Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0240%/8h= +26.3% APRpaid last 24h +0.021%

Price spread now: Kraken Futures against BingX+0.067%7-day average +0.083% · you sell dearer than you buy

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

costs, in and out, $10k−$510.514% of the position

Long on BingX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.219%+$22 on $10k

Price spread, last 3 days (all we have)+0.306%+$31 · spread now +0.067%, 7d avg +0.083%

Together, before fees+0.525%+$53 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.083%, so right now this pair is about funding alone: +$7 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX UNI-USDC	8.8890	0.0100	pay 0.0100% / 8h	1h 21m	—	$6.5M	—
Short	Kraken Futures PF_UNIUSD	8.8950	0.0340	get 0.0043% / 1h	21m 29s	$5.0M	$7.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against BingX. 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 BingXbpFee Kraken FuturesbpOrdersPrice spread, now +0.067%Rate

Funding earned: $50.47
Price spread: +0.067% → +0.083%: −$1.57
Slippage, 4 orders: −$31.38
Fee BingX: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$2.48
Costs to cover: 0.514%
Break-even: 7.3 days

Slippage from BingX: live order book, 5 min ago; Kraken Futures: live order book, 2 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 BingX live order book, 5 min ago	1.70 bp	13.2 bp −$13	20.9 bp −$209	74.2 bp −$7,417	715.6 bp −$357.8K
Sell Kraken Futures live order book, 2 min ago	2.26 bp	14.1 bp −$14	16.9 bp −$169	43.0 bp −$4,299	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
Variational Omni UNI	−0.0057%	8h	8.8474	−0.468%	$3.9M	$4.5M	—	as long as short
Bybit UNIUSDT	−0.0002%	8h	8.8850	−0.045%	$101.3M	$104.6M	75x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	8.8904	+0.016%	$62K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−0.664%	$660	$155K	12x	as long as short
OKX UNI-USDT-SWAP	+0.0048%	8h	8.8820	−0.079%	$55.0M	$245.0M	50x	as long as short
01 Exchange UNIUSD	+0.0056%	1h	8.8960	+0.079%	$444	—	10x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8847	−0.048%	$25K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.8832	−0.065%	$941K	$4.0M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.8938	+0.054%	$1.0M	$3.3M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.8922	+0.036%	$298K	$570K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance UNIUSDT	+0.0100%	8h	8.8869	−0.023%	$218.0M	$588.4M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.8980	+0.101%	$283K	$615K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.8890	0.000%	$23.1M	$58.6M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.8910	+0.022%	$43.0M	$24.5M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.8910	+0.022%	$13.6M	$13.7M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8850	−0.045%	$32.2M	$41.4M	75x	as long as short
BingX UNI-USDClong	+0.0100%	8h	8.8890	long leg	—	$6.5M	—
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8929	+0.044%	$988K	$2.3M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8599	−0.327%	$167K	$343K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8775	−0.129%	$626K	$2.5M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8740	−0.169%	$88K	$712K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8880	−0.011%	$106K	$3.2M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.8871	−0.021%	$86K	$354K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8860	−0.034%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.8910	+0.022%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.8870	−0.022%	$25K	$666K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.8960	+0.079%	$730K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8850	−0.045%	$26.7M	$4.4M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8865	−0.028%	$301K	$1.4M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8895	+0.006%	$32K	$1K	3x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0118%	1h	8.8934	+0.050%	$565K	$157K	50x	as long as short
dYdX UNI-USD	+0.0139%	1h	8.8948	+0.066%	$246K	$6K	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.8710	−0.202%	$9.8M	$3.4M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0224%	1h	8.8890	0.000%	$1.1M	$5.3M	50x	as long as short
Kraken Futures PF_UNIUSDshort	+0.0340%	1h	8.8950	+0.067%	$5.0M	$7.0M	50x
Hyperliquid UNI	+0.0342%	1h	8.9007	+0.132%	$97.6M	$59.1M	10x	as long as short
Reya UNIRUSDPERP	+0.0362%	1h	8.8798	−0.104%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0379% / S −0.0319%	1h	8.8896	+0.007%	$557K	—	120x	as long as short
Lighter UNI	+0.0592%	1h	8.9104	+0.241%	$4.6M	$5.2M	15x	as long as short
Aftermath Perps UNIUSD	+0.0622%	1h	8.8616	−0.308%	$1K	$49K	10x	as long as short