Funding you earn now, next payment 08:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.175%
Price spread now: Lighter against Phemex+0.070%7-day average +0.133% · you sell dearer than you buy
Net, funding: paid 7d − costs−$6as in the Funding arb table
Net, price: spread back to 7d avg − costs−$48as in the Price arb table
costs, in and out, $10k−$410.414% of the position
Funding, last 7 days+0.355%+$35 on $10k
+Price spread, last 4 days (all we have)−0.026%−$3 · spread now +0.070%, 7d avg +0.133%
=Together, before fees+0.329%+ Points / potential airdropLighter: Season 3 · farm board+$33 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: Lighter is 0.063% cheaper against Phemex than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.133%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex UNIUSDT | 8.8640 | 0.0100 | pay 0.0100% / 8h | 35m 15s | $26.8M | $4.4M | 50x |
| Short | Lighter UNI | 8.8702 | 0.0096 | get 0.0012% / 1h | 35m 15s | $4.4M | $5.6M | 15x |
Phemex UNIUSDT
Lighter UNIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter 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
- −$0.84
- Price spread: +0.070% → +0.133%
- −$6.28
- Slippage, 4 orders
- −$29.43
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$48.55
- Costs to cover
- 0.414%
- Break-even
- never at this rate
Slippage from Phemex: 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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Phemex live order book, 4 min ago | 3.94 bp | 16.0 bp −$16 | 34.8 bp −$348 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 8 min ago | 0.95 bp | 4.6 bp −$5 | 15.6 bp −$156 | 108.5 bp −$10.8K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_UNIUSD | −0.0307% | 1h | 8.8621 | −0.021% | $4.7M | $8.7M | 50x | as long as short |
| 01 Exchange UNIUSD | −0.0016% | 1h | 8.8596 | −0.050% | $442 | $5 | 10x | as long as short |
| gTrade (Gains Network) UNI/USD | L +0.0004% / S −0.0007% | 1h | 8.8586 | −0.061% | $49K | — | 150x | as long as short |
| Injective UNI/USDC PERP | +0.0033% | 1h | 8.8300 | −0.384% | $660 | $153K | 12x | as long as short |
| Nado UNI-PERP | +0.0034% | 1h | 8.8532 | −0.121% | $729K | $4.7M | 10x | as long as short |
| Polymarket Perps UNI-USD | +0.0066% | 1h | 8.8551 | −0.100% | $105K | $617K | 10x | as long as short |
| Lighter UNIshort | +0.0096% | 1h | 8.8702 | +0.070% | $4.4M | $5.6M | 15x | |
| Paradex UNI-USD-PERP | +0.0100% | 8h | 8.8567 | −0.083% | $25K | — | 20x | as long as short |
| Hyperliquid UNI | +0.0100% | 1h | 8.8674 | +0.038% | $94.3M | $67.5M | 10x | as long as short |
| Aster UNIUSDT | +0.0100% | 8h | 8.8604 | −0.041% | $725K | $3.6M | 50x | as long as short |
Kraken Futures PF_UNIUSD
01 Exchange UNIUSD
gTrade (Gains Network) UNI/USD
Injective UNI/USDC PERP
Nado UNI-PERP
Polymarket Perps UNI-USD
Paradex UNI-USD-PERP
Hyperliquid UNI
Aster UNIUSDTShow all 40 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica UNI | +0.0100% | 1h | 8.8594 | −0.051% | $286K | $600K | 10x | as long as short |
