Funding you earn now, next payment 06:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h −0.159%
Price spread now: Phemex against Injective+0.532%7-day average −0.041% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.463%+$46 on $10k
+Price spread, last 4 days (all we have)−0.475%−$47 · spread now +0.532%, 7d avg −0.041%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Phemex is 0.573% dearer against Injective than usual: you sell high and buy low: +$57 more if the spread goes back to its 7-day average of −0.041%.
| 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 | 21m 24s | $660 | $153K | 12x |
| Short | Phemex UNIUSDT | 8.8770 | 0.0100 | get 0.0100% / 8h | 2h 21m | $26.8M | $4.5M | 50x |
Injective UNI/USDC PERP
Phemex UNIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Injective. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $14
- Price spread: +0.532% → −0.041%
- $57.3
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- $59.28
- Costs to cover
- 0.120%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; Phemex: live order book, 3 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 Phemex live order book, 3 min ago | 10.17 bp | 21.4 bp −$21 | 29.9 bp −$299 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Nado UNI-PERP | −0.0066% | 1h | 8.8825 | +0.595% | $820K | $4.6M | 10x | as long as short |
| Kraken Futures PF_UNIUSD | −0.0017% | 1h | 8.8763 | +0.524% | $4.7M | $8.5M | 50x | as long as short |
| 01 Exchange UNIUSD | −0.0016% | 1h | 8.8864 | +0.639% | $443 | $5 | 10x | as long as short |
| gTrade (Gains Network) UNI/USD | L +0.0004% / S −0.0007% | 1h | 8.8776 | +0.539% | $49K | — | 150x | as long as short |
| Injective UNI/USDC PERPlong | +0.0033% | 1h | 8.8300 | long leg | $660 | $153K | 12x | |
| Polymarket Perps UNI-USD | +0.0090% | 1h | 8.8821 | +0.590% | $110K | $534K | 10x | as long as short |
| Lighter UNI | +0.0096% | 1h | 8.8939 | +0.724% | $4.5M | $5.6M | 15x | as long as short |
| Paradex UNI-USD-PERP | +0.0100% | 8h | 8.8807 | +0.574% | $25K | — | 20x | as long as short |
| Aster UNIUSDT | +0.0100% | 8h | 8.8811 | +0.579% | $739K | $3.6M | 50x | as long as short |
| Pacifica UNI | +0.0100% | 1h | 8.8860 | +0.634% | $285K | $616K | 10x | as long as short |
Nado UNI-PERP
Kraken Futures PF_UNIUSD
01 Exchange UNIUSD
gTrade (Gains Network) UNI/USD
Polymarket Perps UNI-USD
Lighter UNI
Paradex UNI-USD-PERP
Aster UNIUSDT
Pacifica UNIShow all 40 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance UNIUSDT | +0.0100% | 8h | 8.8795 | +0.561% | $216.9M | $660.9M | 75x | as long as short |
| Bybit UNIUSDT | +0.0100% | 8h | 8.8730 | +0.487% | $99.2M | $112.2M | 75x | as long as short |
| OKX UNI-USDT-SWAP | +0.0100% | 8h | 8.8720 | +0.476% | $54.4M | $264.5M | 50x | as long as short |
| Arcus UNI-USD | +0.0100% | 1h | 8.8920 | +0.702% | $317K | $700K | 10x | as long as short |
| Gate UNI_USDT | +0.0100% | 8h | 8.8800 | +0.566% | $24.2M | $65.9M | 75x | as long as short |
