UNI

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0157%/8h= +17.1% APRnext payment +$0.20 per $10,000 · paid last 24h +0.131%

Price spread now: Lighter against GMX+0.311%7-day average +0.125% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on GMX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.047%+$5 on $10k

Price spread, last 3 days (all we have)−0.173%−$17 · spread now +0.311%, 7d avg +0.125%

Together, before fees−0.126%+ Points / potential airdropLighter: Season 3 · farm board−$13 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Lighter is 0.187% dearer against GMX than usual: you sell high and buy low: +$19 more if the spread goes back to its 7-day average of +0.125%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX UNI/USD [UNI-USDC]	8.8689	L +0.0379% / S −0.0320%	pay 0.0047% / 1h	31m 44s	$556K	—	120x
Short	Lighter UNI	8.8965	0.0536	get 0.0067% / 1h	31m 44s	$4.5M	$5.4M	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against GMX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 GMXbpFee LighterbpOrdersPrice spread, now +0.311%Rate

Funding earned: $32.88
Price spread: +0.311% → +0.125%: $18.67
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: $39.54
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: GMX: no order-book sample; Lighter: live order book, 6 min ago. Net counts fees only.

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 GMX no order-book sample	—	—	—	—	—
Sell Lighter live order book, 6 min ago	1.64 bp	3.5 bp −$4	9.4 bp −$94	99.1 bp −$9,910	doesn't fit

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Variational Omni UNI	−0.0185%	8h	8.8292	−0.448%	$3.9M	$4.6M	—	as long as short
Bybit UNIUSDT	−0.0147%	8h	8.8780	+0.103%	$101.8M	$105.3M	75x	as long as short
01 Exchange UNIUSD	0.0000%	1h	8.8730	+0.046%	$443	—	10x	as long as short
Deribit UNI_USDC-PERPETUAL	0.0000%	1h	8.8714	+0.029%	$561K	$134K	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0006%	1h	8.8687	−0.002%	$80K	—	150x	as long as short
OKX UNI-USDT-SWAP	+0.0013%	8h	8.8740	+0.058%	$54.5M	$246.5M	50x	as long as short
dYdX UNI-USD	+0.0093%	1h	8.8781	+0.104%	$246K	$5K	10x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8776	+0.098%	$25K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.8655	−0.038%	$845K	$3.9M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.8813	+0.139%	$1.0M	$3.4M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica UNI	+0.0100%	1h	8.8806	+0.132%	$297K	$561K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.8800	+0.125%	$217.2M	$594.1M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.8890	+0.227%	$274K	$612K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.8760	+0.080%	$23.1M	$59.1M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.8800	+0.125%	$43.0M	$24.5M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.8790	+0.114%	$13.8M	$13.7M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8730	+0.046%	$32.2M	$41.3M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	8.8770	+0.091%	—	$49.9M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8710	+0.024%	$985K	$2.3M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8490	−0.225%	$166K	$343K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8615	−0.083%	$619K	$2.5M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8490	−0.224%	$84K	$712K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8850	+0.182%	$105K	$3.2M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.8701	+0.014%	$87K	$323K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8670	−0.021%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.8743	+0.061%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.8658	−0.035%	$25K	$661K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.8851	+0.183%	$725K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8650	−0.044%	$26.7M	$4.3M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8748	+0.066%	$301K	$1.4M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8675	−0.016%	$31K	$1K	3x	as long as short
Coinbase International UNI-PERP-INTX	+0.0200%	1h	8.8870	+0.204%	$1.0M	$5.3M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.8710	+0.024%	$9.8M	$3.3M	75x	as long as short
Kraken Futures PF_UNIUSD	+0.0268%	1h	8.8684	−0.005%	$5.0M	$7.1M	50x	as long as short
Hyperliquid UNI	+0.0301%	1h	8.8899	+0.237%	$96.7M	$59.9M	10x	as long as short
Reya UNIRUSDPERP	+0.0360%	1h	8.8663	−0.029%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]long	L +0.0379% / S −0.0320%	1h	8.8689	long leg	$556K	—	120x
Aftermath Perps UNIUSD	+0.0485%	1h	8.8620	−0.078%	$1K	$50K	10x	as long as short
Lighter UNIshort	+0.0536%	1h	8.8965	+0.311%	$4.5M	$5.4M	15x
Injective UNI/USDC PERP	+0.2702%	1h	8.7900	−0.890%	$657	$97K	12x	as long as short