Funding you earn now, next payment 08:00 UTC−0.0496%/8h= −54.3% APRnext payment −$0.62 per $10,000 · paid last 24h +0.151%
Price spread now: Lighter against dYdX+0.048%7-day average +0.149% · you sell dearer than you buy
Net, funding: paid 7d − costs−$56as in the Funding arb table
Net, price: spread back to 7d avg − costs−$75as in the Price arb table
costs, in and out, $10k−$650.650% of the position
Funding, last 7 days+0.089%+$9 on $10k
+Price spread, last 4 days (all we have)+0.115%+$11 · spread now +0.048%, 7d avg +0.149%
=Together, before fees+0.204%+ Points / potential airdropLighter: Season 3 · farm board+$20 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and Lighter is 0.100% cheaper against dYdX than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.149%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.089%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.089% in total (about 4.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.62 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | dYdX UNI-USD | 8.8702 | 0.0592 | pay 0.0074% / 1h | 36m 48s | $234K | $30K | 10x |
| Short | Lighter UNI | 8.8745 | 0.0096 | get 0.0012% / 1h | 36m 48s | $4.4M | $5.6M | 15x |
dYdX UNI-USD
Lighter UNIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against dYdX. 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
- −$104.16
- Price spread: +0.048% → +0.149%
- −$10.04
- Slippage, 4 orders
- −$54.99
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$179.18
- Costs to cover
- 0.650%
- Break-even
- never at this rate
Slippage from dYdX: 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 dYdX live order book, 2 min ago | 21.99 bp | 27.0 bp −$27 | 27.0 bp −$270 | 122.9 bp −$12.3K | 333.7 bp −$166.9K |
| Sell Lighter live order book, 6 min ago | 0.95 bp | 4.6 bp −$5 | 15.6 bp −$156 | 108.5 bp −$10.8K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_UNIUSD | −0.0307% | 1h | 8.8646 | −0.064% | $4.7M | $8.6M | 50x | as long as short |
| 01 Exchange UNIUSD | −0.0024% | 1h | 8.8641 | −0.069% | $442 | $5 | 10x | as long as short |
| gTrade (Gains Network) UNI/USD | L +0.0004% / S −0.0007% | 1h | 8.8657 | −0.051% | $49K | — | 150x | as long as short |
| Nado UNI-PERP | +0.0023% | 1h | 8.8630 | −0.081% | $729K | $4.7M | 10x | as long as short |
| Injective UNI/USDC PERP | +0.0033% | 1h | 8.8300 | −0.453% | $660 | $153K | 12x | as long as short |
| Deribit UNI_USDC-PERPETUAL | +0.0038% | 1h | 8.8658 | −0.050% | $584K | $251K | 50x | as long as short |
| Polymarket Perps UNI-USD | +0.0071% | 1h | 8.8632 | −0.079% | $105K | $616K | 10x | as long as short |
| Lighter UNIshort | +0.0096% | 1h | 8.8745 | +0.048% | $4.4M | $5.6M | 15x | |
| Paradex UNI-USD-PERP | +0.0100% | 8h | 8.8725 | +0.026% | $25K | — | 20x | as long as short |
| Hyperliquid UNI | +0.0100% | 1h | 8.8766 | +0.072% | $94.4M | $67.5M | 10x | as long as short |
Kraken Futures PF_UNIUSD
01 Exchange UNIUSD
gTrade (Gains Network) UNI/USD
Nado UNI-PERP
Injective UNI/USDC PERP
Deribit UNI_USDC-PERPETUAL
Polymarket Perps UNI-USD
Paradex UNI-USD-PERP
Hyperliquid UNIShow all 40 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster UNIUSDT | +0.0100% | 8h | 8.8692 | −0.012% | $726K | $3.6M | 50x | as long as short |
