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Funding arb · Price arb /

UNI

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 11:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.159%
Price spread now: Lighter against Binance+0.152%7-day average +0.105% · you sell dearer than you buy
Net, funding: paid 7d − costs+$12as in the Funding arb table
Net, price: spread back to 7d avg − costs−$21as in the Price arb table
costs, in and out, $10k−$250.254% of the position
Long on BinanceShort on Lighter
What this pair did over the last
the charts below follow
Funding, last 7 days+0.371%+$37 on $10k
Price spread, last 7 days−0.110%−$11 · spread now +0.152%, 7d avg +0.105%
Together, before fees+0.261%+ Points / potential airdropLighter: Season 3 · farm board+$26 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 0.047% dearer against Binance than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.105%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance UNIUSDT8.84020.0100pay 0.0100% / 8h5h 57m$214.5M$570.4M75x
ShortLighter UNI8.85360.0096get 0.0012% / 1h57m 13s$4.4M$4.8M15x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter against Binance. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
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: +0.152% → +0.105%
$4.71
Slippage, 4 orders
−$15.37
Fee Binance: 5 bp × 2 orders
−$10
Fee Lighter: 0 bp × 2 orders
$0
Net
−$21.5
Costs to cover
0.254%
Break-even
never at this rate
Slippage from Binance: live order book, 10 min ago; Lighter: live order book, 4 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 Binance live order book, 10 min ago0.57 bp6.0 bp −$613.4 bp −$13445.1 bp −$4,509202.1 bp −$101.1K
Sell Lighter live order book, 4 min ago2.26 bp5.3 bp −$514.4 bp −$144116.9 bp −$11.7Kdoesn't fit

UNI on 40 exchanges

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 −0.0005%1h8.8410+0.009%$76K—150xas long as short
Injective UNI/USDC PERP+0.0033%1h8.8300−0.115%$660$147K12xas long as short
Deribit UNI_USDC-PERPETUAL+0.0051%1h8.8446+0.051%$585K$217K50xas long as short
Nado UNI-PERP+0.0063%1h8.8375−0.030%$704K$3.9M10xas long as short
Lighter UNIshort+0.0096%1h8.8536+0.152%$4.4M$4.8M15x
01 Exchange UNIUSD+0.0096%1h8.8426+0.028%$441$5610xas long as short
Paradex UNI-USD-PERP+0.0100%8h8.8368−0.038%$25K—20xas long as short
Aster UNIUSDT+0.0100%8h8.8460+0.066%$743K$2.4M50xas long as short
Pacifica UNI+0.0100%1h8.8406+0.005%$288K$467K10xas long as short
Binance UNIUSDTlong+0.0100%8h8.8402long leg$214.5M$570.4M75x
Show all 40 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit UNIUSDT+0.0100%8h8.8370−0.036%$97.8M$97.6M75xas long as short
OKX UNI-USDT-SWAP+0.0100%8h8.8370−0.036%$54.7M$228.7M50xas long as short
Arcus UNI-USD+0.0100%1h8.8480+0.089%$324K$529K10xas long as short
Gate UNI_USDT+0.0100%8h8.8410+0.009%$27.8M$54.7M75xas long as short
MEXC UNI_USDT+0.0100%8h8.8420+0.021%$46.2M$20.4M200xas long as short
KuCoin UNIUSDTM+0.0100%8h8.8400−0.002%$12.9M$11.2M75xas long as short
Bitget UNIUSDT+0.0100%8h8.8380−0.024%$32.9M$42.5M75xas long as short
BingX UNI-USDC+0.0100%8h8.8410+0.009%—$6.5M—as long as short
Backpack UNI_USDC_PERP+0.0100%1h8.8485+0.094%$1.1M$2.3M10xas long as short
Variational Omni UNI+0.0100%8h8.8404+0.003%$4.1M$2.7M—as long as short
edgeX UNIUSDC+0.0100%4h8.8416+0.016%$167K$347K20xas long as short
GRVT UNI_USDT_Perp+0.0100%8h8.8423+0.024%$617K$2.3M10xas long as short
ApeX Omni UNIUSDT+0.0100%1h8.8490+0.100%$89K$712K50xas long as short
StandX UNI-USD+0.0100%1h8.8450+0.055%$93K$3.5M20xas long as short
Polymarket Perps UNI-USD+0.0100%1h8.8375−0.030%$105K$574K10xas long as short
Orderly PERP_UNI_USDC+0.0100%8h8.8360−0.047%$16K$2.5M10xas long as short
SunX UNI-USDT+0.0100%8h8.8460+0.066%$36K$1.2M30xas long as short
SoDEX UNI-USD+0.0100%1h8.8399−0.003%$32K$724K10xas long as short
HTX UNI-USDT+0.0100%8h8.8453+0.058%$699K$4.0M75xas long as short
Phemex UNIUSDT+0.0100%8h8.8400−0.002%$26.7M$4.5M50xas long as short
Extended UNI-USD+0.0104%1h8.8361−0.046%$299K$1.7M25xas long as short
Aevo UNI-PERP+0.0104%1h8.8385−0.019%$31K—3xas long as short
Kraken Futures PF_UNIUSD+0.0131%1h8.8462+0.068%$4.7M$7.7M50xas long as short
Hyperliquid UNI+0.0154%1h8.8514+0.127%$95.2M$61.6M10xas long as short
BloFin UNI-USDT+0.0220%8h8.8400−0.002%$10.0M$3.3M75xas long as short
Coinbase International UNI-PERP-INTX+0.0240%1h8.8500+0.111%$924K$4.4M50xas long as short
GMX UNI/USD [UNI-USDC]L +0.0381% / S −0.0244%1h8.8417+0.017%$629K—120xas long as short
Reya UNIRUSDPERP+0.0386%1h8.8355−0.053%$16K—20xas long as short
Aftermath Perps UNIUSD+0.0576%1h8.8455+0.060%$1K$50K10xas long as short
dYdX UNI-USD+0.0644%1h8.8393−0.009%$232K$32K10xas long as short