Settings8H · net · $10k
Funding arb · Price arb /

UNI

all UNI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0820%/8h= +89.8% APRpaid last 24h +0.175%
Price spread now: Lighter against Bitget+0.269%7-day average +0.145% · you sell dearer than you buy
Net, funding: paid 7d − costs$0as in the Funding arb table
Net, price: spread back to 7d avg − costs−$22as in the Price arb table
costs, in and out, $10k−$350.347% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.351%+$35 on $10k
Price spread, last 7 days−0.083%−$8 · spread now +0.269%, 7d avg +0.145%
Together, before fees+0.268%+ Points / potential airdropLighter: Season 3 · farm board+$27 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$25 a day on $10k at the current rate, and Lighter is 0.124% dearer against Bitget than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of +0.145%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.351% in total (about 18.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget UNIUSDT8.95900.0100pay 0.0100% / 8h9m 53s$32.7M$42.0M75x
ShortLighter UNI8.98310.0920get 0.0115% / 1h9m 53s$4.6M$5.3M15x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter against Bitget. 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
$172.2
Price spread: +0.269% → +0.145%
$12.4
Slippage, 4 orders
−$22.66
Fee Bitget: 6 bp × 2 orders
−$12
Fee Lighter: 0 bp × 2 orders
$0
Net
$149.94
Costs to cover
0.347%
Break-even
0.9 days
Slippage from Bitget: live order book, 4 min ago; Lighter: live order book, 8 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 Bitget live order book, 4 min ago1.11 bp10.7 bp −$1117.7 bp −$17735.2 bp −$3,517doesn't fit
Sell Lighter live order book, 8 min ago1.05 bp1.1 bp −$110.4 bp −$10494.1 bp −$9,411doesn't fit

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
Injective UNI/USDC PERP−0.0049%1h8.8300−1.440%$660$155K12xas long as short
gTrade (Gains Network) UNI/USDL +0.0004% / S −0.0004%1h8.9645+0.061%$62K150xas long as short
Variational Omni UNI+0.0082%8h8.9422−0.187%$4.1M$4.4Mas long as short
Deribit UNI_USDC-PERPETUAL+0.0086%1h8.9685+0.106%$577K$177K50xas long as short
OKX UNI-USDT-SWAP+0.0086%8h8.9610+0.022%$54.8M$249.0M50xas long as short
Nado UNI-PERP+0.0100%1h8.9642+0.059%$956K$4.2M10xas long as short
Aster UNIUSDT+0.0100%8h8.9688+0.109%$1.0M$3.3M50xas long as short
Pacifica UNI+0.0100%1h8.9644+0.060%$297K$591K10xas long as short
Binance UNIUSDT+0.0100%8h8.9653+0.070%$222.0M$591.3M75xas long as short
Bybit UNIUSDT+0.0100%8h8.9610+0.022%$101.4M$105.3M75xas long as short
Show all 40 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Arcus UNI-USD+0.0100%1h8.9820+0.257%$270K$614K10xas long as short
Gate UNI_USDT+0.0100%8h8.9610+0.022%$22.8M$59.2M75xas long as short
MEXC UNI_USDT+0.0100%8h8.9660+0.078%$43.7M$24.1M200xas long as short
KuCoin UNIUSDTM+0.0100%8h8.9650+0.067%$13.6M$13.5M75xas long as short
Bitget UNIUSDTlong+0.0100%8h8.9590long leg$32.7M$42.0M75x
BingX UNI-USDC+0.0100%8h8.9630+0.045%$6.5Mas long as short
Backpack UNI_USDC_PERP+0.0100%1h8.9691+0.113%$1.1M$2.4M10xas long as short
edgeX UNIUSDC+0.0100%4h8.9828+0.265%$169K$342K20xas long as short
GRVT UNI_USDT_Perp+0.0100%8h8.9580−0.011%$630K$2.5M10xas long as short
ApeX Omni UNIUSDT+0.0100%1h8.9890+0.335%$88K$710K50xas long as short
StandX UNI-USD+0.0100%1h8.9520−0.078%$36K$3.3M20xas long as short
Polymarket Perps UNI-USD+0.0100%1h8.9742+0.170%$85K$366K10xas long as short
Orderly PERP_UNI_USDC+0.0100%8h8.9630+0.045%$16K$1.7M10xas long as short
SunX UNI-USDT+0.0100%8h8.9780+0.212%$36K$1.3M30xas long as short
SoDEX UNI-USD+0.0100%1h8.9633+0.048%$21K$676K10xas long as short
HTX UNI-USDT+0.0100%8h8.9860+0.301%$719K$4.3M75xas long as short
Phemex UNIUSDT+0.0100%8h8.9610+0.022%$27.0M$4.5M50xas long as short
Paradex UNI-USD-PERP+0.0100%8h8.9670+0.089%$26K20xas long as short
Extended UNI-USD+0.0104%1h8.9598+0.008%$302K$1.5M25xas long as short
Aevo UNI-PERP+0.0104%1h8.9657+0.075%$32K$1K3xas long as short
01 Exchange UNIUSD+0.0168%1h8.9776+0.208%$44810xas long as short
BloFin UNI-USDT+0.0220%8h8.9480−0.123%$10.0M$3.5M75xas long as short
Coinbase International UNI-PERP-INTX+0.0232%1h8.9720+0.145%$1.1M$5.4M50xas long as short
dYdX UNI-USD+0.0318%1h8.9627+0.042%$248K$6K10xas long as short
Reya UNIRUSDPERP+0.0365%1h8.9616+0.029%$16K20xas long as short
GMX UNI/USD [UNI-USDC]L +0.0381% / S −0.0323%1h8.9617+0.030%$567K120xas long as short
Hyperliquid UNI+0.0469%1h8.9728+0.154%$98.3M$59.6M10xas long as short
Kraken Futures PF_UNIUSD+0.0564%1h8.9680+0.100%$5.0M$7.0M50xas long as short
Aftermath Perps UNIUSD+0.0864%1h8.9773+0.204%$1K$49K10xas long as short
Lighter UNIshort+0.0920%1h8.9831+0.269%$4.6M$5.3M15x