UNI

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0271%/8h= −29.6% APRnext payment −$0.34 per $10,000 · paid last 24h +0.158%

Price spread now: Injective against Deribit−1.857%7-day average +0.018% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Deribit Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.414%−$41 on $10k

Price spread, last 4 days (all we have)+1.728%+$173 · spread now −1.857%, 7d avg +0.018%

Together, before fees+1.313%+$131 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Injective is 1.874% cheaper against Deribit than usual: you would sell low and buy high (−$187 if the spread goes back to its 7-day average of +0.018%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit UNI_USDC-PERPETUAL	8.9971	0.0304	pay 0.0038% / 1h	31m 24s	$577K	$208K	50x
Short	Injective UNI/USDC PERP	8.8300	0.0033	get 0.0004% / 1h	31m 24s	$660	$154K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Deribit. 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

Position, each leg$Hold fordaysFee DeribitbpFee InjectivebpOrdersPrice spread, now −1.857%Rate

Funding earned: −$56.84
Price spread: −1.857% → +0.018%: −$187.44
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$251.3
Costs to cover: 0.070%
Break-even: never at this rate

Slippage unknown: Deribit: live order book, 22 min ago; Injective: no order-book sample. Net counts fees only.

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, 22 min ago	5.69 bp	10.9 bp −$11	18.6 bp −$186	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	8.9874	−0.108%	$37K	—	150x	as long as short
01 Exchange UNIUSD	+0.0024%	1h	8.9831	−0.155%	$448	$5	10x	as long as short
Injective UNI/USDC PERPshort	+0.0033%	1h	8.8300	−1.857%	$660	$154K	12x
Lighter UNI	+0.0096%	1h	8.9828	−0.159%	$4.5M	$5.9M	15x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.9785	−0.206%	$978K	$4.5M	10x	as long as short
Hyperliquid UNI	+0.0100%	1h	8.9972	+0.001%	$95.9M	$64.0M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.9890	−0.090%	$794K	$3.6M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.9734	−0.263%	$290K	$607K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.9900	−0.079%	$222.0M	$646.4M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	8.9900	−0.079%	$100.9M	$111.9M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX UNI-USDT-SWAP	+0.0100%	8h	8.9880	−0.101%	$54.8M	$262.2M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.9900	−0.079%	$314K	$653K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.9920	−0.056%	$23.9M	$63.9M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.9830	−0.156%	$48.2M	$25.8M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.9870	−0.112%	$13.3M	$13.3M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.9930	−0.045%	$33.4M	$45.5M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.9920	−0.056%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.9737	−0.260%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	8.9719	−0.279%	$4.2M	$4.1M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.0083	+0.125%	$170K	$346K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.9850	−0.134%	$624K	$2.8M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0140	+0.188%	$92K	$703K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.9850	−0.134%	$15K	$3.4M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.9893	−0.086%	$86K	$435K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.9900	−0.079%	$16K	$1.4M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.9956	−0.016%	$37K	$1.4M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.9920	−0.056%	$30K	$817K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.0040	+0.077%	$704K	$4.9M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.9910	−0.067%	$27.2M	$4.4M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.9645	−0.362%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	8.9871	−0.111%	$286K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.9925	−0.051%	$32K	—	3x	as long as short
Coinbase International UNI-PERP-INTX	+0.0216%	1h	8.9810	−0.179%	$940K	$5.8M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.9870	−0.112%	$10.3M	$3.6M	75x	as long as short
Kraken Futures PF_UNIUSD	+0.0270%	1h	8.9982	+0.013%	$4.9M	$8.1M	50x	as long as short
dYdX UNI-USD	+0.0276%	1h	8.9725	−0.273%	$236K	$30K	10x	as long as short
Deribit UNI_USDC-PERPETUALlong	+0.0304%	1h	8.9971	long leg	$577K	$208K	50x
Reya UNIRUSDPERP	+0.0374%	1h	8.9856	−0.127%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	8.9887	−0.093%	$639K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0823%	1h	8.9933	−0.041%	$953	$45K	10x	as long as short