Funding you earn now, next payment 07:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.184%
Price spread now: Phemex against Lighter−0.075%7-day average −0.132% · you buy dearer than you sell
Net, funding: paid 7d − costs−$72as in the Funding arb table
Net, price: spread back to 7d avg − costs−$30as in the Price arb table
costs, in and out, $10k−$360.361% of the position
Funding, last 7 days−0.355%−$35 on $10k
+Price spread, last 4 days (all we have)+0.087%+$9 · spread now −0.075%, 7d avg −0.132%
=Together, before fees−0.268%+ Points / potential airdropLighter: Season 3 · farm board−$27 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.057% dearer against Lighter than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.132%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter UNI | 8.9297 | 0.0096 | pay 0.0012% / 1h | 29m 11s | $4.5M | $5.7M | 15x |
| Short | Phemex UNIUSDT | 8.9230 | 0.0100 | get 0.0100% / 8h | 1h 29m | $26.9M | $4.5M | 50x |
Lighter UNI
Phemex UNIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Lighter. 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
- $0.84
- Price spread: −0.075% → −0.132%
- $5.72
- Slippage, 4 orders
- −$24.12
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$29.57
- Costs to cover
- 0.361%
- Break-even
- 253.4 days
Slippage from Lighter: live order book, 9 min ago; Phemex: live order book, 5 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, 9 min ago | 1.91 bp | 6.1 bp −$6 | 12.0 bp −$120 | 83.8 bp −$8,376 | doesn't fit |
| Sell Phemex live order book, 5 min ago | 2.24 bp | 13.1 bp −$13 | 25.6 bp −$256 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps UNI-USD | −0.0164% | 1h | 8.9265 | −0.036% | $107K | $618K | 10x | as long as short |
| Kraken Futures PF_UNIUSD | −0.0017% | 1h | 8.9220 | −0.086% | $4.7M | $8.7M | 50x | as long as short |
| 01 Exchange UNIUSD | −0.0008% | 1h | 8.9284 | −0.015% | $446 | $5 | 10x | as long as short |
| Deribit UNI_USDC-PERPETUAL | 0.0000% | 1h | 8.9238 | −0.067% | $588K | $250K | 50x | as long as short |
| gTrade (Gains Network) UNI/USD | L +0.0004% / S −0.0007% | 1h | 8.9289 | −0.009% | $49K | — | 150x | as long as short |
| Injective UNI/USDC PERP | +0.0033% | 1h | 8.8300 | −1.116% | $660 | $153K | 12x | as long as short |
| Nado UNI-PERP | +0.0083% | 1h | 8.9295 | −0.002% | $739K | $4.7M | 10x | as long as short |
| Lighter UNIlong | +0.0096% | 1h | 8.9297 | long leg | $4.5M | $5.7M | 15x | |
| Paradex UNI-USD-PERP | +0.0100% | 8h | 8.9303 | +0.007% | $25K | — | 20x | as long as short |
| Aster UNIUSDT | +0.0100% | 8h | 8.9240 | −0.064% | $735K | $3.6M | 50x | as long as short |
Polymarket Perps UNI-USD
Kraken Futures PF_UNIUSD
01 Exchange UNIUSD
Deribit UNI_USDC-PERPETUAL
gTrade (Gains Network) UNI/USD
Injective UNI/USDC PERP
Nado UNI-PERP
Paradex UNI-USD-PERP
Aster UNIUSDTShow all 40 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica UNI | +0.0100% | 1h | 8.9330 | +0.037% | $286K | $590K | 10x | as long as short |
| Binance UNIUSDT | +0.0100% | 8h | 8.9180 | −0.131% | $215.2M | $658.6M | 75x | as long as short |
