UNI

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0391%/8h= +42.9% APRnext payment +$0.49 per $10,000 · paid last 24h +0.044%

Price spread now: Hyperliquid against Arcus+0.088%7-day average +0.029% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$330.333% of the position

Long on Arcus Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.135%+$13 on $10k

Price spread, last 4 days (all we have)+0.006%+$1 · spread now +0.088%, 7d avg +0.029%

Together, before fees+0.140%+ Points / potential airdropHyperliquid: Season 2 · farm board+$14 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Hyperliquid is 0.059% dearer against Arcus than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.029%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus UNI-USD	8.9890	0.0100	pay 0.0013% / 1h	16m 03s	$270K	$637K	10x
Short	Hyperliquid UNI	8.9969	0.0491	get 0.0061% / 1h	16m 03s	$98.7M	$59.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.088%Rate

Funding earned: $82.2
Price spread: +0.088% → +0.029%: $5.86
Slippage, 4 orders: −$19.75
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $54.81
Costs to cover: 0.333%
Break-even: 2.3 days

Slippage from Arcus: live order book, 63 min ago; Hyperliquid: live order book, 8 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, 63 min ago	3.93 bp	7.8 bp −$8	12.9 bp −$129	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 8 min ago	1.84 bp	7.7 bp −$8	doesn't fit	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
Injective UNI/USDC PERP	−0.0049%	1h	8.8300	−1.769%	$660	$155K	12x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	8.9808	−0.091%	$62K	—	150x	as long as short
Variational Omni UNI	+0.0072%	8h	8.9762	−0.142%	$4.1M	$4.4M	—	as long as short
OKX UNI-USDT-SWAP	+0.0089%	8h	8.9800	−0.100%	$54.8M	$249.5M	50x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.9772	−0.131%	$951K	$4.2M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.9871	−0.021%	$1.0M	$3.3M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.9848	−0.046%	$297K	$591K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.9861	−0.033%	$222.3M	$590.5M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	8.9830	−0.067%	$101.8M	$105.3M	75x	as long as short
Arcus UNI-USDlong	+0.0100%	1h	8.9890	long leg	$270K	$637K	10x

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate UNI_USDT	+0.0100%	8h	8.9850	−0.044%	$23.0M	$59.0M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.9880	−0.011%	$43.8M	$24.1M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.9880	−0.011%	$13.7M	$13.5M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.9860	−0.033%	$32.8M	$42.1M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.9850	−0.044%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.9891	+0.001%	$1.1M	$2.4M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.0084	+0.215%	$169K	$344K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0065	+0.195%	$630K	$2.5M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0150	+0.289%	$89K	$710K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.9810	−0.089%	$36K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.9830	−0.067%	$84K	$364K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.9790	−0.111%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.9850	−0.044%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.9850	−0.044%	$21K	$676K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.9958	+0.076%	$720K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.9860	−0.033%	$27.1M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.9806	−0.094%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	8.9830	−0.066%	$303K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.9870	−0.022%	$32K	$1K	3x	as long as short
01 Exchange UNIUSD	+0.0168%	1h	8.9829	−0.068%	$448	—	10x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0168%	1h	8.9834	−0.062%	$578K	$176K	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.9790	−0.111%	$10.0M	$3.5M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0232%	1h	8.9930	+0.044%	$1.1M	$5.4M	50x	as long as short
dYdX UNI-USD	+0.0295%	1h	8.9848	−0.047%	$249K	$6K	10x	as long as short
Reya UNIRUSDPERP	+0.0364%	1h	8.9779	−0.124%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0382% / S −0.0323%	1h	8.9792	−0.109%	$568K	—	120x	as long as short
Hyperliquid UNIshort	+0.0491%	1h	8.9969	+0.088%	$98.7M	$59.2M	10x
Kraken Futures PF_UNIUSD	+0.0563%	1h	8.9910	+0.022%	$5.0M	$7.0M	50x	as long as short
Aftermath Perps UNIUSD	+0.0848%	1h	8.9969	+0.088%	$1K	$49K	10x	as long as short
Lighter UNI	+0.0896%	1h	9.0039	+0.166%	$4.6M	$5.3M	15x	as long as short