Funding you earn now, next payment 09:00 UTC−0.2519%/8h= −275.8% APRpaid last 24h −0.175%
Price spread now: Phemex against Lighter−0.164%7-day average −0.133% · you buy dearer than you sell
Net, funding: paid 7d − costs−$69as in the Funding arb table
Net, price: spread back to 7d avg − costs−$37as in the Price arb table
costs, in and out, $10k−$340.336% of the position
Funding, last 7 days−0.355%−$35 on $10k
+Price spread, last 4 days (all we have)+0.120%+$12 · spread now −0.164%, 7d avg −0.133%
=Together, before fees−0.235%+ Points / potential airdropLighter: Season 3 · farm board−$23 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$76 a day on $10k at the current rate, and Phemex is 0.032% cheaper against Lighter than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.133%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.355% in total (about -18.5% 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 | 8.9477 | 0.0208 | pay 0.0026% / 1h | 58m 09s | $4.5M | $5.4M | 15x |
| Short | Phemex UNIUSDT | 8.9330 | −0.2311 | pay 0.2311% / 8h | 7h 58m | $27.0M | $4.4M | 50x |
Lighter UNI
Phemex UNIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- −$528.9
- Price spread: −0.164% → −0.133%
- −$3.15
- Slippage, 4 orders
- −$21.59
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$565.64
- Costs to cover
- 0.336%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 5 min ago; Phemex: live order book, 6 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 | 0.95 bp | 3.6 bp −$4 | 9.0 bp −$90 | 69.6 bp −$6,956 | doesn't fit |
| Sell Phemex live order book, 6 min ago | 3.94 bp | 14.4 bp −$14 | 24.4 bp −$244 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Phemex UNIUSDTshort | −0.2311% | 8h | 8.9330 | −0.164% | $27.0M | $4.4M | 50x | |
| Nado UNI-PERP | −0.0101% | 1h | 8.9398 | −0.089% | $731K | $4.7M | 10x | as long as short |
| Kraken Futures PF_UNIUSD | −0.0062% | 1h | 8.9435 | −0.047% | $4.7M | $8.6M | 50x | as long as short |
| gTrade (Gains Network) UNI/USD | L +0.0004% / S −0.0005% | 1h | 8.9359 | −0.132% | $77K | — | 150x | as long as short |
| Injective UNI/USDC PERP | +0.0033% | 1h | 8.8300 | −1.315% | $660 | $153K | 12x | as long as short |
| dYdX UNI-USD | +0.0044% | 1h | 8.9407 | −0.079% | $235K | $30K | 10x | as long as short |
| Paradex UNI-USD-PERP | +0.0100% | 8h | 8.9375 | −0.114% | $26K | — | 20x | as long as short |
| Hyperliquid UNI | +0.0100% | 1h | 8.9435 | −0.047% | $95.4M | $67.7M | 10x | as long as short |
| Aster UNIUSDT | +0.0100% | 8h | 8.9374 | −0.115% | $726K | $3.2M | 50x | as long as short |
| Pacifica UNI | +0.0100% | 1h | 8.9392 | −0.095% | $289K | $567K | 10x | as long as short |
Nado UNI-PERP
Kraken Futures PF_UNIUSD
gTrade (Gains Network) UNI/USD
Injective UNI/USDC PERP
dYdX UNI-USD
Paradex UNI-USD-PERP
Hyperliquid UNI
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 | 8.9351 | −0.140% | $217.4M | $652.7M | 75x | as long as short |
| Bybit UNIUSDT | +0.0100% | 8h | 8.9320 | −0.175% | $99.2M | $110.6M | 75x | as long as short |
| OKX UNI-USDT-SWAP | +0.0100% | 8h | 8.9330 | −0.164% | $54.7M | $262.9M | 50x | as long as short |
