UNI

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0190%/8h= −20.8% APRnext payment −$0.24 per $10,000 · paid last 24h +0.139%

Price spread now: Lighter against Hyperliquid−0.025%7-day average +0.026% · you buy dearer than you sell

Net, funding: paid 7d − costs−$14as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$270.271% of the position

Long on Hyperliquid Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.135%+$13 on $10k

Price spread, last 7 days+0.115%+$12 · spread now −0.025%, 7d avg +0.026%

Together, before fees+0.250%+ Points / potential airdropHyperliquid: Season 2 · Lighter: Season 3 · farm board+$25 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Lighter is 0.051% cheaper against Hyperliquid than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.026%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.135%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid UNI	9.1456	0.0502	pay 0.0063% / 1h	54m 37s	$99.4M	$61.4M	10x
Short	Lighter UNI	9.1433	0.0312	get 0.0039% / 1h	54m 37s	$4.6M	$5.8M	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Hyperliquid. 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 HyperliquidbpFee LighterbpOrdersPrice spread, now −0.025%Rate

Funding earned: −$39.98
Price spread: −0.025% → +0.026%: −$5.11
Slippage, 4 orders: −$18.06
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Lighter: 0 bp × 2 orders: $0
Net: −$72.15
Costs to cover: 0.271%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 9 min ago; Lighter: live order book, 8 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 Hyperliquid live order book, 9 min ago	0.22 bp	8.7 bp −$9	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 8 min ago	1.70 bp	7.3 bp −$7	23.7 bp −$237	134.7 bp −$13.5K	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
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	9.1281	−0.192%	$37K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−3.451%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0056%	1h	9.1281	−0.191%	$455	$5	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.1230	−0.247%	$920K	$4.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.1380	−0.083%	$1.0M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.1273	−0.201%	$298K	$589K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.1290	−0.181%	$225.9M	$625.6M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.1270	−0.203%	$102.5M	$110.6M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.1270	−0.203%	$56.0M	$258.3M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.1320	−0.149%	$289K	$618K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate UNI_USDT	+0.0100%	8h	9.1210	−0.269%	$23.1M	$62.0M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.1230	−0.247%	$49.4M	$25.1M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.1240	−0.236%	$13.7M	$13.1M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.1190	−0.291%	$33.5M	$43.9M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.1210	−0.269%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.1338	−0.129%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.1490	+0.037%	$4.3M	$4.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.0960	−0.542%	$171K	$343K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.1208	−0.271%	$635K	$2.7M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0950	−0.553%	$89K	$694K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.1330	−0.138%	$36K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.1373	−0.091%	$88K	$422K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.1320	−0.149%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.1397	−0.065%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.1306	−0.164%	$22K	$781K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.1561	+0.115%	$720K	$4.5M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.1340	−0.127%	$27.6M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0101%	8h	9.1190	−0.291%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.1191	−0.290%	$301K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.1325	−0.143%	$32K	—	3x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0157%	1h	9.1347	−0.119%	$585K	$193K	50x	as long as short
dYdX UNI-USD	+0.0205%	1h	9.1234	−0.242%	$240K	$30K	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.1270	−0.203%	$10.4M	$3.6M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0248%	1h	9.1340	−0.127%	$1.1M	$5.4M	50x	as long as short
Kraken Futures PF_UNIUSD	+0.0268%	1h	9.1344	−0.122%	$5.1M	$7.8M	50x	as long as short
Lighter UNIshort	+0.0312%	1h	9.1433	−0.025%	$4.6M	$5.8M	15x
Reya UNIRUSDPERP	+0.0371%	1h	9.1219	−0.259%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.1288	−0.184%	$651K	—	120x	as long as short
Hyperliquid UNIlong	+0.0502%	1h	9.1456	long leg	$99.4M	$61.4M	10x
Aftermath Perps UNIUSD	+0.1012%	1h	9.1311	−0.159%	$1K	$46K	10x	as long as short