UNI

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.13 per $10,000 · paid last 24h 0.000%

Price spread now: Deribit against Arcus−0.088%7-day average −0.028% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$440.443% of the position

Long on Arcus Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.033%+$3 on $10k

Price spread, last 4 days (all we have)+0.226%+$23 · spread now −0.088%, 7d avg −0.028%

Together, before fees+0.260%+$26 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Deribit is 0.060% cheaper against Arcus than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.028%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus UNI-USD	8.9920	0.0100	pay 0.0013% / 1h	32m 11s	$314K	$653K	10x
Short	Deribit UNI_USDC-PERPETUAL	8.9841	0	get 0.0000% / 1h	32m 11s	$576K	$208K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Arcus. 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 ArcusbpFee DeribitbpOrdersPrice spread, now −0.088%Rate

Funding earned: −$21
Price spread: −0.088% → −0.028%: −$6.05
Slippage, 4 orders: −$32.78
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$71.33
Costs to cover: 0.443%
Break-even: never at this rate

Slippage from Arcus: live order book, 22 min ago; Deribit: live order book, 22 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 Arcus live order book, 22 min ago	6.63 bp	8.9 bp −$9	14.6 bp −$146	doesn't fit	doesn't fit
Sell Deribit live order book, 22 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
Deribit UNI_USDC-PERPETUALshort	0.0000%	1h	8.9841	−0.088%	$576K	$208K	50x
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	8.9814	−0.118%	$37K	—	150x	as long as short
01 Exchange UNIUSD	+0.0024%	1h	8.9810	−0.122%	$448	$5	10x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−1.802%	$660	$154K	12x	as long as short
Lighter UNI	+0.0096%	1h	8.9812	−0.120%	$4.5M	$5.9M	15x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.9812	−0.120%	$979K	$4.5M	10x	as long as short
Hyperliquid UNI	+0.0100%	1h	8.9893	−0.030%	$95.8M	$64.0M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.9731	−0.210%	$793K	$3.6M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.9854	−0.073%	$291K	$607K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.9670	−0.278%	$221.5M	$646.3M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit UNIUSDT	+0.0100%	8h	8.9640	−0.311%	$100.6M	$111.9M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	8.9630	−0.323%	$54.9M	$261.3M	50x	as long as short
Arcus UNI-USDlong	+0.0100%	1h	8.9920	long leg	$314K	$653K	10x
Gate UNI_USDT	+0.0100%	8h	8.9810	−0.122%	$23.9M	$63.9M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.9680	−0.267%	$48.1M	$25.8M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.9790	−0.145%	$13.3M	$13.3M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.9760	−0.178%	$33.3M	$45.5M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	8.9810	−0.122%	—	$56.6M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.9928	+0.009%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	8.9719	−0.223%	$4.2M	$4.1M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.9750	−0.189%	$169K	$345K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.9978	+0.065%	$625K	$2.8M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0010	+0.100%	$92K	$703K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0340	+0.467%	$15K	$3.4M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.9838	−0.091%	$86K	$435K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.9800	−0.133%	$16K	$1.4M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.9853	−0.075%	$37K	$1.4M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.9720	−0.222%	$29K	$817K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.9906	−0.016%	$703K	$4.9M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.9730	−0.211%	$27.2M	$4.4M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.9806	−0.127%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	8.9731	−0.210%	$286K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.9795	−0.139%	$32K	—	3x	as long as short
Coinbase International UNI-PERP-INTX	+0.0216%	1h	8.9940	+0.022%	$941K	$5.8M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.9870	−0.056%	$10.3M	$3.6M	75x	as long as short
Kraken Futures PF_UNIUSD	+0.0271%	1h	8.9775	−0.161%	$4.9M	$8.1M	50x	as long as short
dYdX UNI-USD	+0.0274%	1h	8.9865	−0.061%	$237K	$30K	10x	as long as short
Reya UNIRUSDPERP	+0.0374%	1h	8.9779	−0.157%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	8.9819	−0.113%	$639K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0831%	1h	8.9936	+0.018%	$953	$45K	10x	as long as short