Funding you earn now, next payment 11:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h +0.153%
Price spread now: Injective against Phemex+0.193%55s7-day average −0.009% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.415%−$42 on $10k
+Price spread, last 4 days (all we have)−0.336%−$34 · spread now +0.193%, 7d avg −0.009%
=The price spread pays, funding is against you. Injective is 0.202% dearer against Phemex than usual: you sell high and buy low (spread +0.193% now, against its 7-day average of −0.009%): +$20 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 10 days. At the pace of the last 7 days (−0.415% in total) that is about 3.4 days. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex UNIUSDT | 8.8130 | 0.0100 | pay 0.0100% / 8h | 5h 51m | $26.6M | $4.5M | 50x |
| Short | Injective UNI/USDC PERP | 8.8300 | 0.0033 | get 0.0004% / 1h | 51m 19s | $660 | $147K | 12x |
Phemex UNIUSDT
Injective UNI/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Phemex. 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
- −$14
- Price spread: +0.193% → −0.009%
- $20.23
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$5.79
- Costs to cover
- 0.120%
- Break-even
- from the start
Slippage unknown: Phemex: live order book, 6 min ago; Injective: no order-book sample. Net counts fees only.
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 Phemex live order book, 6 min ago | 3.39 bp | 15.3 bp −$15 | 27.0 bp −$270 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
UNI on 40 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit UNI_USDC-PERPETUAL | 0.0000% | 1h | 8.8089 | −0.047% | $583K | $217K | 50x | as long as short |
| gTrade (Gains Network) UNI/USD | L +0.0004% / S −0.0005% | 1h | 8.8160 | +0.034% | $76K | — | 150x | as long as short |
| Nado UNI-PERP | +0.0026% | 1h | 8.8015 | −0.130% | $711K | $3.9M | 10x | as long as short |
| Injective UNI/USDC PERPshort | +0.0033% | 1h | 8.8300 | +0.193% | $660 | $147K | 12x | |
| Lighter UNI | +0.0096% | 1h | 8.8125 | −0.006% | $4.4M | $4.8M | 15x | as long as short |
| 01 Exchange UNIUSD | +0.0096% | 1h | 8.8074 | −0.064% | $439 | $56 | 10x | as long as short |
| Paradex UNI-USD-PERP | +0.0100% | 8h | 8.7969 | −0.182% | $25K | — | 20x | as long as short |
| Aster UNIUSDT | +0.0100% | 8h | 8.8081 | −0.056% | $740K | $2.4M | 50x | as long as short |
| Pacifica UNI | +0.0100% | 1h | 8.8030 | −0.113% | $286K | $467K | 10x | as long as short |
| Binance UNIUSDT | +0.0100% | 8h | 8.8030 | −0.113% | $213.5M | $567.3M | 75x | as long as short |
Deribit UNI_USDC-PERPETUAL
gTrade (Gains Network) UNI/USD
Nado UNI-PERP
Lighter UNI
01 Exchange UNIUSD
Paradex UNI-USD-PERP
Aster UNIUSDT
Pacifica UNI
Binance UNIUSDTShow all 40 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit UNIUSDT | +0.0100% | 8h | 8.8000 | −0.148% | $97.4M | $97.3M | 75x | as long as short |
| OKX UNI-USDT-SWAP | +0.0100% | 8h | 8.8020 | −0.125% | $54.4M | $226.5M | 50x | as long as short |
| Arcus UNI-USD | +0.0100% | 1h | 8.8130 | 0.000% | $323K | $515K | 10x | as long as short |
