UNI

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0103%/8h= −11.3% APRnext payment −$0.13 per $10,000 · paid last 24h +0.006%

Price spread now: SoDEX against Deribit−0.089%7-day average −0.057% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$430.427% of the position

Long on Deribit Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.028%−$3 on $10k

Price spread, last 3 days (all we have)+0.039%+$4 · spread now −0.089%, 7d avg −0.057%

Together, before fees+0.011%+$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and SoDEX is 0.032% cheaper against Deribit than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.057%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit UNI_USDC-PERPETUAL	9.1201	0.0203	pay 0.0025% / 1h	15m 42s	$592K	$188K	50x
Short	SoDEX UNI-USD	9.1120	0.0100	get 0.0013% / 1h	15m 42s	$22K	$722K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.089%Rate

Funding earned: −$21.63
Price spread: −0.089% → −0.057%: −$3.2
Slippage, 4 orders: −$27.71
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$67.53
Costs to cover: 0.427%
Break-even: never at this rate

Slippage from Deribit: live order book, 53 min ago; SoDEX: live order book, 53 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, 53 min ago	7.29 bp	10.8 bp −$11	19.6 bp −$196	doesn't fit	doesn't fit
Sell SoDEX live order book, 53 min ago	0.55 bp	9.8 bp −$10	27.0 bp −$270	141.6 bp −$14.2K	doesn't fit

UNI on 39 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	9.1155	−0.051%	$19K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−3.181%	$660	$154K	12x	as long as short
dYdX UNI-USD	+0.0050%	1h	9.1052	−0.164%	$240K	$30K	10x	as long as short
01 Exchange UNIUSD	+0.0056%	1h	9.1108	−0.102%	$455	$5	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.1060	−0.155%	$966K	$4.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.1280	+0.086%	$1.1M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.1090	−0.122%	$298K	$574K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.1090	−0.122%	$227.7M	$611.4M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.1050	−0.166%	$102.0M	$107.6M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.1060	−0.155%	$56.3M	$255.8M	50x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus UNI-USD	+0.0100%	1h	9.1170	−0.034%	$289K	$638K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.1200	−0.001%	$23.3M	$59.0M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.1060	−0.155%	$49.8M	$26.3M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.1160	−0.045%	$13.8M	$12.9M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.1050	−0.166%	$33.4M	$42.9M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	9.1080	−0.133%	—	$56.8M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.1233	+0.035%	$1.0M	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.1088	−0.124%	$4.2M	$4.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.1033	−0.184%	$171K	$345K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.1490	+0.317%	$643K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.1090	−0.122%	$89K	$699K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.1090	−0.122%	$56K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.1162	−0.043%	$87K	$410K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.1180	−0.023%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.1204	+0.003%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USDshort	+0.0100%	1h	9.1120	−0.089%	$22K	$722K	10x
HTX UNI-USDT	+0.0100%	8h	9.1180	−0.023%	$721K	$4.2M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.1140	−0.067%	$27.5M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.1068	−0.146%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.1213	+0.013%	$304K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.1190	−0.012%	$32K	—	3x	as long as short
Hyperliquid UNI	+0.0198%	1h	9.1271	+0.076%	$99.6M	$61.1M	10x	as long as short
Deribit UNI_USDC-PERPETUALlong	+0.0203%	1h	9.1201	long leg	$592K	$188K	50x
Coinbase International UNI-PERP-INTX	+0.0312%	1h	9.1170	−0.034%	$1.1M	$4.7M	50x	as long as short
Reya UNIRUSDPERP	+0.0369%	1h	9.1091	−0.121%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.1142	−0.066%	$649K	—	120x	as long as short
Kraken Futures PF_UNIUSD	+0.0421%	1h	9.1183	−0.020%	$5.1M	$6.9M	50x	as long as short
Lighter UNI	+0.0488%	1h	9.1270	+0.075%	$4.7M	$5.3M	15x	as long as short
Aftermath Perps UNIUSD	+0.0935%	1h	9.1124	−0.085%	$1K	$48K	10x	as long as short