UNI

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0067%/8h= +7.3% APRnext payment +$0.08 per $10,000 · paid last 24h −0.157%

Price spread now: Backpack against Injective+2.805%72s7-day average −0.108% · you sell dearer than you buy

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

Long on Injective Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days+0.540%+$54 on $10k

Price spread, last 4 days (all we have)−2.977%−$298 · spread now +2.805%, 7d avg −0.108%

Together, before fees−2.437%−$244 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Backpack is 2.913% dearer against Injective than usual: you sell high and buy low: +$291 more if the spread goes back to its 7-day average of −0.108%. The two prices were read 72 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	Injective UNI/USDC PERP	8.8300	0.0033	pay 0.0004% / 1h	45m 29s	$660	$154K	12x
Short	Backpack UNI_USDC_PERP	9.0777	0.0100	get 0.0013% / 1h	45m 29s	$989K	$2.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Injective. 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 InjectivebpFee BackpackbpOrdersPrice spread, now +2.805%Rate

Funding earned: $14
Price spread: +2.805% → −0.108%: $291.3
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Backpack: 5 bp × 2 orders: −$10
Net: $295.28
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; Backpack: live order book, 4 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 Injective no order-book sample	—	—	—	—	—
Sell Backpack live order book, 4 min ago	0.05 bp	9.5 bp −$10	545.9 bp −$5,459	doesn't fit	doesn't fit

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
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	9.0880	+2.922%	$19K	—	150x	as long as short
Injective UNI/USDC PERPlong	+0.0033%	1h	8.8300	long leg	$660	$154K	12x
01 Exchange UNIUSD	+0.0088%	1h	9.1066	+3.133%	$454	$5	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.0970	+3.024%	$946K	$4.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.0876	+2.917%	$1.0M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.0882	+2.924%	$296K	$570K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.1081	+3.150%	$227.2M	$609.3M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.1020	+3.080%	$102.5M	$108.0M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.1060	+3.126%	$56.3M	$253.3M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.1080	+3.148%	$288K	$619K	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	9.1010	+3.069%	$23.4M	$59.3M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.1090	+3.160%	$49.4M	$25.0M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.1110	+3.182%	$13.6M	$12.9M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.1050	+3.114%	$33.4M	$42.7M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.1070	+3.137%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERPshort	+0.0100%	1h	9.0777	+2.805%	$989K	$2.2M	10x
Variational Omni UNI	+0.0100%	8h	9.0819	+2.853%	$4.2M	$4.2M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.0612	+2.619%	$171K	$346K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0730	+2.752%	$634K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0770	+2.797%	$89K	$699K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0830	+2.865%	$58K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.1104	+3.176%	$88K	$411K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.0880	+2.922%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.0855	+2.894%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.0810	+2.843%	$25K	$747K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.0873	+2.914%	$721K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.0730	+2.752%	$27.4M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.0967	+3.020%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.1032	+3.093%	$302K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0766	+2.793%	$32K	—	3x	as long as short
dYdX UNI-USD	+0.0193%	1h	9.0903	+2.947%	$239K	$30K	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.0640	+2.650%	—	$3.6M	75x	as long as short
Kraken Futures PF_UNIUSD	+0.0270%	1h	9.0847	+2.885%	$5.1M	$7.2M	50x	as long as short
Coinbase International UNI-PERP-INTX	+0.0296%	1h	9.0890	+2.933%	$1.1M	$5.0M	50x	as long as short
Reya UNIRUSDPERP	+0.0370%	1h	9.1052	+3.116%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.0898	+2.942%	$647K	—	120x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0489%	1h	9.0958	+3.010%	$586K	$191K	50x	as long as short
Hyperliquid UNI	+0.0548%	1h	9.1239	+3.328%	$99.5M	$59.1M	10x	as long as short
Lighter UNI	+0.0592%	1h	9.1023	+3.084%	$4.7M	$5.6M	15x	as long as short
Aftermath Perps UNIUSD	+0.0953%	1h	9.1021	+3.082%	$874	$47K	10x	as long as short