Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0170%/8h= +18.6% APRpaid last 24h +0.039%

Price spread now: Kraken Futures against edgeX−0.075%76s7-day average +0.051% · you buy dearer than you sell

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$470.466% of the position

Long on edgeX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.152%+$15 on $10k

Price spread, last 4 days (all we have)+0.434%+$43 · spread now −0.075%, 7d avg +0.051%

Together, before fees+0.586%+ Points / potential airdropedgeX: Active · farm board+$59 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.126% cheaper against edgeX than usual: you would sell low and buy high (spread −0.075% now, against its 7-day average of +0.051%). If the spread goes back, that is −$13 on $10k: about 2.5 days of funding at the current rate (+$5 a day). At the pace of the last 7 days (+0.152% in total) that is about 5.8 days. The two prices were read 76 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX UNIUSDC	9.0568	0.0100	pay 0.0050% / 4h	25m 53s	$171K	$346K	20x
Short	Kraken Futures PF_UNIUSD	9.0500	0.0270	get 0.0034% / 1h	25m 53s	$5.0M	$7.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against edgeX. 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 edgeXbpFee Kraken FuturesbpOrdersPrice spread, now −0.075%Rate

Funding earned: $35.75
Price spread: −0.075% → +0.051%: −$12.58
Slippage, 4 orders: −$27.62
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$23.45
Costs to cover: 0.466%
Break-even: 11.6 days

Slippage from edgeX: live order book, 32 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 edgeX live order book, 32 min ago	2.20 bp	6.7 bp −$7	15.6 bp −$156	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	−0.121%	$37K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−2.504%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0064%	1h	9.0436	−0.146%	$451	$5	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.0400	−0.186%	$891K	$4.4M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.0501	−0.074%	$830K	$3.5M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.0398	−0.188%	$293K	$599K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.0470	−0.108%	$222.5M	$637.1M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.0440	−0.141%	$101.5M	$110.8M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.0470	−0.108%	$55.0M	$260.4M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.0510	−0.064%	$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	9.0440	−0.141%	$23.5M	$63.6M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0470	−0.108%	$47.8M	$25.4M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0480	−0.097%	$13.5M	$13.2M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0470	−0.108%	$33.4M	$44.7M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	9.0440	−0.141%	—	$56.6M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.0483	−0.094%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.0398	−0.187%	$4.3M	$4.1M	—	as long as short
edgeX UNIUSDClong	+0.0100%	4h	9.0568	long leg	$171K	$346K	20x
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0621	+0.059%	$632K	$2.7M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0940	+0.411%	$93K	$700K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0330	−0.263%	$15K	$3.4M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.0465	−0.114%	$87K	$426K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.0430	−0.152%	$16K	$1.5M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.0477	−0.101%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.0433	−0.149%	$22K	$790K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.0504	−0.071%	$723K	$4.6M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.0460	−0.119%	$27.4M	$4.4M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.0363	−0.226%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0411	−0.173%	$292K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0441	−0.140%	$32K	—	3x	as long as short
dYdX UNI-USD	+0.0114%	1h	9.0363	−0.227%	$238K	$30K	10x	as long as short
Lighter UNI	+0.0168%	1h	9.0559	−0.010%	$4.6M	$5.8M	15x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0170%	1h	9.0491	−0.086%	$580K	$193K	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.0420	−0.163%	$10.2M	$3.6M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0248%	1h	9.0490	−0.086%	$1.1M	$5.7M	50x	as long as short
Kraken Futures PF_UNIUSDshort	+0.0270%	1h	9.0500	−0.075%	$5.0M	$7.9M	50x
Reya UNIRUSDPERP	+0.0372%	1h	9.0459	−0.120%	$17K	—	20x	as long as short
Hyperliquid UNI	+0.0376%	1h	9.0561	−0.008%	$98.1M	$62.6M	10x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.0427	−0.155%	$644K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0995%	1h	9.0486	−0.091%	$1K	$46K	10x	as long as short