Funding you earn now, next payment 10:00 UTC+0.0144%/8h= +15.8% APRnext payment +$0.18 per $10,000 · paid last 24h −0.106%
Price spread now: Coinbase International against Lighter+0.197%7-day average −0.133% · you sell dearer than you buy
Net, funding: paid 7d − costs−$86as in the Funding arb table
Net, price: spread back to 7d avg − costs−$8as in the Price arb table
costs, in and out, $10k−$410.412% of the position
Funding, last 7 days−0.447%−$45 on $10k
+Price spread, last 4 days (all we have)−0.237%−$24 · spread now +0.197%, 7d avg −0.133%
=Together, before fees−0.685%+ Points / potential airdropLighter: Season 3 · farm board−$68 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Coinbase International is 0.330% dearer against Lighter than usual: you sell high and buy low: +$33 more if the spread goes back to its 7-day average of −0.133%. Mind the row above: over the last 7 days funding on this pair cost −0.447%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter UNI | 8.8296 | 0.0096 | pay 0.0012% / 1h | 53m 29s | $4.4M | $4.8M | 15x |
| Short | Coinbase International UNI-PERP-INTX | 8.8470 | 0.0240 | get 0.0030% / 1h | 53m 29s | $924K | $4.4M | 50x |
Lighter UNI
Coinbase International UNI-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Lighter. 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
- $30.24
- Price spread: +0.197% → −0.133%
- $32.97
- Slippage, 4 orders
- −$31.15
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $22.06
- Costs to cover
- 0.412%
- Break-even
- 1.9 days
Slippage from Lighter: live order book, 8 min ago; Coinbase International: live order book, 3 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 Lighter live order book, 8 min ago | 2.26 bp | 7.1 bp −$7 | 12.8 bp −$128 | 63.1 bp −$6,315 | doesn't fit |
| Sell Coinbase International live order book, 3 min ago | 5.65 bp | 14.9 bp −$15 | 19.4 bp −$194 | 51.3 bp −$5,126 | doesn't fit |
UNI on 40 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit UNI_USDC-PERPETUAL | 0.0000% | 1h | 8.8238 | −0.066% | $584K | $217K | 50x | as long as short |
| gTrade (Gains Network) UNI/USD | L +0.0004% / S −0.0005% | 1h | 8.8200 | −0.109% | $76K | — | 150x | as long as short |
| Injective UNI/USDC PERP | +0.0033% | 1h | 8.8300 | +0.005% | $660 | $147K | 12x | as long as short |
| Nado UNI-PERP | +0.0045% | 1h | 8.8130 | −0.188% | $712K | $3.9M | 10x | as long as short |
| Lighter UNIlong | +0.0096% | 1h | 8.8296 | long leg | $4.4M | $4.8M | 15x | |
| Paradex UNI-USD-PERP | +0.0100% | 8h | 8.8125 | −0.193% | $25K | — | 20x | as long as short |
| Aster UNIUSDT | +0.0100% | 8h | 8.8209 | −0.098% | $741K | $2.4M | 50x | as long as short |
| Pacifica UNI | +0.0100% | 1h | 8.8180 | −0.131% | $287K | $467K | 10x | as long as short |
| Binance UNIUSDT | +0.0100% | 8h | 8.8160 | −0.154% | $213.8M | $567.8M | 75x | as long as short |
| Bybit UNIUSDT | +0.0100% | 8h | 8.8130 | −0.188% | $97.5M | $97.4M | 75x | as long as short |
Deribit UNI_USDC-PERPETUAL
gTrade (Gains Network) UNI/USD
Injective UNI/USDC PERP
Nado UNI-PERP
Paradex UNI-USD-PERP
Aster UNIUSDT
Pacifica UNI
Binance UNIUSDT
Bybit UNIUSDTShow all 40 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX UNI-USDT-SWAP | +0.0100% | 8h | 8.8130 | −0.188% | $54.5M | $227.3M | 50x | as long as short |
