UNI

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0171%/8h= −18.7% APRnext payment −$0.21 per $10,000 · paid last 24h −0.032%

Price spread now: Arcus against Kraken Futures+0.019%7-day average +0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$430.427% of the position

Long on Kraken Futures Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.187%−$19 on $10k

Price spread, last 4 days (all we have)−0.659%−$66 · spread now +0.019%, 7d avg +0.020%

Together, before fees−0.846%−$85 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.020%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_UNIUSD	9.0523	0.0271	pay 0.0034% / 1h	38m 58s	$5.1M	$7.3M	50x
Short	Arcus UNI-USD	9.0540	0.0100	get 0.0013% / 1h	38m 58s	$287K	$619K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus 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 ArcusbpOrdersPrice spread, now +0.019%Rate

Funding earned: −$35.92
Price spread: +0.019% → +0.020%: −$0.05
Slippage, 4 orders: −$28.21
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$78.67
Costs to cover: 0.427%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 5 min ago; Arcus: live order book, 25 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, 5 min ago	3.29 bp	13.5 bp −$13	16.5 bp −$165	38.7 bp −$3,874	doesn't fit
Sell Arcus live order book, 25 min ago	5.98 bp	8.3 bp −$8	10.5 bp −$105	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
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	9.0461	−0.068%	$19K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−2.455%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0088%	1h	9.0469	−0.059%	$451	$5	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.0405	−0.130%	$941K	$4.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.0641	+0.131%	$1.0M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.0550	+0.030%	$295K	$568K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.0760	+0.262%	$226.3M	$610.2M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.0770	+0.273%	$102.1M	$107.8M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.0790	+0.295%	$56.0M	$252.9M	50x	as long as short
Arcus UNI-USDshort	+0.0100%	1h	9.0540	+0.019%	$287K	$619K	10x

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate UNI_USDT	+0.0100%	8h	9.0710	+0.207%	$23.4M	$59.5M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0710	+0.207%	$49.1M	$25.1M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0730	+0.229%	$13.6M	$12.9M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0660	+0.152%	$33.2M	$42.6M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.0760	+0.262%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.0577	+0.060%	$990K	$2.2M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.0797	+0.303%	$4.2M	$4.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.0903	+0.421%	$171K	$344K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.1249	+0.803%	$637K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.1290	+0.848%	$89K	$694K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0810	+0.317%	$58K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.0488	−0.038%	$88K	$412K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.0450	−0.080%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.0515	−0.008%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.0470	−0.058%	$22K	$755K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.0584	+0.068%	$715K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.0530	+0.008%	$27.3M	$4.4M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.0494	−0.031%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0645	+0.135%	$302K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0475	−0.052%	$32K	—	3x	as long as short
dYdX UNI-USD	+0.0135%	1h	9.0538	+0.017%	$238K	$30K	10x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0214%	1h	9.0521	−0.002%	$582K	$193K	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.0510	−0.014%	$10.4M	$3.6M	75x	as long as short
Kraken Futures PF_UNIUSDlong	+0.0271%	1h	9.0523	long leg	$5.1M	$7.3M	50x
Coinbase International UNI-PERP-INTX	+0.0296%	1h	9.0520	−0.003%	$1.1M	$5.0M	50x	as long as short
Reya UNIRUSDPERP	+0.0370%	1h	9.0444	−0.087%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.0440	−0.091%	$644K	—	120x	as long as short
Hyperliquid UNI	+0.0549%	1h	9.0706	+0.203%	$98.5M	$59.4M	10x	as long as short
Lighter UNI	+0.0592%	1h	9.0676	+0.169%	$4.7M	$5.6M	15x	as long as short
Aftermath Perps UNIUSD	+0.0977%	1h	9.0945	+0.467%	$931	$47K	10x	as long as short