Funding you earn now, next payment 22:00 UTC−0.0656%/8h= −71.9% APRpaid last 24h −0.197%
Price spread now: Bybit against Lighter−0.268%7-day average −0.163% · you buy dearer than you sell
Net, funding: paid 7d − costs−$64as in the Funding arb table
Net, price: spread back to 7d avg − costs−$39as in the Price arb table
costs, in and out, $10k−$280.280% of the position
Funding, last 7 days−0.357%−$36 on $10k
+Price spread, last 7 days+0.100%+$10 · spread now −0.268%, 7d avg −0.163%
=Together, before fees−0.257%+ Points / potential airdropLighter: Season 3 · farm board−$26 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$20 a day on $10k at the current rate, and Bybit is 0.106% cheaper against Lighter than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.163%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.357% in total (about -18.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter UNI | 8.8367 | 0.0464 | pay 0.0058% / 1h | 53m 08s | $4.5M | $5.3M | 15x |
| Short | Bybit UNIUSDT | 8.8130 | −0.0192 | pay 0.0192% / 8h | 2h 53m | $102.7M | $103.9M | 75x |
Lighter UNI
Bybit UNIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Lighter. 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
- −$137.86
- Price spread: −0.268% → −0.163%
- −$10.56
- Slippage, 4 orders
- −$17.01
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$176.43
- Costs to cover
- 0.280%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 5 min ago; Bybit: live order book, 1 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 | 1.19 bp | 7.3 bp −$7 | 16.4 bp −$164 | 96.9 bp −$9,691 | doesn't fit |
| Sell Bybit live order book, 1 min ago | 0.57 bp | 8.8 bp −$9 | 18.9 bp −$189 | 48.1 bp −$4,807 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni UNI | −0.0201% | 8h | 8.8015 | −0.399% | $3.9M | $4.9M | — | as long as short |
| Bybit UNIUSDTshort | −0.0192% | 8h | 8.8130 | −0.268% | $102.7M | $103.9M | 75x | |
| 01 Exchange UNIUSD | −0.0072% | 1h | 8.8233 | −0.152% | $440 | — | 10x | as long as short |
| Deribit UNI_USDC-PERPETUAL | 0.0000% | 1h | 8.8251 | −0.132% | $551K | $125K | 50x | as long as short |
| gTrade (Gains Network) UNI/USD | L +0.0004% / S −0.0006% | 1h | 8.8253 | −0.129% | $79K | — | 150x | as long as short |
| OKX UNI-USDT-SWAP | +0.0010% | 8h | 8.8130 | −0.268% | $54.3M | $244.7M | 50x | as long as short |
| Paradex UNI-USD-PERP | +0.0100% | 8h | 8.8203 | −0.185% | $25K | — | 20x | as long as short |
| Nado UNI-PERP | +0.0100% | 1h | 8.8170 | −0.223% | $852K | $3.9M | 10x | as long as short |
| Aster UNIUSDT | +0.0100% | 8h | 8.8301 | −0.075% | $1.0M | $3.4M | 50x | as long as short |
| Pacifica UNI | +0.0100% | 1h | 8.8203 | −0.186% | $297K | $559K | 10x | as long as short |
Variational Omni UNI
01 Exchange UNIUSD
Deribit UNI_USDC-PERPETUAL
gTrade (Gains Network) UNI/USD
OKX UNI-USDT-SWAP
Paradex UNI-USD-PERP
Nado UNI-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 | 8.8182 | −0.209% | $216.0M | $593.8M | 75x | as long as short |
| Arcus UNI-USD | +0.0100% | 1h | 8.8350 | −0.019% | $273K | $605K | 10x | as long as short |
| Gate UNI_USDT | +0.0100% | 8h | 8.8170 | −0.223% | $22.9M | $58.8M | 75x | as long as short |
