Funding you earn now, next payment 03:00 UTC−0.0067%/8h= −7.3% APRnext payment −$0.08 per $10,000 · paid last 24h +0.157%
Price spread now: Injective against Backpack−2.729%48s7-day average +0.108% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.540%−$54 on $10k
+Price spread, last 4 days (all we have)+2.901%+$290 · spread now −2.729%, 7d avg +0.108%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 2.836% cheaper against Backpack than usual: you would sell low and buy high (−$284 if the spread goes back to its 7-day average of +0.108%). Swap the legs. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack UNI_USDC_PERP | 9.0777 | 0.0100 | pay 0.0013% / 1h | 45m 23s | $989K | $2.2M | 10x |
| Short | Injective UNI/USDC PERP | 8.8300 | 0.0033 | get 0.0004% / 1h | 45m 23s | $660 | $154K | 12x |
Backpack UNI_USDC_PERP
Injective UNI/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Backpack. 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
- −$14
- Price spread: −2.729% → +0.108%
- −$283.64
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$307.66
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Backpack: live order book, 4 min ago; Injective: no order-book sample. Net counts fees only.
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 Backpack live order book, 4 min ago | 0.05 bp | 5.8 bp −$6 | doesn't fit | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) UNI/USD | L +0.0004% / S −0.0004% | 1h | 9.1057 | +0.309% | $19K | — | 150x | as long as short |
| Injective UNI/USDC PERPshort | +0.0033% | 1h | 8.8300 | −2.729% | $660 | $154K | 12x | |
| 01 Exchange UNIUSD | +0.0088% | 1h | 9.1066 | +0.318% | $454 | $5 | 10x | as long as short |
| Nado UNI-PERP | +0.0100% | 1h | 9.0970 | +0.213% | $946K | $4.3M | 10x | as long as short |
| Aster UNIUSDT | +0.0100% | 8h | 9.1120 | +0.378% | $1.0M | $2.9M | 50x | as long as short |
| Pacifica UNI | +0.0100% | 1h | 9.0882 | +0.115% | $296K | $570K | 10x | as long as short |
| Binance UNIUSDT | +0.0100% | 8h | 9.1098 | +0.353% | $227.3M | $609.3M | 75x | as long as short |
| Bybit UNIUSDT | +0.0100% | 8h | 9.1060 | +0.312% | $102.5M | $108.0M | 75x | as long as short |
| OKX UNI-USDT-SWAP | +0.0100% | 8h | 9.1040 | +0.290% | $56.2M | $253.4M | 50x | as long as short |
| Arcus UNI-USD | +0.0100% | 1h | 9.1080 | +0.334% | $288K | $619K | 10x | as long as short |
gTrade (Gains Network) UNI/USD
01 Exchange UNIUSD
Nado UNI-PERP
Aster UNIUSDT
Pacifica UNI
Binance UNIUSDT
Bybit UNIUSDT
OKX UNI-USDT-SWAP
Arcus UNI-USDShow all 40 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate UNI_USDT | +0.0100% | 8h | 9.1050 | +0.301% | $23.5M | $59.3M | 75x | as long as short |
| MEXC UNI_USDT | +0.0100% | 8h | 9.1090 | +0.345% | $49.4M | $25.0M | 200x | as long as short |
| KuCoin UNIUSDTM | +0.0100% | 8h | 9.1110 | +0.367% | $13.6M | $12.9M | 75x | as long as short |
| Bitget UNIUSDT | +0.0100% | 8h | 9.1040 | +0.290% | $33.4M | $42.7M | 75x | as long as short |
