UNI

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0252%/8h= +27.6% APRnext payment +$0.32 per $10,000 · paid last 24h −0.191%

Price spread now: Deribit against Lighter−0.049%7-day average −0.108% · you buy dearer than you sell

Net, funding: paid 7d − costs−$82as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$410.409% of the position

Long on Lighter Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.411%−$41 on $10k

Price spread, last 4 days (all we have)+0.126%+$13 · spread now −0.049%, 7d avg −0.108%

Together, before fees−0.285%+ Points / potential airdropLighter: Season 3 · farm board−$29 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Deribit is 0.059% dearer against Lighter than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.108%. Mind the row above: over the last 7 days funding on this pair cost −0.411%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter UNI	8.8725	0.0096	pay 0.0012% / 1h	23m 50s	$4.5M	$5.6M	15x
Short	Deribit UNI_USDC-PERPETUAL	8.8681	0.0348	get 0.0044% / 1h	23m 50s	$568K	$204K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.049%Rate

Funding earned: $52.92
Price spread: −0.049% → −0.108%: $5.87
Slippage, 4 orders: −$33.89
Fee Lighter: 0 bp × 2 orders: $0
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $17.9
Costs to cover: 0.409%
Break-even: 4.6 days

Slippage from Lighter: live order book, 4 min ago; Deribit: live order book, 25 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, 4 min ago	7.10 bp	7.2 bp −$7	12.6 bp −$126	86.8 bp −$8,678	doesn't fit
Sell Deribit live order book, 25 min ago	6.95 bp	11.8 bp −$12	20.5 bp −$205	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
Nado UNI-PERP	−0.0078%	1h	8.8520	−0.231%	$819K	$4.7M	10x	as long as short
01 Exchange UNIUSD	−0.0024%	1h	8.8654	−0.080%	$442	$5	10x	as long as short
Kraken Futures PF_UNIUSD	−0.0017%	1h	8.8632	−0.105%	$4.7M	$8.6M	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0007%	1h	8.8587	−0.156%	$48K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−0.479%	$660	$153K	12x	as long as short
Lighter UNIlong	+0.0096%	1h	8.8725	long leg	$4.5M	$5.6M	15x
Polymarket Perps UNI-USD	+0.0098%	1h	8.8557	−0.189%	$103K	$525K	10x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8561	−0.185%	$25K	—	20x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.8517	−0.234%	$748K	$3.6M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.8592	−0.150%	$284K	$616K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance UNIUSDT	+0.0100%	8h	8.8520	−0.231%	$216.2M	$663.2M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	8.8450	−0.310%	$98.9M	$112.8M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	8.8450	−0.310%	$54.2M	$264.2M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.8630	−0.107%	$316K	$700K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.8480	−0.276%	$24.1M	$65.8M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.8470	−0.287%	$49.1M	$27.0M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.8480	−0.276%	$12.9M	$13.6M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8450	−0.310%	$32.4M	$46.7M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.8500	−0.254%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8605	−0.135%	$1.1M	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	8.8380	−0.388%	$4.1M	$4.2M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8556	−0.190%	$167K	$344K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8582	−0.161%	$621K	$2.8M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8600	−0.141%	$89K	$707K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8630	−0.107%	$15K	$3.5M	20x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8620	−0.118%	$16K	$1.6M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.8597	−0.144%	$36K	$1.4M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.8636	−0.100%	$32K	$874K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.8617	−0.122%	$712K	$5.0M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8570	−0.175%	$26.7M	$4.5M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8415	−0.349%	$297K	$1.7M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8639	−0.097%	$31K	—	3x	as long as short
Hyperliquid UNI	+0.0123%	1h	8.8549	−0.198%	$94.2M	$65.9M	10x	as long as short
dYdX UNI-USD	+0.0176%	1h	8.8561	−0.185%	$233K	$31K	10x	as long as short
Coinbase International UNI-PERP-INTX	+0.0184%	1h	8.8660	−0.073%	$925K	$5.8M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.8490	−0.265%	$10.0M	$3.6M	75x	as long as short
Deribit UNI_USDC-PERPETUALshort	+0.0348%	1h	8.8681	−0.049%	$568K	$204K	50x
Reya UNIRUSDPERP	+0.0377%	1h	8.8567	−0.178%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	8.8600	−0.141%	$630K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0681%	1h	8.8665	−0.067%	$969	$45K	10x	as long as short