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 HTX−0.173%7-day average −0.069% · you buy dearer than you sell

Net, funding: paid 7d − costs−$44as in the Funding arb table

Net, price: spread back to 7d avg − costs−$69as in the Price arb table

costs, in and out, $10k−$590.591% of the position

Long on HTX 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)+0.160%+$16 · spread now −0.173%, 7d avg −0.069%

Together, before fees+0.313%+$31 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.104% cheaper against HTX than usual: you would sell low and buy high (spread −0.173% now, against its 7-day average of −0.069%). If the spread goes back, that is −$10 on $10k: about 2.0 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 4.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX UNI-USDT	9.0760	0.0100	pay 0.0100% / 8h	4h 47m	$714K	$4.5M	75x
Short	Kraken Futures PF_UNIUSD	9.0603	0.0270	get 0.0034% / 1h	47m 37s	$5.0M	$7.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against HTX. 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 HTXbpFee Kraken FuturesbpOrdersPrice spread, now −0.173%Rate

Funding earned: $35.68
Price spread: −0.173% → −0.069%: −$10.36
Slippage, 4 orders: −$37.08
Fee HTX: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$33.76
Costs to cover: 0.591%
Break-even: 13.6 days

Slippage from HTX: 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 HTX live order book, 1 min ago	8.66 bp	14.7 bp −$15	53.0 bp −$530	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 1 min ago	3.87 bp	16.5 bp −$17	19.0 bp −$190	48.3 bp −$4,829	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	9.0707	−0.058%	$37K	—	150x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0010%	1h	9.0669	−0.100%	$581K	$193K	50x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−2.710%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0048%	1h	9.0837	+0.085%	$453	$5	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.0800	+0.044%	$923K	$4.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.0618	−0.157%	$1.0M	$3.0M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.0620	−0.154%	$294K	$590K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.0769	+0.010%	$224.8M	$629.8M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.0680	−0.088%	$101.7M	$110.7M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.0820	+0.066%	$55.6M	$258.0M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus UNI-USD	+0.0100%	1h	9.0670	−0.099%	$287K	$613K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.0700	−0.066%	$23.5M	$62.7M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0640	−0.132%	$48.4M	$25.2M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0550	−0.231%	$13.6M	$13.1M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0690	−0.077%	$33.5M	$44.2M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	9.0720	−0.044%	—	$56.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.0673	−0.096%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.0589	−0.188%	$4.3M	$4.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.0557	−0.223%	$171K	$345K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0473	−0.316%	$627K	$2.7M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0570	−0.209%	$88K	$694K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0790	+0.033%	$36K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.0777	+0.019%	$87K	$422K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.0640	−0.132%	$16K	$1.6M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.0707	−0.058%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.0560	−0.220%	$22K	$782K	10x	as long as short
HTX UNI-USDTlong	+0.0100%	8h	9.0760	long leg	$714K	$4.5M	75x
Phemex UNIUSDT	+0.0100%	8h	9.0640	−0.132%	$27.4M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.0584	−0.194%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0681	−0.087%	$297K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0543	−0.239%	$32K	—	3x	as long as short
dYdX UNI-USD	+0.0121%	1h	9.0604	−0.172%	$239K	$30K	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.0280	−0.529%	$10.3M	$3.5M	75x	as long as short
Lighter UNI	+0.0232%	1h	9.0682	−0.086%	$4.6M	$5.8M	15x	as long as short
Coinbase International UNI-PERP-INTX	+0.0248%	1h	9.0760	0.000%	$1.1M	$5.5M	50x	as long as short
Kraken Futures PF_UNIUSDshort	+0.0270%	1h	9.0603	−0.173%	$5.0M	$7.8M	50x
Reya UNIRUSDPERP	+0.0372%	1h	9.0671	−0.098%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.0711	−0.054%	$646K	—	120x	as long as short
Hyperliquid UNI	+0.0434%	1h	9.0676	−0.093%	$98.4M	$61.7M	10x	as long as short
Aftermath Perps UNIUSD	+0.1070%	1h	9.0909	+0.164%	$873	$47K	10x	as long as short