Funding you earn now, next payment 09:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h +0.171%
Price spread now: Injective against Bybit−0.976%108s7-day average +0.083% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.379%−$38 on $10k
+Price spread, last 4 days (all we have)+1.276%+$128 · spread now −0.976%, 7d avg +0.083%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 1.059% cheaper against Bybit than usual: you would sell low and buy high (−$106 if the spread goes back to its 7-day average of +0.083%). Swap the legs. The two prices were read 108 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit UNIUSDT | 8.9170 | 0.0100 | pay 0.0100% / 8h | 7h 35m | $98.9M | $110.0M | 75x |
| Short | Injective UNI/USDC PERP | 8.8300 | 0.0033 | get 0.0004% / 1h | 35m 32s | $660 | $153K | 12x |
Bybit UNIUSDT
Injective UNI/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Bybit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$14
- Price spread: −0.976% → +0.083%
- −$105.87
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$130.89
- Costs to cover
- 0.110%
- Break-even
- never at this rate
Slippage unknown: Bybit: live order book, 3 min ago; Injective: no order-book sample. Net counts fees only.
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 Bybit live order book, 3 min ago | 0.56 bp | 9.0 bp −$9 | 18.7 bp −$187 | 38.1 bp −$3,810 | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_UNIUSD | −0.0062% | 1h | 8.9163 | −0.007% | $4.7M | $8.5M | 50x | as long as short |
| gTrade (Gains Network) UNI/USD | L +0.0004% / S −0.0005% | 1h | 8.9228 | +0.065% | $77K | — | 150x | as long as short |
| Injective UNI/USDC PERPshort | +0.0033% | 1h | 8.8300 | −0.976% | $660 | $153K | 12x | |
| Deribit UNI_USDC-PERPETUAL | +0.0085% | 1h | 8.9163 | −0.008% | $591K | $273K | 50x | as long as short |
| Nado UNI-PERP | +0.0087% | 1h | 8.9155 | −0.017% | $734K | $4.6M | 10x | as long as short |
| Paradex UNI-USD-PERP | +0.0100% | 8h | 8.9157 | −0.014% | $25K | — | 20x | as long as short |
| Aster UNIUSDT | +0.0100% | 8h | 8.9280 | +0.123% | $730K | $3.3M | 50x | as long as short |
| Pacifica UNI | +0.0100% | 1h | 8.9199 | +0.033% | $288K | $565K | 10x | as long as short |
| Binance UNIUSDT | +0.0100% | 8h | 8.9217 | +0.053% | $217.2M | $647.0M | 75x | as long as short |
| Bybit UNIUSDTlong | +0.0100% | 8h | 8.9170 | long leg | $98.9M | $110.0M | 75x |
Kraken Futures PF_UNIUSD
gTrade (Gains Network) UNI/USD
Deribit UNI_USDC-PERPETUAL
Nado UNI-PERP
Paradex UNI-USD-PERP
Aster UNIUSDT
Pacifica UNI
Binance UNIUSDTShow all 40 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX UNI-USDT-SWAP | +0.0100% | 8h | 8.9150 | −0.022% | $54.6M | $261.2M | 50x | as long as short |
| Arcus UNI-USD | +0.0100% | 1h | 8.9230 | +0.067% | $323K | $701K | 10x | as long as short |
| Gate UNI_USDT | +0.0100% | 8h | 8.9210 | +0.045% | $26.8M | $62.7M | 75x | as long as short |
| MEXC UNI_USDT | +0.0100% | 8h | 8.9150 | −0.022% | $47.7M | $25.4M | 200x | as long as short |
