Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0122%/8h= +13.4% APRpaid last 24h −0.011%

Price spread now: Kraken Futures against BloFin+0.124%7-day average +0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs−$55as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$480.478% of the position

Long on BloFin Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.070%−$7 on $10k

Price spread, last 3 days (all we have)+0.060%+$6 · spread now +0.124%, 7d avg +0.029%

Together, before fees−0.009%−$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Kraken Futures is 0.094% dearer against BloFin than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.029%. Mind the row above: over the last 7 days funding on this pair cost −0.070%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin UNI-USDT	8.8320	0.0220	pay 0.0220% / 8h	1h 28m	$9.8M	$3.3M	75x
Short	Kraken Futures PF_UNIUSD	8.8429	0.0342	get 0.0043% / 1h	28m 25s	$4.9M	$7.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against BloFin. 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 BloFinbpFee Kraken FuturesbpOrdersPrice spread, now +0.124%Rate

Funding earned: $25.69
Price spread: +0.124% → +0.029%: $9.43
Slippage, 4 orders: −$25.79
Fee BloFin: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$12.67
Costs to cover: 0.478%
Break-even: 10.5 days

Slippage from BloFin: live order book, 5 min ago; Kraken Futures: live order book, 6 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 BloFin live order book, 5 min ago	1.70 bp	8.7 bp −$9	13.8 bp −$138	39.6 bp −$3,962	doesn't fit
Sell Kraken Futures live order book, 6 min ago	2.26 bp	10.6 bp −$11	11.7 bp −$117	39.1 bp −$3,908	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	−0.0066%	8h	8.8274	−0.052%	$3.9M	$4.5M	—	as long as short
Bybit UNIUSDT	−0.0008%	8h	8.8300	−0.023%	$100.7M	$104.3M	75x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	8.8354	+0.038%	$61K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−0.023%	$660	$155K	12x	as long as short
OKX UNI-USDT-SWAP	+0.0043%	8h	8.8200	−0.136%	$54.7M	$243.2M	50x	as long as short
01 Exchange UNIUSD	+0.0048%	1h	8.8385	+0.074%	$441	—	10x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8347	+0.031%	$25K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.8340	+0.023%	$941K	$4.0M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.8421	+0.114%	$1.0M	$3.4M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.8402	+0.093%	$296K	$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	8.8330	+0.011%	$216.8M	$588.0M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.8420	+0.113%	$282K	$615K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.8330	+0.011%	$23.0M	$58.6M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.8320	0.000%	$42.7M	$24.5M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.8340	+0.023%	$13.5M	$13.8M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8320	0.000%	$32.1M	$41.3M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.8330	+0.011%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8444	+0.140%	$982K	$2.3M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8322	+0.002%	$166K	$344K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8297	−0.026%	$612K	$2.5M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8330	+0.011%	$87K	$713K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8340	+0.023%	$105K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.8360	+0.045%	$86K	$353K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8260	−0.068%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.8409	+0.101%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.8360	+0.045%	$25K	$666K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.8573	+0.286%	$725K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8370	+0.057%	$26.6M	$4.5M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8183	−0.155%	$300K	$1.4M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8242	−0.088%	$31K	$1K	3x	as long as short
dYdX UNI-USD	+0.0152%	1h	8.8442	+0.138%	$245K	$6K	10x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0205%	1h	8.8428	+0.122%	$562K	$157K	50x	as long as short
BloFin UNI-USDTlong	+0.0220%	8h	8.8320	long leg	$9.8M	$3.3M	75x
Coinbase International UNI-PERP-INTX	+0.0224%	1h	8.8400	+0.091%	$1.0M	$5.3M	50x	as long as short
Hyperliquid UNI	+0.0304%	1h	8.8464	+0.163%	$96.8M	$59.2M	10x	as long as short
Kraken Futures PF_UNIUSDshort	+0.0342%	1h	8.8429	+0.124%	$4.9M	$7.0M	50x
Reya UNIRUSDPERP	+0.0362%	1h	8.8296	−0.028%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0379% / S −0.0319%	1h	8.8342	+0.025%	$553K	—	120x	as long as short
Lighter UNI	+0.0600%	1h	8.8536	+0.245%	$4.5M	$5.2M	15x	as long as short
Aftermath Perps UNIUSD	+0.0637%	1h	8.8390	+0.079%	$1K	$49K	10x	as long as short