Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0084%/8h= +9.2% APRpaid last 24h +0.191%

Price spread now: Lighter against Bitget+0.111%7-day average +0.145% · you sell dearer than you buy

Net, funding: paid 7d − costs+$6as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$320.323% of the position

Long on Bitget Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.382%+$38 on $10k

Price spread, last 7 days−0.042%−$4 · spread now +0.111%, 7d avg +0.145%

Together, before fees+0.340%+ Points / potential airdropLighter: Season 3 · farm board+$34 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter is 0.034% cheaper against Bitget than usual: you would sell low and buy high (spread +0.111% now, against its 7-day average of +0.145%). If the spread goes back, that is −$3 on $10k: about 32 hours of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.382% in total) that is about 15 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget UNIUSDT	9.0930	0.0100	pay 0.0100% / 8h	4h 22m	$33.6M	$44.8M	75x
Short	Lighter UNI	9.1031	0.0184	get 0.0023% / 1h	22m 16s	$4.6M	$5.8M	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Bitget. 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 BitgetbpFee LighterbpOrdersPrice spread, now +0.111%Rate

Funding earned: $17.64
Price spread: +0.111% → +0.145%: −$3.37
Slippage, 4 orders: −$20.25
Fee Bitget: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$17.98
Costs to cover: 0.323%
Break-even: 14.1 days

Slippage from Bitget: live order book, 2 min ago; Lighter: 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 Bitget live order book, 2 min ago	0.55 bp	9.5 bp −$9	15.6 bp −$156	37.3 bp −$3,733	doesn't fit
Sell Lighter live order book, 6 min ago	1.60 bp	4.2 bp −$4	18.7 bp −$187	128.5 bp −$12.8K	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 −0.0005%	1h	9.0977	+0.052%	$41K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−2.892%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0064%	1h	9.1065	+0.148%	$454	$5	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.1005	+0.082%	$894K	$4.4M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.1083	+0.168%	$835K	$3.5M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.0806	−0.136%	$295K	$599K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.0916	−0.015%	$223.6M	$637.2M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.0800	−0.143%	$102.1M	$110.9M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.0840	−0.099%	$55.3M	$261.4M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.1150	+0.242%	$315K	$651K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate UNI_USDT	+0.0100%	8h	9.0970	+0.044%	$23.7M	$63.7M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0980	+0.055%	$48.0M	$25.4M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.1060	+0.143%	$13.6M	$13.2M	75x	as long as short
Bitget UNIUSDTlong	+0.0100%	8h	9.0930	long leg	$33.6M	$44.8M	75x
BingX UNI-USDC	+0.0100%	8h	9.0960	+0.033%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.0878	−0.057%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.0398	−0.585%	$4.3M	$4.1M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.0620	−0.341%	$171K	$344K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0350	−0.638%	$640K	$2.8M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0730	−0.220%	$93K	$700K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0630	−0.330%	$15K	$3.4M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.1040	+0.121%	$88K	$427K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.0960	+0.033%	$16K	$1.5M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.1105	+0.192%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.0910	−0.022%	$22K	$790K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.1120	+0.209%	$728K	$4.6M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.0890	−0.044%	$27.5M	$4.4M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.0825	−0.115%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0929	−0.001%	$293K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0975	+0.049%	$32K	—	3x	as long as short
dYdX UNI-USD	+0.0128%	1h	9.0783	−0.162%	$239K	$30K	10x	as long as short
Lighter UNIshort	+0.0184%	1h	9.1031	+0.111%	$4.6M	$5.8M	15x
Deribit UNI_USDC-PERPETUAL	+0.0208%	1h	9.1014	+0.093%	$583K	$193K	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.0770	−0.176%	$10.3M	$3.6M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0248%	1h	9.0990	+0.066%	$1.1M	$5.7M	50x	as long as short
Kraken Futures PF_UNIUSD	+0.0269%	1h	9.0983	+0.058%	$5.0M	$7.9M	50x	as long as short
Hyperliquid UNI	+0.0363%	1h	9.1077	+0.162%	$98.6M	$62.4M	10x	as long as short
Reya UNIRUSDPERP	+0.0373%	1h	9.0956	+0.029%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.0970	+0.044%	$648K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0989%	1h	9.0679	−0.276%	$914	$46K	10x	as long as short