UNI

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0536%/8h= +58.7% APRnext payment +$0.67 per $10,000 · paid last 24h +0.174%

Price spread now: Lighter against Deribit+0.150%7-day average +0.107% · you sell dearer than you buy

Net, funding: paid 7d − costs−$10as in the Funding arb table

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$490.487% of the position

Long on Deribit Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.386%+$39 on $10k

Price spread, last 3 days (all we have)−0.311%−$31 · spread now +0.150%, 7d avg +0.107%

Together, before fees+0.075%+ Points / potential airdropLighter: Season 3 · farm board+$8 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Lighter is 0.043% dearer against Deribit than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.107%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit UNI_USDC-PERPETUAL	8.8567	0	get 0.0000% / 1h	34m 11s	$553K	$125K	50x
Short	Lighter UNI	8.8700	0.0536	get 0.0067% / 1h	34m 11s	$4.5M	$5.4M	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.150%Rate

Funding earned: $112.56
Price spread: +0.150% → +0.107%: $4.3
Slippage, 4 orders: −$41.65
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Lighter: 0 bp × 2 orders: $0
Net: $68.21
Costs to cover: 0.487%
Break-even: 2.8 days

Slippage from Deribit: live order book, 54 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 Deribit live order book, 54 min ago	5.99 bp	17.2 bp −$17	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 4 min ago	1.64 bp	3.5 bp −$4	9.4 bp −$94	99.1 bp −$9,910	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	−0.0185%	8h	8.8292	−0.311%	$3.9M	$4.6M	—	as long as short
Bybit UNIUSDT	−0.0156%	8h	8.8510	−0.064%	$102.3M	$104.5M	75x	as long as short
01 Exchange UNIUSD	0.0000%	1h	8.8567	0.000%	$442	—	10x	as long as short
Deribit UNI_USDC-PERPETUALlong	0.0000%	1h	8.8567	long leg	$553K	$125K	50x
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0006%	1h	8.8540	−0.030%	$80K	—	150x	as long as short
OKX UNI-USDT-SWAP	+0.0013%	8h	8.8510	−0.064%	$54.4M	$245.6M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8517	−0.056%	$25K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.8510	−0.064%	$848K	$3.9M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.8611	+0.050%	$1.0M	$3.4M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.8575	+0.009%	$296K	$561K	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	8.8540	−0.031%	$216.6M	$593.5M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.8610	+0.048%	$273K	$612K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.8530	−0.042%	$23.0M	$59.1M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.8520	−0.053%	$42.9M	$24.5M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.8520	−0.053%	$13.8M	$13.7M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8500	−0.076%	$32.0M	$41.0M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.8530	−0.042%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8551	−0.018%	$984K	$2.3M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8350	−0.245%	$166K	$342K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8428	−0.157%	$618K	$2.5M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8490	−0.087%	$84K	$712K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8560	−0.008%	$105K	$3.2M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.8555	−0.014%	$87K	$323K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8510	−0.064%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.8564	−0.004%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.8505	−0.070%	$25K	$661K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.8657	+0.102%	$724K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8550	−0.019%	$26.7M	$4.3M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8468	−0.112%	$298K	$1.4M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8528	−0.044%	$31K	$1K	3x	as long as short
dYdX UNI-USD	+0.0104%	1h	8.8586	+0.021%	$245K	$5K	10x	as long as short
Coinbase International UNI-PERP-INTX	+0.0200%	1h	8.8640	+0.082%	$1.0M	$5.3M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.8480	−0.098%	$9.8M	$3.3M	75x	as long as short
Kraken Futures PF_UNIUSD	+0.0269%	1h	8.8584	+0.019%	$4.9M	$7.1M	50x	as long as short
Hyperliquid UNI	+0.0308%	1h	8.8633	+0.074%	$96.4M	$59.8M	10x	as long as short
Reya UNIRUSDPERP	+0.0360%	1h	8.8493	−0.083%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0379% / S −0.0320%	1h	8.8532	−0.039%	$555K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0475%	1h	8.8525	−0.047%	$1K	$50K	10x	as long as short
Lighter UNIshort	+0.0536%	1h	8.8700	+0.150%	$4.5M	$5.4M	15x
Injective UNI/USDC PERP	+0.2702%	1h	8.7900	−0.753%	$657	$97K	12x	as long as short