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Funding arb · Price arb /

UNI

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 00:00 UTC+0.0660%/8h= +72.3% APRpaid last 24h +0.143%
Price spread now: Lighter against BloFin+0.132%60s7-day average +0.130% · you sell dearer than you buy
Net, funding: paid 7d − costs−$31as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$400.404% of the position
Long on BloFinShort on Lighter
What this pair did over the last
the charts below follow
Funding, last 7 days+0.095%+$10 on $10k
Price spread, last 3 days (all we have)−0.084%−$8 · spread now +0.132%, 7d avg +0.130%
Together, before fees+0.011%+ Points / potential airdropLighter: Season 3 · farm board+$1 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.130%, so right now this pair is about funding alone: +$20 a day on $10k at the current rate. The two prices were read 60 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.095% in total (about 5.0% 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
LongBloFin UNI-USDT9.00700.0220pay 0.0220% / 8h7h 59m$10.0M$3.5M75x
ShortLighter UNI9.01890.0880get 0.0110% / 1h59m 48s$4.6M$5.3M15x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter against BloFin. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$138.6
Price spread: +0.132% → +0.130%
$0.22
Slippage, 4 orders
−$28.43
Fee BloFin: 6 bp × 2 orders
−$12
Fee Lighter: 0 bp × 2 orders
$0
Net
$98.39
Costs to cover
0.404%
Break-even
2.0 days
Slippage from BloFin: live order book, 9 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 BloFin live order book, 9 min ago1.12 bp12.2 bp −$1218.1 bp −$18149.9 bp −$4,989doesn't fit
Sell Lighter live order book, 8 min ago1.56 bp5.9 bp −$612.7 bp −$12797.5 bp −$9,750doesn'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%1h8.8300−1.965%$660$155K12xas long as short
gTrade (Gains Network) UNI/USDL +0.0004% / S −0.0004%1h9.0024−0.051%$62K—150xas long as short
OKX UNI-USDT-SWAP+0.0087%8h8.9850−0.244%$55.0M$249.6M50xas long as short
Variational Omni UNI+0.0090%8h9.0023−0.052%$4.1M$4.4M—as long as short
Nado UNI-PERP+0.0100%1h8.9980−0.100%$947K$4.2M10xas long as short
Aster UNIUSDT+0.0100%8h8.9985−0.095%$1.0M$3.3M50xas long as short
Pacifica UNI+0.0100%1h9.0021−0.054%$298K$591K10xas long as short
Binance UNIUSDT+0.0100%8h8.9920−0.167%$222.5M$592.1M75xas long as short
Bybit UNIUSDT+0.0100%8h8.9860−0.233%$101.6M$105.8M75xas long as short
Arcus UNI-USD+0.0100%1h9.0080+0.011%$270K$614K10xas long as short
Show all 40 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate UNI_USDT+0.0100%8h8.9920−0.167%$22.9M$59.3M75xas long as short
MEXC UNI_USDT+0.0100%8h8.9970−0.111%$44.0M$24.1M200xas long as short
KuCoin UNIUSDTM+0.0100%8h8.9960−0.122%$13.6M$13.5M75xas long as short
Bitget UNIUSDT+0.0100%8h8.9920−0.167%$32.9M$42.2M75xas long as short
BingX UNI-USDC+0.0100%8h8.9920−0.167%—$6.5M—as long as short
Backpack UNI_USDC_PERP+0.0100%1h9.0033−0.041%$1.1M$2.4M10xas long as short
edgeX UNIUSDC+0.0100%4h8.9687−0.426%$169K$345K20xas long as short
GRVT UNI_USDT_Perp+0.0100%8h8.9730−0.378%$624K$2.5M10xas long as short
ApeX Omni UNIUSDT+0.0100%1h8.9730−0.377%$88K$709K50xas long as short
StandX UNI-USD+0.0100%1h8.9850−0.244%$36K$3.3M20xas long as short
Polymarket Perps UNI-USD+0.0100%1h9.0054−0.018%$85K$367K10xas long as short
Orderly PERP_UNI_USDC+0.0100%8h8.9990−0.089%$16K$1.7M10xas long as short
SunX UNI-USDT+0.0100%8h9.0050−0.022%$37K$1.3M30xas long as short
SoDEX UNI-USD+0.0100%1h8.9990−0.089%$21K$679K10xas long as short
HTX UNI-USDT+0.0100%8h9.0090+0.022%$722K$4.4M75xas long as short
Phemex UNIUSDT+0.0100%8h9.0040−0.033%$27.2M$4.5M50xas long as short
Paradex UNI-USD-PERP+0.0100%8h9.0002−0.076%$26K—20xas long as short
Extended UNI-USD+0.0104%1h8.9902−0.186%$302K$1.5M25xas long as short
Aevo UNI-PERP+0.0104%1h9.0023−0.052%$32K$1K3xas long as short
Deribit UNI_USDC-PERPETUAL+0.0149%1h9.0052−0.020%$580K$177K50xas long as short
01 Exchange UNIUSD+0.0152%1h9.0037−0.037%$449—10xas long as short
BloFin UNI-USDTlong+0.0220%8h9.0070long leg$10.0M$3.5M75x
Coinbase International UNI-PERP-INTX+0.0232%1h9.0080+0.011%$1.1M$5.4M50xas long as short
dYdX UNI-USD+0.0279%1h9.0016−0.059%$249K$6K10xas long as short
Reya UNIRUSDPERP+0.0365%1h9.0009−0.067%$16K—20xas long as short
GMX UNI/USD [UNI-USDC]L +0.0382% / S −0.0322%1h9.0016−0.060%$570K—120xas long as short
Hyperliquid UNI+0.0408%1h9.0090+0.022%$98.6M$59.7M10xas long as short
Kraken Futures PF_UNIUSD+0.0562%1h9.0060−0.011%$5.0M$7.0M50xas long as short
Aftermath Perps UNIUSD+0.0874%1h8.9887−0.203%$1K$49K10xas long as short
Lighter UNIshort+0.0880%1h9.0189+0.132%$4.6M$5.3M15x