xas long as short
Nado UNI-PERP+0.0100%1h8.9630−0.045%$775K$4.7M10xas long as short
Aster UNIUSDT+0.0100%8h8.9735+0.073%$740K$3.6M50xas long as short
Show all 40 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica UNI+0.0100%1h8.9709+0.044%$287K$593K10xas long as short
Binance UNIUSDT+0.0100%8h8.9678+0.009%$216.9M$660.6M75xas long as short
Bybit UNIUSDT+0.0100%8h8.96700.000%$99.7M$112.2M75xas long as short
OKX UNI-USDT-SWAPlong+0.0100%8h8.9670long leg$54.6M$267.3M50x
Arcus UNI-USD+0.0100%1h8.9740+0.078%$320K$705K10xas long as short
Gate UNI_USDT+0.0100%8h8.9700+0.033%$25.0M$66.2M75xas long as short
MEXC UNI_USDT+0.0100%8h8.9700+0.033%$49.4M$26.5M200xas long as short
KuCoin UNIUSDTM+0.0100%8h8.9760+0.100%$13.1M$13.4M75xas long as short
Bitget UNIUSDT+0.0100%8h8.9680+0.011%$33.0M$45.5M75xas long as short
BingX UNI-USDC+0.0100%8h8.96700.000%—$6.5M—as long as short
Variational Omni UNI+0.0100%8h8.9650−0.022%$4.1M$4.3M—as long as short
edgeX UNIUSDC+0.0100%4h8.9747+0.085%$170K$346K20xas long as short
GRVT UNI_USDT_Perp+0.0100%8h8.9765+0.106%$627K$2.7M10xas long as short
ApeX Omni UNIUSDT+0.0100%1h8.9720+0.056%$90K$710K50xas long as short
StandX UNI-USD+0.0100%1h8.9760+0.100%$15K$3.5M20xas long as short
Orderly PERP_UNI_USDC+0.0100%8h8.9680+0.011%$17K$1.8M10xas long as short
SunX UNI-USDT+0.0100%8h8.9725+0.061%$36K$1.4M30xas long as short
SoDEX UNI-USD+0.0100%1h8.9675+0.006%$32K$887K10xas long as short
HTX UNI-USDT+0.0100%8h8.9766+0.107%$702K$5.0M75xas long as short
Phemex UNIUSDT+0.0100%8h8.9690+0.022%$27.1M$4.5M50xas long as short
Extended UNI-USD+0.0104%1h8.9680+0.012%$299K$1.7M25xas long as short
Aevo UNI-PERP+0.0104%1h8.9696+0.029%$32K—3xas long as short
dYdX UNI-USDshort+0.0126%1h8.9722+0.058%$236K$31K10x
Backpack UNI_USDC_PERP+0.0177%1h8.9777+0.119%$1.1M$2.4M10xas long as short
Coinbase International UNI-PERP-INTX+0.0192%1h8.9710+0.045%$937K$5.6M50xas long as short
BloFin UNI-USDT+0.0220%8h8.9690+0.022%$10.1M$3.7M75xas long as short
Reya UNIRUSDPERP+0.0378%1h8.9668−0.003%$16K—20xas long as short
GMX UNI/USD [UNI-USDC]L +0.0381% / S −0.0243%1h8.9673+0.003%$638K—120xas long as short
Aftermath Perps UNIUSD+0.0490%1h8.9805+0.150%$980$54K10xas long as short
Hyperliquid UNI+0.0527%1h8.9855+0.206%$96.8M$66.7M10xas long as short