UNI

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0088%/8h= +9.6% APRnext payment +$0.11 per $10,000 · paid last 24h +0.155%

Price spread now: Lighter against Coinbase International+0.132%7-day average +0.134% · you sell dearer than you buy

Net, funding: paid 7d − costs+$2as in the Funding arb table

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$450.446% of the position

Long on Coinbase International Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.468%+$47 on $10k

Price spread, last 3 days (all we have)−0.079%−$8 · spread now +0.132%, 7d avg +0.134%

Together, before fees+0.389%+ Points / potential airdropLighter: Season 3 · farm board+$39 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.134%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International UNI-PERP-INTX	9.0250	0.0312	pay 0.0039% / 1h	29m 15s	$1.1M	$4.7M	50x
Short	Lighter UNI	9.0369	0.0400	get 0.0050% / 1h	29m 15s	$4.6M	$5.3M	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Coinbase International. 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 Coinbase InternationalbpFee LighterbpOrdersPrice spread, now +0.132%Rate

Funding earned: $18.48
Price spread: +0.132% → +0.134%: −$0.18
Slippage, 4 orders: −$34.63
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$26.33
Costs to cover: 0.446%
Break-even: 17.0 days

Slippage from Coinbase International: live order book, 5 min ago; Lighter: live order book, 4 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 Coinbase International live order book, 5 min ago	6.12 bp	14.4 bp −$14	19.2 bp −$192	doesn't fit	doesn't fit
Sell Lighter live order book, 4 min ago	1.38 bp	7.5 bp −$7	15.5 bp −$155	135.5 bp −$13.5K	doesn't fit

UNI on 39 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
Deribit UNI_USDC-PERPETUAL	0.0000%	1h	9.0264	+0.015%	$586K	$200K	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	9.0267	+0.019%	$19K	—	150x	as long as short
dYdX UNI-USD	+0.0022%	1h	9.0534	+0.315%	$238K	$30K	10x	as long as short
01 Exchange UNIUSD	+0.0032%	1h	9.0505	+0.283%	$452	—	10x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−2.161%	$660	$154K	12x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.0265	+0.017%	$942K	$4.3M	10x	as long as short
Hyperliquid UNI	+0.0100%	1h	9.0465	+0.238%	$98.2M	$60.1M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.0368	+0.131%	$1.0M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.0553	+0.336%	$296K	$574K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.0270	+0.022%	$225.2M	$611.7M	75x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit UNIUSDT	+0.0100%	8h	9.0260	+0.011%	$101.0M	$107.6M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.0270	+0.022%	$55.6M	$254.0M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.0550	+0.332%	$287K	$641K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.0250	0.000%	$23.1M	$58.5M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0310	+0.066%	$49.5M	$26.1M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0330	+0.089%	$13.4M	$13.7M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0180	−0.078%	$33.0M	$42.8M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	9.0260	+0.011%	—	$57.4M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.0610	+0.399%	$991K	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.0181	−0.076%	$4.1M	$4.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.0270	+0.022%	$170K	$346K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.9959	−0.323%	$630K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0300	+0.055%	$88K	$699K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0560	+0.343%	$56K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.0412	+0.180%	$86K	$410K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.0230	−0.022%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.0334	+0.093%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.0220	−0.033%	$22K	$710K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.0400	+0.166%	$718K	$4.2M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.0230	−0.022%	$27.2M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.0542	+0.323%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0166	−0.093%	$300K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0246	−0.004%	$32K	—	3x	as long as short
Coinbase International UNI-PERP-INTXlong	+0.0312%	1h	9.0250	long leg	$1.1M	$4.7M	50x
Reya UNIRUSDPERP	+0.0368%	1h	9.0258	+0.008%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.0274	+0.027%	$644K	—	120x	as long as short
Lighter UNIshort	+0.0400%	1h	9.0369	+0.132%	$4.6M	$5.3M	15x
Kraken Futures PF_UNIUSD	+0.0425%	1h	9.0212	−0.043%	$5.0M	$6.9M	50x	as long as short
Aftermath Perps UNIUSD	+0.0940%	1h	9.0194	−0.062%	$1K	$48K	10x	as long as short