UNI

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0908%/8h= −99.4% APRnext payment −$1.14 per $10,000 · paid last 24h −0.175%

Price spread now: SoDEX against Lighter−0.366%7-day average −0.163% · 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−$53as in the Price arb table

costs, in and out, $10k−$330.330% of the position

Long on Lighter Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.255%−$25 on $10k

Price spread, last 3 days (all we have)+0.387%+$39 · spread now −0.366%, 7d avg −0.163%

Together, before fees+0.133%+ Points / potential airdropLighter: Season 3 · farm board+$13 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$27 a day on $10k at the current rate, and SoDEX is 0.203% cheaper against Lighter than usual: you would sell low and buy high (−$20 if the spread goes back to its 7-day average of −0.163%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.255% in total (about -29.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.14 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	9.0661	0.1008	pay 0.0126% / 1h	38m 41s	$4.6M	$5.2M	15x
Short	SoDEX UNI-USD	9.0329	0.0100	get 0.0013% / 1h	38m 41s	$25K	$669K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.366%Rate

Funding earned: −$190.68
Price spread: −0.366% → −0.163%: −$20.33
Slippage, 4 orders: −$25
Fee Lighter: 0 bp × 2 orders: $0
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$244.02
Costs to cover: 0.330%
Break-even: never at this rate

Slippage from Lighter: live order book, 4 min ago; SoDEX: live order book, 40 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, 4 min ago	2.32 bp	4.5 bp −$5	23.8 bp −$238	102.0 bp −$10.2K	doesn't fit
Sell SoDEX live order book, 40 min ago	0.56 bp	11.9 bp −$12	28.0 bp −$280	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
Injective UNI/USDC PERP	−0.0049%	1h	8.8300	−2.604%	$660	$155K	12x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	9.0315	−0.382%	$62K	—	150x	as long as short
Variational Omni UNI	+0.0022%	8h	9.0514	−0.162%	$4.1M	$4.4M	—	as long as short
dYdX UNI-USD	+0.0055%	1h	9.0479	−0.201%	$251K	$6K	10x	as long as short
Bybit UNIUSDT	+0.0070%	8h	9.0490	−0.189%	$103.4M	$104.5M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0087%	8h	9.0460	−0.222%	$55.5M	$250.3M	50x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.0285	−0.415%	$956K	$4.2M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.0482	−0.198%	$1.0M	$3.3M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.0512	−0.165%	$300K	$591K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.0490	−0.189%	$223.9M	$588.7M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus UNI-USD	+0.0100%	1h	9.0540	−0.133%	$279K	$620K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.0370	−0.321%	$23.2M	$58.5M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0510	−0.167%	$43.6M	$23.9M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0520	−0.156%	$13.8M	$13.5M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0460	−0.222%	$33.0M	$42.0M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	9.0480	−0.200%	—	$51.9M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.0399	−0.289%	$170K	$342K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0470	−0.211%	$630K	$2.5M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0490	−0.189%	$89K	$712K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0300	−0.398%	$36K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.0310	−0.387%	$88K	$356K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.0330	−0.365%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.0371	−0.320%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USDshort	+0.0100%	1h	9.0329	−0.366%	$25K	$669K	10x
HTX UNI-USDT	+0.0100%	8h	9.0405	−0.282%	$738K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.0320	−0.376%	$27.3M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.0474	−0.207%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0275	−0.426%	$305K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0335	−0.360%	$32K	$1K	3x	as long as short
Backpack UNI_USDC_PERP	+0.0136%	1h	9.0378	−0.312%	$1.0M	$2.4M	10x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0157%	1h	9.0380	−0.310%	$582K	$176K	50x	as long as short
01 Exchange UNIUSD	+0.0216%	1h	9.0363	−0.329%	$451	—	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.0310	−0.387%	$10.2M	$3.5M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0232%	1h	9.0410	−0.277%	$1.1M	$5.4M	50x	as long as short
Reya UNIRUSDPERP	+0.0364%	1h	9.0276	−0.425%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0380% / S −0.0320%	1h	9.0295	−0.404%	$568K	—	120x	as long as short
Kraken Futures PF_UNIUSD	+0.0560%	1h	9.0397	−0.291%	$5.0M	$7.0M	50x	as long as short
Hyperliquid UNI	+0.0672%	1h	9.0590	−0.078%	$99.6M	$58.7M	10x	as long as short
Aftermath Perps UNIUSD	+0.0792%	1h	9.0476	−0.204%	$1K	$49K	10x	as long as short
Lighter UNIlong	+0.1008%	1h	9.0661	long leg	$4.6M	$5.2M	15x