Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0852%/8h= +93.3% APRpaid last 24h +0.175%

Price spread now: Lighter against Gate+0.157%7-day average +0.121% · you sell dearer than you buy

Net, funding: paid 7d − costs+$2as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$370.371% of the position

Long on Gate Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.389%+$39 on $10k

Price spread, last 7 days+0.027%+$3 · spread now +0.157%, 7d avg +0.121%

Together, before fees+0.415%+ Points / potential airdropLighter: Season 3 · farm board+$42 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$26 a day on $10k at the current rate, and Lighter is 0.036% dearer against Gate than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.121%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.389% in total (about 20.3% a year). A funding rate is set anew for every payment. 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	Gate UNI_USDT	9.0010	0.0100	pay 0.0100% / 8h	31m 38s	$23.0M	$58.7M	75x
Short	Lighter UNI	9.0151	0.0952	get 0.0119% / 1h	31m 38s	$4.6M	$5.2M	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Gate. 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 GatebpFee LighterbpOrdersPrice spread, now +0.157%Rate

Funding earned: $178.92
Price spread: +0.157% → +0.121%: $3.61
Slippage, 4 orders: −$22.13
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Lighter: 0 bp × 2 orders: $0
Net: $145.41
Costs to cover: 0.371%
Break-even: 1.3 days

Slippage from Gate: live order book, 2 min ago; Lighter: live order book, 6 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 Gate live order book, 2 min ago	0.56 bp	14.1 bp −$14	25.9 bp −$259	47.4 bp −$4,744	70.2 bp −$35.1K
Sell Lighter live order book, 6 min ago	0.83 bp	0.9 bp −$1	5.3 bp −$53	89.3 bp −$8,925	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	−1.900%	$660	$155K	12x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	8.9997	−0.014%	$62K	—	150x	as long as short
Variational Omni UNI	+0.0033%	8h	9.0185	+0.194%	$4.1M	$4.4M	—	as long as short
dYdX UNI-USD	+0.0041%	1h	8.9988	−0.024%	$249K	$6K	10x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0060%	1h	8.9965	−0.049%	$579K	$176K	50x	as long as short
Bybit UNIUSDT	+0.0079%	8h	8.9950	−0.067%	$102.2M	$105.0M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0089%	8h	8.9930	−0.089%	$55.2M	$249.1M	50x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.0035	+0.028%	$951K	$4.2M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.0036	+0.029%	$1.0M	$3.3M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.9991	−0.021%	$298K	$591K	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	8.9983	−0.030%	$222.5M	$589.6M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.0070	+0.067%	$278K	$620K	10x	as long as short
Gate UNI_USDTlong	+0.0100%	8h	9.0010	long leg	$23.0M	$58.7M	75x
MEXC UNI_USDT	+0.0100%	8h	8.9980	−0.033%	$43.7M	$24.0M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.9990	−0.022%	$13.7M	$13.5M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.9960	−0.056%	$32.9M	$42.0M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.9980	−0.033%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.9997	−0.014%	$1.0M	$2.4M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.0357	+0.385%	$170K	$343K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0280	+0.300%	$638K	$2.5M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0110	+0.111%	$88K	$714K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0340	+0.367%	$36K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.0030	+0.022%	$87K	$361K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.9940	−0.078%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.0000	−0.011%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.9920	−0.100%	$25K	$674K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.0075	+0.072%	$735K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.9940	−0.078%	$27.1M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.9931	−0.088%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	8.9959	−0.056%	$303K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.9955	−0.061%	$32K	$1K	3x	as long as short
01 Exchange UNIUSD	+0.0192%	1h	9.0149	+0.154%	$450	—	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.0200	+0.211%	$10.1M	$3.5M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0232%	1h	9.0030	+0.022%	$1.1M	$5.4M	50x	as long as short
Reya UNIRUSDPERP	+0.0364%	1h	8.9966	−0.049%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0380% / S −0.0320%	1h	8.9988	−0.025%	$567K	—	120x	as long as short
Kraken Futures PF_UNIUSD	+0.0563%	1h	8.9967	−0.048%	$5.0M	$7.0M	50x	as long as short
Hyperliquid UNI	+0.0573%	1h	9.0088	+0.087%	$98.8M	$59.0M	10x	as long as short
Aftermath Perps UNIUSD	+0.0797%	1h	9.0257	+0.275%	$1K	$49K	10x	as long as short
Lighter UNIshort	+0.0952%	1h	9.0151	+0.157%	$4.6M	$5.2M	15x