| BingX UNI-USDC | +0.0100% | 8h | 9.1040 | +0.290% | — | $6.5M | — | as long as short |
| Backpack UNI_USDC_PERPlong | +0.0100% | 1h | 9.0777 | long leg | $989K | $2.2M | 10x | |
| Variational Omni UNI | +0.0100% | 8h | 9.0819 | +0.046% | $4.2M | $4.2M | — | as long as short |
| edgeX UNIUSDC | +0.0100% | 4h | 9.0612 | −0.182% | $171K | $346K | 20x | as long as short |
| GRVT UNI_USDT_Perp | +0.0100% | 8h | 9.0730 | −0.052% | $634K | $2.6M | 10x | as long as short |
| ApeX Omni UNIUSDT | +0.0100% | 1h | 9.0770 | −0.008% | $89K | $699K | 50x | as long as short |
| StandX UNI-USD | +0.0100% | 1h | 9.0830 | +0.058% | $58K | $3.3M | 20x | as long as short |
| Polymarket Perps UNI-USD | +0.0100% | 1h | 9.1104 | +0.360% | $88K | $411K | 10x | as long as short |
| Orderly PERP_UNI_USDC | +0.0100% | 8h | 9.1080 | +0.334% | $16K | $1.7M | 10x | as long as short |
| SunX UNI-USDT | +0.0100% | 8h | 9.1164 | +0.426% | $37K | $1.3M | 30x | as long as short |
| SoDEX UNI-USD | +0.0100% | 1h | 9.1072 | +0.325% | $22K | $750K | 10x | as long as short |
| HTX UNI-USDT | +0.0100% | 8h | 9.1120 | +0.378% | $719K | $4.3M | 75x | as long as short |
| Phemex UNIUSDT | +0.0100% | 8h | 9.1130 | +0.389% | $27.5M | $4.5M | 50x | as long as short |
| Paradex UNI-USD-PERP | +0.0100% | 8h | 9.0967 | +0.209% | $26K | — | 20x | as long as short |
| Extended UNI-USD | +0.0104% | 1h | 9.1017 | +0.264% | $302K | $1.5M | 25x | as long as short |
| Aevo UNI-PERP | +0.0104% | 1h | 9.0907 | +0.143% | $32K | — | 3x | as long as short |
| dYdX UNI-USD | +0.0193% | 1h | 9.0903 | +0.138% | $239K | $30K | 10x | as long as short |
| BloFin UNI-USDT | +0.0220% | 8h | 9.1120 | +0.378% | — | $3.6M | 75x | as long as short |
| Kraken Futures PF_UNIUSD | +0.0269% | 1h | 9.1112 | +0.369% | $5.1M | $7.2M | 50x | as long as short |
| Coinbase International UNI-PERP-INTX | +0.0296% | 1h | 9.1140 | +0.400% | $1.1M | $5.0M | 50x | as long as short |
| Reya UNIRUSDPERP | +0.0370% | 1h | 9.1052 | +0.303% | $17K | — | 20x | as long as short |
| GMX UNI/USD [UNI-USDC] | L +0.0381% / S −0.0244% | 1h | 9.1062 | +0.314% | $648K | — | 120x | as long as short |
| Deribit UNI_USDC-PERPETUAL | +0.0442% | 1h | 9.1129 | +0.388% | $587K | $191K | 50x | as long as short |
| Hyperliquid UNI | +0.0548% | 1h | 9.1239 | +0.509% | $99.5M | $59.1M | 10x | as long as short |
| Lighter UNI | +0.0592% | 1h | 9.1023 | +0.271% | $4.7M | $5.6M | 15x | as long as short |
| Aftermath Perps UNIUSD | +0.0953% | 1h | 9.1021 | +0.269% | $874 | $47K | 10x | as long as short |
Gate UNI_USDT
MEXC UNI_USDT
KuCoin UNIUSDTM
Bitget UNIUSDT
BingX UNI-USDC
Variational Omni UNI
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
Paradex UNI-USD-PERP
Extended UNI-USD
Aevo UNI-PERP
dYdX UNI-USD
BloFin UNI-USDT
Kraken Futures PF_UNIUSD
Coinbase International UNI-PERP-INTX
Reya UNIRUSDPERP
GMX UNI/USD [UNI-USDC]
Deribit UNI_USDC-PERPETUAL
Hyperliquid UNI
Lighter UNI
Aftermath Perps UNIUSD