Funding you earn now, next payment 22:00 UTC+0.0428%/8h= +46.9% APRnext payment +$0.54 per $10,000 · paid last 24h +0.163%
Price spread now: Lighter against Arcus+0.134%7-day average +0.079% · 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−$23as in the Price arb table
costs, in and out, $10k−$290.289% of the position
Funding, last 3 days (all we have)+0.256%+$26 on $10k
+Price spread, last 4 days (all we have)−0.004%$0 · spread now +0.134%, 7d avg +0.079%
=Together, before fees+0.252%+ Points / potential airdropLighter: Season 3 · farm board+$25 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Lighter is 0.055% dearer against Arcus than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.079%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus UNI-USD | 8.8610 | 0.0100 | pay 0.0013% / 1h | 34m 55s | $273K | $612K | 10x |
| Short | Lighter UNI | 8.8729 | 0.0528 | get 0.0066% / 1h | 34m 55s | $4.5M | $5.4M | 15x |
Arcus UNI-USD
Lighter UNIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Arcus. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $89.88
- Price spread: +0.134% → +0.079%
- $5.5
- Slippage, 4 orders
- −$24.37
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $66.51
- Costs to cover
- 0.289%
- Break-even
- 1.8 days
Slippage from Arcus: live order book, 54 min ago; Lighter: live order book, 3 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, 54 min ago | 5.65 bp | 9.0 bp −$9 | 13.8 bp −$138 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 3 min ago | 1.64 bp | 3.5 bp −$4 | 9.4 bp −$94 | 99.1 bp −$9,910 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni UNI | −0.0185% | 8h | 8.8292 | −0.359% | $3.9M | $4.6M | — | as long as short |
| Bybit UNIUSDT | −0.0158% | 8h | 8.8600 | −0.011% | $102.4M | $104.4M | 75x | as long as short |
| 01 Exchange UNIUSD | 0.0000% | 1h | 8.8573 | −0.042% | $442 | — | 10x | as long as short |
| Deribit UNI_USDC-PERPETUAL | 0.0000% | 1h | 8.8616 | +0.007% | $553K | $125K | 50x | as long as short |
| gTrade (Gains Network) UNI/USD | L +0.0004% / S −0.0006% | 1h | 8.8561 | −0.055% | $80K | — | 150x | as long as short |
| OKX UNI-USDT-SWAP | +0.0014% | 8h | 8.8600 | −0.011% | $54.4M | $245.8M | 50x | as long as short |
| Paradex UNI-USD-PERP | +0.0100% | 8h | 8.8467 | −0.161% | $25K | — | 20x | as long as short |
| Nado UNI-PERP | +0.0100% | 1h | 8.8515 | −0.107% | $855K | $3.9M | 10x | as long as short |
| Aster UNIUSDT | +0.0100% | 8h | 8.8580 | −0.034% | $1.0M | $3.4M | 50x | as long as short |
| Pacifica UNI | +0.0100% | 1h | 8.8530 | −0.090% | $296K | $561K | 10x | as long as short |
Variational Omni UNI
Bybit UNIUSDT
01 Exchange UNIUSD
Deribit UNI_USDC-PERPETUAL
gTrade (Gains Network) UNI/USD
OKX UNI-USDT-SWAP
Paradex UNI-USD-PERP
Nado UNI-PERP
Aster UNIUSDT
Pacifica UNIShow all 40 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance UNIUSDT | +0.0100% | 8h | 8.8620 | +0.011% | $216.8M | $593.6M | 75x | as long as short |
| Arcus UNI-USDlong | +0.0100% | 1h | 8.8610 | long leg | $273K | $612K | 10x | |
| Gate UNI_USDT | +0.0100% | 8h | 8.8590 | −0.023% | $23.0M | $59.1M | 75x | as long as short |
