Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0124%/8h= −13.6% APRpaid last 24h +0.159%

Price spread now: Lighter against BloFin+0.167%7-day average +0.146% · you sell dearer than you buy

Net, funding: paid 7d − costs−$20as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$320.325% of the position

Long on BloFin Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.127%+$13 on $10k

Price spread, last 4 days (all we have)−0.105%−$11 · spread now +0.167%, 7d avg +0.146%

Together, before fees+0.022%+ Points / potential airdropLighter: Season 3 · farm board+$2 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Lighter is 0.021% dearer against BloFin than usual: you sell high and buy low (spread +0.167% now, against its 7-day average of +0.146%): +$2 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 14 hours. Mind the row above: over the last 7 days funding on this pair paid +0.127%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin UNI-USDT	8.9170	0.0220	pay 0.0220% / 8h	3h 20m	$10.2M	$3.6M	75x
Short	Lighter UNI	8.9319	0.0096	get 0.0012% / 1h	20m 29s	$4.5M	$5.9M	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against BloFin. 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 BloFinbpFee LighterbpOrdersPrice spread, now +0.167%Rate

Funding earned: −$26.04
Price spread: +0.167% → +0.146%: $2.14
Slippage, 4 orders: −$20.49
Fee BloFin: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$56.39
Costs to cover: 0.325%
Break-even: never at this rate

Slippage from BloFin: live order book, 3 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 BloFin live order book, 3 min ago	0.56 bp	10.2 bp −$10	13.8 bp −$138	39.0 bp −$3,901	doesn't fit
Sell Lighter live order book, 8 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	8.9362	+0.215%	$446	$5	10x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0007%	1h	8.9377	+0.232%	$49K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−0.976%	$660	$154K	12x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0058%	1h	8.9280	+0.123%	$572K	$208K	50x	as long as short
Lighter UNIshort	+0.0096%	1h	8.9319	+0.167%	$4.5M	$5.9M	15x
Paradex UNI-USD-PERP	+0.0100%	8h	8.9339	+0.190%	$26K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.9305	+0.151%	$940K	$4.5M	10x	as long as short
Hyperliquid UNI	+0.0100%	1h	8.9457	+0.322%	$95.1M	$64.6M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.9378	+0.233%	$781K	$3.6M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.9278	+0.121%	$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	8.9352	+0.204%	$219.4M	$648.1M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	8.9330	+0.179%	$100.2M	$111.6M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	8.9340	+0.191%	$54.2M	$261.5M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.9430	+0.292%	$320K	$664K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.9360	+0.213%	$23.8M	$64.6M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.9360	+0.213%	$47.4M	$26.1M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.9370	+0.224%	$13.2M	$13.3M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.9340	+0.191%	$32.9M	$45.8M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.9350	+0.202%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.9236	+0.074%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	8.9179	+0.011%	$4.2M	$4.2M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.9270	+0.112%	$169K	$345K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.9410	+0.269%	$621K	$2.8M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.9340	+0.191%	$91K	$701K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.9330	+0.179%	$15K	$3.4M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.9365	+0.219%	$87K	$438K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.9230	+0.067%	$16K	$1.4M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.9289	+0.133%	$36K	$1.4M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.9205	+0.039%	$31K	$811K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.9358	+0.211%	$700K	$4.9M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.9180	+0.011%	$27.0M	$4.4M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.9316	+0.164%	$289K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.9207	+0.041%	$32K	—	3x	as long as short
Coinbase International UNI-PERP-INTX	+0.0216%	1h	8.9290	+0.135%	$929K	$5.8M	50x	as long as short
BloFin UNI-USDTlong	+0.0220%	8h	8.9170	long leg	$10.2M	$3.6M	75x
dYdX UNI-USD	+0.0263%	1h	8.9242	+0.081%	$235K	$30K	10x	as long as short
Kraken Futures PF_UNIUSD	+0.0273%	1h	8.9226	+0.063%	$4.9M	$8.2M	50x	as long as short
Reya UNIRUSDPERP	+0.0375%	1h	8.9330	+0.179%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	8.9375	+0.230%	$636K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0766%	1h	8.9428	+0.290%	$960	$45K	10x	as long as short