Settings8H · net · $10k
Funding arb · Price arb /

UNI

all UNI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 21:00 UTC−0.0540%/8h= −59.1% APRnext payment $0.68 per $10,000 · paid last 24h −0.156%
Price spread now: ApeX Omni against Lighter−0.554%108s7-day average −0.086% · you buy dearer than you sell
Net, funding: paid 7d − costs−$68as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$410.414% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.267%−$27 on $10k
Price spread, last 3 days (all we have)+0.512%+$51 · spread now −0.554%, 7d avg −0.086%
Together, before fees+0.245%+ Points / potential airdropLighter: Season 3 · farm board+$25 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and ApeX Omni is 0.468% cheaper against Lighter than usual: you would sell low and buy high (−$47 if the spread goes back to its 7-day average of −0.086%). Swap the legs. The two prices were read 108 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.267% in total (about -13.9% a year). A funding rate is set anew for every payment; at this rate the next one is about $0.68 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter UNI8.87920.0640pay 0.0080% / 1h31m 44s$4.6M$5.3M15x
ShortApeX Omni UNIUSDT8.83000.0100get 0.0013% / 1h31m 44s$83K$726K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Lighter. 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

Funding earned
−$113.4
Price spread: −0.554% → −0.086%
−$46.85
Slippage, 4 orders
−$31.43
Fee Lighter: 0 bp × 2 orders
$0
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$201.68
Costs to cover
0.414%
Break-even
never at this rate
Slippage from Lighter: live order book, 7 min ago; ApeX Omni: live order book, 17 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Lighter live order book, 7 min ago0.96 bp8.6 bp −$916.1 bp −$16180.7 bp −$8,067doesn't fit
Sell ApeX Omni live order book, 17 min ago3.98 bp11.8 bp −$12112.8 bp −$1,128doesn't fitdoesn't fit

UNI on 40 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni UNI−0.0206%8h8.8156−0.716%$3.9M$4.9Mas long as short
Bybit UNIUSDT−0.0203%8h8.8570−0.250%$103.4M$105.3M75xas long as short
gTrade (Gains Network) UNI/USDL +0.0004% / S −0.0004%1h8.8489−0.341%$61K150xas long as short
OKX UNI-USDT-SWAP+0.0005%8h8.8610−0.205%$54.8M$248.3M50xas long as short
01 Exchange UNIUSD+0.0088%1h8.8546−0.277%$44210xas long as short
Paradex UNI-USD-PERP+0.0100%8h8.8598−0.219%$25K20xas long as short
Nado UNI-PERP+0.0100%1h8.8483−0.349%$852K$3.9M10xas long as short
Hyperliquid UNI+0.0100%1h8.8698−0.106%$96.3M$59.9M10xas long as short
Aster UNIUSDT+0.0100%8h8.8580−0.239%$1.1M$3.4M50xas long as short
Pacifica UNI+0.0100%1h8.8630−0.182%$299K$564K10xas long as short
Show all 40 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance UNIUSDT+0.0100%8h8.8610−0.205%$217.2M$597.6M75xas long as short
Arcus UNI-USD+0.0100%1h8.8580−0.239%$273K$596K10xas long as short
Gate UNI_USDT+0.0100%8h8.8560−0.261%$22.7M$59.5M75xas long as short
MEXC UNI_USDT+0.0100%8h8.8610−0.205%$43.2M$24.6M200xas long as short
KuCoin UNIUSDTM+0.0100%8h8.8580−0.239%$13.8M$13.7M75xas long as short
Bitget UNIUSDT+0.0100%8h8.8550−0.273%$32.0M$41.2M75xas long as short
BingX UNI-USDT+0.0100%8h8.8550−0.273%$50.7Mas long as short
Backpack UNI_USDC_PERP+0.0100%1h8.8578−0.241%$980K$2.4M10xas long as short
edgeX UNIUSDC+0.0100%4h8.8246−0.615%$166K$343K20xas long as short
GRVT UNI_USDT_Perp+0.0100%8h8.8241−0.620%$619K$2.6M10xas long as short
ApeX Omni UNIUSDTshort+0.0100%1h8.8300−0.554%$83K$726K50x
StandX UNI-USD+0.0100%1h8.8320−0.532%$105K$3.3M20xas long as short
Polymarket Perps UNI-USD+0.0100%1h8.8500−0.329%$89K$341K10xas long as short
Orderly PERP_UNI_USDC+0.0100%8h8.8530−0.295%$16K$1.7M10xas long as short
SunX UNI-USDT+0.0100%8h8.8511−0.316%$36K$1.3M30xas long as short
SoDEX UNI-USD+0.0100%1h8.8550−0.273%$25K$670K10xas long as short
HTX UNI-USDT+0.0100%8h8.8697−0.107%$704K$4.2M75xas long as short
Phemex UNIUSDT+0.0100%8h8.8570−0.250%$26.7M$4.3M50xas long as short
Deribit UNI_USDC-PERPETUAL+0.0103%1h8.8610−0.205%$553K$129K50xas long as short
Extended UNI-USD+0.0104%1h8.8487−0.344%$308K$1.4M25xas long as short
Aevo UNI-PERP+0.0104%1h8.8506−0.322%$31K$1K3xas long as short
Coinbase International UNI-PERP-INTX+0.0192%1h8.8620−0.194%$1.0M$5.4M50xas long as short
BloFin UNI-USDT+0.0220%8h8.8560−0.261%$9.8M$3.3M75xas long as short
dYdX UNI-USD+0.0228%1h8.8619−0.194%$245K$5K10xas long as short
Kraken Futures PF_UNIUSD+0.0317%1h8.8617−0.197%$5.0M$7.4M50xas long as short
Reya UNIRUSDPERP+0.0358%1h8.8437−0.400%$16K20xas long as short
GMX UNI/USD [UNI-USDC]L +0.0381% / S −0.0321%1h8.8478−0.353%$554K120xas long as short
Aftermath Perps UNIUSD+0.0579%1h8.8318−0.533%$1K$51K10xas long as short
Lighter UNIlong+0.0640%1h8.8792long leg$4.6M$5.3M15x
Injective UNI/USDC PERP+0.4514%1h8.7900−1.005%$657$97K12xas long as short