| MEXC UNI_USDT | +0.0100% | 8h | 8.8570 | −0.045% | $42.9M | $24.5M | 200x | as long as short |
| KuCoin UNIUSDTM | +0.0100% | 8h | 8.8570 | −0.045% | $13.8M | $13.7M | 75x | as long as short |
| Bitget UNIUSDT | +0.0100% | 8h | 8.8590 | −0.023% | $32.0M | $41.0M | 75x | as long as short |
| BingX UNI-USDT | +0.0100% | 8h | 8.8580 | −0.034% | — | $49.9M | — | as long as short |
| Backpack UNI_USDC_PERP | +0.0100% | 1h | 8.8638 | +0.032% | $985K | $2.3M | 10x | as long as short |
| edgeX UNIUSDC | +0.0100% | 4h | 8.8350 | −0.294% | $166K | $342K | 20x | as long as short |
| GRVT UNI_USDT_Perp | +0.0100% | 8h | 8.8428 | −0.205% | $618K | $2.5M | 10x | as long as short |
| ApeX Omni UNIUSDT | +0.0100% | 1h | 8.8490 | −0.135% | $84K | $712K | 50x | as long as short |
| StandX UNI-USD | +0.0100% | 1h | 8.8380 | −0.260% | $105K | $3.2M | 20x | as long as short |
| Polymarket Perps UNI-USD | +0.0100% | 1h | 8.8562 | −0.054% | $87K | $323K | 10x | as long as short |
| Orderly PERP_UNI_USDC | +0.0100% | 8h | 8.8560 | −0.056% | $16K | $1.7M | 10x | as long as short |
| SunX UNI-USDT | +0.0100% | 8h | 8.8604 | −0.007% | $36K | $1.3M | 30x | as long as short |
| SoDEX UNI-USD | +0.0100% | 1h | 8.8549 | −0.069% | $25K | $661K | 10x | as long as short |
| HTX UNI-USDT | +0.0100% | 8h | 8.8587 | −0.026% | $723K | $4.3M | 75x | as long as short |
| Phemex UNIUSDT | +0.0100% | 8h | 8.8580 | −0.034% | $26.7M | $4.3M | 50x | as long as short |
| Extended UNI-USD | +0.0104% | 1h | 8.8585 | −0.028% | $298K | $1.4M | 25x | as long as short |
| Aevo UNI-PERP | +0.0104% | 1h | 8.8570 | −0.046% | $31K | $1K | 3x | as long as short |
| dYdX UNI-USD | +0.0108% | 1h | 8.8536 | −0.083% | $245K | $5K | 10x | as long as short |
| Coinbase International UNI-PERP-INTX | +0.0200% | 1h | 8.8470 | −0.158% | $1.0M | $5.3M | 50x | as long as short |
| BloFin UNI-USDT | +0.0220% | 8h | 8.8480 | −0.147% | $9.8M | $3.3M | 75x | as long as short |
| Kraken Futures PF_UNIUSD | +0.0268% | 1h | 8.8619 | +0.011% | $5.0M | $7.1M | 50x | as long as short |
| Hyperliquid UNI | +0.0321% | 1h | 8.8709 | +0.112% | $96.5M | $59.8M | 10x | as long as short |
| Reya UNIRUSDPERP | +0.0360% | 1h | 8.8524 | −0.097% | $16K | — | 20x | as long as short |
| GMX UNI/USD [UNI-USDC] | L +0.0379% / S −0.0320% | 1h | 8.8572 | −0.043% | $555K | — | 120x | as long as short |
| Aftermath Perps UNIUSD | +0.0467% | 1h | 8.8490 | −0.136% | $1K | $50K | 10x | as long as short |
| Lighter UNIshort | +0.0528% | 1h | 8.8729 | +0.134% | $4.5M | $5.4M | 15x | |
| Injective UNI/USDC PERP | +0.2702% | 1h | 8.7900 | −0.801% | $657 | $97K | 12x | as long as short |
Binance UNIUSDT
Gate UNI_USDT
MEXC UNI_USDT
KuCoin UNIUSDTM
Bitget UNIUSDT
BingX UNI-USDT
Backpack UNI_USDC_PERP
edgeX UNIUSDC
GRVT UNI_USDT_Perp
ApeX Omni UNIUSDT
StandX UNI-USD
Polymarket Perps UNI-USD
Orderly PERP_UNI_USDC
SunX UNI-USDT
SoDEX UNI-USD
HTX UNI-USDT
Phemex UNIUSDT
Extended UNI-USD
Aevo UNI-PERP
dYdX UNI-USD
Coinbase International UNI-PERP-INTX
BloFin UNI-USDT
Kraken Futures PF_UNIUSD
Hyperliquid UNI
Reya UNIRUSDPERP
GMX UNI/USD [UNI-USDC]
Aftermath Perps UNIUSD
Injective UNI/USDC PERP