UNI

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0106%/8h= +11.6% APRnext payment +$0.13 per $10,000 · paid last 24h +0.051%

Price spread now: Hyperliquid against Deribit+0.120%7-day average +0.048% · you sell dearer than you buy

Net, funding: paid 7d − costs−$14as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$420.417% of the position

Long on Deribit Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.280%+$28 on $10k

Price spread, last 4 days (all we have)−0.681%−$68 · spread now +0.120%, 7d avg +0.048%

Together, before fees−0.400%+ Points / potential airdropHyperliquid: Season 2 · farm board−$40 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Hyperliquid is 0.072% dearer against Deribit than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.048%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit UNI_USDC-PERPETUAL	9.1129	0.0442	pay 0.0055% / 1h	45m 24s	$587K	$191K	50x
Short	Hyperliquid UNI	9.1239	0.0548	get 0.0068% / 1h	45m 24s	$99.5M	$59.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.120%Rate

Funding earned: $22.22
Price spread: +0.120% → +0.048%: $7.18
Slippage, 4 orders: −$25.71
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$12.3
Costs to cover: 0.417%
Break-even: 10.9 days

Slippage from Deribit: live order book, 18 min ago; Hyperliquid: live order book, 8 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, 18 min ago	7.07 bp	10.7 bp −$11	20.2 bp −$202	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 8 min ago	1.10 bp	8.7 bp −$9	doesn't fit	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
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	9.1057	−0.079%	$19K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−3.105%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0088%	1h	9.1066	−0.070%	$454	$5	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.0970	−0.175%	$946K	$4.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.1120	−0.010%	$1.0M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.0882	−0.272%	$296K	$570K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.1098	−0.035%	$227.3M	$609.3M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.1060	−0.076%	$102.5M	$108.0M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.1040	−0.098%	$56.2M	$253.4M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.1080	−0.054%	$288K	$619K	10x	as long as short

Show 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	−0.087%	$23.5M	$59.3M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.1090	−0.043%	$49.4M	$25.0M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.1110	−0.021%	$13.6M	$12.9M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.1040	−0.098%	$33.4M	$42.7M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.1040	−0.098%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.0777	−0.387%	$989K	$2.2M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.0819	−0.340%	$4.2M	$4.2M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.0612	−0.568%	$171K	$346K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0730	−0.438%	$634K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0770	−0.394%	$89K	$699K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0830	−0.329%	$58K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.1104	−0.028%	$88K	$411K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.1080	−0.054%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.1164	+0.038%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.1072	−0.063%	$22K	$750K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.1120	−0.010%	$719K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.1130	+0.001%	$27.5M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.0967	−0.178%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.1017	−0.124%	$302K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0907	−0.244%	$32K	—	3x	as long as short
dYdX UNI-USD	+0.0193%	1h	9.0903	−0.249%	$239K	$30K	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.1120	−0.010%	—	$3.6M	75x	as long as short
Kraken Futures PF_UNIUSD	+0.0269%	1h	9.1112	−0.019%	$5.1M	$7.2M	50x	as long as short
Coinbase International UNI-PERP-INTX	+0.0296%	1h	9.1140	+0.012%	$1.1M	$5.0M	50x	as long as short
Reya UNIRUSDPERP	+0.0370%	1h	9.1052	−0.085%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.1062	−0.074%	$648K	—	120x	as long as short
Deribit UNI_USDC-PERPETUALlong	+0.0442%	1h	9.1129	long leg	$587K	$191K	50x
Hyperliquid UNIshort	+0.0548%	1h	9.1239	+0.120%	$99.5M	$59.1M	10x
Lighter UNI	+0.0592%	1h	9.1023	−0.117%	$4.7M	$5.6M	15x	as long as short
Aftermath Perps UNIUSD	+0.0953%	1h	9.1021	−0.118%	$874	$47K	10x	as long as short