TxFlow Level Up: trade perps and earn up to 300 USDC at $4M volume. Until Nov 2 Join
Settings8H · net · $10k
LanguageThe language of the site
ThemeDark, or a soft blue-grey
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
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Funding arb · Price arb / Crypto

UNI

All UNI markets →
Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
GMXUNI/USD [UNI-USDC]
6.4295L +0.0354S −0.0323pay 0.0044% / 1h51m 43s$351K$601K60xLong GMX5% off
SHORT
Lighter RHUNI
6.4410+0.0096get 0.0012% / 1h51m 43s$238K$490K15xShort Lighter RH+10% pts
Price gap+0.179%
Funding gap−0.0258% /8h

The gap pays +$10 on $10k if it goes back to its 7d average, but funding costs $8 a day and eats that in about 32 hours.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding−$34−0.0258% /8h now · paid −0.343% over the last 7D
Price+$10spread +0.179% now, avg +0.077% → +0.102% if it goes back
Costsno datano order book for GMX
Result, before costs−$24−0.24%+ Points / potential airdropLighter RH: Points live · farm boardcosts unknown: no order book for GMX · What the last 7D really paid, hour by hour → backtest

Price and funding

1h · history
PRICE SPREAD · 7D
Now+0.179%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

UNI on 46 exchanges

lowest funding first

Before you open

4 ok · 1 to watch
  • Note: Order book unknown—
    No order-book sample for GMX: its slippage is not counted.
  • Note: Margin at max leverage$167 + $666
    GMX 60x, Lighter RH 15x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • OK: Same payment interval1h / 1h
    Both legs pay at the same time.
    Next 24h at the current rates, on $10k a leg: −$7.73Long GMX: 24 payments, −$10.61; short Lighter RH: 24 payments, +$2.88.
  • OK: Entry gap works for you+0.179% vs +0.077%
    You short the dearer leg. If the gap goes back to average, the short gains.
  • Watch: Short leg is thinner$238K vs $351K OI
    Lighter RH sets your exit cost. Check its book before closing.
  • OK: Points on a legLighter RH Points live
    Volume here counts toward the points program.
  • OK: No KYC on either legGMX No · Lighter RH No
    Both exchanges let you trade without ID.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned−0.0178%/8h × 21 periods−$37.33
Price spread+0.179% → +0.077% (7d avg)+$10.18
Slippage, 4 ordersno data for GMX—
Fee GMX bp × 2 orders−$12.00
Fee Lighter RH bp × 2 orders$0.00
Net, fees only · 7 days · $10k−$39.15
Costs to cover0.120%Break-evennever at this rate
Slippage: GMX: no order-book sample; Lighter RH: live order book, 39 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGGMX—————
SELL · SHORTLighter RH8.588.6 bp−$926.6 bp−$266doesn’t fitdoesn’t fit

Closing costs about the same again.
GMX: no data.

Alert

UNI news

posts that mention UNI, from every exchangeSearch all news →
10-28 12:02BitgetTokenBitget PoolX is listing Bitget BTC $BGBTC! Lock $BGBTC to share 7,100 UNI airdrop Details. @bitget on X ↗
10-23 14:30Lighter RHListingnew market UNI ($UNI) seen by our collector
10-23 09:05ReyaListingnew market UNIRUSDPERP ($UNI) seen by our collector
10-19 17:41PhoenixListingJUST IN: $UNI is listed as the first DeFi protocol with futures on @CMEGroup. @PhoenixTrade on X ↗
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10-02 15:40PerplListingYou can now trade $UNI with up to 3x leverage @perpltrade on X ↗