UNI

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.13 per $10,000 · paid last 24h −0.191%

Price spread now: Arcus against Lighter−0.024%7-day average −0.081% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$320.317% of the position

Long on Lighter Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.301%−$30 on $10k

Price spread, last 4 days (all we have)−0.106%−$11 · spread now −0.024%, 7d avg −0.081%

Together, before fees−0.407%+ Points / potential airdropLighter: Season 3 · farm board−$41 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Arcus is 0.057% dearer against Lighter than usual: you sell high and buy low (spread −0.024% now, against its 7-day average of −0.081%): +$6 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 46 hours. At the pace of the last 4 days (−0.301% in total) that is about 16 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter UNI	9.0812	0.0200	pay 0.0025% / 1h	2m 39s	$4.6M	$5.9M	15x
Short	Arcus UNI-USD	9.0790	0.0100	get 0.0013% / 1h	2m 39s	$314K	$650K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus 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

Position, each leg$Hold fordaysFee LighterbpFee ArcusbpOrdersPrice spread, now −0.024%Rate

Funding earned: −$21
Price spread: −0.024% → −0.081%: $5.71
Slippage, 4 orders: −$27.21
Fee Lighter: 0 bp × 2 orders: $0
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$47.01
Costs to cover: 0.317%
Break-even: never at this rate

Slippage from Lighter: live order book, 5 min ago; Arcus: live order book, 56 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 Lighter live order book, 5 min ago	1.65 bp	5.5 bp −$5	14.9 bp −$149	85.7 bp −$8,571	doesn't fit
Sell Arcus live order book, 56 min ago	5.48 bp	8.0 bp −$8	11.3 bp −$113	doesn't fit	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	9.0815	+0.004%	$37K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−2.766%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0056%	1h	9.0848	+0.040%	$453	$5	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.0775	−0.041%	$965K	$4.4M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.0791	−0.023%	$817K	$3.5M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.0700	−0.124%	$293K	$600K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.0670	−0.156%	$222.7M	$639.1M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.0640	−0.189%	$101.8M	$111.2M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.0660	−0.167%	$55.2M	$261.9M	50x	as long as short
Arcus UNI-USDshort	+0.0100%	1h	9.0790	−0.024%	$314K	$650K	10x

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate UNI_USDT	+0.0100%	8h	9.0730	−0.090%	$23.6M	$64.0M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0700	−0.123%	$47.8M	$25.5M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0690	−0.134%	$13.6M	$13.2M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0700	−0.123%	$33.5M	$45.0M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	9.0660	−0.167%	—	$56.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.0849	+0.041%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.0449	−0.400%	$4.2M	$4.1M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.0520	−0.322%	$171K	$345K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0530	−0.311%	$641K	$2.8M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0580	−0.255%	$95K	$702K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0670	−0.156%	$15K	$3.4M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.0814	+0.002%	$86K	$430K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.0790	−0.024%	$16K	$1.5M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.0903	+0.100%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.0803	−0.010%	$22K	$792K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.0888	+0.084%	$726K	$4.7M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.0810	−0.002%	$27.5M	$4.4M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.0655	−0.172%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0682	−0.143%	$293K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0820	+0.009%	$32K	—	3x	as long as short
dYdX UNI-USD	+0.0184%	1h	9.0683	−0.142%	$239K	$30K	10x	as long as short
Lighter UNIlong	+0.0200%	1h	9.0812	long leg	$4.6M	$5.9M	15x
Deribit UNI_USDC-PERPETUAL	+0.0203%	1h	9.0866	+0.059%	$582K	$207K	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.0840	+0.031%	$10.3M	$3.6M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0248%	1h	9.0890	+0.086%	$952K	$5.9M	50x	as long as short
Kraken Futures PF_UNIUSD	+0.0269%	1h	9.0861	+0.054%	$5.0M	$8.0M	50x	as long as short
Hyperliquid UNI	+0.0307%	1h	9.0823	+0.012%	$98.4M	$62.4M	10x	as long as short
Reya UNIRUSDPERP	+0.0373%	1h	9.0787	−0.027%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.0808	−0.004%	$647K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0918%	1h	9.0738	−0.082%	$875	$46K	10x	as long as short