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Funding arb · Price arb /

UNI

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 23:00 UTC+0.0239%/8h= +26.2% APRpaid last 24h +0.041%
Price spread now: Kraken Futures against GRVT+0.234%7-day average +0.038% · you sell dearer than you buy
Net, funding: paid 7d − costs−$37as in the Funding arb table
Net, price: spread back to 7d avg − costs−$33as in the Price arb table
costs, in and out, $10k−$520.524% of the position
Long on GRVTShort on Kraken Futures
What this pair did over the last
the charts below follow
Funding, last 7 days+0.158%+$16 on $10k
Price spread, last 3 days (all we have)+0.071%+$7 · spread now +0.234%, 7d avg +0.038%
Together, before fees+0.229%+ Points / potential airdropGRVT: Active · farm board+$23 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Kraken Futures is 0.196% dearer against GRVT than usual: you sell high and buy low: +$20 more if the spread goes back to its 7-day average of +0.038%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.158% in total (about 8.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGRVT UNI_USDT_Perp8.90940.0100pay 0.0100% / 8h1h 09m$628K$2.5M10x
ShortKraken Futures PF_UNIUSD8.93020.0339get 0.0042% / 1h9m 14s$5.0M$7.0M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures against GRVT. 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

Funding earned
$50.19
Price spread: +0.234% → +0.038%
$19.57
Slippage, 4 orders
−$33.39
Fee GRVT: 4.5 bp × 2 orders
−$9
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
$17.36
Costs to cover
0.524%
Break-even
4.6 days
Slippage from GRVT: live order book, 4 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
LegHalf-spread$10k$100k$1M$5M
Buy GRVT live order book, 4 min ago1.12 bp13.1 bp −$1317.7 bp −$1774373.9 bp −$437.4Kdoesn't fit
Sell Kraken Futures live order book, 5 min ago2.25 bp10.5 bp −$1111.6 bp −$11637.3 bp −$3,731doesn't fit

UNI on 40 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni UNI−0.0038%8h8.9363+0.302%$4.0M$4.6M—as long as short
gTrade (Gains Network) UNI/USDL +0.0004% / S −0.0004%1h8.9276+0.204%$62K—150xas long as short
Bybit UNIUSDT+0.0013%8h8.9240+0.164%$101.9M$104.8M75xas long as short
Injective UNI/USDC PERP+0.0033%1h8.8300−0.891%$660$155K12xas long as short
OKX UNI-USDT-SWAP+0.0056%8h8.9260+0.186%$55.2M$246.6M50xas long as short
01 Exchange UNIUSD+0.0080%1h8.9334+0.270%$446—10xas long as short
Paradex UNI-USD-PERP+0.0100%8h8.9219+0.141%$25K—20xas long as short
Nado UNI-PERP+0.0100%1h8.9250+0.175%$943K$4.1M10xas long as short
Aster UNIUSDT+0.0100%8h8.9346+0.283%$1.0M$3.3M50xas long as short
Pacifica UNI+0.0100%1h8.9238+0.162%$297K$584K10xas long as short
Show all 40 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance UNIUSDT+0.0100%8h8.9260+0.186%$219.6M$590.5M75xas long as short
Arcus UNI-USD+0.0100%1h8.9320+0.254%$275K$621K10xas long as short
Gate UNI_USDT+0.0100%8h8.9260+0.186%$23.0M$58.9M75xas long as short
MEXC UNI_USDT+0.0100%8h8.9260+0.186%$43.1M$24.6M200xas long as short
KuCoin UNIUSDTM+0.0100%8h8.9270+0.198%$13.6M$13.8M75xas long as short
Bitget UNIUSDT+0.0100%8h8.9250+0.175%$32.4M$41.3M75xas long as short
BingX UNI-USDC+0.0100%8h8.9250+0.175%—$6.5M—as long as short
Backpack UNI_USDC_PERP+0.0100%1h8.9313+0.246%$992K$2.3M10xas long as short
edgeX UNIUSDC+0.0100%4h8.9326+0.260%$168K$343K20xas long as short
GRVT UNI_USDT_Perplong+0.0100%8h8.9094long leg$628K$2.5M10x
ApeX Omni UNIUSDT+0.0100%1h8.9000−0.105%$88K$712K50xas long as short
StandX UNI-USD+0.0100%1h8.9140+0.052%$106K$3.2M20xas long as short
Polymarket Perps UNI-USD+0.0100%1h8.9308+0.240%$87K$356K10xas long as short
Orderly PERP_UNI_USDC+0.0100%8h8.9290+0.220%$16K$1.7M10xas long as short
SunX UNI-USDT+0.0100%8h8.9303+0.235%$36K$1.3M30xas long as short
SoDEX UNI-USD+0.0100%1h8.9280+0.209%$25K$666K10xas long as short
HTX UNI-USDT+0.0100%8h8.9233+0.156%$730K$4.3M75xas long as short
Phemex UNIUSDT+0.0100%8h8.9240+0.164%$26.9M$4.4M50xas long as short
Extended UNI-USD+0.0104%1h8.9242+0.166%$302K$1.5M25xas long as short
Aevo UNI-PERP+0.0104%1h8.9299+0.231%$32K$1K3xas long as short
dYdX UNI-USD+0.0115%1h8.9240+0.164%$247K$6K10xas long as short
Deribit UNI_USDC-PERPETUAL+0.0170%1h8.9331+0.267%$568K$157K50xas long as short
BloFin UNI-USDT+0.0220%8h8.9230+0.153%$9.9M$3.4M75xas long as short
Coinbase International UNI-PERP-INTX+0.0224%1h8.9320+0.254%$1.1M$5.3M50xas long as short
Kraken Futures PF_UNIUSDshort+0.0339%1h8.9302+0.234%$5.0M$7.0M50x
Reya UNIRUSDPERP+0.0363%1h8.9270+0.197%$16K—20xas long as short
GMX UNI/USD [UNI-USDC]L +0.0379% / S −0.0319%1h8.9276+0.205%$559K—120xas long as short
Hyperliquid UNI+0.0429%1h8.9427+0.374%$98.5M$59.3M10xas long as short
Aftermath Perps UNIUSD+0.0650%1h8.9213+0.134%$1K$49K10xas long as short
Lighter UNI+0.0656%1h8.9424+0.371%$4.6M$5.2M15xas long as short