UNI

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0500%/8h= −54.7% APRnext payment −$0.62 per $10,000 · paid last 24h −0.169%

Price spread now: Pacifica against Lighter−0.137%7-day average −0.104% · you buy dearer than you sell

Net, funding: paid 7d − costs−$57as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$290.295% of the position

Long on Lighter Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.272%−$27 on $10k

Price spread, last 7 days−0.057%−$6 · spread now −0.137%, 7d avg −0.104%

Together, before fees−0.329%+ Points / potential airdropLighter: Season 3 · Pacifica: Active · farm board−$33 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 Pacifica is 0.033% cheaper against Lighter than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.104%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.272% in total (about -14.2% 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	Lighter UNI	8.9128	0.0600	pay 0.0075% / 1h	18m 15s	$4.6M	$5.2M	15x
Short	Pacifica UNI	8.9006	0.0100	get 0.0013% / 1h	18m 15s	$300K	$577K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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

Position, each leg$Hold fordaysFee LighterbpFee PacificabpOrdersPrice spread, now −0.137%Rate

Funding earned: −$105
Price spread: −0.137% → −0.104%: −$3.32
Slippage, 4 orders: −$21.46
Fee Lighter: 0 bp × 2 orders: $0
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$137.78
Costs to cover: 0.295%
Break-even: never at this rate

Slippage from Lighter: live order book, 5 min ago; Pacifica: live order book, 65 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 Lighter live order book, 5 min ago	0.84 bp	5.9 bp −$6	13.1 bp −$131	77.1 bp −$7,705	doesn't fit
Sell Pacifica live order book, 65 min ago	0.56 bp	10.9 bp −$11	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
Variational Omni UNI	−0.0051%	8h	8.8824	−0.341%	$3.9M	$4.5M	—	as long as short
Bybit UNIUSDT	+0.0001%	8h	8.8920	−0.233%	$101.4M	$104.7M	75x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	8.8984	−0.162%	$62K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−0.929%	$660	$155K	12x	as long as short
OKX UNI-USDT-SWAP	+0.0046%	8h	8.8930	−0.222%	$55.0M	$245.2M	50x	as long as short
01 Exchange UNIUSD	+0.0056%	1h	8.8973	−0.174%	$444	—	10x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0096%	1h	8.9017	−0.124%	$566K	$157K	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8937	−0.215%	$25K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.8910	−0.245%	$943K	$4.0M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.8999	−0.145%	$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 UNIshort	+0.0100%	1h	8.9006	−0.137%	$300K	$577K	10x
Binance UNIUSDT	+0.0100%	8h	8.8940	−0.211%	$218.5M	$588.6M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.9050	−0.088%	$284K	$612K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.8960	−0.188%	$23.1M	$58.7M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.8990	−0.155%	$43.0M	$24.5M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.8960	−0.188%	$13.6M	$13.7M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8940	−0.211%	$32.2M	$41.3M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	8.8940	−0.211%	—	$51.7M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8879	−0.279%	$987K	$2.3M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8861	−0.300%	$167K	$343K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8866	−0.294%	$627K	$2.5M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8860	−0.301%	$88K	$711K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8880	−0.278%	$106K	$3.2M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.8975	−0.172%	$86K	$354K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8950	−0.200%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.9013	−0.129%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.8956	−0.193%	$25K	$666K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.9040	−0.099%	$730K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8950	−0.200%	$26.8M	$4.4M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8908	−0.247%	$301K	$1.4M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8975	−0.172%	$32K	$1K	3x	as long as short
dYdX UNI-USD	+0.0129%	1h	8.8963	−0.186%	$246K	$6K	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.8830	−0.334%	$9.8M	$3.4M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0224%	1h	8.9050	−0.088%	$1.1M	$5.3M	50x	as long as short
Kraken Futures PF_UNIUSD	+0.0340%	1h	8.9020	−0.121%	$5.0M	$7.0M	50x	as long as short
Hyperliquid UNI	+0.0359%	1h	8.9124	−0.004%	$97.8M	$59.1M	10x	as long as short
Reya UNIRUSDPERP	+0.0362%	1h	8.8920	−0.233%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0379% / S −0.0319%	1h	8.8987	−0.158%	$557K	—	120x	as long as short
Lighter UNIlong	+0.0600%	1h	8.9128	long leg	$4.6M	$5.2M	15x
Aftermath Perps UNIUSD	+0.0636%	1h	8.8821	−0.345%	$1K	$50K	10x	as long as short