| Bybit UNIUSDT | +0.0100% | 8h | 8.9190 | −0.120% | $99.0M | $111.9M | 75x | as long as short |
| OKX UNI-USDT-SWAP | +0.0100% | 8h | 8.9160 | −0.153% | $54.1M | $266.0M | 50x | as long as short |
| Arcus UNI-USD | +0.0100% | 1h | 8.9380 | +0.093% | $319K | $698K | 10x | as long as short |
| Gate UNI_USDT | +0.0100% | 8h | 8.9180 | −0.131% | $25.1M | $66.6M | 75x | as long as short |
| MEXC UNI_USDT | +0.0100% | 8h | 8.9210 | −0.097% | $49.1M | $26.6M | 200x | as long as short |
| KuCoin UNIUSDTM | +0.0100% | 8h | 8.9190 | −0.120% | $13.1M | $13.4M | 75x | as long as short |
| Bitget UNIUSDT | +0.0100% | 8h | 8.9160 | −0.153% | $32.6M | $45.4M | 75x | as long as short |
| BingX UNI-USDT | +0.0100% | 8h | 8.9170 | −0.142% | — | $57.4M | — | as long as short |
| Backpack UNI_USDC_PERP | +0.0100% | 1h | 8.9240 | −0.064% | $1.0M | $2.5M | 10x | as long as short |
| Variational Omni UNI | +0.0100% | 8h | 8.9219 | −0.087% | $4.1M | $4.3M | — | as long as short |
| edgeX UNIUSDC | +0.0100% | 4h | 8.9187 | −0.123% | $169K | $347K | 20x | as long as short |
| GRVT UNI_USDT_Perp | +0.0100% | 8h | 8.9259 | −0.043% | $630K | $2.7M | 10x | as long as short |
| ApeX Omni UNIUSDT | +0.0100% | 1h | 8.9420 | +0.138% | $90K | $709K | 50x | as long as short |
| StandX UNI-USD | +0.0100% | 1h | 8.9290 | −0.008% | $15K | $3.5M | 20x | as long as short |
| Orderly PERP_UNI_USDC | +0.0100% | 8h | 8.9220 | −0.086% | $16K | $1.9M | 10x | as long as short |
| SunX UNI-USDT | +0.0100% | 8h | 8.9289 | −0.009% | $36K | $1.4M | 30x | as long as short |
| SoDEX UNI-USD | +0.0100% | 1h | 8.9160 | −0.153% | $32K | $886K | 10x | as long as short |
| HTX UNI-USDT | +0.0100% | 8h | 8.9416 | +0.133% | $699K | $4.8M | 75x | as long as short |
| Phemex UNIUSDTshort | +0.0100% | 8h | 8.9230 | −0.075% | $26.9M | $4.5M | 50x | |
| Extended UNI-USD | +0.0104% | 1h | 8.9134 | −0.183% | $294K | $1.7M | 25x | as long as short |
| Aevo UNI-PERP | +0.0104% | 1h | 8.9202 | −0.107% | $32K | — | 3x | as long as short |
| dYdX UNI-USD | +0.0178% | 1h | 8.9240 | −0.064% | $235K | $31K | 10x | as long as short |
| Coinbase International UNI-PERP-INTX | +0.0192% | 1h | 8.9270 | −0.030% | $930K | $5.5M | 50x | as long as short |
| BloFin UNI-USDT | +0.0220% | 8h | 8.9240 | −0.064% | $10.0M | $3.6M | 75x | as long as short |
| Hyperliquid UNI | +0.0228% | 1h | 8.9295 | −0.002% | $94.9M | $67.7M | 10x | as long as short |
| Reya UNIRUSDPERP | +0.0379% | 1h | 8.9148 | −0.167% | $16K | — | 20x | as long as short |
| GMX UNI/USD [UNI-USDC] | L +0.0381% / S −0.0243% | 1h | 8.9281 | −0.018% | $635K | — | 120x | as long as short |
| Aftermath Perps UNIUSD | +0.0484% | 1h | 8.9285 | −0.014% | $944 | $53K | 10x | as long as short |
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-USDT
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
Extended UNI-USD
Aevo UNI-PERP
dYdX UNI-USD
Coinbase International UNI-PERP-INTX
BloFin UNI-USDT
Hyperliquid UNI
Reya UNIRUSDPERP
GMX UNI/USD [UNI-USDC]
Aftermath Perps UNIUSD