UNI

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0002%/8h= −0.2% APRnext payment −$0.00 per $10,000 · paid last 24h −0.012%

Price spread now: Deribit against Arcus+0.021%7-day average −0.025% · 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−$42as in the Price arb table

costs, in and out, $10k−$470.470% of the position

Long on Arcus Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.025%+$3 on $10k

Price spread, last 3 days (all we have)+0.117%+$12 · spread now +0.021%, 7d avg −0.025%

Together, before fees+0.142%+$14 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Deribit is 0.046% dearer against Arcus than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus UNI-USD	8.9060	0.0100	pay 0.0013% / 1h	13m 07s	$274K	$621K	10x
Short	Deribit UNI_USDC-PERPETUAL	8.9079	0.0098	get 0.0012% / 1h	13m 07s	$566K	$157K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Arcus. 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 ArcusbpFee DeribitbpOrdersPrice spread, now +0.021%Rate

Funding earned: −$0.42
Price spread: +0.021% → −0.025%: $4.62
Slippage, 4 orders: −$35.46
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$42.76
Costs to cover: 0.470%
Break-even: never at this rate

Slippage from Arcus: live order book, 6 min ago; Deribit: 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 Arcus live order book, 6 min ago	3.93 bp	7.8 bp −$8	12.9 bp −$129	doesn't fit	doesn't fit
Sell Deribit live order book, 6 min ago	6.97 bp	10.5 bp −$10	19.8 bp −$198	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	−0.0045%	8h	8.9174	+0.128%	$3.9M	$4.5M	—	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	8.9052	−0.009%	$62K	—	150x	as long as short
Bybit UNIUSDT	+0.0005%	8h	8.9030	−0.034%	$101.5M	$104.7M	75x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−0.853%	$660	$155K	12x	as long as short
OKX UNI-USDT-SWAP	+0.0049%	8h	8.9100	+0.045%	$55.1M	$246.0M	50x	as long as short
01 Exchange UNIUSD	+0.0072%	1h	8.9050	−0.011%	$444	—	10x	as long as short
Deribit UNI_USDC-PERPETUALshort	+0.0098%	1h	8.9079	+0.021%	$566K	$157K	50x
Paradex UNI-USD-PERP	+0.0100%	8h	8.9027	−0.037%	$25K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.8985	−0.084%	$943K	$4.0M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.9096	+0.041%	$1.0M	$3.3M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica UNI	+0.0100%	1h	8.9058	−0.002%	$301K	$577K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.9060	0.000%	$218.8M	$589.4M	75x	as long as short
Arcus UNI-USDlong	+0.0100%	1h	8.9060	long leg	$274K	$621K	10x
Gate UNI_USDT	+0.0100%	8h	8.9080	+0.022%	$23.0M	$58.8M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.9090	+0.034%	$43.1M	$24.5M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.9080	+0.022%	$13.6M	$13.8M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.9070	+0.011%	$32.3M	$41.3M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	8.9080	+0.022%	—	$51.7M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.9127	+0.075%	$990K	$2.3M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8836	−0.251%	$167K	$344K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8880	−0.202%	$627K	$2.5M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8860	−0.225%	$88K	$712K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.9200	+0.157%	$106K	$3.2M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.9040	−0.022%	$87K	$355K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.9020	−0.045%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.9003	−0.064%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.9049	−0.012%	$25K	$666K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.9194	+0.150%	$731K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.9070	+0.011%	$26.8M	$4.4M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8995	−0.073%	$302K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.9048	−0.014%	$32K	$1K	3x	as long as short
dYdX UNI-USD	+0.0115%	1h	8.9052	−0.009%	$247K	$6K	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.9070	+0.011%	$9.9M	$3.4M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0224%	1h	8.9130	+0.079%	$1.1M	$5.3M	50x	as long as short
Kraken Futures PF_UNIUSD	+0.0340%	1h	8.9099	+0.044%	$5.0M	$7.0M	50x	as long as short
Reya UNIRUSDPERP	+0.0362%	1h	8.9025	−0.040%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0379% / S −0.0319%	1h	8.9036	−0.027%	$558K	—	120x	as long as short
Hyperliquid UNI	+0.0402%	1h	8.9220	+0.180%	$98.2M	$59.3M	10x	as long as short
Lighter UNI	+0.0640%	1h	8.9231	+0.192%	$4.6M	$5.2M	15x	as long as short
Aftermath Perps UNIUSD	+0.0650%	1h	8.9045	−0.016%	$1K	$49K	10x	as long as short