Settings8H · net · $10k
Funding arb · Price arb /

UNI

all UNI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h −0.192%
Price spread now: ApeX Omni against Lighter−0.366%48s7-day average −0.093% · you buy dearer than you sell
Net, funding: paid 7d − costs−$76as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$440.442% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.320%−$32 on $10k
Price spread, last 4 days (all we have)+0.171%+$17 · spread now −0.366%, 7d avg −0.093%
Together, before fees−0.150%+ Points / potential airdropLighter: Season 3 · farm board−$15 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: ApeX Omni is 0.273% cheaper against Lighter than usual: you would sell low and buy high, −$27 on $10k if it goes back to its 7-day average of −0.093%. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter UNI8.87050.0096pay 0.0012% / 1h56m 17s$4.5M$5.4M15x
ShortApeX Omni UNIUSDT8.83800.0100get 0.0013% / 1h56m 17s$90K$703K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Lighter. 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

Funding earned
$0.84
Price spread: −0.366% → −0.093%
−$27.33
Slippage, 4 orders
−$34.17
Fee Lighter: 0 bp × 2 orders
$0
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$70.66
Costs to cover
0.442%
Break-even
595.8 days
Slippage from Lighter: live order book, 7 min ago; ApeX Omni: live order book, 57 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Lighter live order book, 7 min ago1.58 bp9.4 bp −$920.5 bp −$205100.7 bp −$10.1Kdoesn't fit
Sell ApeX Omni live order book, 57 min ago6.08 bp13.5 bp −$13107.5 bp −$1,075doesn't fitdoesn't fit

UNI on 40 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Nado UNI-PERP−0.0300%1h8.8587−0.132%$799K$4.7M10xas long as short
01 Exchange UNIUSD−0.0120%1h8.8599−0.119%$442$510xas long as short
Kraken Futures PF_UNIUSD−0.0017%1h8.8724+0.021%$4.8M$8.4M50xas long as short
dYdX UNI-USD0.0000%1h8.8634−0.080%$233K$31K10xas long as short
Deribit UNI_USDC-PERPETUAL+0.0002%1h8.8736+0.035%$569K$208K50xas long as short
gTrade (Gains Network) UNI/USDL +0.0004% / S −0.0007%1h8.8722+0.019%$48K150xas long as short
Injective UNI/USDC PERP+0.0033%1h8.8300−0.457%$660$153K12xas long as short
Polymarket Perps UNI-USD+0.0079%1h8.8599−0.119%$94K$489K10xas long as short
Lighter UNIlong+0.0096%1h8.8705long leg$4.5M$5.4M15x
Paradex UNI-USD-PERP+0.0100%8h8.8646−0.067%$25K20xas long as short
Show all 40 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid UNI+0.0100%1h8.8661−0.050%$93.6M$65.5M10xas long as short
Aster UNIUSDT+0.0100%8h8.8715+0.011%$766K$3.6M50xas long as short
Pacifica UNI+0.0100%1h8.8669−0.040%$286K$610K10xas long as short
Binance UNIUSDT+0.0100%8h8.8697−0.009%$215.8M$657.8M75xas long as short
Bybit UNIUSDT+0.0100%8h8.8650−0.062%$99.1M$112.7M75xas long as short
OKX UNI-USDT-SWAP+0.0100%8h8.8650−0.062%$53.7M$262.4M50xas long as short
Arcus UNI-USD+0.0100%1h8.8670−0.039%$330K$684K10xas long as short
Gate UNI_USDT+0.0100%8h8.8640−0.073%$23.4M$64.2M75xas long as short
MEXC UNI_USDT+0.0100%8h8.8590−0.130%$46.7M$26.2M200xas long as short
KuCoin UNIUSDTM+0.0100%8h8.8570−0.152%$13.2M$13.4M75xas long as short
Bitget UNIUSDT+0.0100%8h8.8640−0.073%$32.7M$46.4M75xas long as short
BingX UNI-USDC+0.0100%8h8.8700−0.006%$6.5Mas long as short
Backpack UNI_USDC_PERP+0.0100%1h8.8717+0.014%$1.0M$2.4M10xas long as short
Variational Omni UNI+0.0100%8h8.8460−0.277%$4.1M$4.2Mas long as short
edgeX UNIUSDC+0.0100%4h8.8442−0.296%$167K$346K20xas long as short
GRVT UNI_USDT_Perp+0.0100%8h8.8520−0.209%$617K$2.8M10xas long as short
ApeX Omni UNIUSDTshort+0.0100%1h8.8380−0.366%$90K$703K50x
StandX UNI-USD+0.0100%1h8.8610−0.107%$15K$3.4M20xas long as short
Orderly PERP_UNI_USDC+0.0100%8h8.8670−0.039%$16K$1.5M10xas long as short
SunX UNI-USDT+0.0100%8h8.8643−0.070%$36K$1.4M30xas long as short
SoDEX UNI-USD+0.0100%1h8.8680−0.028%$39K$838K10xas long as short
HTX UNI-USDT+0.0100%8h8.8780+0.085%$707K$5.0M75xas long as short
Phemex UNIUSDT+0.0100%8h8.8620−0.096%$26.8M$4.3M50xas long as short
Extended UNI-USD+0.0104%1h8.8626−0.089%$281K$1.6M25xas long as short
Aevo UNI-PERP+0.0104%1h8.8700−0.006%$31K3xas long as short
Coinbase International UNI-PERP-INTX+0.0184%1h8.8720+0.017%$930K$5.8M50xas long as short
BloFin UNI-USDT+0.0220%8h8.8610−0.107%$10.0M$3.6M75xas long as short
Reya UNIRUSDPERP+0.0375%1h8.8547−0.178%$16K20xas long as short
GMX UNI/USD [UNI-USDC]L +0.0381% / S −0.0244%1h8.8700−0.005%$631K120xas long as short
Aftermath Perps UNIUSD+0.0662%1h8.8607−0.110%$959$45K10xas long as short