Funding you earn now, next payment 23:00 UTC−0.0535%/8h= −58.5% APRnext payment −$0.67 per $10,000 · paid last 24h −0.130%
Price spread now: dYdX against Lighter−0.339%58s7-day average −0.147% · you buy dearer than you sell
Net, funding: paid 7d − costs−$86as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$790.787% of the position
Funding, last 7 days−0.071%−$7 on $10k
+Price spread, last 4 days (all we have)+0.194%+$19 · spread now −0.339%, 7d avg −0.147%
=Together, before fees+0.123%+ Points / potential airdropLighter: Season 3 · farm board+$12 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and dYdX is 0.192% cheaper against Lighter than usual: you would sell low and buy high (−$19 if the spread goes back to its 7-day average of −0.147%). Swap the legs. The two prices were read 58 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.071% in total (about -3.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.67 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 | Lighter UNI | 8.9772 | 0.0656 | pay 0.0082% / 1h | 5m 50s | $4.6M | $5.2M | 15x |
| Short | dYdX UNI-USD | 8.9467 | 0.0121 | get 0.0015% / 1h | 5m 50s | $248K | $6K | 10x |
Lighter UNI
dYdX UNI-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX 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
- −$112.26
- Price spread: −0.339% → −0.147%
- −$19.19
- Slippage, 4 orders
- −$68.72
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$210.17
- Costs to cover
- 0.787%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 7 min ago; dYdX: 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 Lighter live order book, 7 min ago | 1.79 bp | 5.8 bp −$6 | 13.5 bp −$135 | 90.7 bp −$9,073 | doesn't fit |
| Sell dYdX live order book, 13 min ago | 27.53 bp | 32.5 bp −$33 | 171.8 bp −$1,718 | 199.2 bp −$19.9K | 413.8 bp −$206.9K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni UNI | −0.0038% | 8h | 8.9363 | −0.456% | $4.0M | $4.6M | — | as long as short |
| gTrade (Gains Network) UNI/USD | L +0.0004% / S −0.0004% | 1h | 8.9603 | −0.188% | $62K | — | 150x | as long as short |
| Bybit UNIUSDT | +0.0018% | 8h | 8.9520 | −0.281% | $102.2M | $104.8M | 75x | as long as short |
| Injective UNI/USDC PERP | +0.0033% | 1h | 8.8300 | −1.640% | $660 | $155K | 12x | as long as short |
| OKX UNI-USDT-SWAP | +0.0057% | 8h | 8.9540 | −0.258% | $55.4M | $247.5M | 50x | as long as short |
| 01 Exchange UNIUSD | +0.0080% | 1h | 8.9627 | −0.162% | $447 | — | 10x | as long as short |
| Paradex UNI-USD-PERP | +0.0100% | 8h | 8.9531 | −0.268% | $26K | — | 20x | as long as short |
| Nado UNI-PERP | +0.0100% | 1h | 8.9515 | −0.286% | $947K | $4.1M | 10x | as long as short |
| Aster UNIUSDT | +0.0100% | 8h | 8.9603 | −0.189% | $1.0M | $3.3M | 50x | as long as short |
| Pacifica UNI | +0.0100% | 1h | 8.9492 | −0.312% | $298K | $584K | 10x | as long as short |
Variational Omni UNI
gTrade (Gains Network) UNI/USD
Bybit UNIUSDT
Injective UNI/USDC PERP
OKX UNI-USDT-SWAP
01 Exchange UNIUSD
Paradex UNI-USD-PERP
Nado UNI-PERP
Aster UNIUSDT
Pacifica UNIShow all 40 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance UNIUSDT | +0.0100% | 8h | 8.9550 | −0.247% | $220.4M | $591.1M | 75x | as long as short |
