UNI

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0299%/8h= −32.7% APRnext payment −$0.37 per $10,000 · paid last 24h +0.176%

Price spread now: Injective against Deribit−3.860%63s7-day average +0.145% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Deribit Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.441%−$44 on $10k

Price spread, last 3 days (all we have)+3.836%+$384 · spread now −3.860%, 7d avg +0.145%

Together, before fees+3.395%+$340 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Injective is 4.005% cheaper against Deribit than usual: you would sell low and buy high (−$400 if the spread goes back to its 7-day average of +0.145%). Swap the legs. The two prices were read 63 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit UNI_USDC-PERPETUAL	9.1845	0.0332	pay 0.0041% / 1h	1m 33s	$596K	$188K	50x
Short	Injective UNI/USDC PERP	8.8300	0.0033	get 0.0004% / 1h	1m 33s	$660	$154K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Deribit. 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

Position, each leg$Hold fordaysFee DeribitbpFee InjectivebpOrdersPrice spread, now −3.860%Rate

Funding earned: −$62.72
Price spread: −3.860% → +0.145%: −$400.49
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$470.23
Costs to cover: 0.070%
Break-even: never at this rate

Slippage unknown: Deribit: live order book, 2 min ago; Injective: no order-book sample. Net counts fees only.

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 Deribit live order book, 2 min ago	7.07 bp	10.7 bp −$11	20.2 bp −$202	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

UNI on 39 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
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0007%	1h	9.1929	+0.091%	$26K	—	150x	as long as short
Injective UNI/USDC PERPshort	+0.0033%	1h	8.8300	−3.860%	$660	$154K	12x
01 Exchange UNIUSD	+0.0072%	1h	9.1968	+0.134%	$459	$5	10x	as long as short
dYdX UNI-USD	+0.0076%	1h	9.1841	−0.005%	$242K	$30K	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.1925	+0.087%	$975K	$4.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.1954	+0.119%	$1.1M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.1887	+0.046%	$300K	$568K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.1906	+0.067%	$230.0M	$607.9M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.1890	+0.049%	$103.2M	$107.4M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.1900	+0.060%	$56.9M	$255.7M	50x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus UNI-USD	+0.0100%	1h	9.2050	+0.223%	$292K	$619K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.1910	+0.071%	$23.6M	$59.5M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.1930	+0.092%	$49.9M	$26.5M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.1920	+0.082%	$13.8M	$12.8M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.1870	+0.027%	$33.6M	$42.4M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.1930	+0.092%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.1792	−0.058%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.1159	−0.747%	$4.2M	$4.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.1826	−0.021%	$173K	$346K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.1739	−0.116%	$638K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.1140	−0.768%	$89K	$700K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.1620	−0.245%	$56K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.1970	+0.136%	$88K	$406K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.1780	−0.071%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.1922	+0.084%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.1805	−0.044%	$22K	$727K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.1912	+0.073%	$730K	$4.2M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.1780	−0.071%	$27.7M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.1812	−0.036%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.1883	+0.041%	$304K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.1800	−0.049%	$33K	—	3x	as long as short
Hyperliquid UNI	+0.0280%	1h	9.2020	+0.191%	$100.2M	$59.1M	10x	as long as short
Coinbase International UNI-PERP-INTX	+0.0312%	1h	9.1840	−0.006%	$1.1M	$4.7M	50x	as long as short
Deribit UNI_USDC-PERPETUALlong	+0.0332%	1h	9.1845	long leg	$596K	$188K	50x
Reya UNIRUSDPERP	+0.0369%	1h	9.1902	+0.062%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.1936	+0.099%	$655K	—	120x	as long as short
Kraken Futures PF_UNIUSD	+0.0417%	1h	9.1858	+0.014%	$5.1M	$6.9M	50x	as long as short
Lighter UNI	+0.0520%	1h	9.2063	+0.237%	$4.7M	$5.3M	15x	as long as short
Aftermath Perps UNIUSD	+0.0907%	1h	9.1479	−0.398%	$1K	$48K	10x	as long as short