Funding you earn now, next payment 07:00 UTC+0.0113%/8h= +12.4% APRnext payment +$0.14 per $10,000 · paid last 24h +0.142%
Price spread now: Lighter against Kraken Futures+0.018%7-day average +0.101% · you sell dearer than you buy
Net, funding: paid 7d − costs−$24as in the Funding arb table
Net, price: spread back to 7d avg − costs−$47as in the Price arb table
costs, in and out, $10k−$390.386% of the position
Funding, last 7 days+0.149%+$15 on $10k
+Price spread, last 4 days (all we have)−0.105%−$11 · spread now +0.018%, 7d avg +0.101%
=Together, before fees+0.044%+ Points / potential airdropLighter: Season 3 · farm board+$4 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter is 0.083% cheaper against Kraken Futures than usual: you would sell low and buy high (spread +0.018% now, against its 7-day average of +0.101%). If the spread goes back, that is −$8 on $10k: about 2.4 days of funding at the current rate (+$3 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_UNIUSD | 8.9400 | −0.0017 | get 0.0002% / 1h | 24m 38s | $4.7M | $8.7M | 50x |
| Short | Lighter UNI | 8.9416 | 0.0096 | get 0.0012% / 1h | 24m 38s | $4.5M | $5.7M | 15x |
Kraken Futures PF_UNIUSD
Lighter UNIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Kraken Futures. 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
- $23.71
- Price spread: +0.018% → +0.101%
- −$8.25
- Slippage, 4 orders
- −$28.56
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$23.1
- Costs to cover
- 0.386%
- Break-even
- 13.8 days
Slippage from Kraken Futures: live order book, 4 min ago; Lighter: live order book, 13 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 Kraken Futures live order book, 4 min ago | 2.81 bp | 14.6 bp −$15 | 21.1 bp −$211 | 48.0 bp −$4,795 | doesn't fit |
| Sell Lighter live order book, 13 min ago | 1.91 bp | 4.6 bp −$5 | 17.5 bp −$175 | 101.6 bp −$10.2K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps UNI-USD | −0.0150% | 1h | 8.9388 | −0.013% | $107K | $618K | 10x | as long as short |
| Kraken Futures PF_UNIUSDlong | −0.0017% | 1h | 8.9400 | long leg | $4.7M | $8.7M | 50x | |
| 01 Exchange UNIUSD | −0.0016% | 1h | 8.9326 | −0.083% | $446 | $5 | 10x | as long as short |
| Deribit UNI_USDC-PERPETUAL | 0.0000% | 1h | 8.9406 | +0.007% | $589K | $250K | 50x | as long as short |
| gTrade (Gains Network) UNI/USD | L +0.0004% / S −0.0007% | 1h | 8.9419 | +0.022% | $49K | — | 150x | as long as short |
| Injective UNI/USDC PERP | +0.0033% | 1h | 8.8300 | −1.230% | $660 | $153K | 12x | as long as short |
| Nado UNI-PERP | +0.0077% | 1h | 8.9425 | +0.028% | $741K | $4.7M | 10x | as long as short |
| Lighter UNIshort | +0.0096% | 1h | 8.9416 | +0.018% | $4.5M | $5.7M | 15x | |
| Paradex UNI-USD-PERP | +0.0100% | 8h | 8.9266 | −0.150% | $25K | — | 20x | as long as short |
| Aster UNIUSDT | +0.0100% | 8h | 8.9324 | −0.085% | $732K | $3.6M | 50x | as long as short |
Polymarket Perps UNI-USD
01 Exchange UNIUSD
Deribit UNI_USDC-PERPETUAL
gTrade (Gains Network) UNI/USD
Injective UNI/USDC PERP
Nado UNI-PERP
Paradex UNI-USD-PERP
Aster UNIUSDTShow all 40 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica UNI | +0.0100% | 1h | 8.9303 | −0.108% | $285K | $590K | 10x | as long as short |
| Binance UNIUSDT | +0.0100% | 8h | 8.9275 | −0.139% | $215.5M | $658.8M | 75x | as long as short |
