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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 00:00 UTC+0.0787%/8h= +86.2% APRpaid last 24h +0.210%
Price spread now: Lighter against Bybit+0.151%7-day average +0.164% · you sell dearer than you buy
Net, funding: paid 7d − costs+$7as in the Funding arb table
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$300.297% of the position
Long on BybitShort 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+0.040%+$4 · spread now +0.151%, 7d avg +0.164%
Together, before fees+0.411%+ Points / potential airdropLighter: Season 3 · farm board+$41 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.164%, so right now this pair is about funding alone: +$24 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.371% in total (about 19.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit UNIUSDT9.01300.0093pay 0.0093% / 8h22m 08s$102.2M$104.9M75x
ShortLighter UNI9.02660.0880get 0.0110% / 1h22m 08s$4.6M$5.3M15x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter against Bybit. 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
$165.32
Price spread: +0.151% → +0.164%
−$1.27
Slippage, 4 orders
−$18.68
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Lighter: 0 bp × 2 orders
$0
Net
$134.37
Costs to cover
0.297%
Break-even
1.3 days
Slippage from Bybit: live order book, 2 min ago; Lighter: live order book, 6 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 Bybit live order book, 2 min ago0.56 bp8.6 bp −$915.0 bp −$15038.7 bp −$3,869doesn't fit
Sell Lighter live order book, 6 min ago2.56 bp2.7 bp −$311.6 bp −$116100.7 bp −$10.1Kdoesn'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
Injective UNI/USDC PERP−0.0049%1h8.8300−2.030%$660$155K12xas long as short
gTrade (Gains Network) UNI/USDL +0.0004% / S −0.0004%1h9.0093−0.041%$62K—150xas long as short
Variational Omni UNI+0.0051%8h8.9935−0.217%$4.1M$4.4M—as long as short
OKX UNI-USDT-SWAP+0.0093%8h9.0160+0.033%$55.0M$250.3M50xas long as short
Bybit UNIUSDTlong+0.0093%8h9.0130long leg$102.2M$104.9M75x
Nado UNI-PERP+0.0100%1h9.0035−0.105%$955K$4.2M10xas long as short
Aster UNIUSDT+0.0100%8h9.0105−0.028%$1.0M$3.3M50xas long as short
Pacifica UNI+0.0100%1h8.9971−0.177%$298K$593K10xas long as short
Binance UNIUSDT+0.0100%8h9.0102−0.031%$222.9M$590.4M75xas long as short
Arcus UNI-USD+0.0100%1h9.0120−0.011%$265K$632K10xas long as short
Show all 40 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate UNI_USDT+0.0100%8h9.0090−0.044%$23.0M$58.9M75xas long as short
MEXC UNI_USDT+0.0100%8h9.0100−0.033%$43.8M$24.0M200xas long as short
KuCoin UNIUSDTM+0.0100%8h9.0080−0.055%$13.7M$13.5M75xas long as short
Bitget UNIUSDT+0.0100%8h9.0150+0.022%$32.9M$42.0M75xas long as short
BingX UNI-USDT+0.0100%8h9.0170+0.044%—$52.0M—as long as short
Backpack UNI_USDC_PERP+0.0100%1h9.0257+0.141%$1.0M$2.4M10xas long as short
edgeX UNIUSDC+0.0100%4h8.9779−0.389%$169K$343K20xas long as short
GRVT UNI_USDT_Perp+0.0100%8h9.0060−0.078%$632K$2.5M10xas long as short
ApeX Omni UNIUSDT+0.0100%1h8.9790−0.377%$88K$711K50xas long as short
StandX UNI-USD+0.0100%1h8.9830−0.333%$36K$3.3M20xas long as short
Polymarket Perps UNI-USD+0.0100%1h9.0101−0.032%$85K$363K10xas long as short
Orderly PERP_UNI_USDC+0.0100%8h9.0090−0.044%$16K$1.7M10xas long as short
SunX UNI-USDT+0.0100%8h9.0141+0.012%$36K$1.3M30xas long as short
SoDEX UNI-USD+0.0100%1h9.0087−0.048%$21K$676K10xas long as short
HTX UNI-USDT+0.0100%8h9.0220+0.100%$721K$4.3M75xas long as short
Phemex UNIUSDT+0.0100%8h9.0110−0.022%$27.2M$4.5M50xas long as short
Paradex UNI-USD-PERP+0.0100%8h8.9962−0.187%$26K—20xas long as short
Extended UNI-USD+0.0104%1h9.0040−0.100%$303K$1.5M25xas long as short
Aevo UNI-PERP+0.0104%1h9.0097−0.037%$32K$1K3xas long as short
01 Exchange UNIUSD+0.0176%1h9.0132+0.002%$450—10xas long as short
BloFin UNI-USDT+0.0220%8h8.9920−0.233%$10.1M$3.5M75xas long as short
Deribit UNI_USDC-PERPETUAL+0.0226%1h9.0139+0.010%$580K$176K50xas long as short
dYdX UNI-USD+0.0230%1h8.9958−0.190%$249K$6K10xas long as short
Coinbase International UNI-PERP-INTX+0.0232%1h9.0110−0.022%$1.1M$5.4M50xas long as short
Reya UNIRUSDPERP+0.0364%1h9.0056−0.083%$16K—20xas long as short
GMX UNI/USD [UNI-USDC]L +0.0382% / S −0.0323%1h9.0094−0.040%$570K—120xas long as short
Hyperliquid UNI+0.0505%1h9.0197+0.074%$98.9M$59.1M10xas long as short
Kraken Futures PF_UNIUSD+0.0561%1h9.0152+0.025%$5.0M$7.0M50xas long as short
Aftermath Perps UNIUSD+0.0815%1h9.0018−0.125%$1K$49K10xas long as short
Lighter UNIshort+0.0880%1h9.0266+0.151%$4.6M$5.3M15x