UNI

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0052%/8h= +5.7% APRnext payment +$0.07 per $10,000 · paid last 24h +0.009%

Price spread now: Pacifica against Deribit+0.142%7-day average −0.036% · you sell dearer than you buy

Net, funding: paid 7d − costs−$38as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$500.495% of the position

Long on Deribit Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.118%+$12 on $10k

Price spread, last 3 days (all we have)−0.324%−$32 · spread now +0.142%, 7d avg −0.036%

Together, before fees−0.207%+ Points / potential airdropPacifica: Active · farm board−$21 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Pacifica is 0.178% dearer against Deribit than usual: you sell high and buy low: +$18 more if the spread goes back to its 7-day average of −0.036%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit UNI_USDC-PERPETUAL	9.0310	0.0048	pay 0.0006% / 1h	42m 38s	$581K	$175K	50x
Short	Pacifica UNI	9.0438	0.0100	get 0.0013% / 1h	42m 38s	$300K	$586K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.142%Rate

Funding earned: $10.92
Price spread: +0.142% → −0.036%: $17.78
Slippage, 4 orders: −$34.53
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$20.83
Costs to cover: 0.495%
Break-even: 20.4 days

Slippage from Deribit: live order book, 36 min ago; Pacifica: live order book, 36 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, 36 min ago	6.97 bp	17.5 bp −$17	24.3 bp −$243	doesn't fit	doesn't fit
Sell Pacifica live order book, 36 min ago	1.12 bp	13.2 bp −$13	doesn't fit	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
Injective UNI/USDC PERP	−0.0049%	1h	8.8300	−2.226%	$660	$155K	12x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	9.0226	−0.094%	$62K	—	150x	as long as short
Variational Omni UNI	+0.0015%	8h	9.0614	+0.336%	$4.1M	$4.4M	—	as long as short
Deribit UNI_USDC-PERPETUALlong	+0.0048%	1h	9.0310	long leg	$581K	$175K	50x
Bybit UNIUSDT	+0.0063%	8h	9.0330	+0.022%	$103.1M	$104.5M	75x	as long as short
dYdX UNI-USD	+0.0068%	1h	9.0422	+0.124%	$250K	$6K	10x	as long as short
OKX UNI-USDT-SWAP	+0.0086%	8h	9.0380	+0.077%	$55.5M	$250.1M	50x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.0260	−0.056%	$955K	$4.2M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.0400	+0.099%	$1.0M	$3.3M	50x	as long as short
Pacifica UNIshort	+0.0100%	1h	9.0438	+0.142%	$300K	$586K	10x

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance UNIUSDT	+0.0100%	8h	9.0394	+0.092%	$223.7M	$588.7M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.0480	+0.188%	$279K	$620K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.0380	+0.077%	$23.1M	$58.3M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0370	+0.066%	$43.5M	$23.9M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0450	+0.155%	$13.7M	$13.5M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0350	+0.044%	$32.8M	$41.9M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	9.0390	+0.088%	—	$51.9M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.0499	+0.209%	$170K	$345K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0440	+0.144%	$630K	$2.5M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0500	+0.210%	$89K	$712K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0440	+0.144%	$36K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.0256	−0.060%	$88K	$355K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.0270	−0.045%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.0549	+0.264%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.0270	−0.045%	$25K	$669K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.0400	+0.099%	$738K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.0280	−0.034%	$27.2M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.0308	−0.003%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0364	+0.060%	$305K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0270	−0.045%	$32K	$1K	3x	as long as short
Backpack UNI_USDC_PERP	+0.0156%	1h	9.0303	−0.008%	$1.0M	$2.4M	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.0190	−0.133%	$10.0M	$3.5M	75x	as long as short
01 Exchange UNIUSD	+0.0224%	1h	9.0420	+0.121%	$451	—	10x	as long as short
Coinbase International UNI-PERP-INTX	+0.0232%	1h	9.0430	+0.132%	$1.1M	$5.4M	50x	as long as short
Reya UNIRUSDPERP	+0.0363%	1h	9.0181	−0.144%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0380% / S −0.0320%	1h	9.0230	−0.089%	$568K	—	120x	as long as short
Kraken Futures PF_UNIUSD	+0.0560%	1h	9.0323	+0.014%	$5.0M	$7.0M	50x	as long as short
Hyperliquid UNI	+0.0735%	1h	9.0561	+0.277%	$99.7M	$59.2M	10x	as long as short
Aftermath Perps UNIUSD	+0.0799%	1h	9.0624	+0.347%	$1K	$49K	10x	as long as short
Lighter UNI	+0.1040%	1h	9.0508	+0.219%	$4.6M	$5.2M	15x	as long as short