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Funding arb · Price arb /

UNI

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 23:00 UTC+0.0424%/8h= +46.4% APRnext payment +$0.53 per $10,000 · paid last 24h +0.168%
Price spread now: Lighter against Extended+0.093%7-day average +0.142% · you sell dearer than you buy
Net, funding: paid 7d − costs+$3as in the Funding arb table
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$200.198% of the position
Long on ExtendedShort on Lighter
What this pair did over the last
the charts below follow
Funding, last 7 days+0.231%+$23 on $10k
Price spread, last 7 days+0.082%+$8 · spread now +0.093%, 7d avg +0.142%
Together, before fees+0.313%+ Points / potential airdropExtended: Active · Lighter: Season 3 · farm board+$31 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter is 0.049% cheaper against Extended than usual: you would sell low and buy high (spread +0.093% now, against its 7-day average of +0.142%). If the spread goes back, that is −$5 on $10k: about 9 hours of funding at the current rate (+$13 a day). At the pace of the last 7 days (+0.231% in total) that is about 36 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.231% in total (about 12.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.53 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended UNI-USD8.83620.0104pay 0.0013% / 1h42m 42s$300K$1.5M25x
ShortLighter UNI8.84440.0528get 0.0066% / 1h42m 42s$4.5M$5.2M15x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter against Extended. 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

Funding earned
$89.04
Price spread: +0.093% → +0.142%
−$4.91
Slippage, 4 orders
−$14.79
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Lighter: 0 bp × 2 orders
$0
Net
$64.34
Costs to cover
0.198%
Break-even
1.9 days
Slippage from Extended: live order book, 1 min ago; Lighter: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Extended live order book, 1 min ago0.06 bp4.4 bp −$49.1 bp −$91doesn't fitdoesn't fit
Sell Lighter live order book, 5 min ago1.14 bp3.5 bp −$312.8 bp −$128110.3 bp −$11.0Kdoesn't fit

UNI on 40 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni UNI−0.0078%8h8.7827−0.606%$3.9M$4.7M—as long as short
Bybit UNIUSDT−0.0030%8h8.8230−0.150%$100.8M$104.5M75xas long as short
gTrade (Gains Network) UNI/USDL +0.0004% / S −0.0006%1h8.8249−0.128%$79K—150xas long as short
Injective UNI/USDC PERP+0.0033%1h8.7900−0.523%$657$96K12xas long as short
OKX UNI-USDT-SWAP+0.0034%8h8.8230−0.150%$54.7M$243.4M50xas long as short
01 Exchange UNIUSD+0.0040%1h8.8244−0.134%$440—10xas long as short
Deribit UNI_USDC-PERPETUAL+0.0080%1h8.8288−0.084%$562K$157K50xas long as short
Paradex UNI-USD-PERP+0.0100%8h8.8231−0.149%$25K—20xas long as short
Nado UNI-PERP+0.0100%1h8.8142−0.249%$858K$3.9M10xas long as short
Aster UNIUSDT+0.0100%8h8.8416+0.060%$1.0M$3.4M50xas long as short
Show all 40 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica UNI+0.0100%1h8.8298−0.072%$297K$579K10xas long as short
Binance UNIUSDT+0.0100%8h8.8265−0.110%$216.8M$589.3M75xas long as short
Arcus UNI-USD+0.0100%1h8.8330−0.037%$272K$606K10xas long as short
Gate UNI_USDT+0.0100%8h8.8390+0.031%$23.0M$58.3M75xas long as short
MEXC UNI_USDT+0.0100%8h8.8260−0.116%$42.5M$24.4M200xas long as short
KuCoin UNIUSDTM+0.0100%8h8.8350−0.014%$13.6M$13.8M75xas long as short
Bitget UNIUSDT+0.0100%8h8.8230−0.150%$32.0M$41.3M75xas long as short
BingX UNI-USDC+0.0100%8h8.8230−0.150%—$6.5M—as long as short
Backpack UNI_USDC_PERP+0.0100%1h8.83620.000%$980K$2.3M10xas long as short
edgeX UNIUSDC+0.0100%4h8.7992−0.419%$165K$345K20xas long as short
GRVT UNI_USDT_Perp+0.0100%8h8.8080−0.319%$622K$2.5M10xas long as short
ApeX Omni UNIUSDT+0.0100%1h8.8030−0.376%$87K$714K50xas long as short
StandX UNI-USD+0.0100%1h8.8160−0.229%$105K$3.2M20xas long as short
Polymarket Perps UNI-USD+0.0100%1h8.8242−0.136%$87K$350K10xas long as short
Orderly PERP_UNI_USDC+0.0100%8h8.8230−0.150%$16K$1.7M10xas long as short
SunX UNI-USDT+0.0100%8h8.8187−0.198%$36K$1.3M30xas long as short
SoDEX UNI-USD+0.0100%1h8.8247−0.130%$25K$668K10xas long as short
HTX UNI-USDT+0.0100%8h8.8366+0.004%$726K$4.3M75xas long as short
Phemex UNIUSDT+0.0100%8h8.8210−0.172%$26.6M$4.5M50xas long as short
Extended UNI-USDlong+0.0104%1h8.8362long leg$300K$1.5M25x
Aevo UNI-PERP+0.0104%1h8.8240−0.138%$31K$1K3xas long as short
dYdX UNI-USD+0.0147%1h8.8258−0.118%$244K$6K10xas long as short
BloFin UNI-USDT+0.0220%8h8.8280−0.093%$9.8M$3.3M75xas long as short
Coinbase International UNI-PERP-INTX+0.0224%1h8.8280−0.093%$1.0M$5.2M50xas long as short
Hyperliquid UNI+0.0331%1h8.8471+0.123%$96.8M$59.6M10xas long as short
Kraken Futures PF_UNIUSD+0.0343%1h8.8293−0.079%$4.9M$6.9M50xas long as short
Reya UNIRUSDPERP+0.0361%1h8.8235−0.144%$16K—20xas long as short
GMX UNI/USD [UNI-USDC]L +0.0379% / S −0.0319%1h8.8236−0.143%$552K—120xas long as short
Lighter UNIshort+0.0528%1h8.8444+0.093%$4.5M$5.2M15x
Aftermath Perps UNIUSD+0.0610%1h8.8013−0.395%$1K$49K10xas long as short