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

UNI

all UNI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0012%/8h= +1.3% APRpaid last 24h +0.209%
Price spread now: Lighter against OKX+0.306%7-day average +0.130% · you sell dearer than you buy
Net, funding: paid 7d − costs+$15as in the Funding arb table
Net, price: spread back to 7d avg − costs−$9as in the Price arb table
costs, in and out, $10k−$260.262% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.407%+$41 on $10k
Price spread, last 7 days−0.278%−$28 · spread now +0.306%, 7d avg +0.130%
Together, before fees+0.129%+ Points / potential airdropLighter: Season 3 · farm board+$13 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Lighter is 0.176% dearer against OKX than usual: you sell high and buy low: +$18 more if the spread goes back to its 7-day average of +0.130%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX UNI-USDT-SWAP8.98600.0100pay 0.0100% / 8h3h 44m$54.7M$260.2M50x
ShortLighter UNI9.01350.0112get 0.0014% / 1h44m 49s$4.6M$5.8M15x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter against OKX. 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
$2.52
Price spread: +0.306% → +0.130%
$17.58
Slippage, 4 orders
−$16.19
Fee OKX: 5 bp × 2 orders
−$10
Fee Lighter: 0 bp × 2 orders
$0
Net
−$6.09
Costs to cover
0.262%
Break-even
23.9 days
Slippage from OKX: live order book, 4 min ago; Lighter: live order book, 8 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 OKX live order book, 4 min ago0.55 bp7.4 bp −$714.0 bp −$14053.1 bp −$5,310doesn't fit
Sell Lighter live order book, 8 min ago1.77 bp4.8 bp −$513.2 bp −$132115.2 bp −$11.5Kdoesn'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
gTrade (Gains Network) UNI/USDL +0.0004% / S −0.0004%1h8.9947+0.096%$37K150xas long as short
Injective UNI/USDC PERP+0.0033%1h8.8300−1.736%$660$154K12xas long as short
01 Exchange UNIUSD+0.0072%1h8.9905+0.050%$449$510xas long as short
Deribit UNI_USDC-PERPETUAL+0.0073%1h9.0022+0.180%$577K$207K50xas long as short
Nado UNI-PERP+0.0100%1h8.9845−0.017%$964K$4.4M10xas long as short
Hyperliquid UNI+0.0100%1h8.9985+0.139%$97.2M$62.2M10xas long as short
Aster UNIUSDT+0.0100%8h8.9999+0.154%$808K$3.5M50xas long as short
Pacifica UNI+0.0100%1h8.9941+0.090%$292K$605K10xas long as short
Binance UNIUSDT+0.0100%8h8.9935+0.084%$221.1M$642.1M75xas long as short
Bybit UNIUSDT+0.0100%8h8.9900+0.045%$101.1M$111.4M75xas long as short
Show all 40 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX UNI-USDT-SWAPlong+0.0100%8h8.9860long leg$54.7M$260.2M50x
Arcus UNI-USD+0.0100%1h8.9990+0.145%$314K$653K10xas long as short
Gate UNI_USDT+0.0100%8h8.9950+0.100%$23.7M$63.5M75xas long as short
MEXC UNI_USDT+0.0100%8h8.9970+0.122%$47.2M$25.5M200xas long as short
KuCoin UNIUSDTM+0.0100%8h9.0020+0.178%$13.4M$13.2M75xas long as short
Bitget UNIUSDT+0.0100%8h8.98600.000%$33.1M$45.2M75xas long as short
BingX UNI-USDC+0.0100%8h8.9930+0.078%$6.5Mas long as short
Backpack UNI_USDC_PERP+0.0100%1h9.0024+0.183%$1.0M$2.3M10xas long as short
Variational Omni UNI+0.0100%8h9.0239+0.422%$4.2M$4.1Mas long as short
edgeX UNIUSDC+0.0100%4h9.0306+0.496%$170K$346K20xas long as short
GRVT UNI_USDT_Perp+0.0100%8h9.0227+0.408%$639K$2.8M10xas long as short
ApeX Omni UNIUSDT+0.0100%1h9.0320+0.512%$95K$701K50xas long as short
StandX UNI-USD+0.0100%1h9.0270+0.456%$15K$3.4M20xas long as short
Polymarket Perps UNI-USD+0.0100%1h8.9894+0.038%$86K$433K10xas long as short
Orderly PERP_UNI_USDC+0.0100%8h8.9950+0.100%$16K$1.4M10xas long as short
SunX UNI-USDT+0.0100%8h8.9951+0.101%$36K$1.3M30xas long as short
SoDEX UNI-USD+0.0100%1h9.0000+0.156%$21K$801K10xas long as short
HTX UNI-USDT+0.0100%8h9.0078+0.243%$710K$4.8M75xas long as short
Phemex UNIUSDT+0.0100%8h9.0020+0.178%$27.2M$4.4M50xas long as short
Paradex UNI-USD-PERP+0.0100%8h8.9896+0.040%$26K20xas long as short
Extended UNI-USD+0.0104%1h8.9870+0.011%$291K$1.6M25xas long as short
Aevo UNI-PERP+0.0104%1h8.9996+0.151%$32K3xas long as short
Lighter UNIshort+0.0112%1h9.0135+0.306%$4.6M$5.8M15x
Coinbase International UNI-PERP-INTX+0.0216%1h9.0000+0.156%$939K$5.8M50xas long as short
BloFin UNI-USDT+0.0220%8h8.9980+0.134%$10.2M$3.6M75xas long as short
Kraken Futures PF_UNIUSD+0.0270%1h9.0034+0.193%$5.0M$8.0M50xas long as short
Reya UNIRUSDPERP+0.0374%1h8.9852−0.009%$16K20xas long as short
GMX UNI/USD [UNI-USDC]L +0.0381% / S −0.0244%1h8.9931+0.079%$640K120xas long as short
dYdX UNI-USD+0.0398%1h9.0004+0.160%$237K$30K10xas long as short
Aftermath Perps UNIUSD+0.0882%1h9.0317+0.509%$937$46K10xas long as short