UNI

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0424%/8h= −46.4% APRnext payment −$0.53 per $10,000 · paid last 24h −0.168%

Price spread now: Extended against Lighter−0.234%7-day average −0.142% · you buy dearer than you sell

Net, funding: paid 7d − costs−$44as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$210.209% of the position

Long on Lighter Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.231%−$23 on $10k

Price spread, last 7 days+0.059%+$6 · spread now −0.234%, 7d avg −0.142%

Together, before fees−0.171%+ Points / potential airdropLighter: Season 3 · Extended: Active · farm board−$17 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and Extended is 0.092% cheaper against Lighter than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.142%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.231% in total (about -12.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.53 per $10,000. 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	8.8422	0.0528	pay 0.0066% / 1h	43m 10s	$4.5M	$5.2M	15x
Short	Extended UNI-USD	8.8215	0.0104	get 0.0013% / 1h	43m 10s	$300K	$1.5M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.234%Rate

Funding earned: −$89.04
Price spread: −0.234% → −0.142%: −$9.23
Slippage, 4 orders: −$15.86
Fee Lighter: 0 bp × 2 orders: $0
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$119.12
Costs to cover: 0.209%
Break-even: never at this rate

Slippage from Lighter: live order book, 5 min ago; Extended: live order book, 5 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	1.14 bp	6.6 bp −$7	15.2 bp −$152	85.3 bp −$8,535	doesn't fit
Sell Extended live order book, 5 min ago	0.06 bp	6.9 bp −$7	10.5 bp −$105	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
Variational Omni UNI	−0.0078%	8h	8.7827	−0.673%	$3.9M	$4.7M	—	as long as short
Bybit UNIUSDT	−0.0030%	8h	8.8230	−0.217%	$100.8M	$104.5M	75x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0006%	1h	8.8249	−0.195%	$79K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.7900	−0.590%	$657	$96K	12x	as long as short
OKX UNI-USDT-SWAP	+0.0034%	8h	8.8350	−0.081%	$54.6M	$243.7M	50x	as long as short
01 Exchange UNIUSD	+0.0040%	1h	8.8244	−0.201%	$440	—	10x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0080%	1h	8.8288	−0.152%	$562K	$157K	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8164	−0.292%	$25K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.8142	−0.316%	$858K	$3.9M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.8272	−0.170%	$1.0M	$3.4M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica UNI	+0.0100%	1h	8.8180	−0.274%	$297K	$579K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.8260	−0.183%	$216.8M	$588.9M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.8240	−0.206%	$272K	$606K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.8280	−0.161%	$22.9M	$58.3M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.8270	−0.172%	$42.6M	$24.4M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.8230	−0.217%	$13.5M	$13.8M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8240	−0.206%	$32.1M	$41.2M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	8.8210	−0.240%	—	$51.9M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8238	−0.208%	$976K	$2.3M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.7992	−0.486%	$165K	$345K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8080	−0.387%	$622K	$2.5M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8030	−0.443%	$87K	$714K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8160	−0.296%	$105K	$3.2M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.8242	−0.204%	$87K	$350K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8230	−0.217%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.8187	−0.266%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.8247	−0.198%	$25K	$668K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.8366	−0.063%	$726K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8210	−0.240%	$26.6M	$4.5M	50x	as long as short
Extended UNI-USDshort	+0.0104%	1h	8.8215	−0.234%	$300K	$1.5M	25x
Aevo UNI-PERP	+0.0104%	1h	8.8240	−0.206%	$31K	$1K	3x	as long as short
dYdX UNI-USD	+0.0156%	1h	8.8188	−0.265%	$244K	$6K	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.8280	−0.161%	$9.8M	$3.3M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0224%	1h	8.8280	−0.161%	$1.0M	$5.2M	50x	as long as short
Hyperliquid UNI	+0.0327%	1h	8.8393	−0.033%	$96.7M	$59.6M	10x	as long as short
Kraken Futures PF_UNIUSD	+0.0343%	1h	8.8293	−0.146%	$4.9M	$6.9M	50x	as long as short
Reya UNIRUSDPERP	+0.0361%	1h	8.8235	−0.212%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0379% / S −0.0319%	1h	8.8236	−0.211%	$552K	—	120x	as long as short
Lighter UNIlong	+0.0528%	1h	8.8422	long leg	$4.5M	$5.2M	15x
Aftermath Perps UNIUSD	+0.0610%	1h	8.8013	−0.463%	$1K	$49K	10x	as long as short