UNI

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0416%/8h= +45.5% APRnext payment +$0.52 per $10,000 · paid last 24h +0.044%

Price spread now: Hyperliquid against SoDEX+0.140%7-day average +0.106% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$350.353% of the position

Long on SoDEX Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.112%+$11 on $10k

Price spread, last 3 days (all we have)−0.162%−$16 · spread now +0.140%, 7d avg +0.106%

Together, before fees−0.049%+ Points / potential airdropHyperliquid: Season 2 · farm board−$5 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Hyperliquid is 0.035% dearer against SoDEX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.106%.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.112% in total (about 13.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.52 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	SoDEX UNI-USD	8.9728	0.0100	pay 0.0013% / 1h	24m 16s	$21K	$676K	10x
Short	Hyperliquid UNI	8.9854	0.0516	get 0.0064% / 1h	24m 16s	$98.5M	$59.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against SoDEX. 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 SoDEXbpFee HyperliquidbpOrdersPrice spread, now +0.140%Rate

Funding earned: $87.33
Price spread: +0.140% → +0.106%: $3.45
Slippage, 4 orders: −$18.35
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $55.43
Costs to cover: 0.353%
Break-even: 2.6 days

Slippage from SoDEX: live order book, 54 min ago; Hyperliquid: live order book, 10 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 SoDEX live order book, 54 min ago	0.56 bp	10.1 bp −$10	27.5 bp −$275	129.2 bp −$12.9K	doesn't fit
Sell Hyperliquid live order book, 10 min ago	0.39 bp	6.3 bp −$6	doesn't fit	doesn't fit	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
Injective UNI/USDC PERP	−0.0049%	1h	8.8300	−1.591%	$660	$155K	12x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	8.9754	+0.029%	$62K	—	150x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0029%	1h	8.9765	+0.041%	$578K	$176K	50x	as long as short
Variational Omni UNI	+0.0051%	8h	8.9935	+0.230%	$4.1M	$4.4M	—	as long as short
Bybit UNIUSDT	+0.0091%	8h	8.9730	+0.002%	$101.8M	$105.0M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0091%	8h	8.9700	−0.031%	$54.9M	$248.8M	50x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.9765	+0.041%	$953K	$4.2M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.9790	+0.069%	$1.0M	$3.3M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.9755	+0.030%	$297K	$593K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.9760	+0.036%	$222.1M	$590.2M	75x	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	8.9840	+0.125%	$265K	$632K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.9730	+0.002%	$22.9M	$58.8M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.9760	+0.036%	$43.6M	$24.0M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.9770	+0.047%	$13.6M	$13.5M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.9690	−0.042%	$32.8M	$42.1M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	8.9730	+0.002%	—	$52.0M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.9780	+0.058%	$1.0M	$2.4M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.9917	+0.211%	$169K	$342K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0060	+0.370%	$632K	$2.5M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.9950	+0.247%	$88K	$713K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.9880	+0.169%	$36K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.9766	+0.042%	$85K	$363K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.9730	+0.002%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.9840	+0.125%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USDlong	+0.0100%	1h	8.9728	long leg	$21K	$676K	10x
HTX UNI-USDT	+0.0100%	8h	8.9915	+0.208%	$717K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.9730	+0.002%	$27.1M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.9739	+0.012%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	8.9677	−0.057%	$303K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.9743	+0.017%	$32K	$1K	3x	as long as short
dYdX UNI-USD	+0.0174%	1h	8.9788	+0.067%	$249K	$6K	10x	as long as short
01 Exchange UNIUSD	+0.0176%	1h	8.9806	+0.087%	$448	—	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.9730	+0.002%	$10.0M	$3.5M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0232%	1h	8.9860	+0.147%	$1.1M	$5.4M	50x	as long as short
Reya UNIRUSDPERP	+0.0364%	1h	8.9719	−0.010%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0382% / S −0.0323%	1h	8.9747	+0.021%	$568K	—	120x	as long as short
Hyperliquid UNIshort	+0.0516%	1h	8.9854	+0.140%	$98.5M	$59.0M	10x
Kraken Futures PF_UNIUSD	+0.0564%	1h	8.9799	+0.079%	$5.0M	$7.0M	50x	as long as short
Aftermath Perps UNIUSD	+0.0808%	1h	8.9951	+0.249%	$1K	$49K	10x	as long as short
Lighter UNI	+0.0880%	1h	8.9942	+0.238%	$4.6M	$5.2M	15x	as long as short