UNI

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	Variational OmniUNI	8.8003	+0.0093	pay 0.0093% / 8h	7h 34m	$4.2M	$1.3M	50x	Long Variational Omni+15% pts
SHORT	PhoenixUNI	8.8056	−0.0073	pay 0.0009% / 1h	34m 11s	$3K	$266K	10x	Short Phoenix

Price gap+0.060%84s

Funding gap−0.0165% /8h

Both sides work against this direction now: funding costs $5 a day on $10k and the gap is 0.043% under its 7d average. Swap the legs.

The two prices were read 84 s apart: part of this gap may be the market moving.

If you open now and hold

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

Funding−$52−0.0165% /8h now · paid −0.519% over the last 7D

Price—spread +0.060%84s now · prices read too far apart to compare

Costs−$520.516% of $10k · taker + slippage, in and out

Result—+ Points / potential airdropVariational Omni: points · farm boardneeds both prices read together

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 Variational Omninow

RANGE STATS · 7D

Now+0.060%

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

2 ok · 4 to watch

Watch: Thin at this size9.7 / 16.7 bp
At $10k entering Phoenix costs 16.7 bp, fee and slippage, 1.7× Variational Omni’s.
Note: Margin at max leverage$200 + $1,000
Variational Omni 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: −$4.96Long Variational Omni: 3 payments, −$2.79; short Phoenix: 24 payments, −$2.18.
Watch: Prices read 84 s apart+0.060% vs +0.103%
Part of this gap may be the market moving.
Watch: Short leg is thinner$3K vs $4.2M OI
Phoenix sets your exit cost. Check its book before closing.
OK: Points on a legVariational Omni points
Volume here counts toward the points program.
OK: No KYC on either legVariational Omni No · Phoenix No
Both exchanges let you trade without ID.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned−0.0247%/8h × 21 periods−$51.87

Price spreadprices read too far apart to compare—

Slippage, 4 orderslive order books−$44.63

Fee Variational Omni bp × 2 orders$0.00

Fee Phoenix bp × 2 orders−$7.00

Net · 7 days · $10k−$103.50

price spread not counted: prices read too far apart

Costs to cover0.516%Break-evennever at this rate

Slippage: Variational Omni: RFQ quote, 5 min ago; Phoenix: live order book, 33 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGVariational Omni3.279.7 bp−$1013.9 bp−$139doesn’t fitdoesn’t fit

SELL · SHORTPhoenix1.4716.7 bp−$1762.7 bp−$627doesn’t fitdoesn’t fit

Closing costs about the same again.

UNI news

posts that mention UNI, from every exchangeSearch all news →

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09-24 06:34	Bullet	Listing	new market UNI-USD ($UNI) seen by our collector
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UNI