| KuCoin UNIUSDTM | +0.0100% | 8h | 8.9200 | +0.034% | $13.0M | $13.2M | 75x | as long as short |
| Bitget UNIUSDT | +0.0100% | 8h | 8.9210 | +0.045% | $33.2M | $45.9M | 75x | as long as short |
| BingX UNI-USDC | +0.0100% | 8h | 8.9200 | +0.034% | — | $6.5M | — | as long as short |
| Variational Omni UNI | +0.0100% | 8h | 8.9080 | −0.101% | $4.1M | $4.0M | — | as long as short |
| edgeX UNIUSDC | +0.0100% | 4h | 8.9005 | −0.185% | $168K | $346K | 20x | as long as short |
| GRVT UNI_USDT_Perp | +0.0100% | 8h | 8.8997 | −0.193% | $622K | $2.6M | 10x | as long as short |
| ApeX Omni UNIUSDT | +0.0100% | 1h | 8.9170 | 0.000% | $90K | $709K | 50x | as long as short |
| StandX UNI-USD | +0.0100% | 1h | 8.9090 | −0.090% | $14K | $3.5M | 20x | as long as short |
| Polymarket Perps UNI-USD | +0.0100% | 1h | 8.9254 | +0.094% | $104K | $615K | 10x | as long as short |
| Orderly PERP_UNI_USDC | +0.0100% | 8h | 8.9070 | −0.112% | $17K | $2.4M | 10x | as long as short |
| SunX UNI-USDT | +0.0100% | 8h | 8.9130 | −0.045% | $36K | $1.3M | 30x | as long as short |
| SoDEX UNI-USD | +0.0100% | 1h | 8.9108 | −0.070% | $32K | $890K | 10x | as long as short |
| HTX UNI-USDT | +0.0100% | 8h | 8.9145 | −0.028% | $706K | $4.7M | 75x | as long as short |
| Phemex UNIUSDT | +0.0100% | 8h | 8.9130 | −0.045% | $26.9M | $4.4M | 50x | as long as short |
| Extended UNI-USD | +0.0104% | 1h | 8.9166 | −0.004% | $300K | $1.8M | 25x | as long as short |
| 01 Exchange UNIUSD | +0.0104% | 1h | 8.9265 | +0.107% | $445 | $5 | 10x | as long as short |
| Aevo UNI-PERP | +0.0104% | 1h | 8.9111 | −0.066% | $32K | — | 3x | as long as short |
| Lighter UNI | +0.0120% | 1h | 8.9297 | +0.142% | $4.5M | $5.4M | 15x | as long as short |
| Hyperliquid UNI | +0.0159% | 1h | 8.9277 | +0.120% | $95.3M | $67.6M | 10x | as long as short |
| Coinbase International UNI-PERP-INTX | +0.0208% | 1h | 8.9260 | +0.101% | $929K | $5.4M | 50x | as long as short |
| Backpack UNI_USDC_PERP | +0.0218% | 1h | 8.9209 | +0.044% | $1.1M | $2.5M | 10x | as long as short |
| BloFin UNI-USDT | +0.0220% | 8h | 8.9110 | −0.067% | $10.2M | $3.6M | 75x | as long as short |
| GMX UNI/USD [UNI-USDC] | L +0.0381% / S −0.0244% | 1h | 8.9104 | −0.075% | $634K | — | 120x | as long as short |
| Reya UNIRUSDPERP | +0.0382% | 1h | 8.9103 | −0.075% | $16K | — | 20x | as long as short |
| Aftermath Perps UNIUSD | +0.0399% | 1h | 8.9177 | +0.008% | $1K | $52K | 10x | as long as short |
| dYdX UNI-USD | +0.0555% | 1h | 8.9139 | −0.035% | $234K | $31K | 10x | as long as short |
OKX UNI-USDT-SWAP
Arcus UNI-USD
Gate UNI_USDT
MEXC UNI_USDT
KuCoin UNIUSDTM
Bitget UNIUSDT
BingX UNI-USDC
Variational Omni UNI
edgeX UNIUSDC
GRVT UNI_USDT_Perp
ApeX Omni UNIUSDT
StandX UNI-USD
Polymarket Perps UNI-USD
Orderly PERP_UNI_USDC
SunX UNI-USDT
SoDEX UNI-USD
HTX UNI-USDT
Phemex UNIUSDT
Extended UNI-USD
01 Exchange UNIUSD
Aevo UNI-PERP
Lighter UNI
Hyperliquid UNI
Coinbase International UNI-PERP-INTX
Backpack UNI_USDC_PERP
BloFin UNI-USDT
GMX UNI/USD [UNI-USDC]
Reya UNIRUSDPERP
Aftermath Perps UNIUSD
dYdX UNI-USD