| Bybit UNIUSDT | +0.0100% | 8h | 8.9260 | −0.156% | $99.1M | $111.7M | 75x | as long as short |
| OKX UNI-USDT-SWAP | +0.0100% | 8h | 8.9250 | −0.168% | $54.2M | $266.3M | 50x | as long as short |
| Arcus UNI-USD | +0.0100% | 1h | 8.9340 | −0.067% | $319K | $696K | 10x | as long as short |
| Gate UNI_USDT | +0.0100% | 8h | 8.9270 | −0.145% | $25.1M | $66.6M | 75x | as long as short |
| MEXC UNI_USDT | +0.0100% | 8h | 8.9310 | −0.100% | $49.1M | $26.6M | 200x | as long as short |
| KuCoin UNIUSDTM | +0.0100% | 8h | 8.9340 | −0.067% | $13.1M | $13.4M | 75x | as long as short |
| Bitget UNIUSDT | +0.0100% | 8h | 8.9300 | −0.112% | $32.7M | $45.4M | 75x | as long as short |
| BingX UNI-USDT | +0.0100% | 8h | 8.9270 | −0.145% | — | $57.4M | — | as long as short |
| Backpack UNI_USDC_PERP | +0.0100% | 1h | 8.9358 | −0.047% | $1.1M | $2.5M | 10x | as long as short |
| Variational Omni UNI | +0.0100% | 8h | 8.9369 | −0.034% | $4.1M | $4.3M | — | as long as short |
| edgeX UNIUSDC | +0.0100% | 4h | 8.9114 | −0.320% | $169K | $345K | 20x | as long as short |
| GRVT UNI_USDT_Perp | +0.0100% | 8h | 8.9127 | −0.305% | $624K | $2.7M | 10x | as long as short |
| ApeX Omni UNIUSDT | +0.0100% | 1h | 8.9190 | −0.235% | $90K | $710K | 50x | as long as short |
| StandX UNI-USD | +0.0100% | 1h | 8.9240 | −0.179% | $15K | $3.5M | 20x | as long as short |
| Orderly PERP_UNI_USDC | +0.0100% | 8h | 8.9320 | −0.089% | $16K | $1.9M | 10x | as long as short |
| SunX UNI-USDT | +0.0100% | 8h | 8.9472 | +0.081% | $36K | $1.4M | 30x | as long as short |
| SoDEX UNI-USD | +0.0100% | 1h | 8.9345 | −0.061% | $32K | $886K | 10x | as long as short |
| HTX UNI-USDT | +0.0100% | 8h | 8.9456 | +0.063% | $700K | $4.8M | 75x | as long as short |
| Phemex UNIUSDT | +0.0100% | 8h | 8.9340 | −0.067% | $27.0M | $4.5M | 50x | as long as short |
| Extended UNI-USD | +0.0104% | 1h | 8.9234 | −0.186% | $293K | $1.7M | 25x | as long as short |
| Aevo UNI-PERP | +0.0104% | 1h | 8.9370 | −0.033% | $32K | — | 3x | as long as short |
| Coinbase International UNI-PERP-INTX | +0.0192% | 1h | 8.9520 | +0.134% | $932K | $5.5M | 50x | as long as short |
| Hyperliquid UNI | +0.0195% | 1h | 8.9423 | +0.026% | $95.0M | $67.5M | 10x | as long as short |
| dYdX UNI-USD | +0.0219% | 1h | 8.9355 | −0.050% | $235K | $31K | 10x | as long as short |
| BloFin UNI-USDT | +0.0220% | 8h | 8.9330 | −0.078% | $10.0M | $3.6M | 75x | as long as short |
| Reya UNIRUSDPERP | +0.0379% | 1h | 8.9378 | −0.025% | $16K | — | 20x | as long as short |
| GMX UNI/USD [UNI-USDC] | L +0.0381% / S −0.0243% | 1h | 8.9186 | −0.239% | $634K | — | 120x | as long as short |
| Aftermath Perps UNIUSD | +0.0465% | 1h | 8.9294 | −0.119% | $983 | $53K | 10x | as long as short |
Pacifica UNI
Binance UNIUSDT
Bybit UNIUSDT
OKX UNI-USDT-SWAP
Arcus UNI-USD
Gate UNI_USDT
MEXC UNI_USDT
KuCoin UNIUSDTM
Bitget UNIUSDT
BingX UNI-USDT
Backpack UNI_USDC_PERP
Variational Omni UNI
edgeX UNIUSDC
GRVT UNI_USDT_Perp
ApeX Omni UNIUSDT
StandX UNI-USD
Orderly PERP_UNI_USDC
SunX UNI-USDT
SoDEX UNI-USD
HTX UNI-USDT
Phemex UNIUSDT
Extended UNI-USD
Aevo UNI-PERP
Coinbase International UNI-PERP-INTX
Hyperliquid UNI
dYdX UNI-USD
BloFin UNI-USDT
Reya UNIRUSDPERP
GMX UNI/USD [UNI-USDC]
Aftermath Perps UNIUSD