Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0604%/8hpaid last 24h +0.148%

Price spread now: Lighter against Gate+0.204%7-day average +0.120% · you sell dearer than you buy

Net, funding: paid 7d − costs+$3as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$330.334% of the position

Long on Gate Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.360%+$36 on $10k

Price spread, last 7 days−0.051%−$5 · spread now +0.204%, 7d avg +0.120%

Together, before fees+0.310%+ Points / potential airdropLighter: Season 3 · farm board+$31 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and Lighter is 0.084% dearer against Gate than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.120%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.360% in total (about 18.8% 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.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate UNI_USDT	8.8120	0.0100	pay 0.0100% / 8h	4h 06m	$22.7M	$59.8M	75x
Short	Lighter UNI	8.8300	0.0704	get 0.0088% / 1h	6m 23s	$4.6M	$5.3M	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Gate. 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 GatebpFee LighterbpOrdersPrice spread, now +0.204%Rate

Funding earned: $126.84
Price spread: +0.204% → +0.120%: $8.44
Slippage, 4 orders: −$18.38
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Lighter: 0 bp × 2 orders: $0
Net: $101.9
Costs to cover: 0.334%
Break-even: 1.4 days

Slippage from Gate: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Gate live order book, 2 min ago	0.57 bp	8.8 bp −$9	10.3 bp −$103	41.4 bp −$4,136	66.1 bp −$33.0K
Sell Lighter live order book, 6 min ago	1.25 bp	5.1 bp −$5	11.8 bp −$118	97.2 bp −$9,723	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
Bybit UNIUSDT	−0.0213%	8h	8.8070	−0.057%	$102.3M	$105.0M	75x	as long as short
Variational Omni UNI	−0.0208%	8h	8.7835	−0.324%	$3.8M	$5.1M	—	as long as short
OKX UNI-USDT-SWAP	−0.0006%	8h	8.8120	0.000%	$54.7M	$247.5M	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	8.8154	+0.038%	$61K	—	150x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8091	−0.033%	$25K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.8090	−0.034%	$826K	$3.9M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.8200	+0.091%	$1.1M	$3.3M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.8123	+0.003%	$297K	$566K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.8130	+0.011%	$216.7M	$595.1M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.8180	+0.068%	$271K	$595K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate UNI_USDTlong	+0.0100%	8h	8.8120	long leg	$22.7M	$59.8M	75x
MEXC UNI_USDT	+0.0100%	8h	8.8130	+0.011%	$42.5M	$24.6M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.8120	0.000%	$13.5M	$13.5M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8080	−0.045%	$31.9M	$40.9M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.8100	−0.023%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8140	+0.023%	$982K	$2.4M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.7946	−0.197%	$165K	$342K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.7941	−0.203%	$611K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.7990	−0.148%	$83K	$727K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8000	−0.136%	$85K	$3.2M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.8134	+0.016%	$87K	$323K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8130	+0.011%	$15K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.8193	+0.083%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.8100	−0.023%	$25K	$650K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.8240	+0.136%	$708K	$4.2M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8140	+0.023%	$26.5M	$4.2M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8073	−0.053%	$307K	$1.4M	25x	as long as short
01 Exchange UNIUSD	+0.0104%	1h	8.8227	+0.121%	$440	—	10x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8160	+0.045%	$31K	$1K	3x	as long as short
dYdX UNI-USD	+0.0128%	1h	8.8145	+0.028%	$244K	$5K	10x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0165%	1h	8.8190	+0.079%	$548K	$126K	50x	as long as short
Kraken Futures PF_UNIUSD	+0.0166%	1h	8.8160	+0.045%	$5.0M	$7.7M	50x	as long as short
Coinbase International UNI-PERP-INTX	+0.0200%	1h	8.7940	−0.204%	$1.0M	$5.4M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.8060	−0.068%	$9.9M	$3.3M	75x	as long as short
Hyperliquid UNI	+0.0279%	1h	8.8235	+0.131%	$95.9M	$60.3M	10x	as long as short
Reya UNIRUSDPERP	+0.0356%	1h	8.8103	−0.020%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0382% / S −0.0324%	1h	8.8154	+0.038%	$550K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0563%	1h	8.8072	−0.054%	$1K	$52K	10x	as long as short
Lighter UNIshort	+0.0704%	1h	8.8300	+0.204%	$4.6M	$5.3M	15x
Injective UNI/USDC PERP	+0.5000%	1h	9.3200	+5.765%	$16K	$89K	12x	as long as short