| Pacifica UNI | +0.0100% | 1h | 8.8648 | −0.061% | $287K | $600K | 10x | as long as short |
| Binance UNIUSDT | +0.0100% | 8h | 8.8642 | −0.068% | $214.3M | $657.3M | 75x | as long as short |
| Bybit UNIUSDT | +0.0100% | 8h | 8.8590 | −0.127% | $98.2M | $111.4M | 75x | as long as short |
| OKX UNI-USDT-SWAP | +0.0100% | 8h | 8.8590 | −0.127% | $54.2M | $264.3M | 50x | as long as short |
| Arcus UNI-USD | +0.0100% | 1h | 8.8750 | +0.054% | $317K | $701K | 10x | as long as short |
| Gate UNI_USDT | +0.0100% | 8h | 8.8670 | −0.036% | $25.5M | $65.9M | 75x | as long as short |
| MEXC UNI_USDT | +0.0100% | 8h | 8.8680 | −0.025% | $48.4M | $26.1M | 200x | as long as short |
| KuCoin UNIUSDTM | +0.0100% | 8h | 8.8710 | +0.009% | $13.0M | $13.3M | 75x | as long as short |
| Bitget UNIUSDT | +0.0100% | 8h | 8.8620 | −0.093% | $32.4M | $45.5M | 75x | as long as short |
| BingX UNI-USDC | +0.0100% | 8h | 8.8660 | −0.048% | — | $6.5M | — | as long as short |
| Backpack UNI_USDC_PERP | +0.0100% | 1h | 8.8727 | +0.028% | $1.1M | $2.4M | 10x | as long as short |
| Variational Omni UNI | +0.0100% | 8h | 8.9018 | +0.356% | $4.1M | $4.3M | — | as long as short |
| edgeX UNIUSDC | +0.0100% | 4h | 8.8859 | +0.177% | $168K | $346K | 20x | as long as short |
| GRVT UNI_USDT_Perp | +0.0100% | 8h | 8.8843 | +0.159% | $616K | $2.6M | 10x | as long as short |
| ApeX Omni UNIUSDT | +0.0100% | 1h | 8.9110 | +0.460% | $90K | $711K | 50x | as long as short |
| StandX UNI-USD | +0.0100% | 1h | 8.8820 | +0.133% | $15K | $3.4M | 20x | as long as short |
| Orderly PERP_UNI_USDC | +0.0100% | 8h | 8.8620 | −0.093% | $16K | $2.1M | 10x | as long as short |
| SunX UNI-USDT | +0.0100% | 8h | 8.8790 | +0.099% | $36K | $1.4M | 30x | as long as short |
| SoDEX UNI-USD | +0.0100% | 1h | 8.8595 | −0.121% | $32K | $889K | 10x | as long as short |
| HTX UNI-USDT | +0.0100% | 8h | 8.8784 | +0.092% | $698K | $4.8M | 75x | as long as short |
| Phemex UNIUSDT | +0.0100% | 8h | 8.8620 | −0.093% | $26.8M | $4.4M | 50x | as long as short |
| Extended UNI-USD | +0.0104% | 1h | 8.8641 | −0.069% | $288K | $1.7M | 25x | as long as short |
| Aevo UNI-PERP | +0.0104% | 1h | 8.8553 | −0.169% | $31K | — | 3x | as long as short |
| Coinbase International UNI-PERP-INTX | +0.0200% | 1h | 8.8760 | +0.065% | $924K | $5.4M | 50x | as long as short |
| BloFin UNI-USDT | +0.0220% | 8h | 8.8650 | −0.059% | $10.0M | $3.6M | 75x | as long as short |
| Reya UNIRUSDPERP | +0.0380% | 1h | 8.8614 | −0.100% | $16K | — | 20x | as long as short |
| GMX UNI/USD [UNI-USDC] | L +0.0381% / S −0.0243% | 1h | 8.8658 | −0.050% | $631K | — | 120x | as long as short |
| Aftermath Perps UNIUSD | +0.0411% | 1h | 8.8954 | +0.284% | $985 | $53K | 10x | as long as short |
| dYdX UNI-USDlong | +0.0592% | 1h | 8.8702 | long leg | $234K | $30K | 10x |
Aster UNIUSDT
Pacifica UNI
Binance UNIUSDT
Bybit UNIUSDT
OKX UNI-USDT-SWAP
Arcus UNI-USD
Gate UNI_USDT
MEXC UNI_USDT
KuCoin UNIUSDTM
Bitget UNIUSDT
BingX UNI-USDC
Backpack UNI_USDC_PERP
Variational Omni UNI
edgeX UNIUSDC
GRVT UNI_USDT_Perp
ApeX Omni UNIUSDT
StandX UNI-USD
Orderly PERP_UNI_USDC
SunX UNI-USDT
SoDEX UNI-USD
HTX UNI-USDT
Phemex UNIUSDT
Extended UNI-USD
Aevo UNI-PERP
Coinbase International UNI-PERP-INTX
BloFin UNI-USDT
Reya UNIRUSDPERP
GMX UNI/USD [UNI-USDC]
Aftermath Perps UNIUSD