UNI

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h +0.192%

Price spread now: Lighter against Polymarket Perps+0.037%45s7-day average +0.118% · you sell dearer than you buy

Net, funding: paid 7d − costs+$13as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$250.252% of the position

Long on Polymarket Perps Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.387%+$39 on $10k

Price spread, last 4 days (all we have)−0.421%−$42 · spread now +0.037%, 7d avg +0.118%

Together, before fees−0.034%+ Points / potential airdropLighter: Season 3 · farm board−$3 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 0.081% cheaper against Polymarket Perps than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.118%. The two prices were read 45 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	Polymarket Perps UNI-USD	8.9286	0.0100	pay 0.0013% / 1h	20m 47s	$87K	$438K	10x
Short	Lighter UNI	8.9319	0.0096	get 0.0012% / 1h	20m 47s	$4.5M	$5.9M	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Polymarket Perps. 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 Polymarket PerpsbpFee LighterbpOrdersPrice spread, now +0.037%Rate

Funding earned: −$0.84
Price spread: +0.037% → +0.118%: −$8.1
Slippage, 4 orders: −$17.19
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: −$34.13
Costs to cover: 0.252%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 32 min ago; Lighter: live order book, 7 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 Polymarket Perps live order book, 32 min ago	3.16 bp	7.3 bp −$7	10.0 bp −$100	doesn't fit	doesn't fit
Sell Lighter live order book, 7 min ago	0.67 bp	4.6 bp −$5	17.3 bp −$173	111.4 bp −$11.1K	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
01 Exchange UNIUSD	0.0000%	1h	8.9281	−0.006%	$446	$5	10x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0007%	1h	8.9248	−0.043%	$49K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−1.104%	$660	$154K	12x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0058%	1h	8.9280	−0.007%	$572K	$208K	50x	as long as short
Lighter UNIshort	+0.0096%	1h	8.9319	+0.037%	$4.5M	$5.9M	15x
Paradex UNI-USD-PERP	+0.0100%	8h	8.9145	−0.158%	$25K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.9255	−0.035%	$943K	$4.5M	10x	as long as short
Hyperliquid UNI	+0.0100%	1h	8.9309	+0.026%	$94.9M	$64.6M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.9280	−0.007%	$781K	$3.6M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.9150	−0.152%	$290K	$608K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance UNIUSDT	+0.0100%	8h	8.9209	−0.086%	$219.1M	$649.4M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	8.9180	−0.119%	$100.0M	$111.7M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	8.9190	−0.108%	$54.2M	$261.3M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.9280	−0.007%	$320K	$664K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.9220	−0.074%	$23.7M	$64.6M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.9260	−0.029%	$47.4M	$26.1M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.9250	−0.040%	$13.2M	$13.3M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.9180	−0.119%	$32.9M	$45.8M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.9230	−0.063%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.9236	−0.056%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	8.9179	−0.119%	$4.2M	$4.2M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.9270	−0.018%	$169K	$345K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.9410	+0.139%	$621K	$2.8M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.9340	+0.060%	$91K	$701K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.9330	+0.049%	$15K	$3.4M	20x	as long as short
Polymarket Perps UNI-USDlong	+0.0100%	1h	8.9286	long leg	$87K	$438K	10x
Orderly PERP_UNI_USDC	+0.0100%	8h	8.9230	−0.063%	$16K	$1.4M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.9289	+0.003%	$36K	$1.4M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.9205	−0.091%	$31K	$811K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.9358	+0.081%	$700K	$4.9M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.9180	−0.119%	$27.0M	$4.4M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.9216	−0.079%	$289K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.9207	−0.089%	$32K	—	3x	as long as short
Coinbase International UNI-PERP-INTX	+0.0216%	1h	8.9290	+0.004%	$929K	$5.8M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.9170	−0.130%	$10.2M	$3.6M	75x	as long as short
dYdX UNI-USD	+0.0270%	1h	8.9164	−0.137%	$235K	$30K	10x	as long as short
Kraken Futures PF_UNIUSD	+0.0273%	1h	8.9226	−0.067%	$4.9M	$8.2M	50x	as long as short
Reya UNIRUSDPERP	+0.0375%	1h	8.9271	−0.017%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	8.9247	−0.044%	$635K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0773%	1h	8.9428	+0.159%	$960	$45K	10x	as long as short