| MEXC UNI_USDT | +0.0100% | 8h | 8.8820 | +0.589% | $49.3M | $27.0M | 200x | as long as short |
| KuCoin UNIUSDTM | +0.0100% | 8h | 8.8860 | +0.634% | $12.9M | $13.6M | 75x | as long as short |
| Bitget UNIUSDT | +0.0100% | 8h | 8.8720 | +0.476% | $32.5M | $45.9M | 75x | as long as short |
| BingX UNI-USDC | +0.0100% | 8h | 8.8760 | +0.521% | — | $6.5M | — | as long as short |
| Backpack UNI_USDC_PERP | +0.0100% | 1h | 8.8759 | +0.520% | $1.1M | $2.4M | 10x | as long as short |
| Variational Omni UNI | +0.0100% | 8h | 8.8380 | +0.091% | $4.1M | $4.2M | — | as long as short |
| edgeX UNIUSDC | +0.0100% | 4h | 8.8443 | +0.162% | $167K | $345K | 20x | as long as short |
| GRVT UNI_USDT_Perp | +0.0100% | 8h | 8.8591 | +0.329% | $619K | $2.7M | 10x | as long as short |
| ApeX Omni UNIUSDT | +0.0100% | 1h | 8.8460 | +0.181% | $89K | $708K | 50x | as long as short |
| StandX UNI-USD | +0.0100% | 1h | 8.8580 | +0.317% | $15K | $3.5M | 20x | as long as short |
| Orderly PERP_UNI_USDC | +0.0100% | 8h | 8.8760 | +0.521% | $16K | $1.7M | 10x | as long as short |
| SunX UNI-USDT | +0.0100% | 8h | 8.8878 | +0.655% | $36K | $1.4M | 30x | as long as short |
| SoDEX UNI-USD | +0.0100% | 1h | 8.8740 | +0.498% | $32K | $865K | 10x | as long as short |
| HTX UNI-USDT | +0.0100% | 8h | 8.8862 | +0.636% | $714K | $5.0M | 75x | as long as short |
| Phemex UNIUSDTshort | +0.0100% | 8h | 8.8770 | +0.532% | $26.8M | $4.5M | 50x | |
| Extended UNI-USD | +0.0104% | 1h | 8.8670 | +0.419% | $299K | $1.7M | 25x | as long as short |
| Aevo UNI-PERP | +0.0104% | 1h | 8.8750 | +0.509% | $31K | — | 3x | as long as short |
| Hyperliquid UNI | +0.0125% | 1h | 8.8955 | +0.742% | $94.6M | $66.0M | 10x | as long as short |
| Deribit UNI_USDC-PERPETUAL | +0.0167% | 1h | 8.8794 | +0.559% | $568K | $203K | 50x | as long as short |
| Coinbase International UNI-PERP-INTX | +0.0184% | 1h | 8.8830 | +0.600% | $927K | $5.7M | 50x | as long as short |
| dYdX UNI-USD | +0.0193% | 1h | 8.8808 | +0.575% | $234K | $31K | 10x | as long as short |
| BloFin UNI-USDT | +0.0220% | 8h | 8.8400 | +0.113% | $10.0M | $3.6M | 75x | as long as short |
| Reya UNIRUSDPERP | +0.0377% | 1h | 8.8812 | +0.580% | $16K | — | 20x | as long as short |
| GMX UNI/USD [UNI-USDC] | L +0.0381% / S −0.0243% | 1h | 8.8783 | +0.547% | $632K | — | 120x | as long as short |
| Aftermath Perps UNIUSD | +0.0662% | 1h | 8.8680 | +0.431% | $902 | $45K | 10x | as long as short |
Binance UNIUSDT
Bybit UNIUSDT
OKX UNI-USDT-SWAP
Arcus UNI-USD
Gate UNI_USDT
MEXC UNI_USDT
KuCoin UNIUSDTM
Bitget UNIUSDT
BingX UNI-USDC
Backpack UNI_USDC_PERP
Variational Omni UNI
edgeX UNIUSDC
GRVT UNI_USDT_Perp
ApeX Omni UNIUSDT
StandX UNI-USD
Orderly PERP_UNI_USDC
SunX UNI-USDT
SoDEX UNI-USD
HTX UNI-USDT
Extended UNI-USD
Aevo UNI-PERP
Hyperliquid UNI
Deribit UNI_USDC-PERPETUAL
Coinbase International UNI-PERP-INTX
dYdX UNI-USD
BloFin UNI-USDT
Reya UNIRUSDPERP
GMX UNI/USD [UNI-USDC]
Aftermath Perps UNIUSD