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% APRpaid last 24h −0.209%
Price spread now: OKX against Lighter−0.168%7-day average −0.130% · you buy dearer than you sell
Net, funding: paid 7d − costs−$74as in the Funding arb table
Net, price: spread back to 7d avg − costs−$37as in the Price arb table
costs, in and out, $10k−$330.334% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.407%−$41 on $10k
Price spread, last 7 days+0.140%+$14 · spread now −0.168%, 7d avg −0.130%
Together, before fees−0.268%+ Points / potential airdropLighter: Season 3 · farm board−$27 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: OKX is 0.038% cheaper against Lighter than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.130%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter UNI8.87990.0096pay 0.0012% / 1h56m 11s$4.5M$5.4M15x
ShortOKX UNI-USDT-SWAP8.86500.0100get 0.0100% / 8h2h 56m$53.7M$262.4M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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: −0.168% → −0.130%
−$3.76
Slippage, 4 orders
−$23.41
Fee Lighter: 0 bp × 2 orders
$0
Fee OKX: 5 bp × 2 orders
−$10
Net
−$36.33
Costs to cover
0.334%
Break-even
309.7 days
Slippage from Lighter: live order book, 7 min ago; OKX: live order book, 3 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 OKX live order book, 3 min ago0.57 bp8.4 bp −$815.9 bp −$15938.6 bp −$3,858doesn'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%1h8.8587−0.238%$799K$4.7M10xas long as short
01 Exchange UNIUSD−0.0120%1h8.8599−0.225%$442$510xas long as short
Kraken Futures PF_UNIUSD−0.0017%1h8.8724−0.085%$4.8M$8.4M50xas long as short
dYdX UNI-USD0.0000%1h8.8634−0.186%$233K$31K10xas long as short
Deribit UNI_USDC-PERPETUAL+0.0002%1h8.8736−0.070%$569K$208K50xas long as short
gTrade (Gains Network) UNI/USDL +0.0004% / S −0.0007%1h8.8722−0.087%$48K150xas long as short
Injective UNI/USDC PERP+0.0033%1h8.8300−0.562%$660$153K12xas long as short
Polymarket Perps UNI-USD+0.0079%1h8.8599−0.225%$94K$489K10xas long as short
Lighter UNIlong+0.0096%1h8.8799long leg$4.5M$5.4M15x
Paradex UNI-USD-PERP+0.0100%8h8.8646−0.172%$25K20xas long as short
Show all 40 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid UNI+0.0100%1h8.8757−0.047%$93.7M$65.6M10xas long as short
Aster UNIUSDT+0.0100%8h8.8730−0.078%$766K$3.6M50xas long as short
Pacifica UNI+0.0100%1h8.8669−0.146%$286K$610K10xas long as short
Binance UNIUSDT+0.0100%8h8.8684−0.129%$215.8M$657.9M75xas long as short
Bybit UNIUSDT+0.0100%8h8.8640−0.179%$99.1M$112.7M75xas long as short
OKX UNI-USDT-SWAPshort+0.0100%8h8.8650−0.168%$53.7M$262.4M50x
Arcus UNI-USD+0.0100%1h8.8670−0.145%$330K$684K10xas long as short
Gate UNI_USDT+0.0100%8h8.8660−0.157%$23.4M$64.2M75xas long as short
MEXC UNI_USDT+0.0100%8h8.8690−0.123%$46.7M$26.2M200xas long as short
KuCoin UNIUSDTM+0.0100%8h8.8690−0.123%$13.2M$13.4M75xas long as short
Bitget UNIUSDT+0.0100%8h8.8630−0.190%$32.7M$46.4M75xas long as short
BingX UNI-USDT+0.0100%8h8.8680−0.134%$56.9Mas long as short
Backpack UNI_USDC_PERP+0.0100%1h8.8745−0.061%$1.0M$2.4M10xas long as short
Variational Omni UNI+0.0100%8h8.8460−0.382%$4.1M$4.2Mas long as short
edgeX UNIUSDC+0.0100%4h8.8442−0.402%$167K$346K20xas long as short
GRVT UNI_USDT_Perp+0.0100%8h8.8520−0.314%$617K$2.8M10xas long as short
ApeX Omni UNIUSDT+0.0100%1h8.8380−0.472%$90K$703K50xas long as short
StandX UNI-USD+0.0100%1h8.8610−0.213%$15K$3.4M20xas long as short
Orderly PERP_UNI_USDC+0.0100%8h8.8670−0.145%$16K$1.5M10xas long as short
SunX UNI-USDT+0.0100%8h8.8643−0.176%$36K$1.4M30xas long as short
SoDEX UNI-USD+0.0100%1h8.8680−0.134%$39K$838K10xas long as short
HTX UNI-USDT+0.0100%8h8.8863+0.072%$707K$5.0M75xas long as short
Phemex UNIUSDT+0.0100%8h8.8660−0.157%$26.8M$4.3M50xas long as short
Extended UNI-USD+0.0104%1h8.8626−0.195%$281K$1.6M25xas long as short
Aevo UNI-PERP+0.0104%1h8.8700−0.111%$31K3xas long as short
Coinbase International UNI-PERP-INTX+0.0184%1h8.8720−0.089%$930K$5.8M50xas long as short
BloFin UNI-USDT+0.0220%8h8.8610−0.213%$10.0M$3.6M75xas long as short
Reya UNIRUSDPERP+0.0375%1h8.8547−0.283%$16K20xas long as short
GMX UNI/USD [UNI-USDC]L +0.0381% / S −0.0244%1h8.8700−0.111%$631K120xas long as short
Aftermath Perps UNIUSD+0.0662%1h8.8607−0.216%$959$45K10xas long as short