Live data
Uniswap (UNI) perpetual futures
Live funding rates, open interest, and measured trade costs for Uniswap. 21 venues in the PerpFinder venue map list UNI perps.
At a glance
This UNI funding snapshot covers 4 venues: Bybit, Hyperliquid, dYdX, and Binance. It is the server-rendered page seed, not the venue total; the live funding panel below covers every venue that lists UNI.
- Highest annualized funding
- +10.95%Hyperliquid
- Executable spread
- 23.71% annualizedHyperliquid vs Bybit
More
The highest executable annualized funding rate is +10.95% on Hyperliquid, and the lowest is -12.76% on Bybit.
The executable spread between Hyperliquid and Bybit is 23.71% annualized, from 3 venues that report open interest.
Bybit, Hyperliquid, and dYdX report $130.8m of open interest across the venues in this snapshot that publish it.
The UNI price in this snapshot comes from Binance at $6.75.
Generated from live venue feeds at
Funding rates
Annualized rates across exchanges
BinanceCEX
HyperliquidDEX
dYdXDEX
BybitCEXOpen interest
Per-exchange open interest
BybitHyperliquiddYdXLong/short ratio
Account-level positioning
Long/short ratios are published for BTC, ETH, SOL, and XRP only.
Cost comparison
Fee plus slippage for a $100K trade
The order-book cost engine measures BTC, ETH, SOL, XRP, BNB, DOGE and HYPE. UNI is not measured. Live costs for the measured assets are on the cost comparison tool.
Where to Trade Uniswap (UNI) Perpetual Futures
19 of the 21 venues that list UNI perps have a PerpFinder review page. The table compares fees, leverage, and features for those 19.
| Venue | Maker | Taker | Max leverage | Rating | Trade |
|---|---|---|---|---|---|
| 0.015% | 0.045% | 40x | 9.2 | UNI → | |
| 0.010% | 0.050% | 50x | 9.0 | UNI → | |
| 0.04% or 0.06% when opening and again when closing; rate depends on whether the action improves or worsens pool imbalance | 100x | 8.5 | UNI → | ||
| 0.035% when opening and again when closing; BTC and ETH review rate; other pairs can use different fees and spreads | 1000x | 8.0 | UNI → | ||
| 0.010% | 0.035% | 50x | 8.0 | UNI → | |
| 0.020% | 0.050% | 100x | 8.0 | UNI → | |
| 0.010% | 0.020% | 100x | 7.8 | UNI → | |
| Free | 0.030% | 50x | 7.8 | UNI → | |
| -0.010% | 0.017% | 1000x | 7.8 | UNI → | |
| 0.050% | 0.080% | 20x | 7.5 | UNI → | |
| Free | 0.040% | 100x | 7.5 | UNI → | |
| 0.012% | 0.038% | 100x | 7.5 | UNI → | |
| Free | 0.000% | 50x | 7.5 | UNI → | |
| 0.01% or 0.045% when opening and again when closing; crypto standard perps; 0.01% improves the open-interest balance, 0.045% worsens it; forex, commodity and equity markets are 0% and Upside Perps use profit sharing | 100x | 7.0 | UNI → | ||
| 0.045% or 0.055% when opening and again when closing; VIP Tier 0; 0.045% when an executed open, increase, close, or decrease improves long-short open-interest balance, and 0.055% when it worsens that balance | 100x | 7.0 | UNI → | ||
| Free | 0.025% | 100x | 7.0 | UNI → | |
| 0.04% or 0.06% when opening and again when closing; rate depends on whether the action improves or worsens the long and short balance | 100x | 6.5 | UNI → | ||
| 0.020% | 0.050% | 100x | 6.5 | UNI → | |
| 0.010% | 0.035% | 100x | 6.0 | UNI → | |
Market Overview
UNI perps function as the primary proxy trade for DEX sector growth. Uniswap's protocol processes hundreds of billions in annual swap volume, and UNI token governance retains the ability to activate a fee switch that would direct a portion of trading fees to UNI holders. That fee switch potential has been the main recurring catalyst for UNI perp OI buildups over the past three years.
Venue and liquidity overview
UNI perps are available on Binance, Bybit, OKX, and most major CEXes. Hyperliquid lists UNI with solid depth relative to its market cap. Among DEX venues, dYdX and Gains Network both list UNI perps.
Most UNI perp volume sits on centralized venues, while the Uniswap spot activity that the token governs stays on-chain.
Fee switch governance and the OI pattern
The Uniswap fee switch has been debated in governance for years. Each time the topic resurfaces in the Uniswap governance forum, UNI OI on perp venues spikes as traders position for a favorable outcome. The pattern is consistent: advance governance discussion leads to rising OI and positive funding, the vote outcome resolves the position, and funding normalizes.
PerpFinder tracks these governance events via the funding rates tool. A fee switch discussion raises UNI funding, because traders crowd into long positions before an uncertain governance outcome. Positive funding is a running cost for each of those longs.
Uniswap v4 and hooks as a new catalyst structure
Uniswap v4 introduced a hooks architecture that allows developers to build custom AMM logic around Uniswap pools. Each new high-profile hook deployment or v4 integration announcement creates a minor OI response in UNI perps. The cumulative effect of sustained developer activity is more important than any individual hook, and DefiLlama's Uniswap data tracks TVL across versions.
UNI has a meaningful team and VC token supply with ongoing vesting. Check token unlock schedules before holding long positions through large allocation cliff dates. Compare UNI perp fees across venues at the cost comparison tool.
Trading Tips for Uniswap Perps
UNI is a proxy for DeFi trading activity — when DEX volumes surge, UNI tends to follow. Monitor Uniswap's weekly volume and fee revenue as leading indicators. UNI governance proposals around fee switches can also trigger sharp moves.
Frequently Asked Questions — Uniswap (UNI)
What is the current UNI perpetual futures funding rate?
The live Uniswap (UNI) funding-rate panel updates every 2 minutes. It shows annualized rates for each exchange that lists UNI perps. A positive rate means long traders pay short traders, while a negative rate means shorts pay longs.
Which exchange has the lowest UNI perp trading fees?
Among 14 tracked UNI venues with comparable order-book schedules, Paradex lists the lowest taker fee at 0.000%. DESK lists 0.017%. 5 position-fee venues are excluded from this maker/taker result. Use the cost comparison for total cost.
How does Uniswap open interest compare across exchanges?
The Uniswap (UNI) open-interest chart shows the total value of outstanding UNI derivative contracts on each exchange. Rising open interest indicates new capital entering the market, while declining OI suggests positions are being closed.
What does the UNI long/short ratio indicate?
The Uniswap long/short ratio shows the balance between traders betting on price increases (longs) versus decreases (shorts) across exchanges. An extreme ratio in either direction can signal potential reversals as crowded positioning often leads to liquidation cascades.
Where can I trade UNI perpetual futures?
Uniswap (UNI) perps are listed on 19 exchanges, including Hyperliquid, dYdX, GMX, Gains Network, and Bluefin, plus 14 more. The "Where to Trade Uniswap (UNI) Perpetual Futures" section compares fees and leverage limits and gives a direct trading link for each venue.
Category: DeFi · Data updates every 2 minutes · All rates shown are annualized