Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0892%/8h= −97.7% APRpaid last 24h −0.182%

Price spread now: SunX against Lighter−0.088%7-day average −0.097% · you buy dearer than you sell

Net, funding: paid 7d − costs−$76as in the Funding arb table

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$470.474% of the position

Long on Lighter Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.284%−$28 on $10k

Price spread, last 3 days (all we have)+0.163%+$16 · spread now −0.088%, 7d avg −0.097%

Together, before fees−0.121%+ Points / potential airdropLighter: Season 3 · farm board−$12 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.097%, so right now this pair is about funding alone: −$27 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.284% in total (about -14.8% 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	Lighter UNI	9.3189	0.0992	pay 0.0124% / 1h	26m 15s	$4.7M	$5.3M	15x
Short	SunX UNI-USDT	9.3107	0.0100	get 0.0100% / 8h	7h 26m	$37K	$1.3M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Lighter. 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 LighterbpFee SunXbpOrdersPrice spread, now −0.088%Rate

Funding earned: −$187.32
Price spread: −0.088% → −0.097%: $0.89
Slippage, 4 orders: −$39.42
Fee Lighter: 0 bp × 2 orders: $0
Fee SunX: 4 bp × 2 orders: −$8
Net: −$233.85
Costs to cover: 0.474%
Break-even: never at this rate

Slippage from Lighter: live order book, 7 min ago; SunX: live order book, 8 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	0.49 bp	11.1 bp −$11	29.6 bp −$296	109.4 bp −$10.9K	doesn't fit
Sell SunX live order book, 8 min ago	13.87 bp	17.9 bp −$18	36.6 bp −$366	doesn't fit	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
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0006%	1h	9.3041	−0.158%	$50K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−5.246%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0080%	1h	9.2912	−0.297%	$464	—	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.2945	−0.262%	$1.0M	$4.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.3070	−0.128%	$1.1M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.2778	−0.441%	$309K	$586K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.3017	−0.185%	$233.5M	$597.0M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.2970	−0.235%	$105.0M	$107.6M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.2950	−0.256%	$57.2M	$260.7M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.2900	−0.310%	$276K	$616K	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_USDT	+0.0100%	8h	9.3000	−0.203%	$23.6M	$59.4M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.3000	−0.203%	$45.3M	$24.0M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.3000	−0.203%	$13.9M	$13.6M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.2950	−0.256%	$34.2M	$42.6M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.2970	−0.235%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.3002	−0.201%	$1.0M	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.2980	−0.225%	$4.2M	$4.4M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.2339	−0.912%	$174K	$343K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.2169	−1.095%	$649K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.2360	−0.890%	$90K	$707K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.2770	−0.450%	$37K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.3024	−0.177%	$82K	$382K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.2980	−0.224%	$16K	$1.7M	10x	as long as short
SunX UNI-USDTshort	+0.0100%	8h	9.3107	−0.088%	$37K	$1.3M	30x
SoDEX UNI-USD	+0.0100%	1h	9.3010	−0.192%	$22K	$719K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.3085	−0.112%	$735K	$4.4M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.3000	−0.203%	$28.0M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.2781	−0.437%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.2975	−0.230%	$311K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.3039	−0.161%	$33K	—	3x	as long as short
dYdX UNI-USD	+0.0113%	1h	9.2785	−0.433%	$244K	$20K	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.2550	−0.686%	$10.3M	$3.6M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0272%	1h	9.3140	−0.053%	$1.1M	$4.9M	50x	as long as short
Reya UNIRUSDPERP	+0.0366%	1h	9.2973	−0.232%	$17K	—	20x	as long as short
Kraken Futures PF_UNIUSD	+0.0377%	1h	9.3089	−0.108%	$5.2M	$7.0M	50x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0382% / S −0.0323%	1h	9.3029	−0.171%	$588K	—	120x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0477%	1h	9.3100	−0.096%	$600K	$178K	50x	as long as short
Hyperliquid UNI	+0.0559%	1h	9.3067	−0.131%	$102.6M	$60.7M	10x	as long as short
Aftermath Perps UNIUSD	+0.0964%	1h	9.2260	−0.997%	$1K	$49K	10x	as long as short
Lighter UNIlong	+0.0992%	1h	9.3189	long leg	$4.7M	$5.3M	15x