UNI

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0144%/8h= −15.7% APRnext payment −$0.18 per $10,000 · paid last 24h +0.160%

Price spread now: Lighter against dYdX+0.118%7-day average +0.150% · you sell dearer than you buy

Net, funding: paid 7d − costs−$60as in the Funding arb table

Net, price: spread back to 7d avg − costs−$73as in the Price arb table

costs, in and out, $10k−$700.697% of the position

Long on dYdX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.098%+$10 on $10k

Price spread, last 4 days (all we have)+0.027%+$3 · spread now +0.118%, 7d avg +0.150%

Together, before fees+0.125%+ Points / potential airdropLighter: Season 3 · farm board+$13 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Lighter is 0.032% cheaper against dYdX than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.150%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.098%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX UNI-USD	8.8660	0.0240	pay 0.0030% / 1h	10m 06s	$233K	$30K	10x
Short	Lighter UNI	8.8765	0.0096	get 0.0012% / 1h	10m 06s	$4.5M	$5.9M	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against dYdX. 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 dYdXbpFee LighterbpOrdersPrice spread, now +0.118%Rate

Funding earned: −$30.14
Price spread: +0.118% → +0.150%: −$3.15
Slippage, 4 orders: −$59.67
Fee dYdX: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$102.97
Costs to cover: 0.697%
Break-even: never at this rate

Slippage from dYdX: live order book, 44 min ago; Lighter: live order book, 3 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 dYdX live order book, 44 min ago	21.54 bp	26.5 bp −$27	28.1 bp −$281	36.1 bp −$3,614	250.0 bp −$125.0K
Sell Lighter live order book, 3 min ago	1.24 bp	3.9 bp −$4	15.6 bp −$156	109.8 bp −$11.0K	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
01 Exchange UNIUSD	−0.0008%	1h	8.8656	−0.005%	$442	$5	10x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0007%	1h	8.8630	−0.034%	$48K	—	150x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0014%	1h	8.8659	−0.001%	$568K	$208K	50x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−0.406%	$660	$154K	12x	as long as short
Lighter UNIshort	+0.0096%	1h	8.8765	+0.118%	$4.5M	$5.9M	15x
Paradex UNI-USD-PERP	+0.0100%	8h	8.8590	−0.080%	$25K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.8625	−0.039%	$861K	$4.5M	10x	as long as short
Hyperliquid UNI	+0.0100%	1h	8.8711	+0.058%	$94.0M	$65.1M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.8710	+0.056%	$774K	$3.6M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.8645	−0.017%	$286K	$612K	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	8.8700	+0.045%	$217.3M	$651.4M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	8.8600	−0.068%	$99.2M	$111.8M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	8.8610	−0.056%	$53.7M	$260.2M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.8720	+0.068%	$318K	$666K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.8640	−0.023%	$23.3M	$65.2M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.8630	−0.034%	$47.0M	$26.3M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.8640	−0.023%	$13.1M	$13.3M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8600	−0.068%	$32.6M	$46.1M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	8.8610	−0.056%	—	$56.8M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8684	+0.027%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	8.8419	−0.272%	$4.1M	$4.2M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8810	+0.169%	$168K	$344K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8650	−0.011%	$616K	$2.8M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8820	+0.180%	$91K	$701K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8580	−0.090%	$15K	$3.4M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.8672	+0.014%	$84K	$458K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8600	−0.068%	$16K	$1.5M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.8682	+0.025%	$36K	$1.4M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.8624	−0.041%	$31K	$816K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.8683	+0.026%	$700K	$4.9M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8690	+0.034%	$26.8M	$4.4M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8578	−0.092%	$284K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8630	−0.034%	$31K	—	3x	as long as short
Coinbase International UNI-PERP-INTX	+0.0216%	1h	8.8650	−0.011%	$918K	$5.8M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.8560	−0.113%	$10.1M	$3.6M	75x	as long as short
dYdX UNI-USDlong	+0.0240%	1h	8.8660	long leg	$233K	$30K	10x
Kraken Futures PF_UNIUSD	+0.0274%	1h	8.8691	+0.035%	$4.8M	$8.2M	50x	as long as short
Reya UNIRUSDPERP	+0.0375%	1h	8.8625	−0.039%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	8.8635	−0.028%	$631K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0726%	1h	8.8942	+0.318%	$892	$45K	10x	as long as short