UNI

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0455%/8h= −49.9% APRnext payment −$0.57 per $10,000 · paid last 24h −0.021%

Price spread now: ApeX Omni against Kraken Futures−0.014%45s7-day average +0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$69as 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−$560.559% of the position

Long on Kraken Futures Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.127%−$13 on $10k

Price spread, last 3 days (all we have)−0.373%−$37 · spread now −0.014%, 7d avg +0.002%

Together, before fees−0.501%−$50 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.002%, so right now this pair is about funding alone: −$14 a day on $10k at the current rate. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.127% in total (about -6.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.57 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_UNIUSD	9.1133	0.0555	pay 0.0069% / 1h	47m 25s	$5.1M	$7.0M	50x
Short	ApeX Omni UNIUSDT	9.1120	0.0100	get 0.0013% / 1h	47m 25s	$90K	$713K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Kraken Futures. 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 Kraken FuturesbpFee ApeX OmnibpOrdersPrice spread, now −0.014%Rate

Funding earned: −$95.62
Price spread: −0.014% → +0.002%: −$1.66
Slippage, 4 orders: −$35.91
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$153.19
Costs to cover: 0.559%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 2 min ago; ApeX Omni: live order book, 31 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 Kraken Futures live order book, 2 min ago	3.83 bp	14.1 bp −$14	18.2 bp −$182	48.0 bp −$4,798	doesn't fit
Sell ApeX Omni live order book, 31 min ago	5.06 bp	12.4 bp −$12	108.3 bp −$1,083	doesn't fit	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
Injective UNI/USDC PERP	−0.0049%	1h	8.8300	−3.109%	$660	$155K	12x	as long as short
Deribit UNI_USDC-PERPETUAL	0.0000%	1h	9.1118	−0.017%	$587K	$175K	50x	as long as short
Variational Omni UNI	+0.0002%	8h	9.1084	−0.054%	$4.0M	$4.3M	—	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	9.0544	−0.647%	$63K	—	150x	as long as short
dYdX UNI-USD	+0.0047%	1h	9.0850	−0.311%	$252K	$6K	10x	as long as short
Bybit UNIUSDT	+0.0054%	8h	9.0590	−0.596%	$103.3M	$104.4M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0082%	8h	9.0640	−0.541%	$55.9M	$250.4M	50x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.0605	−0.580%	$975K	$4.1M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.0818	−0.346%	$1.0M	$3.3M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.0934	−0.219%	$302K	$586K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance UNIUSDT	+0.0100%	8h	9.0645	−0.535%	$224.3M	$587.6M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.0870	−0.289%	$280K	$620K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.0770	−0.399%	$23.4M	$58.1M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0590	−0.596%	$43.6M	$23.9M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0640	−0.541%	$13.8M	$13.5M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0610	−0.574%	$32.9M	$41.8M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.0720	−0.453%	—	$6.5M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.1605	+0.518%	$172K	$344K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.1401	+0.294%	$646K	$2.5M	10x	as long as short
ApeX Omni UNIUSDTshort	+0.0100%	1h	9.1120	−0.014%	$90K	$713K	50x
StandX UNI-USD	+0.0100%	1h	9.1200	+0.073%	$36K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.0685	−0.492%	$88K	$356K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.1100	−0.036%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.1190	+0.062%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.1085	−0.053%	$25K	$662K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.1300	+0.183%	$744K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.1080	−0.058%	$27.5M	$4.4M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.0778	−0.390%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0658	−0.521%	$314K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.1115	−0.020%	$32K	$1K	3x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.1580	+0.490%	$10.1M	$3.5M	75x	as long as short
01 Exchange UNIUSD	+0.0232%	1h	9.0738	−0.434%	$453	—	10x	as long as short
Coinbase International UNI-PERP-INTX	+0.0232%	1h	9.1200	+0.073%	$1.1M	$5.5M	50x	as long as short
Backpack UNI_USDC_PERP	+0.0276%	1h	9.1130	−0.003%	$1.0M	$2.4M	10x	as long as short
Reya UNIRUSDPERP	+0.0363%	1h	9.0618	−0.566%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0380% / S −0.0320%	1h	9.1139	+0.007%	$573K	—	120x	as long as short
Kraken Futures PF_UNIUSDlong	+0.0555%	1h	9.1133	long leg	$5.1M	$7.0M	50x
Aftermath Perps UNIUSD	+0.0771%	1h	9.0803	−0.363%	$1K	$49K	10x	as long as short
Hyperliquid UNI	+0.0893%	1h	9.0772	−0.396%	$100.2M	$58.9M	10x	as long as short
Lighter UNI	+0.1112%	1h	9.1135	+0.002%	$4.6M	$5.2M	15x	as long as short