| Arcus UNI-USD | +0.0100% | 1h | 8.9510 | +0.037% | $321K | $698K | 10x | as long as short |
| Gate UNI_USDT | +0.0100% | 8h | 8.9360 | −0.131% | $26.4M | $62.3M | 75x | as long as short |
| MEXC UNI_USDT | +0.0100% | 8h | 8.9360 | −0.131% | $48.1M | $25.2M | 200x | as long as short |
| KuCoin UNIUSDTM | +0.0100% | 8h | 8.9390 | −0.097% | $13.0M | $13.3M | 75x | as long as short |
| Bitget UNIUSDT | +0.0100% | 8h | 8.9330 | −0.164% | $32.7M | $45.6M | 75x | as long as short |
| BingX UNI-USDC | +0.0100% | 8h | 8.9350 | −0.142% | — | $6.5M | — | as long as short |
| Variational Omni UNI | +0.0100% | 8h | 8.9263 | −0.239% | $4.1M | $4.1M | — | as long as short |
| edgeX UNIUSDC | +0.0100% | 4h | 8.8764 | −0.797% | $168K | $348K | 20x | as long as short |
| GRVT UNI_USDT_Perp | +0.0100% | 8h | 8.9300 | −0.198% | $631K | $2.6M | 10x | as long as short |
| ApeX Omni UNIUSDT | +0.0100% | 1h | 8.8750 | −0.812% | $89K | $710K | 50x | as long as short |
| StandX UNI-USD | +0.0100% | 1h | 8.9160 | −0.354% | $14K | $3.5M | 20x | as long as short |
| Polymarket Perps UNI-USD | +0.0100% | 1h | 8.9410 | −0.075% | $105K | $617K | 10x | as long as short |
| Orderly PERP_UNI_USDC | +0.0100% | 8h | 8.9370 | −0.120% | $17K | $2.3M | 10x | as long as short |
| SunX UNI-USDT | +0.0100% | 8h | 8.9419 | −0.065% | $36K | $1.3M | 30x | as long as short |
| SoDEX UNI-USD | +0.0100% | 1h | 8.9365 | −0.125% | $32K | $883K | 10x | as long as short |
| HTX UNI-USDT | +0.0100% | 8h | 8.9389 | −0.098% | $706K | $4.7M | 75x | as long as short |
| Extended UNI-USD | +0.0104% | 1h | 8.9340 | −0.153% | $301K | $1.8M | 25x | as long as short |
| Aevo UNI-PERP | +0.0104% | 1h | 8.9406 | −0.079% | $32K | — | 3x | as long as short |
| 01 Exchange UNIUSD | +0.0112% | 1h | 8.9474 | −0.003% | $446 | $5 | 10x | as long as short |
| Deribit UNI_USDC-PERPETUAL | +0.0191% | 1h | 8.9466 | −0.013% | $593K | $273K | 50x | as long as short |
| Lighter UNIlong | +0.0208% | 1h | 8.9477 | long leg | $4.5M | $5.4M | 15x | |
| Coinbase International UNI-PERP-INTX | +0.0208% | 1h | 8.9450 | −0.030% | $931K | $5.5M | 50x | as long as short |
| BloFin UNI-USDT | +0.0220% | 8h | 8.9200 | −0.310% | $10.1M | $3.6M | 75x | as long as short |
| GMX UNI/USD [UNI-USDC] | L +0.0381% / S −0.0243% | 1h | 8.9332 | −0.162% | $636K | — | 120x | as long as short |
| Reya UNIRUSDPERP | +0.0382% | 1h | 8.9329 | −0.165% | $16K | — | 20x | as long as short |
| Aftermath Perps UNIUSD | +0.0405% | 1h | 8.9170 | −0.343% | $1K | $52K | 10x | as long as short |
| Backpack UNI_USDC_PERP | +0.0407% | 1h | 8.9438 | −0.044% | $1.1M | $2.5M | 10x | as long as short |
Binance UNIUSDT
Bybit UNIUSDT
OKX UNI-USDT-SWAP
Arcus UNI-USD
Gate UNI_USDT
MEXC UNI_USDT
KuCoin UNIUSDTM
Bitget UNIUSDT
BingX UNI-USDC
Variational Omni UNI
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
Extended UNI-USD
Aevo UNI-PERP
01 Exchange UNIUSD
Deribit UNI_USDC-PERPETUAL
Coinbase International UNI-PERP-INTX
BloFin UNI-USDT
GMX UNI/USD [UNI-USDC]
Reya UNIRUSDPERP
Aftermath Perps UNIUSD
Backpack UNI_USDC_PERP