UNI

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0371%/8h= +40.6% APRnext payment +$0.46 per $10,000 · paid last 24h +0.036%

Price spread now: Hyperliquid against SoDEX+0.121%51s7-day average +0.105% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$330.328% of the position

Long on SoDEX Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.105%+$10 on $10k

Price spread, last 3 days (all we have)−0.617%−$62 · spread now +0.121%, 7d avg +0.105%

Together, before fees−0.513%+ Points / potential airdropHyperliquid: Season 2 · farm board−$51 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.105%, so right now this pair is about funding alone: +$11 a day on $10k at the current rate. The two prices were read 51 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 3 days it paid 0.105% in total (about 12.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.46 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	SoDEX UNI-USD	8.8221	0.0100	pay 0.0013% / 1h	53m 24s	$28K	$659K	10x
Short	Hyperliquid UNI	8.8328	0.0471	get 0.0059% / 1h	53m 24s	$95.9M	$59.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against SoDEX. 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 SoDEXbpFee HyperliquidbpOrdersPrice spread, now +0.121%Rate

Funding earned: $77.95
Price spread: +0.121% → +0.105%: $1.67
Slippage, 4 orders: −$15.76
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $46.86
Costs to cover: 0.328%
Break-even: 2.8 days

Slippage from SoDEX: live order book, 35 min ago; Hyperliquid: live order book, 10 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 SoDEX live order book, 35 min ago	0.57 bp	9.0 bp −$9	28.1 bp −$281	135.3 bp −$13.5K	doesn't fit
Sell Hyperliquid live order book, 10 min ago	0.28 bp	7.2 bp −$7	doesn't fit	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	−0.0201%	8h	8.8015	−0.234%	$3.9M	$4.9M	—	as long as short
Bybit UNIUSDT	−0.0192%	8h	8.8140	−0.092%	$102.7M	$103.9M	75x	as long as short
01 Exchange UNIUSD	−0.0072%	1h	8.8233	+0.014%	$440	—	10x	as long as short
Deribit UNI_USDC-PERPETUAL	0.0000%	1h	8.8279	+0.065%	$551K	$125K	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0006%	1h	8.8253	+0.036%	$79K	—	150x	as long as short
OKX UNI-USDT-SWAP	+0.0011%	8h	8.8150	−0.080%	$54.3M	$244.8M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8203	−0.020%	$25K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.8170	−0.058%	$852K	$3.9M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.8328	+0.122%	$1.0M	$3.4M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.8203	−0.021%	$297K	$559K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance UNIUSDT	+0.0100%	8h	8.8192	−0.032%	$216.0M	$593.8M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.8350	+0.146%	$273K	$605K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.8210	−0.012%	$22.9M	$58.8M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.8210	−0.012%	$42.7M	$24.4M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.8210	−0.012%	$13.7M	$13.7M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8170	−0.058%	$31.9M	$41.0M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.8190	−0.035%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8292	+0.080%	$978K	$2.4M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8265	+0.050%	$166K	$342K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8310	+0.101%	$619K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8040	−0.205%	$83K	$713K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8180	−0.046%	$105K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.8230	+0.010%	$87K	$335K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8200	−0.024%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.8177	−0.050%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USDlong	+0.0100%	1h	8.8221	long leg	$28K	$659K	10x
HTX UNI-USDT	+0.0100%	8h	8.8246	+0.028%	$721K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8230	+0.010%	$26.6M	$4.4M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8137	−0.096%	$307K	$1.4M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8233	+0.014%	$31K	$1K	3x	as long as short
Coinbase International UNI-PERP-INTX	+0.0200%	1h	8.8250	+0.033%	$1.0M	$5.3M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.8380	+0.180%	$9.8M	$3.3M	75x	as long as short
Kraken Futures PF_UNIUSD	+0.0270%	1h	8.8268	+0.053%	$4.9M	$7.1M	50x	as long as short
dYdX UNI-USD	+0.0308%	1h	8.8218	−0.003%	$244K	$5K	10x	as long as short
Reya UNIRUSDPERP	+0.0359%	1h	8.8184	−0.042%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0380% / S −0.0320%	1h	8.8240	+0.022%	$553K	—	120x	as long as short
Lighter UNI	+0.0464%	1h	8.8330	+0.124%	$4.5M	$5.3M	15x	as long as short
Hyperliquid UNIshort	+0.0471%	1h	8.8328	+0.121%	$95.9M	$59.6M	10x
Aftermath Perps UNIUSD	+0.0501%	1h	8.8219	−0.002%	$1K	$50K	10x	as long as short
Injective UNI/USDC PERP	+0.2702%	1h	8.7900	−0.364%	$657	$97K	12x	as long as short