| Gate UNI_USDT | +0.0100% | 8h | 8.8040 | −0.102% | $27.7M | $54.8M | 75x | as long as short |
| MEXC UNI_USDT | +0.0100% | 8h | 8.8040 | −0.102% | $46.2M | $20.5M | 200x | as long as short |
| KuCoin UNIUSDTM | +0.0100% | 8h | 8.8050 | −0.091% | $12.8M | $11.2M | 75x | as long as short |
| Bitget UNIUSDT | +0.0100% | 8h | 8.8030 | −0.113% | $32.8M | $42.1M | 75x | as long as short |
| BingX UNI-USDT | +0.0100% | 8h | 8.8020 | −0.125% | — | $50.2M | — | as long as short |
| Backpack UNI_USDC_PERP | +0.0100% | 1h | 8.8196 | +0.075% | $1.1M | $2.3M | 10x | as long as short |
| Variational Omni UNI | +0.0100% | 8h | 8.8262 | +0.150% | $4.1M | $2.7M | — | as long as short |
| edgeX UNIUSDC | +0.0100% | 4h | 8.8148 | +0.021% | $166K | $345K | 20x | as long as short |
| GRVT UNI_USDT_Perp | +0.0100% | 8h | 8.8156 | +0.030% | $618K | $2.2M | 10x | as long as short |
| ApeX Omni UNIUSDT | +0.0100% | 1h | 8.8200 | +0.079% | $89K | $712K | 50x | as long as short |
| StandX UNI-USD | +0.0100% | 1h | 8.8110 | −0.023% | $93K | $3.5M | 20x | as long as short |
| Polymarket Perps UNI-USD | +0.0100% | 1h | 8.8025 | −0.119% | $105K | $573K | 10x | as long as short |
| Orderly PERP_UNI_USDC | +0.0100% | 8h | 8.8010 | −0.136% | $16K | $2.5M | 10x | as long as short |
| SunX UNI-USDT | +0.0100% | 8h | 8.8031 | −0.112% | $36K | $1.1M | 30x | as long as short |
| SoDEX UNI-USD | +0.0100% | 1h | 8.8035 | −0.108% | $32K | $725K | 10x | as long as short |
| HTX UNI-USDT | +0.0100% | 8h | 8.8240 | +0.125% | $697K | $4.0M | 75x | as long as short |
| Phemex UNIUSDTlong | +0.0100% | 8h | 8.8130 | long leg | $26.6M | $4.5M | 50x | |
| Extended UNI-USD | +0.0104% | 1h | 8.7986 | −0.164% | $298K | $1.7M | 25x | as long as short |
| Aevo UNI-PERP | +0.0104% | 1h | 8.8037 | −0.106% | $31K | — | 3x | as long as short |
| Kraken Futures PF_UNIUSD | +0.0131% | 1h | 8.8089 | −0.047% | $4.7M | $7.7M | 50x | as long as short |
| Hyperliquid UNI | +0.0164% | 1h | 8.8158 | +0.032% | $94.9M | $60.6M | 10x | as long as short |
| BloFin UNI-USDT | +0.0220% | 8h | 8.8210 | +0.091% | $10.0M | $3.4M | 75x | as long as short |
| Coinbase International UNI-PERP-INTX | +0.0240% | 1h | 8.8110 | −0.023% | $921K | $4.3M | 50x | as long as short |
| GMX UNI/USD [UNI-USDC] | L +0.0381% / S −0.0244% | 1h | 8.8137 | +0.008% | $627K | — | 120x | as long as short |
| Reya UNIRUSDPERP | +0.0386% | 1h | 8.8008 | −0.139% | $16K | — | 20x | as long as short |
| Aftermath Perps UNIUSD | +0.0576% | 1h | 8.8272 | +0.161% | $1K | $49K | 10x | as long as short |
| dYdX UNI-USD | +0.0669% | 1h | 8.8050 | −0.091% | $231K | $32K | 10x | as long as short |
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
Polymarket Perps UNI-USD
Orderly PERP_UNI_USDC
SunX UNI-USDT
SoDEX UNI-USD
HTX UNI-USDT
Extended UNI-USD
Aevo UNI-PERP
Kraken Futures PF_UNIUSD
Hyperliquid UNI
BloFin UNI-USDT
Coinbase International UNI-PERP-INTX
GMX UNI/USD [UNI-USDC]
Reya UNIRUSDPERP
Aftermath Perps UNIUSD
dYdX UNI-USD