UNI

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0086%/8h= +9.4% APRnext payment +$0.11 per $10,000 · paid last 24h +0.012%

Price spread now: Arcus against Deribit+0.072%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 Deribit Short on Arcus

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)−0.210%−$21 · spread now +0.072%, 7d avg +0.025%

Together, before fees−0.235%−$23 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Arcus is 0.046% dearer against Deribit than usual: you sell high and buy low: +$5 more if the spread 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	Deribit UNI_USDC-PERPETUAL	8.9196	0.0014	pay 0.0002% / 1h	14m 01s	$567K	$157K	50x
Short	Arcus UNI-USD	8.9260	0.0100	get 0.0013% / 1h	14m 01s	$275K	$621K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Deribit. 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 DeribitbpFee ArcusbpOrdersPrice spread, now +0.072%Rate

Funding earned: $18.06
Price spread: +0.072% → +0.025%: $4.65
Slippage, 4 orders: −$35.46
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$24.25
Costs to cover: 0.470%
Break-even: 16.4 days

Slippage from Deribit: live order book, 5 min ago; Arcus: live order book, 5 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 Deribit live order book, 5 min ago	6.97 bp	17.5 bp −$17	24.3 bp −$243	doesn't fit	doesn't fit
Sell Arcus live order book, 5 min ago	3.93 bp	11.2 bp −$11	13.9 bp −$139	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	−0.025%	$3.9M	$4.5M	—	as long as short
Bybit UNIUSDT	+0.0004%	8h	8.9020	−0.197%	$101.6M	$104.7M	75x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	8.9186	−0.011%	$62K	—	150x	as long as short
Deribit UNI_USDC-PERPETUALlong	+0.0014%	1h	8.9196	long leg	$567K	$157K	50x
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−1.005%	$660	$155K	12x	as long as short
OKX UNI-USDT-SWAP	+0.0048%	8h	8.9010	−0.209%	$55.1M	$245.7M	50x	as long as short
01 Exchange UNIUSD	+0.0064%	1h	8.9221	+0.028%	$445	—	10x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.9182	−0.016%	$25K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.9205	+0.010%	$945K	$4.0M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.9143	−0.060%	$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	8.9252	+0.063%	$301K	$577K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.9040	−0.175%	$218.8M	$589.4M	75x	as long as short
Arcus UNI-USDshort	+0.0100%	1h	8.9260	+0.072%	$275K	$621K	10x
Gate UNI_USDT	+0.0100%	8h	8.9050	−0.164%	$23.0M	$58.7M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.9070	−0.141%	$43.1M	$24.5M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.9150	−0.052%	$13.6M	$13.8M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.9010	−0.209%	$32.2M	$41.4M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.9040	−0.175%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.9105	−0.102%	$989K	$2.3M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8836	−0.403%	$167K	$344K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8880	−0.354%	$627K	$2.5M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8860	−0.377%	$88K	$712K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.9200	+0.004%	$106K	$3.2M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.9186	−0.011%	$86K	$354K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.9140	−0.063%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.9253	+0.064%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.9150	−0.052%	$25K	$666K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.9312	+0.130%	$732K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.9120	−0.085%	$26.8M	$4.4M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8997	−0.223%	$302K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.9143	−0.060%	$32K	$1K	3x	as long as short
dYdX UNI-USD	+0.0117%	1h	8.9253	+0.064%	$247K	$6K	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.9220	+0.027%	$9.9M	$3.4M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0224%	1h	8.9320	+0.139%	$1.1M	$5.3M	50x	as long as short
Kraken Futures PF_UNIUSD	+0.0339%	1h	8.9212	+0.018%	$5.0M	$7.0M	50x	as long as short
Reya UNIRUSDPERP	+0.0362%	1h	8.9150	−0.052%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0379% / S −0.0319%	1h	8.9179	−0.019%	$559K	—	120x	as long as short
Hyperliquid UNI	+0.0396%	1h	8.9197	+0.001%	$98.2M	$59.3M	10x	as long as short
Lighter UNI	+0.0632%	1h	8.9328	+0.148%	$4.6M	$5.2M	15x	as long as short
Aftermath Perps UNIUSD	+0.0645%	1h	8.9014	−0.204%	$1K	$49K	10x	as long as short