UNI

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.13 per $10,000 · paid last 24h +0.012%

Price spread now: Arcus against Deribit+0.033%7-day average +0.026% · 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−$56as in the Price arb table

costs, in and out, $10k−$560.563% of the position

Long on Deribit Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.028%−$3 on $10k

Price spread, last 3 days (all we have)−0.696%−$70 · spread now +0.033%, 7d avg +0.026%

Together, before fees−0.723%−$72 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.026%, 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	Deribit UNI_USDC-PERPETUAL	8.8101	0	get 0.0000% / 1h	48m 51s	$550K	$125K	50x
Short	Arcus UNI-USD	8.8130	0.0100	get 0.0013% / 1h	48m 51s	$272K	$605K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Deribit. 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 DeribitbpFee ArcusbpOrdersPrice spread, now +0.033%Rate

Funding earned: $21
Price spread: +0.033% → +0.026%: $0.64
Slippage, 4 orders: −$44.76
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$34.62
Costs to cover: 0.563%
Break-even: 18.5 days

Slippage from Deribit: live order book, 40 min ago; Arcus: live order book, 40 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 Deribit live order book, 40 min ago	5.99 bp	17.2 bp −$17	doesn't fit	doesn't fit	doesn't fit
Sell Arcus live order book, 40 min ago	5.65 bp	9.3 bp −$9	11.8 bp −$118	doesn't fit	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	−0.0200%	8h	8.7965	−0.154%	$3.9M	$4.6M	—	as long as short
Bybit UNIUSDT	−0.0190%	8h	8.8090	−0.012%	$102.6M	$103.8M	75x	as long as short
01 Exchange UNIUSD	−0.0048%	1h	8.8147	+0.052%	$440	—	10x	as long as short
Deribit UNI_USDC-PERPETUALlong	0.0000%	1h	8.8101	long leg	$550K	$125K	50x
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0006%	1h	8.8093	−0.009%	$79K	—	150x	as long as short
OKX UNI-USDT-SWAP	+0.0008%	8h	8.8080	−0.024%	$54.2M	$244.4M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8047	−0.061%	$25K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.8020	−0.092%	$847K	$3.9M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.8107	+0.007%	$1.0M	$3.4M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.8099	−0.003%	$296K	$559K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance UNIUSDT	+0.0100%	8h	8.8070	−0.035%	$215.7M	$593.5M	75x	as long as short
Arcus UNI-USDshort	+0.0100%	1h	8.8130	+0.033%	$272K	$605K	10x
Gate UNI_USDT	+0.0100%	8h	8.8070	−0.035%	$22.9M	$58.9M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.8060	−0.047%	$42.6M	$24.4M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.8060	−0.047%	$13.7M	$13.6M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8040	−0.069%	$31.9M	$41.0M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.8040	−0.069%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8065	−0.041%	$975K	$2.4M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8216	+0.130%	$166K	$343K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8123	+0.025%	$618K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8070	−0.035%	$83K	$713K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8060	−0.047%	$105K	$3.2M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.8109	+0.009%	$86K	$323K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8040	−0.069%	$15K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.8107	+0.007%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.8039	−0.070%	$28K	$659K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.8175	+0.084%	$720K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8040	−0.069%	$26.5M	$4.3M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8025	−0.086%	$307K	$1.4M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8086	−0.017%	$31K	$1K	3x	as long as short
dYdX UNI-USD	+0.0185%	1h	8.8090	−0.012%	$244K	$5K	10x	as long as short
Coinbase International UNI-PERP-INTX	+0.0200%	1h	8.8140	+0.044%	$1.0M	$5.3M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.8060	−0.047%	$9.8M	$3.3M	75x	as long as short
Kraken Futures PF_UNIUSD	+0.0270%	1h	8.8096	−0.006%	$4.9M	$7.1M	50x	as long as short
Hyperliquid UNI	+0.0356%	1h	8.8160	+0.067%	$95.7M	$59.6M	10x	as long as short
Reya UNIRUSDPERP	+0.0359%	1h	8.8022	−0.090%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0380% / S −0.0320%	1h	8.8077	−0.028%	$552K	—	120x	as long as short
Lighter UNI	+0.0424%	1h	8.8219	+0.134%	$4.5M	$5.3M	15x	as long as short
Aftermath Perps UNIUSD	+0.0484%	1h	8.8175	+0.084%	$1K	$50K	10x	as long as short
Injective UNI/USDC PERP	+0.2702%	1h	8.7900	−0.228%	$657	$97K	12x	as long as short