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Funding arb · Price arb /

UNI

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 08:00 UTC−0.0404%/8h= −44.3% APRpaid last 24h +0.040%
Price spread now: Kraken Futures against Binance+0.151%7-day average +0.045% · you sell dearer than you buy
Net, funding: paid 7d − costs−$17as in the Funding arb table
Net, price: spread back to 7d avg − costs−$29as in the Price arb table
costs, in and out, $10k−$390.391% of the position
Long on BinanceShort on Kraken Futures
What this pair did over the last
the charts below follow
Funding, last 7 days+0.223%+$22 on $10k
Price spread, last 4 days (all we have)+0.060%+$6 · spread now +0.151%, 7d avg +0.045%
Together, before fees+0.283%+$28 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Kraken Futures is 0.106% dearer against Binance than usual: you sell high and buy low (spread +0.151% now, against its 7-day average of +0.045%): +$11 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 21 hours. Mind the row above: over the last 7 days funding on this pair paid +0.223%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.223% in total (about 11.6% 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance UNIUSDT8.91510.0100pay 0.0100% / 8h7h 59m$217.0M$652.2M75x
ShortKraken Futures PF_UNIUSD8.9286−0.0304pay 0.0038% / 1h59m 31s$4.7M$8.6M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures against Binance. 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

Funding earned
−$84.93
Price spread: +0.151% → +0.045%
$10.58
Slippage, 4 orders
−$19.14
Fee Binance: 5 bp × 2 orders
−$10
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
−$113.5
Costs to cover
0.391%
Break-even
never at this rate
Slippage from Binance: live order book, 14 min ago; Kraken Futures: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 14 min ago0.56 bp6.5 bp −$713.5 bp −$13543.6 bp −$4,356192.9 bp −$96.4K
Sell Kraken Futures live order book, 4 min ago0.56 bp10.8 bp −$1114.7 bp −$14737.7 bp −$3,773doesn't fit

UNI on 40 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_UNIUSDshort−0.0304%1h8.9286+0.151%$4.7M$8.6M50x
gTrade (Gains Network) UNI/USDL +0.0004% / S −0.0005%1h8.91510.000%$77K—150xas long as short
01 Exchange UNIUSD+0.0008%1h8.9170+0.021%$445$510xas long as short
Injective UNI/USDC PERP+0.0033%1h8.8300−0.955%$660$153K12xas long as short
Deribit UNI_USDC-PERPETUAL+0.0054%1h8.9273+0.137%$591K$273K50xas long as short
Lighter UNI+0.0096%1h8.9384+0.261%$4.5M$5.4M15xas long as short
Paradex UNI-USD-PERP+0.0100%8h8.9271+0.135%$25K—20xas long as short
Nado UNI-PERP+0.0100%1h8.9160+0.010%$729K$4.7M10xas long as short
Hyperliquid UNI+0.0100%1h8.9240+0.100%$95.2M$67.7M10xas long as short
Aster UNIUSDT+0.0100%8h8.9219+0.077%$724K$3.2M50xas long as short
Show all 40 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica UNI+0.0100%1h8.9297+0.164%$288K$567K10xas long as short
Binance UNIUSDTlong+0.0100%8h8.9151long leg$217.0M$652.2M75x
Bybit UNIUSDT+0.0100%8h8.9120−0.035%$98.9M$110.6M75xas long as short
OKX UNI-USDT-SWAP+0.0100%8h8.9120−0.035%$54.6M$262.3M50xas long as short
Arcus UNI-USD+0.0100%1h8.9280+0.145%$320K$698K10xas long as short
Gate UNI_USDT+0.0100%8h8.9270+0.133%$26.4M$62.3M75xas long as short
MEXC UNI_USDT+0.0100%8h8.9180+0.032%$48.0M$25.2M200xas long as short
KuCoin UNIUSDTM+0.0100%8h8.9180+0.032%$13.0M$13.3M75xas long as short
Bitget UNIUSDT+0.0100%8h8.9140−0.012%$32.6M$45.6M75xas long as short
BingX UNI-USDC+0.0100%8h8.9300+0.167%—$6.5M—as long as short
Backpack UNI_USDC_PERP+0.0100%1h8.9337+0.208%$1.1M$2.5M10xas long as short
Variational Omni UNI+0.0100%8h8.9263+0.125%$4.1M$4.1M—as long as short
edgeX UNIUSDC+0.0100%4h8.8764−0.434%$168K$348K20xas long as short
GRVT UNI_USDT_Perp+0.0100%8h8.9300+0.167%$631K$2.6M10xas long as short
ApeX Omni UNIUSDT+0.0100%1h8.8750−0.450%$89K$710K50xas long as short
StandX UNI-USD+0.0100%1h8.9270+0.133%$14K$3.5M20xas long as short
Polymarket Perps UNI-USD+0.0100%1h8.9163+0.013%$104K$617K10xas long as short
Orderly PERP_UNI_USDC+0.0100%8h8.9240+0.100%$17K$2.3M10xas long as short
SunX UNI-USDT+0.0100%8h8.9272+0.136%$36K$1.3M30xas long as short
SoDEX UNI-USD+0.0100%1h8.9210+0.066%$32K$883K10xas long as short
HTX UNI-USDT+0.0100%8h8.9298+0.165%$705K$4.7M75xas long as short
Phemex UNIUSDT+0.0100%8h8.9210+0.066%$27.0M$4.4M50xas long as short
Extended UNI-USD+0.0104%1h8.9257+0.118%$301K$1.8M25xas long as short
Aevo UNI-PERP+0.0104%1h8.9229+0.087%$32K—3xas long as short
Coinbase International UNI-PERP-INTX+0.0200%1h8.9320+0.189%$929K$5.5M50xas long as short
BloFin UNI-USDT+0.0220%8h8.9280+0.145%$10.1M$3.6M75xas long as short
GMX UNI/USD [UNI-USDC]L +0.0381% / S −0.0243%1h8.9223+0.081%$635K—120xas long as short
Reya UNIRUSDPERP+0.0382%1h8.9212+0.069%$16K—20xas long as short
Aftermath Perps UNIUSD+0.0404%1h8.9079−0.081%$1K$52K10xas long as short
dYdX UNI-USD+0.0586%1h8.9196+0.050%$235K$30K10xas long as short