UNI

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0220%/8h= −24.1% APRnext payment −$0.28 per $10,000 · paid last 24h +0.005%

Price spread now: SoDEX against Deribit−0.044%7-day average −0.057% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$450.446% of the position

Long on Deribit Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.029%−$3 on $10k

Price spread, last 4 days (all we have)−0.020%−$2 · spread now −0.044%, 7d avg −0.057%

Together, before fees−0.049%−$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.057%, so right now this pair is about funding alone: −$7 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.029% in total (about -3.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.28 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit UNI_USDC-PERPETUAL	9.1299	0.0320	pay 0.0040% / 1h	34m 27s	$587K	$192K	50x
Short	SoDEX UNI-USD	9.1259	0.0100	get 0.0013% / 1h	34m 27s	$22K	$760K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.044%Rate

Funding earned: −$46.2
Price spread: −0.044% → −0.057%: $1.27
Slippage, 4 orders: −$29.62
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$89.55
Costs to cover: 0.446%
Break-even: never at this rate

Slippage from Deribit: live order book, 29 min ago; SoDEX: live order book, 29 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, 29 min ago	7.07 bp	10.7 bp −$11	20.2 bp −$202	doesn't fit	doesn't fit
Sell SoDEX live order book, 29 min ago	0.54 bp	9.4 bp −$9	28.9 bp −$289	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 −0.0008%	1h	9.0945	−0.388%	$28K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−3.285%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0064%	1h	9.0930	−0.404%	$454	$5	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.0865	−0.475%	$948K	$4.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.1050	−0.272%	$1.0M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.0931	−0.403%	$296K	$568K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.0920	−0.415%	$226.4M	$609.4M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.0890	−0.448%	$102.1M	$107.8M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.0840	−0.503%	$56.1M	$252.1M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.0960	−0.371%	$288K	$614K	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	9.0850	−0.492%	$23.5M	$59.6M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0940	−0.393%	$49.2M	$25.1M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0960	−0.371%	$13.6M	$12.9M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0850	−0.492%	$33.3M	$42.6M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.0910	−0.426%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.1219	−0.088%	$991K	$2.2M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.1137	−0.177%	$4.2M	$4.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.0550	−0.821%	$171K	$345K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0749	−0.602%	$631K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0620	−0.744%	$89K	$694K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.1340	+0.045%	$40K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.0914	−0.422%	$88K	$412K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.1220	−0.087%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.1379	+0.088%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USDshort	+0.0100%	1h	9.1259	−0.044%	$22K	$760K	10x
HTX UNI-USDT	+0.0100%	8h	9.1417	+0.129%	$713K	$4.4M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.1270	−0.032%	$27.6M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.0867	−0.474%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0803	−0.543%	$303K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.1234	−0.072%	$32K	—	3x	as long as short
dYdX UNI-USD	+0.0111%	1h	9.0932	−0.402%	$239K	$30K	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.1220	−0.087%	$10.5M	$3.6M	75x	as long as short
Kraken Futures PF_UNIUSD	+0.0269%	1h	9.1323	+0.026%	$5.1M	$7.3M	50x	as long as short
Coinbase International UNI-PERP-INTX	+0.0296%	1h	9.1300	+0.001%	$1.1M	$5.1M	50x	as long as short
Deribit UNI_USDC-PERPETUALlong	+0.0320%	1h	9.1299	long leg	$587K	$192K	50x
Reya UNIRUSDPERP	+0.0370%	1h	9.0874	−0.466%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.0959	−0.373%	$647K	—	120x	as long as short
Hyperliquid UNI	+0.0525%	1h	9.1037	−0.287%	$98.7M	$59.7M	10x	as long as short
Lighter UNI	+0.0544%	1h	9.1020	−0.306%	$4.7M	$5.6M	15x	as long as short
Aftermath Perps UNIUSD	+0.0964%	1h	9.0997	−0.331%	$883	$47K	10x	as long as short