UNI

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0740%/8h= +81.0% APRnext payment +$0.93 per $10,000 · paid last 24h +0.182%

Price spread now: Lighter against Pacifica+0.191%7-day average +0.104% · you sell dearer than you buy

Net, funding: paid 7d − costs−$5as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$340.340% of the position

Long on Pacifica Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.289%+$29 on $10k

Price spread, last 7 days−0.027%−$3 · spread now +0.191%, 7d avg +0.104%

Together, before fees+0.261%+ Points / potential airdropPacifica: Active · Lighter: Season 3 · farm board+$26 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$22 a day on $10k at the current rate, and Lighter is 0.087% dearer against Pacifica than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.104%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.289% in total (about 15.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.93 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	Pacifica UNI	9.1338	0.0100	pay 0.0013% / 1h	35m 21s	$307K	$583K	10x
Short	Lighter UNI	9.1513	0.0840	get 0.0105% / 1h	35m 21s	$4.7M	$5.3M	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Pacifica. 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 PacificabpFee LighterbpOrdersPrice spread, now +0.191%Rate

Funding earned: $155.4
Price spread: +0.191% → +0.104%: $8.75
Slippage, 4 orders: −$25.98
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: $130.17
Costs to cover: 0.340%
Break-even: 1.1 days

Slippage from Pacifica: live order book, 38 min ago; Lighter: live order book, 3 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 Pacifica live order book, 38 min ago	1.67 bp	7.8 bp −$8	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 3 min ago	1.80 bp	6.4 bp −$6	10.8 bp −$108	98.5 bp −$9,854	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
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0005%	1h	9.1278	−0.066%	$76K	—	150x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0028%	1h	9.1273	−0.072%	$588K	$178K	50x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−3.327%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0072%	1h	9.1262	−0.084%	$455	—	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.1192	−0.160%	$964K	$4.2M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.1257	−0.090%	$1.0M	$3.4M	50x	as long as short
Pacifica UNIlong	+0.0100%	1h	9.1338	long leg	$307K	$583K	10x
Binance UNIUSDT	+0.0100%	8h	9.1280	−0.064%	$228.7M	$594.9M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.1250	−0.097%	$103.0M	$107.0M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.1250	−0.097%	$56.1M	$254.8M	50x	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	9.1340	+0.002%	$272K	$616K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.1260	−0.086%	$23.0M	$58.6M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.1280	−0.064%	$44.8M	$23.8M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.1270	−0.075%	$13.7M	$13.5M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.1240	−0.108%	$33.5M	$42.2M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.1270	−0.075%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.1407	+0.075%	$1.0M	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.1441	+0.112%	$4.2M	$4.4M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.2036	+0.764%	$173K	$343K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.1570	+0.253%	$641K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.1690	+0.385%	$90K	$708K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.1680	+0.374%	$37K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.1246	−0.101%	$85K	$375K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.1250	−0.097%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.1282	−0.062%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.1225	−0.124%	$21K	$705K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.1528	+0.207%	$727K	$4.4M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.1450	+0.122%	$27.6M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.1292	−0.051%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.1182	−0.172%	$305K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.1257	−0.089%	$32K	—	3x	as long as short
dYdX UNI-USD	+0.0121%	1h	9.1332	−0.007%	$252K	$8K	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.1610	+0.297%	$10.1M	$3.6M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0272%	1h	9.1550	+0.232%	$1.1M	$5.6M	50x	as long as short
Reya UNIRUSDPERP	+0.0366%	1h	9.1203	−0.148%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0382% / S −0.0323%	1h	9.1258	−0.088%	$578K	—	120x	as long as short
Kraken Futures PF_UNIUSD	+0.0385%	1h	9.1298	−0.044%	$5.1M	$7.0M	50x	as long as short
Hyperliquid UNI	+0.0512%	1h	9.1339	+0.001%	$100.6M	$60.1M	10x	as long as short
Lighter UNIshort	+0.0840%	1h	9.1513	+0.191%	$4.7M	$5.3M	15x
Aftermath Perps UNIUSD	+0.0926%	1h	9.1492	+0.168%	$1K	$49K	10x	as long as short