UNI

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0115%/8h= +12.6% APRnext payment +$0.14 per $10,000 · paid last 24h +0.004%

Price spread now: Kraken Futures against Coinbase International−0.020%7-day average +0.035% · you buy dearer than you sell

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$61as in the Price arb table

costs, in and out, $10k−$550.552% of the position

Long on Coinbase International Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.296%+$30 on $10k

Price spread, last 3 days (all we have)+0.175%+$17 · spread now −0.020%, 7d avg +0.035%

Together, before fees+0.471%+$47 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.055% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.020% now, against its 7-day average of +0.035%). If the spread goes back, that is −$6 on $10k: about 38 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International UNI-PERP-INTX	8.9320	0.0224	pay 0.0028% / 1h	8m 43s	$1.1M	$5.3M	50x
Short	Kraken Futures PF_UNIUSD	8.9302	0.0339	get 0.0042% / 1h	8m 43s	$5.0M	$7.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Coinbase International. 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 Coinbase InternationalbpFee Kraken FuturesbpOrdersPrice spread, now −0.020%Rate

Funding earned: $24.15
Price spread: −0.020% → +0.035%: −$5.52
Slippage, 4 orders: −$35.24
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$36.62
Costs to cover: 0.552%
Break-even: 17.6 days

Slippage from Coinbase International: live order book, 5 min ago; Kraken Futures: live order book, 5 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 Coinbase International live order book, 5 min ago	5.05 bp	12.2 bp −$12	18.3 bp −$183	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 5 min ago	2.25 bp	10.5 bp −$11	11.6 bp −$116	37.3 bp −$3,731	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	−0.0038%	8h	8.9363	+0.048%	$4.0M	$4.6M	—	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	8.9276	−0.049%	$62K	—	150x	as long as short
Bybit UNIUSDT	+0.0015%	8h	8.9270	−0.056%	$101.9M	$104.8M	75x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−1.142%	$660	$155K	12x	as long as short
OKX UNI-USDT-SWAP	+0.0056%	8h	8.9290	−0.034%	$55.2M	$246.7M	50x	as long as short
01 Exchange UNIUSD	+0.0080%	1h	8.9334	+0.016%	$446	—	10x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.9265	−0.062%	$25K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.9250	−0.078%	$943K	$4.1M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.9365	+0.051%	$1.0M	$3.3M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.9302	−0.021%	$297K	$584K	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	8.9290	−0.034%	$219.7M	$590.5M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.9380	+0.067%	$275K	$621K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.9300	−0.022%	$23.0M	$59.0M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.9280	−0.045%	$43.1M	$24.6M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.9270	−0.056%	$13.6M	$13.8M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.9250	−0.078%	$32.4M	$41.3M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.9290	−0.034%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.9313	−0.008%	$992K	$2.3M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.9326	+0.007%	$168K	$343K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.9094	−0.253%	$628K	$2.5M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.9000	−0.358%	$88K	$712K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.9140	−0.202%	$106K	$3.2M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.9308	−0.013%	$87K	$356K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.9290	−0.034%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.9303	−0.019%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.9280	−0.045%	$25K	$666K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.9233	−0.097%	$730K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.9240	−0.090%	$26.9M	$4.4M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.9232	−0.099%	$302K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.9299	−0.023%	$32K	$1K	3x	as long as short
dYdX UNI-USD	+0.0117%	1h	8.9287	−0.036%	$247K	$6K	10x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0170%	1h	8.9331	+0.013%	$568K	$157K	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.9230	−0.101%	$9.9M	$3.4M	75x	as long as short
Coinbase International UNI-PERP-INTXlong	+0.0224%	1h	8.9320	long leg	$1.1M	$5.3M	50x
Kraken Futures PF_UNIUSDshort	+0.0339%	1h	8.9302	−0.020%	$5.0M	$7.0M	50x
Reya UNIRUSDPERP	+0.0363%	1h	8.9270	−0.056%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0379% / S −0.0319%	1h	8.9276	−0.049%	$559K	—	120x	as long as short
Hyperliquid UNI	+0.0431%	1h	8.9421	+0.113%	$98.5M	$59.3M	10x	as long as short
Aftermath Perps UNIUSD	+0.0650%	1h	8.9213	−0.120%	$1K	$49K	10x	as long as short
Lighter UNI	+0.0656%	1h	8.9466	+0.163%	$4.6M	$5.2M	15x	as long as short