| Binance UNIUSDT | +0.0100% | 8h | 8.8541 | −0.112% | $214.2M | $657.3M | 75x | as long as short |
| Bybit UNIUSDT | +0.0100% | 8h | 8.8530 | −0.124% | $98.1M | $111.3M | 75x | as long as short |
| OKX UNI-USDT-SWAP | +0.0100% | 8h | 8.8540 | −0.113% | $54.1M | $264.1M | 50x | as long as short |
| Arcus UNI-USD | +0.0100% | 1h | 8.8640 | 0.000% | $316K | $701K | 10x | as long as short |
| Gate UNI_USDT | +0.0100% | 8h | 8.8550 | −0.102% | $25.5M | $65.9M | 75x | as long as short |
| MEXC UNI_USDT | +0.0100% | 8h | 8.8550 | −0.102% | $48.2M | $26.1M | 200x | as long as short |
| KuCoin UNIUSDTM | +0.0100% | 8h | 8.8590 | −0.056% | $13.0M | $13.3M | 75x | as long as short |
| Bitget UNIUSDT | +0.0100% | 8h | 8.8550 | −0.102% | $32.4M | $45.5M | 75x | as long as short |
| BingX UNI-USDT | +0.0100% | 8h | 8.8540 | −0.113% | — | $57.0M | — | as long as short |
| Backpack UNI_USDC_PERP | +0.0100% | 1h | 8.8640 | 0.000% | $1.1M | $2.4M | 10x | as long as short |
| Variational Omni UNI | +0.0100% | 8h | 8.8548 | −0.104% | $4.1M | $4.3M | — | as long as short |
| edgeX UNIUSDC | +0.0100% | 4h | 8.8660 | +0.022% | $168K | $346K | 20x | as long as short |
| GRVT UNI_USDT_Perp | +0.0100% | 8h | 8.8843 | +0.230% | $616K | $2.6M | 10x | as long as short |
| ApeX Omni UNIUSDT | +0.0100% | 1h | 8.8700 | +0.068% | $89K | $710K | 50x | as long as short |
| StandX UNI-USD | +0.0100% | 1h | 8.8630 | −0.011% | $15K | $3.4M | 20x | as long as short |
| Orderly PERP_UNI_USDC | +0.0100% | 8h | 8.8550 | −0.102% | $16K | $2.1M | 10x | as long as short |
| SunX UNI-USDT | +0.0100% | 8h | 8.8601 | −0.044% | $36K | $1.4M | 30x | as long as short |
| SoDEX UNI-USD | +0.0100% | 1h | 8.8595 | −0.051% | $32K | $889K | 10x | as long as short |
| HTX UNI-USDT | +0.0100% | 8h | 8.8676 | +0.041% | $697K | $4.8M | 75x | as long as short |
| Phemex UNIUSDTlong | +0.0100% | 8h | 8.8640 | long leg | $26.8M | $4.4M | 50x | |
| Extended UNI-USD | +0.0104% | 1h | 8.8523 | −0.132% | $288K | $1.7M | 25x | as long as short |
| Aevo UNI-PERP | +0.0104% | 1h | 8.8560 | −0.090% | $31K | — | 3x | as long as short |
| Deribit UNI_USDC-PERPETUAL | +0.0150% | 1h | 8.8628 | −0.014% | $585K | $254K | 50x | as long as short |
| Coinbase International UNI-PERP-INTX | +0.0200% | 1h | 8.8760 | +0.135% | $924K | $5.4M | 50x | as long as short |
| BloFin UNI-USDT | +0.0220% | 8h | 8.8570 | −0.079% | $10.0M | $3.6M | 75x | as long as short |
| Reya UNIRUSDPERP | +0.0380% | 1h | 8.8534 | −0.119% | $16K | — | 20x | as long as short |
| GMX UNI/USD [UNI-USDC] | L +0.0381% / S −0.0243% | 1h | 8.8578 | −0.069% | $630K | — | 120x | as long as short |
| Aftermath Perps UNIUSD | +0.0409% | 1h | 8.8852 | +0.239% | $1K | $53K | 10x | as long as short |
| dYdX UNI-USD | +0.0591% | 1h | 8.8592 | −0.054% | $233K | $30K | 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
Deribit UNI_USDC-PERPETUAL
Coinbase International UNI-PERP-INTX
BloFin UNI-USDT
Reya UNIRUSDPERP
GMX UNI/USD [UNI-USDC]
Aftermath Perps UNIUSD
dYdX UNI-USD