Settings8H · net · $10k
Funding arb · Price arb /

UNI

all UNI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0300%/8h= +32.8% APRnext payment +$0.37 per $10,000 · paid last 24h +0.184%
Price spread now: Lighter against SoDEX+0.257%7-day average +0.161% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$21as in the Price arb table
costs, in and out, $10k−$310.308% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.275%+$28 on $10k
Price spread, last 3 days (all we have)−0.217%−$22 · spread now +0.257%, 7d avg +0.161%
Together, before fees+0.058%+ Points / potential airdropLighter: Season 3 · farm board+$6 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Lighter is 0.096% dearer against SoDEX than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.161%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX UNI-USD8.94990.0100pay 0.0013% / 1h40m 12s$21K$715K10x
ShortLighter UNI8.97290.0400get 0.0050% / 1h40m 12s$4.6M$5.3M15x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter 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

Funding earned
$63
Price spread: +0.257% → +0.161%
$9.55
Slippage, 4 orders
−$22.78
Fee SoDEX: 4 bp × 2 orders
−$8
Fee Lighter: 0 bp × 2 orders
$0
Net
$41.77
Costs to cover
0.308%
Break-even
2.4 days
Slippage from SoDEX: live order book, 29 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
LegHalf-spread$10k$100k$1M$5M
Buy SoDEX live order book, 29 min ago0.55 bp9.1 bp −$926.7 bp −$267133.3 bp −$13.3Kdoesn't fit
Sell Lighter live order book, 3 min ago1.06 bp4.2 bp −$415.3 bp −$153133.9 bp −$13.4Kdoesn't fit

UNI on 40 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) UNI/USDL +0.0004% / S −0.0004%1h8.9347−0.170%$37K150xas long as short
01 Exchange UNIUSD+0.0032%1h8.9307−0.215%$44610xas long as short
dYdX UNI-USD+0.0033%1h8.9377−0.137%$235K$30K10xas long as short
Injective UNI/USDC PERP+0.0033%1h8.8300−1.340%$660$154K12xas long as short
ApeX Omni UNIUSDT+0.0078%1h9.0130+0.705%$88K$706K50xas long as short
Nado UNI-PERP+0.0100%1h8.9195−0.340%$925K$4.3M10xas long as short
Hyperliquid UNI+0.0100%1h8.9314−0.207%$97.1M$60.3M10xas long as short
Aster UNIUSDT+0.0100%8h8.9367−0.148%$1.0M$2.9M50xas long as short
Pacifica UNI+0.0100%1h8.9380−0.133%$293K$582K10xas long as short
Binance UNIUSDT+0.0100%8h8.9580+0.091%$223.2M$613.0M75xas long as short
Show all 40 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit UNIUSDT+0.0100%8h8.9500+0.001%$100.1M$108.0M75xas long as short
OKX UNI-USDT-SWAP+0.0100%8h8.9520+0.023%$55.3M$253.1M50xas long as short
Arcus UNI-USD+0.0100%1h8.9500+0.001%$279K$625K10xas long as short
Gate UNI_USDT+0.0100%8h8.9310−0.211%$22.8M$58.2M75xas long as short
MEXC UNI_USDT+0.0100%8h8.9560+0.068%$49.0M$25.9M200xas long as short
KuCoin UNIUSDTM+0.0100%8h8.9530+0.035%$13.3M$13.8M75xas long as short
Bitget UNIUSDT+0.0100%8h8.9480−0.021%$32.8M$43.0M75xas long as short
BingX UNI-USDC+0.0100%8h8.9340−0.178%$6.5Mas long as short
Backpack UNI_USDC_PERP+0.0100%1h8.9609+0.123%$979K$2.4M10xas long as short
Variational Omni UNI+0.0100%8h8.9551+0.058%$4.1M$4.3Mas long as short
edgeX UNIUSDC+0.0100%4h9.0023+0.586%$169K$343K20xas long as short
GRVT UNI_USDT_Perp+0.0100%8h8.9457−0.047%$621K$2.6M10xas long as short
StandX UNI-USD+0.0100%1h8.9500+0.001%$55K$3.3M20xas long as short
Polymarket Perps UNI-USD+0.0100%1h8.9312−0.209%$85K$409K10xas long as short
Orderly PERP_UNI_USDC+0.0100%8h8.9440−0.066%$16K$1.7M10xas long as short
SunX UNI-USDT+0.0100%8h8.9583+0.094%$36K$1.3M30xas long as short
SoDEX UNI-USDlong+0.0100%1h8.9499long leg$21K$715K10x
HTX UNI-USDT+0.0100%8h8.9680+0.202%$713K$4.2M75xas long as short
Phemex UNIUSDT+0.0100%8h8.9620+0.135%$27.0M$4.6M50xas long as short
Paradex UNI-USD-PERP+0.0100%8h8.9334−0.184%$25K20xas long as short
Extended UNI-USD+0.0104%1h8.9399−0.112%$297K$1.5M25xas long as short
Aevo UNI-PERP+0.0104%1h8.9465−0.038%$32K3xas long as short
BloFin UNI-USDT+0.0220%8h8.9940+0.493%$10.3M$3.6M75xas long as short
Coinbase International UNI-PERP-INTX+0.0312%1h8.9340−0.178%$1.1M$4.7M50xas long as short
Deribit UNI_USDC-PERPETUAL+0.0318%1h8.9477−0.024%$581K$200K50xas long as short
Reya UNIRUSDPERP+0.0368%1h8.9248−0.280%$16K20xas long as short
GMX UNI/USD [UNI-USDC]L +0.0381% / S −0.0244%1h8.9337−0.181%$636K120xas long as short
Lighter UNIshort+0.0400%1h8.9729+0.257%$4.6M$5.3M15x
Kraken Futures PF_UNIUSD+0.0428%1h8.9584+0.094%$5.0M$6.9M50xas long as short
Aftermath Perps UNIUSD+0.0980%1h8.9763+0.295%$934$49K10xas long as short