UNI

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	PhemexUNIUSDT	8.7530	+0.0100	pay 0.0100% / 8h	52m 43s	$25.2M	$5.6M	50x	Long Phemex
SHORT	PhoenixUNI	8.7678	−0.0054	pay 0.0007% / 1h	52m 43s	$3K	$266K	10x	Short Phoenix

Price gap+0.169%

Funding gap−0.0154% /8h

The gap pays +$14 on $10k if it goes back to its 7d average, but funding costs $5 a day and eats that in about 3.1 days.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding−$64−0.0154% /8h now · paid −0.645% over the last 7D

Price+$14spread +0.169% now, avg +0.025% → +0.144% if it goes back

Costs−$540.537% of $10k · taker + slippage, in and out

Result−$104−1.04%no pointsWhat the last 7D really paid, hour by hour → backtest

Funding history

you earnyou payavg

RANGE STATS · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Short leg rate minus long leg rate, per 8h. Above zero: the pair pays you.

Price spread between the two exchanges

Phoenix price against Phemexnow

RANGE STATS · 7D

Now+0.169%

Average—

Range—

Wider than now—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

UNI on 41 exchanges

lowest funding first

Before you open

1 ok · 4 to watch

Watch: Large against open interest13.3 / 13.1 bp
$10k is over 10% of Phoenix’s open interest.
Note: Margin at max leverage$200 + $1,000
Phemex 50x, Phoenix 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
Watch: Payment intervals differ8h / 1h
Payments land at different times. Close right after the slower leg pays.
Next 24h at the current rates, on $10k a leg: −$4.63Long Phemex: 3 payments, −$3.00; short Phoenix: 24 payments, −$1.63.
OK: Entry gap works for you+0.169% vs +0.025%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Short leg is thinner$3K vs $25.2M OI
Phoenix sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCPhemex Yes · Phoenix No
KYC unlocks spot and futures trading; an unverified account cannot withdraw at all.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned−0.0307%/8h × 21 periods−$64.47

Price spread+0.169% → +0.025% (7d avg)+$14.41

Slippage, 4 orderslive order books−$34.70

Fee Phemex bp × 2 orders−$12.00

Fee Phoenix bp × 2 orders−$7.00

Net · 7 days · $10k−$103.76

Costs to cover0.537%Break-evennever at this rate

Slippage: Phemex: live order book, 6 min ago; Phoenix: live order book, 19 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGPhemex2.8613.3 bp−$1320.1 bp−$201doesn’t fitdoesn’t fit

SELL · SHORTPhoenix1.0313.1 bp−$1346.5 bp−$465doesn’t fitdoesn’t fit

Closing costs about the same again.

UNI news

posts that mention UNI, from every exchangeSearch all news →

09-30 01:05	Reya	Listing	UNIRUSDPERP no longer reported ($UNI) seen by our collector
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09-24 06:34	Bullet	Listing	new market UNI-USD ($UNI) seen by our collector
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UNI