Funding you earn now, next payment 00:00 UTC+0.0654%/8h= +71.6% APRnext payment +$0.82 per $10,000 · paid last 24h +0.184%
Price spread now: Lighter against Deribit−0.049%7-day average +0.105% · you buy dearer than you sell
Net, funding: paid 7d − costs$0as in the Funding arb table
Net, price: spread back to 7d avg − costs−$55as in the Price arb table
costs, in and out, $10k−$400.400% of the position
Funding, last 7 days+0.397%+$40 on $10k
+Price spread, last 3 days (all we have)−0.028%−$3 · spread now −0.049%, 7d avg +0.105%
=Together, before fees+0.369%+ Points / potential airdropLighter: Season 3 · farm board+$37 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter is 0.154% cheaper against Deribit than usual: you would sell low and buy high (spread −0.049% now, against its 7-day average of +0.105%). If the spread goes back, that is −$15 on $10k: about 19 hours of funding at the current rate (+$20 a day). At the pace of the last 7 days (+0.397% in total) that is about 2.7 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.397% in total (about 20.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.82 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit UNI_USDC-PERPETUAL | 9.0139 | 0.0226 | pay 0.0028% / 1h | 22m 18s | $580K | $176K | 50x |
| Short | Lighter UNI | 9.0095 | 0.0880 | get 0.0110% / 1h | 22m 18s | $4.6M | $5.2M | 15x |
Deribit UNI_USDC-PERPETUAL
Lighter UNIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Deribit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $137.34
- Price spread: −0.049% → +0.105%
- −$15.37
- Slippage, 4 orders
- −$33.03
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $81.94
- Costs to cover
- 0.400%
- Break-even
- 2.8 days
Slippage from Deribit: live order book, 57 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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Deribit live order book, 57 min ago | 6.97 bp | 17.5 bp −$17 | 24.3 bp −$243 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 6 min ago | 2.56 bp | 2.7 bp −$3 | 11.6 bp −$116 | 100.7 bp −$10.1K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective UNI/USDC PERP | −0.0049% | 1h | 8.8300 | −2.040% | $660 | $155K | 12x | as long as short |
| gTrade (Gains Network) UNI/USD | L +0.0004% / S −0.0004% | 1h | 9.0093 | −0.051% | $62K | — | 150x | as long as short |
| Variational Omni UNI | +0.0051% | 8h | 8.9935 | −0.227% | $4.1M | $4.4M | — | as long as short |
| OKX UNI-USDT-SWAP | +0.0093% | 8h | 9.0060 | −0.088% | $55.0M | $250.0M | 50x | as long as short |
| Bybit UNIUSDT | +0.0093% | 8h | 9.0060 | −0.088% | $102.2M | $104.9M | 75x | as long as short |
| Nado UNI-PERP | +0.0100% | 1h | 9.0035 | −0.115% | $955K | $4.2M | 10x | as long as short |
| Aster UNIUSDT | +0.0100% | 8h | 9.0101 | −0.043% | $1.0M | $3.3M | 50x | as long as short |
| Pacifica UNI | +0.0100% | 1h | 8.9971 | −0.187% | $298K | $593K | 10x | as long as short |
| Binance UNIUSDT | +0.0100% | 8h | 9.0105 | −0.038% | $222.9M | $590.3M | 75x | as long as short |
| Arcus UNI-USD | +0.0100% | 1h | 9.0120 | −0.021% | $265K | $632K | 10x | as long as short |
Injective UNI/USDC PERP
gTrade (Gains Network) UNI/USD
Variational Omni UNI
OKX UNI-USDT-SWAP
Bybit UNIUSDT
Nado UNI-PERP
Aster UNIUSDT
Pacifica UNI
Binance UNIUSDT
Arcus UNI-USDShow all 40 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate UNI_USDT | +0.0100% | 8h | 9.0090 | −0.054% | $23.0M | $58.9M | 75x | as long as short |
