UNI

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h +0.189%

Price spread now: Lighter against Backpack+0.007%7-day average −0.418% · you sell dearer than you buy

Net, funding: paid 7d − costs+$7as in the Funding arb table

Net, price: spread back to 7d avg − costs+$17as in the Price arb table

costs, in and out, $10k−$250.253% of the position

Long on Backpack Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.320%+$32 on $10k

Price spread, last 7 days+0.053%+$5 · spread now +0.007%, 7d avg −0.418%

Together, before fees+0.372%+ Points / potential airdropLighter: Season 3 · farm board+$37 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: Lighter is 0.425% dearer against Backpack than usual: you sell high and buy low, +$42 on $10k if it goes back to its 7-day average of −0.418%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack UNI_USDC_PERP	9.0351	0.0100	pay 0.0013% / 1h	49m 38s	$1.0M	$2.3M	10x
Short	Lighter UNI	9.0357	0.0096	get 0.0012% / 1h	49m 38s	$4.6M	$5.8M	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Backpack. 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 BackpackbpFee LighterbpOrdersPrice spread, now +0.007%Rate

Funding earned: −$0.84
Price spread: +0.007% → −0.418%: $42.47
Slippage, 4 orders: −$15.25
Fee Backpack: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: $16.38
Costs to cover: 0.253%
Break-even: from the start

Slippage from Backpack: live order book, 4 min ago; Lighter: live order book, 8 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 Backpack live order book, 4 min ago	0.05 bp	6.4 bp −$6	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 8 min ago	1.32 bp	8.5 bp −$8	17.8 bp −$178	119.5 bp −$11.9K	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
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	9.0266	−0.095%	$37K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−2.270%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0064%	1h	9.0241	−0.122%	$450	$5	10x	as long as short
Lighter UNIshort	+0.0096%	1h	9.0357	+0.007%	$4.6M	$5.8M	15x
Nado UNI-PERP	+0.0100%	1h	9.0280	−0.079%	$966K	$4.4M	10x	as long as short
Hyperliquid UNI	+0.0100%	1h	9.0319	−0.035%	$97.6M	$62.1M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.0271	−0.088%	$812K	$3.5M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.0244	−0.119%	$293K	$605K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.0260	−0.101%	$221.8M	$641.0M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.0220	−0.145%	$101.4M	$111.4M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX UNI-USDT-SWAP	+0.0100%	8h	9.0200	−0.167%	$54.9M	$260.9M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.0320	−0.034%	$315K	$653K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.0220	−0.145%	$23.7M	$63.3M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0230	−0.134%	$47.5M	$25.5M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0200	−0.167%	$13.5M	$13.2M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0220	−0.145%	$33.2M	$45.2M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	9.0220	−0.145%	—	$56.6M	—	as long as short
Backpack UNI_USDC_PERPlong	+0.0100%	1h	9.0351	long leg	$1.0M	$2.3M	10x
Variational Omni UNI	+0.0100%	8h	9.0039	−0.345%	$4.2M	$4.1M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.0450	+0.109%	$171K	$345K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0380	+0.032%	$640K	$2.8M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0480	+0.143%	$95K	$701K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0260	−0.101%	$15K	$3.4M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.0331	−0.022%	$86K	$431K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.0210	−0.156%	$16K	$1.5M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.0314	−0.041%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.0265	−0.095%	$22K	$801K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.0378	+0.030%	$722K	$4.8M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.0330	−0.023%	$27.3M	$4.4M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.0187	−0.182%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0165	−0.206%	$291K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0236	−0.127%	$32K	—	3x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0204%	1h	9.0290	−0.067%	$578K	$207K	50x	as long as short
Coinbase International UNI-PERP-INTX	+0.0216%	1h	9.0330	−0.023%	$945K	$5.8M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.0020	−0.366%	$10.2M	$3.6M	75x	as long as short
Kraken Futures PF_UNIUSD	+0.0269%	1h	9.0342	−0.009%	$5.0M	$8.0M	50x	as long as short
Reya UNIRUSDPERP	+0.0374%	1h	9.0258	−0.103%	$16K	—	20x	as long as short
dYdX UNI-USD	+0.0375%	1h	9.0235	−0.129%	$238K	$30K	10x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.0278	−0.081%	$643K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0891%	1h	9.0430	+0.087%	$1K	$46K	10x	as long as short