UNI

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0424%/8h= −46.5% APRnext payment −$0.53 per $10,000 · paid last 24h +0.134%

Price spread now: Injective against Hyperliquid−1.712%93s7-day average — · you buy dearer than you sell

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

Long on Hyperliquid Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.694%−$69 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and Injective is 1.712% cheaper against Hyperliquid than usual: you would sell low and buy high (−$171 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 93 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid UNI	8.9838	0.0458	pay 0.0057% / 1h	1m 36s	$98.8M	$59.4M	10x
Short	Injective UNI/USDC PERP	8.8300	0.0033	get 0.0004% / 1h	1m 36s	$660	$155K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Hyperliquid. 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 HyperliquidbpFee InjectivebpOrdersPrice spread, now −1.712%Rate

Funding earned: −$89.1
Price spread: −1.712% → 0.000%: −$171.2
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$269.32
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 12 min ago; Injective: no order-book sample. 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 Hyperliquid live order book, 12 min ago	0.06 bp	7.0 bp −$7	doesn't fit	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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	−0.0030%	8h	8.9413	−0.473%	$4.0M	$4.6M	—	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	8.9704	−0.149%	$62K	—	150x	as long as short
Bybit UNIUSDT	+0.0026%	8h	8.9630	−0.232%	$102.4M	$105.0M	75x	as long as short
Injective UNI/USDC PERPshort	+0.0033%	1h	8.8300	−1.712%	$660	$155K	12x
OKX UNI-USDT-SWAP	+0.0063%	8h	8.9600	−0.265%	$55.4M	$247.9M	50x	as long as short
01 Exchange UNIUSD	+0.0088%	1h	8.9783	−0.061%	$448	—	10x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.9775	−0.070%	$26K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.9607	−0.257%	$949K	$4.1M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.9795	−0.048%	$1.0M	$3.3M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.9824	−0.016%	$299K	$584K	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	8.9685	−0.171%	$220.7M	$592.4M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.9800	−0.042%	$277K	$621K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.9780	−0.065%	$23.1M	$59.1M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.9820	−0.020%	$43.3M	$24.7M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.9740	−0.109%	$13.7M	$13.8M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.9670	−0.187%	$32.6M	$41.4M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	8.9710	−0.142%	—	$51.7M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.9757	−0.090%	$998K	$2.3M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.9542	−0.329%	$168K	$344K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.9616	−0.247%	$628K	$2.5M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.9540	−0.332%	$88K	$713K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.9660	−0.198%	$107K	$3.2M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.9688	−0.167%	$87K	$356K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.9680	−0.176%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.9752	−0.096%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.9724	−0.127%	$25K	$663K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.9860	+0.024%	$735K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.9700	−0.154%	$27.0M	$4.4M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.9673	−0.184%	$303K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.9842	+0.004%	$32K	$1K	3x	as long as short
dYdX UNI-USD	+0.0111%	1h	8.9800	−0.042%	$249K	$6K	10x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0208%	1h	8.9740	−0.109%	$570K	$157K	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.9480	−0.398%	$9.9M	$3.4M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0224%	1h	8.9730	−0.120%	$1.1M	$5.4M	50x	as long as short
Kraken Futures PF_UNIUSD	+0.0337%	1h	8.9770	−0.076%	$5.0M	$7.0M	50x	as long as short
Reya UNIRUSDPERP	+0.0363%	1h	8.9630	−0.232%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0380% / S −0.0320%	1h	8.9687	−0.168%	$563K	—	120x	as long as short
Hyperliquid UNIlong	+0.0458%	1h	8.9838	long leg	$98.8M	$59.4M	10x
Aftermath Perps UNIUSD	+0.0677%	1h	8.9556	−0.314%	$1K	$49K	10x	as long as short
Lighter UNI	+0.0680%	1h	8.9923	+0.095%	$4.6M	$5.2M	15x	as long as short