| Arcus UNI-USD | +0.0100% | 1h | 8.8240 | −0.063% | $323K | $515K | 10x | as long as short |
| Gate UNI_USDT | +0.0100% | 8h | 8.8160 | −0.154% | $27.7M | $54.7M | 75x | as long as short |
| MEXC UNI_USDT | +0.0100% | 8h | 8.8180 | −0.131% | $46.3M | $20.5M | 200x | as long as short |
| KuCoin UNIUSDTM | +0.0100% | 8h | 8.8180 | −0.131% | $12.9M | $11.2M | 75x | as long as short |
| Bitget UNIUSDT | +0.0100% | 8h | 8.8130 | −0.188% | $32.8M | $42.4M | 75x | as long as short |
| BingX UNI-USDC | +0.0100% | 8h | 8.8130 | −0.188% | — | $6.5M | — | as long as short |
| Backpack UNI_USDC_PERP | +0.0100% | 1h | 8.8244 | −0.059% | $1.1M | $2.3M | 10x | as long as short |
| Variational Omni UNI | +0.0100% | 8h | 8.8262 | −0.038% | $4.1M | $2.7M | — | as long as short |
| edgeX UNIUSDC | +0.0100% | 4h | 8.8372 | +0.086% | $167K | $344K | 20x | as long as short |
| GRVT UNI_USDT_Perp | +0.0100% | 8h | 8.8280 | −0.018% | $619K | $2.2M | 10x | as long as short |
| ApeX Omni UNIUSDT | +0.0100% | 1h | 8.8360 | +0.072% | $89K | $713K | 50x | as long as short |
| StandX UNI-USD | +0.0100% | 1h | 8.8250 | −0.052% | $93K | $3.5M | 20x | as long as short |
| Polymarket Perps UNI-USD | +0.0100% | 1h | 8.8141 | −0.176% | $105K | $574K | 10x | as long as short |
| Orderly PERP_UNI_USDC | +0.0100% | 8h | 8.8160 | −0.154% | $16K | $2.5M | 10x | as long as short |
| SunX UNI-USDT | +0.0100% | 8h | 8.8284 | −0.014% | $36K | $1.1M | 30x | as long as short |
| SoDEX UNI-USD | +0.0100% | 1h | 8.8184 | −0.127% | $32K | $725K | 10x | as long as short |
| HTX UNI-USDT | +0.0100% | 8h | 8.8286 | −0.011% | $697K | $4.0M | 75x | as long as short |
| Phemex UNIUSDT | +0.0100% | 8h | 8.8170 | −0.143% | $26.6M | $4.5M | 50x | as long as short |
| Extended UNI-USD | +0.0104% | 1h | 8.8081 | −0.244% | $298K | $1.7M | 25x | as long as short |
| 01 Exchange UNIUSD | +0.0104% | 1h | 8.8199 | −0.110% | $440 | $56 | 10x | as long as short |
| Aevo UNI-PERP | +0.0104% | 1h | 8.8180 | −0.131% | $31K | — | 3x | as long as short |
| Kraken Futures PF_UNIUSD | +0.0131% | 1h | 8.8241 | −0.063% | $4.7M | $7.7M | 50x | as long as short |
| Hyperliquid UNI | +0.0199% | 1h | 8.8272 | −0.027% | $95.0M | $60.6M | 10x | as long as short |
| BloFin UNI-USDT | +0.0220% | 8h | 8.8290 | −0.007% | $10.0M | $3.4M | 75x | as long as short |
| Coinbase International UNI-PERP-INTXshort | +0.0240% | 1h | 8.8470 | +0.197% | $924K | $4.4M | 50x | |
| GMX UNI/USD [UNI-USDC] | L +0.0381% / S −0.0244% | 1h | 8.8164 | −0.150% | $628K | — | 120x | as long as short |
| Reya UNIRUSDPERP | +0.0386% | 1h | 8.8135 | −0.182% | $16K | — | 20x | as long as short |
| Aftermath Perps UNIUSD | +0.0577% | 1h | 8.8394 | +0.111% | $1K | $49K | 10x | as long as short |
| dYdX UNI-USD | +0.0638% | 1h | 8.8158 | −0.156% | $231K | $32K | 10x | as long as short |
OKX UNI-USDT-SWAP
Arcus UNI-USD
Gate UNI_USDT
MEXC UNI_USDT
KuCoin UNIUSDTM
Bitget UNIUSDT
BingX UNI-USDC
Backpack UNI_USDC_PERP
Variational Omni UNI
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
Extended UNI-USD
01 Exchange UNIUSD
Aevo UNI-PERP
Kraken Futures PF_UNIUSD
Hyperliquid UNI
BloFin UNI-USDT
GMX UNI/USD [UNI-USDC]
Reya UNIRUSDPERP
Aftermath Perps UNIUSD
dYdX UNI-USD