| MEXC UNI_USDT | +0.0100% | 8h | 8.9980 | −0.176% | $43.7M | $24.0M | 200x | as long as short |
| KuCoin UNIUSDTM | +0.0100% | 8h | 9.0090 | −0.054% | $13.7M | $13.5M | 75x | as long as short |
| Bitget UNIUSDT | +0.0100% | 8h | 9.0070 | −0.077% | $32.9M | $42.0M | 75x | as long as short |
| BingX UNI-USDT | +0.0100% | 8h | 9.0070 | −0.077% | — | $52.0M | — | as long as short |
| Backpack UNI_USDC_PERP | +0.0100% | 1h | 8.9969 | −0.189% | $1.0M | $2.4M | 10x | as long as short |
| edgeX UNIUSDC | +0.0100% | 4h | 8.9779 | −0.399% | $169K | $343K | 20x | as long as short |
| GRVT UNI_USDT_Perp | +0.0100% | 8h | 9.0060 | −0.088% | $632K | $2.5M | 10x | as long as short |
| ApeX Omni UNIUSDT | +0.0100% | 1h | 8.9790 | −0.387% | $88K | $711K | 50x | as long as short |
| StandX UNI-USD | +0.0100% | 1h | 8.9830 | −0.343% | $36K | $3.3M | 20x | as long as short |
| Polymarket Perps UNI-USD | +0.0100% | 1h | 9.0101 | −0.042% | $85K | $363K | 10x | as long as short |
| Orderly PERP_UNI_USDC | +0.0100% | 8h | 9.0090 | −0.054% | $16K | $1.7M | 10x | as long as short |
| SunX UNI-USDT | +0.0100% | 8h | 8.9870 | −0.298% | $36K | $1.3M | 30x | as long as short |
| SoDEX UNI-USD | +0.0100% | 1h | 8.9905 | −0.260% | $21K | $676K | 10x | as long as short |
| HTX UNI-USDT | +0.0100% | 8h | 9.0040 | −0.110% | $719K | $4.3M | 75x | as long as short |
| Phemex UNIUSDT | +0.0100% | 8h | 8.9930 | −0.232% | $27.1M | $4.5M | 50x | as long as short |
| Paradex UNI-USD-PERP | +0.0100% | 8h | 8.9962 | −0.197% | $26K | — | 20x | as long as short |
| Extended UNI-USD | +0.0104% | 1h | 8.9955 | −0.204% | $303K | $1.5M | 25x | as long as short |
| Aevo UNI-PERP | +0.0104% | 1h | 9.0097 | −0.047% | $32K | $1K | 3x | as long as short |
| 01 Exchange UNIUSD | +0.0176% | 1h | 9.0132 | −0.008% | $450 | — | 10x | as long as short |
| BloFin UNI-USDT | +0.0220% | 8h | 8.9920 | −0.243% | $10.1M | $3.5M | 75x | as long as short |
| Deribit UNI_USDC-PERPETUALlong | +0.0226% | 1h | 9.0139 | long leg | $580K | $176K | 50x | |
| dYdX UNI-USD | +0.0230% | 1h | 8.9958 | −0.200% | $249K | $6K | 10x | as long as short |
| Coinbase International UNI-PERP-INTX | +0.0232% | 1h | 8.9960 | −0.199% | $1.1M | $5.4M | 50x | as long as short |
| Reya UNIRUSDPERP | +0.0364% | 1h | 9.0056 | −0.093% | $16K | — | 20x | as long as short |
| GMX UNI/USD [UNI-USDC] | L +0.0382% / S −0.0323% | 1h | 9.0094 | −0.050% | $570K | — | 120x | as long as short |
| Hyperliquid UNI | +0.0505% | 1h | 9.0197 | +0.064% | $98.9M | $59.1M | 10x | as long as short |
| Kraken Futures PF_UNIUSD | +0.0563% | 1h | 8.9958 | −0.200% | $5.0M | $7.0M | 50x | as long as short |
| Aftermath Perps UNIUSD | +0.0815% | 1h | 9.0018 | −0.135% | $1K | $49K | 10x | as long as short |
| Lighter UNIshort | +0.0880% | 1h | 9.0095 | −0.049% | $4.6M | $5.2M | 15x |
Gate UNI_USDT
MEXC UNI_USDT
KuCoin UNIUSDTM
Bitget UNIUSDT
BingX UNI-USDT
Backpack UNI_USDC_PERP
edgeX UNIUSDC
GRVT UNI_USDT_Perp
ApeX Omni UNIUSDT
StandX UNI-USD
Polymarket Perps UNI-USD
Orderly PERP_UNI_USDC
SunX UNI-USDT
SoDEX UNI-USD
HTX UNI-USDT
Phemex UNIUSDT
Paradex UNI-USD-PERP
Extended UNI-USD
Aevo UNI-PERP
01 Exchange UNIUSD
BloFin UNI-USDT
dYdX UNI-USD
Coinbase International UNI-PERP-INTX
Reya UNIRUSDPERP
GMX UNI/USD [UNI-USDC]
Hyperliquid UNI
Kraken Futures PF_UNIUSD
Aftermath Perps UNIUSD