| MEXC UNI_USDT | +0.0100% | 8h | 8.8170 | −0.223% | $42.7M | $24.4M | 200x | as long as short |
| KuCoin UNIUSDTM | +0.0100% | 8h | 8.8190 | −0.200% | $13.7M | $13.7M | 75x | as long as short |
| Bitget UNIUSDT | +0.0100% | 8h | 8.8170 | −0.223% | $31.9M | $41.0M | 75x | as long as short |
| BingX UNI-USDT | +0.0100% | 8h | 8.8180 | −0.212% | — | $49.7M | — | as long as short |
| Backpack UNI_USDC_PERP | +0.0100% | 1h | 8.8224 | −0.162% | $977K | $2.4M | 10x | as long as short |
| edgeX UNIUSDC | +0.0100% | 4h | 8.8265 | −0.115% | $166K | $342K | 20x | as long as short |
| GRVT UNI_USDT_Perp | +0.0100% | 8h | 8.8310 | −0.064% | $619K | $2.6M | 10x | as long as short |
| ApeX Omni UNIUSDT | +0.0100% | 1h | 8.8040 | −0.370% | $83K | $713K | 50x | as long as short |
| StandX UNI-USD | +0.0100% | 1h | 8.8180 | −0.212% | $105K | $3.3M | 20x | as long as short |
| Polymarket Perps UNI-USD | +0.0100% | 1h | 8.8230 | −0.155% | $87K | $335K | 10x | as long as short |
| Orderly PERP_UNI_USDC | +0.0100% | 8h | 8.8200 | −0.189% | $16K | $1.7M | 10x | as long as short |
| SunX UNI-USDT | +0.0100% | 8h | 8.8258 | −0.123% | $36K | $1.3M | 30x | as long as short |
| SoDEX UNI-USD | +0.0100% | 1h | 8.8178 | −0.214% | $28K | $659K | 10x | as long as short |
| HTX UNI-USDT | +0.0100% | 8h | 8.8287 | −0.091% | $721K | $4.3M | 75x | as long as short |
| Phemex UNIUSDT | +0.0100% | 8h | 8.8200 | −0.189% | $26.6M | $4.4M | 50x | as long as short |
| Extended UNI-USD | +0.0104% | 1h | 8.8137 | −0.261% | $307K | $1.4M | 25x | as long as short |
| Aevo UNI-PERP | +0.0104% | 1h | 8.8233 | −0.151% | $31K | $1K | 3x | as long as short |
| Coinbase International UNI-PERP-INTX | +0.0200% | 1h | 8.8280 | −0.098% | $1.0M | $5.3M | 50x | as long as short |
| BloFin UNI-USDT | +0.0220% | 8h | 8.8190 | −0.200% | $9.8M | $3.3M | 75x | as long as short |
| Kraken Futures PF_UNIUSD | +0.0270% | 1h | 8.8250 | −0.132% | $4.9M | $7.1M | 50x | as long as short |
| dYdX UNI-USD | +0.0308% | 1h | 8.8218 | −0.169% | $244K | $5K | 10x | as long as short |
| Reya UNIRUSDPERP | +0.0359% | 1h | 8.8184 | −0.207% | $16K | — | 20x | as long as short |
| GMX UNI/USD [UNI-USDC] | L +0.0380% / S −0.0320% | 1h | 8.8240 | −0.143% | $553K | — | 120x | as long as short |
| Hyperliquid UNI | +0.0456% | 1h | 8.8297 | −0.079% | $95.8M | $59.6M | 10x | as long as short |
| Lighter UNIlong | +0.0464% | 1h | 8.8367 | long leg | $4.5M | $5.3M | 15x | |
| Aftermath Perps UNIUSD | +0.0501% | 1h | 8.8219 | −0.168% | $1K | $50K | 10x | as long as short |
| Injective UNI/USDC PERP | +0.2702% | 1h | 8.7900 | −0.528% | $657 | $97K | 12x | as long as short |
Binance UNIUSDT
Arcus UNI-USD
Gate UNI_USDT
MEXC UNI_USDT
KuCoin UNIUSDTM
Bitget UNIUSDT
BingX UNI-USDT
Backpack UNI_USDC_PERP
edgeX UNIUSDC
GRVT UNI_USDT_Perp
ApeX Omni UNIUSDT
StandX UNI-USD
Polymarket Perps UNI-USD
Orderly PERP_UNI_USDC
SunX UNI-USDT
SoDEX UNI-USD
HTX UNI-USDT
Phemex UNIUSDT
Extended UNI-USD
Aevo UNI-PERP
Coinbase International UNI-PERP-INTX
BloFin UNI-USDT
Kraken Futures PF_UNIUSD
dYdX UNI-USD
Reya UNIRUSDPERP
GMX UNI/USD [UNI-USDC]
Hyperliquid UNI
Aftermath Perps UNIUSD
Injective UNI/USDC PERP