UNI

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0150%/8h= +16.4% APRnext payment +$0.19 per $10,000 · paid last 24h −0.164%

Price spread now: Deribit against Injective+4.257%7-day average −0.096% · you sell dearer than you buy

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

Long on Injective Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.438%+$44 on $10k

Price spread, last 4 days (all we have)−3.653%−$365 · spread now +4.257%, 7d avg −0.096%

Together, before fees−3.215%−$322 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Deribit is 4.353% dearer against Injective than usual: you sell high and buy low: +$435 more if the spread goes back to its 7-day average of −0.096%.

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	15m 20s	$660	$154K	12x
Short	Deribit UNI_USDC-PERPETUAL	9.2059	0.0183	get 0.0023% / 1h	15m 20s	$590K	$193K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +4.257%Rate

Funding earned: $31.43
Price spread: +4.257% → −0.096%: $435.3
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $459.71
Costs to cover: 0.070%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; Deribit: live order book, 48 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 Deribit live order book, 48 min ago	7.07 bp	15.1 bp −$15	24.3 bp −$243	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 −0.0006%	1h	9.1967	+4.153%	$49K	—	150x	as long as short
Injective UNI/USDC PERPlong	+0.0033%	1h	8.8300	long leg	$660	$154K	12x
01 Exchange UNIUSD	+0.0056%	1h	9.2008	+4.199%	$459	$5	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.2020	+4.213%	$949K	$4.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.2036	+4.231%	$1.0M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.1856	+4.027%	$299K	$573K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.1986	+4.174%	$228.7M	$620.0M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.1970	+4.156%	$103.4M	$109.6M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.1980	+4.168%	$56.9M	$258.2M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.2100	+4.304%	$292K	$614K	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	9.1950	+4.134%	$23.6M	$61.7M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.2040	+4.236%	$49.2M	$25.3M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.2060	+4.258%	$13.8M	$12.9M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.1930	+4.111%	$33.6M	$43.3M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	9.1960	+4.145%	—	$56.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.1947	+4.130%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.2057	+4.255%	$4.3M	$4.2M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.2667	+4.946%	$175K	$345K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.2320	+4.553%	$647K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.2680	+4.960%	$90K	$694K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.2140	+4.349%	$51K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.2044	+4.240%	$88K	$418K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.2020	+4.213%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.2078	+4.279%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.1938	+4.120%	$22K	$772K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.2200	+4.417%	$725K	$4.4M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.2090	+4.292%	$27.8M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.1949	+4.133%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.1936	+4.117%	$312K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.1999	+4.189%	$33K	—	3x	as long as short
dYdX UNI-USD	+0.0106%	1h	9.1837	+4.006%	$242K	$31K	10x	as long as short
Deribit UNI_USDC-PERPETUALshort	+0.0183%	1h	9.2059	+4.257%	$590K	$193K	50x
BloFin UNI-USDT	+0.0220%	8h	9.2660	+4.938%	$10.5M	$3.6M	75x	as long as short
Kraken Futures PF_UNIUSD	+0.0267%	1h	9.2026	+4.220%	$5.1M	$7.7M	50x	as long as short
Coinbase International UNI-PERP-INTX	+0.0296%	1h	9.2020	+4.213%	$1.1M	$5.4M	50x	as long as short
Reya UNIRUSDPERP	+0.0371%	1h	9.2031	+4.225%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.1954	+4.139%	$655K	—	120x	as long as short
Hyperliquid UNI	+0.0538%	1h	9.2149	+4.359%	$99.9M	$61.3M	10x	as long as short
Lighter UNI	+0.0576%	1h	9.1956	+4.140%	$4.7M	$5.8M	15x	as long as short
Aftermath Perps UNIUSD	+0.0974%	1h	9.2184	+4.398%	$1K	$47K	10x	as long as short