Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0243%/8h= +26.6% APRpaid last 24h +0.021%

Price spread now: Kraken Futures against Gate+0.037%7-day average +0.063% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$56as in the Price arb table

costs, in and out, $10k−$540.537% of the position

Long on Gate Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.224%+$22 on $10k

Price spread, last 3 days (all we have)+0.325%+$33 · spread now +0.037%, 7d avg +0.063%

Together, before fees+0.549%+$55 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.027% cheaper against Gate than usual: you would sell low and buy high (spread +0.037% now, against its 7-day average of +0.063%). If the spread goes back, that is −$3 on $10k: about 9 hours of funding at the current rate (+$7 a day). At the pace of the last 7 days (+0.224% in total) that is about 20 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate UNI_USDT	8.8260	0.0100	pay 0.0100% / 8h	1h 42m	$22.9M	$58.3M	75x
Short	Kraken Futures PF_UNIUSD	8.8293	0.0343	get 0.0043% / 1h	42m 33s	$4.9M	$6.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Gate. 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 GatebpFee Kraken FuturesbpOrdersPrice spread, now +0.037%Rate

Funding earned: $51
Price spread: +0.037% → +0.063%: −$2.65
Slippage, 4 orders: −$28.7
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$5.36
Costs to cover: 0.537%
Break-even: 7.7 days

Slippage from Gate: live order book, 1 min ago; Kraken Futures: live order book, 1 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 Gate live order book, 1 min ago	0.57 bp	14.9 bp −$15	24.3 bp −$243	44.3 bp −$4,428	67.1 bp −$33.5K
Sell Kraken Futures live order book, 1 min ago	0.57 bp	14.2 bp −$14	16.2 bp −$162	43.6 bp −$4,361	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	−0.0078%	8h	8.7827	−0.491%	$3.9M	$4.7M	—	as long as short
Bybit UNIUSDT	−0.0030%	8h	8.8230	−0.034%	$100.8M	$104.5M	75x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0006%	1h	8.8249	−0.012%	$79K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.7900	−0.408%	$657	$96K	12x	as long as short
OKX UNI-USDT-SWAP	+0.0034%	8h	8.8220	−0.045%	$54.7M	$243.4M	50x	as long as short
01 Exchange UNIUSD	+0.0040%	1h	8.8298	+0.043%	$441	—	10x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0080%	1h	8.8288	+0.032%	$562K	$157K	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8231	−0.033%	$25K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.8265	+0.006%	$847K	$4.0M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.8370	+0.125%	$1.0M	$3.4M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica UNI	+0.0100%	1h	8.8298	+0.043%	$297K	$579K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.8260	0.000%	$216.8M	$588.8M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.8330	+0.079%	$272K	$606K	10x	as long as short
Gate UNI_USDTlong	+0.0100%	8h	8.8260	long leg	$22.9M	$58.3M	75x
MEXC UNI_USDT	+0.0100%	8h	8.8260	0.000%	$42.5M	$24.4M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.8350	+0.102%	$13.6M	$13.8M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8230	−0.034%	$32.1M	$41.3M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	8.8250	−0.011%	—	$52.0M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8362	+0.116%	$980K	$2.3M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.7992	−0.303%	$165K	$345K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8080	−0.204%	$622K	$2.5M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8030	−0.261%	$87K	$714K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8160	−0.113%	$105K	$3.2M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.8272	+0.014%	$87K	$350K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8230	−0.034%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.8187	−0.083%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.8247	−0.015%	$25K	$668K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.8366	+0.120%	$726K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8210	−0.057%	$26.6M	$4.5M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8217	−0.048%	$300K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8240	−0.023%	$31K	$1K	3x	as long as short
dYdX UNI-USD	+0.0147%	1h	8.8258	−0.002%	$244K	$6K	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.8280	+0.023%	$9.8M	$3.3M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0224%	1h	8.8280	+0.023%	$1.0M	$5.2M	50x	as long as short
Hyperliquid UNI	+0.0331%	1h	8.8471	+0.239%	$96.8M	$59.6M	10x	as long as short
Kraken Futures PF_UNIUSDshort	+0.0343%	1h	8.8293	+0.037%	$4.9M	$6.9M	50x
Reya UNIRUSDPERP	+0.0361%	1h	8.8245	−0.017%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0379% / S −0.0319%	1h	8.8236	−0.028%	$552K	—	120x	as long as short
Lighter UNI	+0.0528%	1h	8.8444	+0.208%	$4.5M	$5.2M	15x	as long as short
Aftermath Perps UNIUSD	+0.0610%	1h	8.8013	−0.280%	$1K	$49K	10x	as long as short