| Arcus UNI-USD | +0.0100% | 1h | 8.9620 | −0.169% | $276K | $621K | 10x | as long as short |
| Gate UNI_USDT | +0.0100% | 8h | 8.9550 | −0.247% | $23.1M | $59.0M | 75x | as long as short |
| MEXC UNI_USDT | +0.0100% | 8h | 8.9500 | −0.303% | $43.2M | $24.6M | 200x | as long as short |
| KuCoin UNIUSDTM | +0.0100% | 8h | 8.9470 | −0.336% | $13.6M | $13.8M | 75x | as long as short |
| Bitget UNIUSDT | +0.0100% | 8h | 8.9520 | −0.281% | $32.4M | $41.3M | 75x | as long as short |
| BingX UNI-USDC | +0.0100% | 8h | 8.9530 | −0.270% | — | $6.5M | — | as long as short |
| Backpack UNI_USDC_PERP | +0.0100% | 1h | 8.9602 | −0.189% | $995K | $2.3M | 10x | as long as short |
| edgeX UNIUSDC | +0.0100% | 4h | 8.9326 | −0.497% | $168K | $343K | 20x | as long as short |
| GRVT UNI_USDT_Perp | +0.0100% | 8h | 8.9280 | −0.548% | $628K | $2.5M | 10x | as long as short |
| ApeX Omni UNIUSDT | +0.0100% | 1h | 8.9300 | −0.526% | $88K | $713K | 50x | as long as short |
| StandX UNI-USD | +0.0100% | 1h | 8.9380 | −0.437% | $107K | $3.2M | 20x | as long as short |
| Polymarket Perps UNI-USD | +0.0100% | 1h | 8.9609 | −0.182% | $87K | $356K | 10x | as long as short |
| Orderly PERP_UNI_USDC | +0.0100% | 8h | 8.9580 | −0.214% | $16K | $1.7M | 10x | as long as short |
| SunX UNI-USDT | +0.0100% | 8h | 8.9654 | −0.131% | $36K | $1.3M | 30x | as long as short |
| SoDEX UNI-USD | +0.0100% | 1h | 8.9551 | −0.246% | $25K | $663K | 10x | as long as short |
| HTX UNI-USDT | +0.0100% | 8h | 8.9726 | −0.051% | $734K | $4.3M | 75x | as long as short |
| Phemex UNIUSDT | +0.0100% | 8h | 8.9570 | −0.225% | $27.0M | $4.4M | 50x | as long as short |
| Extended UNI-USD | +0.0104% | 1h | 8.9432 | −0.379% | $302K | $1.5M | 25x | as long as short |
| Aevo UNI-PERP | +0.0104% | 1h | 8.9607 | −0.183% | $32K | $1K | 3x | as long as short |
| dYdX UNI-USDshort | +0.0121% | 1h | 8.9467 | −0.339% | $248K | $6K | 10x | |
| Deribit UNI_USDC-PERPETUAL | +0.0123% | 1h | 8.9607 | −0.184% | $569K | $157K | 50x | as long as short |
| BloFin UNI-USDT | +0.0220% | 8h | 8.9380 | −0.437% | $9.9M | $3.4M | 75x | as long as short |
| Coinbase International UNI-PERP-INTX | +0.0224% | 1h | 8.9580 | −0.214% | $1.1M | $5.3M | 50x | as long as short |
| Kraken Futures PF_UNIUSD | +0.0338% | 1h | 8.9610 | −0.181% | $5.0M | $7.0M | 50x | as long as short |
| Reya UNIRUSDPERP | +0.0363% | 1h | 8.9565 | −0.231% | $16K | — | 20x | as long as short |
| GMX UNI/USD [UNI-USDC] | L +0.0380% / S −0.0320% | 1h | 8.9618 | −0.172% | $562K | — | 120x | as long as short |
| Hyperliquid UNI | +0.0449% | 1h | 8.9684 | −0.098% | $98.8M | $59.3M | 10x | as long as short |
| Lighter UNIlong | +0.0656% | 1h | 8.9772 | long leg | $4.6M | $5.2M | 15x | |
| Aftermath Perps UNIUSD | +0.0668% | 1h | 8.9322 | −0.501% | $1K | $49K | 10x | as long as short |
Binance UNIUSDT
Arcus UNI-USD
Gate UNI_USDT
MEXC UNI_USDT
KuCoin UNIUSDTM
Bitget UNIUSDT
BingX UNI-USDC
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
Extended UNI-USD
Aevo UNI-PERP
Deribit UNI_USDC-PERPETUAL
BloFin UNI-USDT
Coinbase International UNI-PERP-INTX
Kraken Futures PF_UNIUSD
Reya UNIRUSDPERP
GMX UNI/USD [UNI-USDC]
Hyperliquid UNI
Aftermath Perps UNIUSD