Funding you earn now, next payment 22:00 UTC+0.2602%/8h= +284.9% APRpaid last 24h +0.141%
Price spread now: Injective against Orderly−0.453%58s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.590%−$59 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Funding pays, the price is against you. Injective is 0.453% cheaper against Orderly than usual: you would sell low and buy high (spread −0.453% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$45 on $10k: about 14 hours of funding at the current rate (+$78 a day). Mind the row above: over the last 7 days funding on this pair cost −0.590%, so the current rate has only just turned in your favour. The two prices were read 58 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.590% in total (about -30.7% 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 | Orderly PERP_UNI_USDC | 8.8300 | 0.0100 | pay 0.0100% / 8h | 2h 37m | $16K | $1.7M | 10x |
| Short | Injective UNI/USDC PERP | 8.7900 | 0.2702 | get 0.0338% / 1h | 37m 44s | $657 | $97K | 12x |
Orderly PERP_UNI_USDC
Injective UNI/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Orderly. 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
- $546.35
- Price spread: −0.453% → 0.000%
- −$45.3
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $495.03
- Costs to cover
- 0.060%
- Break-even
- 0.7 days
Slippage unknown: Orderly: no order-book sample; Injective: no order-book sample. Net counts fees only.
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 Orderly no order-book sample | — | — | — | — | — |
| Sell Injective no order-book sample | — | — | — | — | — |
Orderly and Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0193% | 8h | 8.8610 | +0.352% | $3.9M | $4.6M | — | as long as short |
| Bybit UNIUSDT | −0.0166% | 8h | 8.8460 | +0.181% | $102.2M | $104.4M | 75x | as long as short |
| 01 Exchange UNIUSD | −0.0016% | 1h | 8.8325 | +0.028% | $441 | — | 10x | as long as short |
| Deribit UNI_USDC-PERPETUAL | 0.0000% | 1h | 8.8380 | +0.091% | $552K | $125K | 50x | as long as short |
| gTrade (Gains Network) UNI/USD | L +0.0004% / S −0.0006% | 1h | 8.8341 | +0.047% | $79K | — | 150x | as long as short |
| OKX UNI-USDT-SWAP | +0.0011% | 8h | 8.8430 | +0.147% | $54.4M | $245.3M | 50x | as long as short |
| Paradex UNI-USD-PERP | +0.0100% | 8h | 8.8425 | +0.141% | $25K | — | 20x | as long as short |
| Nado UNI-PERP | +0.0100% | 1h | 8.8225 | −0.085% | $855K | $3.9M | 10x | as long as short |
| Aster UNIUSDT | +0.0100% | 8h | 8.8408 | +0.122% | $1.0M | $3.4M | 50x | as long as short |
| Pacifica UNI | +0.0100% | 1h | 8.8428 | +0.144% | $296K | $561K | 10x | as long as short |
Variational Omni UNI
Bybit UNIUSDT
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 | 8.8419 | +0.135% | $216.3M | $593.5M | 75x | as long as short |
| Arcus UNI-USD | +0.0100% | 1h | 8.8520 | +0.249% | $273K | $612K | 10x | as long as short |
| Gate UNI_USDT | +0.0100% | 8h | 8.8440 | +0.159% | $22.9M | $59.0M | 75x | as long as short |
| MEXC UNI_USDT | +0.0100% | 8h | 8.8400 | +0.113% | $42.7M | $24.5M | 200x | as long as short |
| KuCoin UNIUSDTM | +0.0100% | 8h | 8.8400 | +0.113% | $13.7M | $13.6M | 75x | as long as short |
| Bitget UNIUSDT | +0.0100% | 8h | 8.8430 | +0.147% | $31.9M | $41.0M | 75x | as long as short |
| BingX UNI-USDT | +0.0100% | 8h | 8.8460 | +0.181% | — | $49.8M | — | as long as short |
| Backpack UNI_USDC_PERP | +0.0100% | 1h | 8.8390 | +0.102% | $981K | $2.3M | 10x | as long as short |
| edgeX UNIUSDC | +0.0100% | 4h | 8.8598 | +0.337% | $167K | $342K | 20x | as long as short |
| GRVT UNI_USDT_Perp | +0.0100% | 8h | 8.8604 | +0.344% | $625K | $2.6M | 10x | as long as short |
| ApeX Omni UNIUSDT | +0.0100% | 1h | 8.8660 | +0.408% | $84K | $711K | 50x | as long as short |
| StandX UNI-USD | +0.0100% | 1h | 8.8640 | +0.385% | $105K | $3.2M | 20x | as long as short |
| Polymarket Perps UNI-USD | +0.0100% | 1h | 8.8306 | +0.007% | $87K | $323K | 10x | as long as short |
| Orderly PERP_UNI_USDClong | +0.0100% | 8h | 8.8300 | long leg | $16K | $1.7M | 10x | |
| SunX UNI-USDT | +0.0100% | 8h | 8.8345 | +0.051% | $36K | $1.3M | 30x | as long as short |
| SoDEX UNI-USD | +0.0100% | 1h | 8.8343 | +0.049% | $25K | $661K | 10x | as long as short |
| HTX UNI-USDT | +0.0100% | 8h | 8.8388 | +0.100% | $722K | $4.3M | 75x | as long as short |
| Phemex UNIUSDT | +0.0100% | 8h | 8.8380 | +0.091% | $26.7M | $4.3M | 50x | as long as short |
| Extended UNI-USD | +0.0104% | 1h | 8.8441 | +0.160% | $299K | $1.4M | 25x | as long as short |
| Aevo UNI-PERP | +0.0104% | 1h | 8.8348 | +0.054% | $31K | $1K | 3x | as long as short |
| dYdX UNI-USD | +0.0118% | 1h | 8.8442 | +0.161% | $245K | $5K | 10x | as long as short |
| Coinbase International UNI-PERP-INTX | +0.0200% | 1h | 8.8340 | +0.045% | $1.0M | $5.3M | 50x | as long as short |
| BloFin UNI-USDT | +0.0220% | 8h | 8.8230 | −0.079% | $9.7M | $3.3M | 75x | as long as short |
| Kraken Futures PF_UNIUSD | +0.0269% | 1h | 8.8389 | +0.101% | $4.9M | $7.1M | 50x | as long as short |
| Hyperliquid UNI | +0.0341% | 1h | 8.8535 | +0.266% | $96.3M | $59.8M | 10x | as long as short |
| Reya UNIRUSDPERP | +0.0359% | 1h | 8.8279 | −0.023% | $16K | — | 20x | as long as short |
| GMX UNI/USD [UNI-USDC] | L +0.0379% / S −0.0320% | 1h | 8.8342 | +0.048% | $554K | — | 120x | as long as short |
| Aftermath Perps UNIUSD | +0.0467% | 1h | 8.8447 | +0.167% | $1K | $50K | 10x | as long as short |
| Lighter UNI | +0.0528% | 1h | 8.8575 | +0.311% | $4.5M | $5.4M | 15x | as long as short |
| Injective UNI/USDC PERPshort | +0.2702% | 1h | 8.7900 | −0.453% | $657 | $97K | 12x |
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
SunX UNI-USDT
SoDEX UNI-USD
HTX UNI-USDT
Phemex UNIUSDT
Extended UNI-USD
Aevo UNI-PERP
dYdX UNI-USD
Coinbase International UNI-PERP-INTX
BloFin UNI-USDT
Kraken Futures PF_UNIUSD
Hyperliquid UNI
Reya UNIRUSDPERP
GMX UNI/USD [UNI-USDC]
Aftermath Perps UNIUSD
Lighter UNI