UNI

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0100%/8h= +11.0% APRnext payment +$0.13 per $10,000 · paid last 24h +0.042%

Price spread now: Kraken Futures against Deribit+0.011%7-day average +0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$59as in the Price arb table

costs, in and out, $10k−$590.594% of the position

Long on Deribit Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.263%+$26 on $10k

Price spread, last 4 days (all we have)−0.043%−$4 · spread now +0.011%, 7d avg +0.007%

Together, before fees+0.220%+$22 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.007%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit UNI_USDC-PERPETUAL	9.0491	0.0170	pay 0.0021% / 1h	26m 08s	$580K	$193K	50x
Short	Kraken Futures PF_UNIUSD	9.0500	0.0270	get 0.0034% / 1h	26m 08s	$5.0M	$7.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Deribit. 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 DeribitbpFee Kraken FuturesbpOrdersPrice spread, now +0.011%Rate

Funding earned: $21.05
Price spread: +0.011% → +0.007%: $0.38
Slippage, 4 orders: −$42.42
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$37.99
Costs to cover: 0.594%
Break-even: 19.6 days

Slippage from Deribit: live order book, 33 min ago; Kraken Futures: live order book, 3 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 Deribit live order book, 33 min ago	8.16 bp	13.0 bp −$13	21.4 bp −$214	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 3 min ago	5.52 bp	15.7 bp −$16	17.5 bp −$175	39.6 bp −$3,963	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
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	9.0458	−0.036%	$37K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−2.421%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0064%	1h	9.0436	−0.060%	$451	$5	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.0400	−0.100%	$891K	$4.4M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.0483	−0.008%	$829K	$3.5M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.0398	−0.103%	$293K	$599K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.0449	−0.047%	$222.4M	$637.1M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.0400	−0.100%	$101.5M	$110.8M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.0440	−0.056%	$55.0M	$260.2M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.0510	+0.021%	$313K	$651K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate UNI_USDT	+0.0100%	8h	9.0450	−0.045%	$23.5M	$63.6M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0470	−0.023%	$47.8M	$25.4M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0470	−0.023%	$13.5M	$13.2M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0470	−0.023%	$33.4M	$44.7M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.0440	−0.056%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.0375	−0.128%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.0539	+0.054%	$4.3M	$4.2M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.0568	+0.086%	$171K	$346K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0621	+0.144%	$632K	$2.7M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0940	+0.497%	$93K	$700K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0330	−0.177%	$15K	$3.4M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.0465	−0.028%	$87K	$426K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.0430	−0.067%	$16K	$1.5M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.0477	−0.015%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.0433	−0.064%	$22K	$790K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.0504	+0.015%	$723K	$4.6M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.0460	−0.034%	$27.4M	$4.4M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.0363	−0.141%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0393	−0.108%	$292K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0441	−0.055%	$32K	—	3x	as long as short
dYdX UNI-USD	+0.0114%	1h	9.0363	−0.141%	$238K	$30K	10x	as long as short
Lighter UNI	+0.0168%	1h	9.0559	+0.076%	$4.6M	$5.8M	15x	as long as short
Deribit UNI_USDC-PERPETUALlong	+0.0170%	1h	9.0491	long leg	$580K	$193K	50x
BloFin UNI-USDT	+0.0220%	8h	9.0420	−0.078%	$10.2M	$3.6M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0248%	1h	9.0490	−0.001%	$1.1M	$5.7M	50x	as long as short
Kraken Futures PF_UNIUSDshort	+0.0270%	1h	9.0500	+0.011%	$5.0M	$7.9M	50x
Reya UNIRUSDPERP	+0.0372%	1h	9.0459	−0.035%	$17K	—	20x	as long as short
Hyperliquid UNI	+0.0377%	1h	9.0543	+0.058%	$98.0M	$62.6M	10x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.0427	−0.070%	$644K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0995%	1h	9.0486	−0.006%	$1K	$46K	10x	as long as short