UNI

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0014%/8h= +1.5% APRnext payment +$0.02 per $10,000 · paid last 24h +0.009%

Price spread now: Pacifica against Deribit−0.068%7-day average −0.036% · you buy dearer than you sell

Net, funding: paid 7d − costs−$29as in the Funding arb table

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

costs, in and out, $10k−$400.405% of the position

Long on Deribit Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.118%+$12 on $10k

Price spread, last 3 days (all we have)−0.115%−$11 · spread now −0.068%, 7d avg −0.036%

Together, before fees+0.003%+ Points / potential airdropPacifica: Active · farm board$0 on $10k · with fees, hour by hour

Funding pays, the price is against you. Pacifica is 0.032% cheaper against Deribit than usual: you would sell low and buy high (spread −0.068% now, against its 7-day average of −0.036%). If the spread goes back, that is −$3 on $10k: about 7.6 days of funding at the current rate ($0 a day). At the pace of the last 7 days (+0.118% in total) that is about 45 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit UNI_USDC-PERPETUAL	8.9685	0.0086	pay 0.0011% / 1h	9m 45s	$577K	$177K	50x
Short	Pacifica UNI	8.9624	0.0100	get 0.0013% / 1h	9m 45s	$296K	$591K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.068%Rate

Funding earned: $2.94
Price spread: −0.068% → −0.036%: −$3.18
Slippage, 4 orders: −$25.46
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$40.7
Costs to cover: 0.405%
Break-even: 103.9 days

Slippage from Deribit: live order book, 4 min ago; Pacifica: 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, 4 min ago	7.01 bp	11.5 bp −$11	19.3 bp −$193	doesn't fit	doesn't fit
Sell Pacifica live order book, 4 min ago	1.67 bp	8.5 bp −$8	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
Injective UNI/USDC PERP	−0.0049%	1h	8.8300	−1.544%	$660	$155K	12x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	8.9645	−0.045%	$62K	—	150x	as long as short
Variational Omni UNI	+0.0082%	8h	8.9422	−0.293%	$4.1M	$4.4M	—	as long as short
OKX UNI-USDT-SWAP	+0.0085%	8h	8.9570	−0.128%	$54.8M	$248.9M	50x	as long as short
Deribit UNI_USDC-PERPETUALlong	+0.0086%	1h	8.9685	long leg	$577K	$177K	50x
Nado UNI-PERP	+0.0100%	1h	8.9642	−0.047%	$956K	$4.2M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.9710	+0.028%	$1.0M	$3.3M	50x	as long as short
Pacifica UNIshort	+0.0100%	1h	8.9624	−0.068%	$296K	$591K	10x
Binance UNIUSDT	+0.0100%	8h	8.9632	−0.059%	$221.9M	$591.4M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	8.9570	−0.128%	$101.3M	$105.4M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus UNI-USD	+0.0100%	1h	8.9820	+0.151%	$270K	$614K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.9610	−0.083%	$22.8M	$59.2M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.9610	−0.083%	$43.7M	$24.1M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.9620	−0.072%	$13.6M	$13.5M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.9600	−0.094%	$32.7M	$42.0M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.9630	−0.061%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.9691	+0.007%	$1.1M	$2.4M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.9828	+0.159%	$169K	$342K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.9580	−0.117%	$630K	$2.5M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.9890	+0.229%	$88K	$710K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.9520	−0.184%	$36K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.9742	+0.064%	$85K	$366K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.9630	−0.061%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.9780	+0.106%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.9633	−0.058%	$21K	$676K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.9860	+0.195%	$719K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.9610	−0.083%	$27.0M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.9564	−0.135%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	8.9598	−0.097%	$302K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.9657	−0.031%	$32K	$1K	3x	as long as short
01 Exchange UNIUSD	+0.0168%	1h	8.9776	+0.102%	$448	—	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.9480	−0.228%	$10.0M	$3.5M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0232%	1h	8.9720	+0.039%	$1.1M	$5.4M	50x	as long as short
dYdX UNI-USD	+0.0312%	1h	8.9645	−0.045%	$248K	$6K	10x	as long as short
Reya UNIRUSDPERP	+0.0365%	1h	8.9616	−0.076%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0323%	1h	8.9617	−0.076%	$567K	—	120x	as long as short
Hyperliquid UNI	+0.0467%	1h	8.9732	+0.053%	$98.3M	$59.5M	10x	as long as short
Kraken Futures PF_UNIUSD	+0.0564%	1h	8.9680	−0.005%	$5.0M	$7.0M	50x	as long as short
Aftermath Perps UNIUSD	+0.0864%	1h	8.9773	+0.098%	$1K	$49K	10x	as long as short
Lighter UNI	+0.0920%	1h	8.9829	+0.161%	$4.6M	$5.3M	15x	as long as short