Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0168%/8h= −18.4% APRpaid last 24h −0.024%

Price spread now: Binance against Kraken Futures+0.130%7-day average −0.044% · you sell dearer than you buy

Net, funding: paid 7d − costs−$62as in the Funding arb table

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$450.445% of the position

Long on Kraken Futures Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.176%−$18 on $10k

Price spread, last 3 days (all we have)−0.597%−$60 · spread now +0.130%, 7d avg −0.044%

Together, before fees−0.773%−$77 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Binance is 0.174% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.130% now, against its 7-day average of −0.044%): +$17 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 3.4 days. At the pace of the last 7 days (−0.176% in total) that is about 6.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_UNIUSD	8.8684	0.0268	pay 0.0034% / 1h	31m 39s	$5.0M	$7.1M	50x
Short	Binance UNIUSDT	8.8800	0.0100	get 0.0100% / 8h	2h 31m	$217.2M	$594.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.130%Rate

Funding earned: −$35.34
Price spread: +0.130% → −0.044%: $17.42
Slippage, 4 orders: −$24.52
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$62.45
Costs to cover: 0.445%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 2 min ago; Binance: live order book, 12 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	5.06 bp	10.2 bp −$10	13.8 bp −$138	47.3 bp −$4,735	doesn't fit
Sell Binance live order book, 12 min ago	0.56 bp	6.9 bp −$7	12.7 bp −$127	45.4 bp −$4,541	173.9 bp −$87.0K

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	−0.0185%	8h	8.8292	−0.443%	$3.9M	$4.6M	—	as long as short
Bybit UNIUSDT	−0.0147%	8h	8.8780	+0.108%	$101.8M	$105.3M	75x	as long as short
01 Exchange UNIUSD	0.0000%	1h	8.8730	+0.051%	$443	—	10x	as long as short
Deribit UNI_USDC-PERPETUAL	0.0000%	1h	8.8714	+0.034%	$561K	$134K	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0006%	1h	8.8687	+0.003%	$80K	—	150x	as long as short
OKX UNI-USDT-SWAP	+0.0013%	8h	8.8740	+0.063%	$54.5M	$246.5M	50x	as long as short
dYdX UNI-USD	+0.0093%	1h	8.8781	+0.109%	$246K	$5K	10x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8776	+0.103%	$25K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.8655	−0.033%	$845K	$3.9M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.8813	+0.145%	$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	8.8806	+0.138%	$297K	$561K	10x	as long as short
Binance UNIUSDTshort	+0.0100%	8h	8.8800	+0.130%	$217.2M	$594.1M	75x
Arcus UNI-USD	+0.0100%	1h	8.8890	+0.232%	$274K	$612K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.8760	+0.085%	$23.1M	$59.1M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.8800	+0.130%	$43.0M	$24.5M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.8790	+0.119%	$13.8M	$13.7M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8730	+0.051%	$32.2M	$41.3M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	8.8770	+0.096%	—	$49.9M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8710	+0.029%	$985K	$2.3M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8490	−0.220%	$166K	$343K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8615	−0.078%	$619K	$2.5M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8490	−0.219%	$84K	$712K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8850	+0.187%	$105K	$3.2M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.8701	+0.019%	$87K	$323K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8670	−0.016%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.8743	+0.066%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.8658	−0.030%	$25K	$661K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.8851	+0.188%	$725K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8650	−0.039%	$26.7M	$4.3M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8748	+0.071%	$301K	$1.4M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8675	−0.011%	$31K	$1K	3x	as long as short
Coinbase International UNI-PERP-INTX	+0.0200%	1h	8.8870	+0.209%	$1.0M	$5.3M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.8710	+0.029%	$9.8M	$3.3M	75x	as long as short
Kraken Futures PF_UNIUSDlong	+0.0268%	1h	8.8684	long leg	$5.0M	$7.1M	50x
Hyperliquid UNI	+0.0301%	1h	8.8899	+0.242%	$96.7M	$59.9M	10x	as long as short
Reya UNIRUSDPERP	+0.0360%	1h	8.8663	−0.024%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0379% / S −0.0320%	1h	8.8689	+0.005%	$556K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0485%	1h	8.8620	−0.073%	$1K	$50K	10x	as long as short
Lighter UNI	+0.0536%	1h	8.8965	+0.316%	$4.5M	$5.4M	15x	as long as short
Injective UNI/USDC PERP	+0.2702%	1h	8.7900	−0.885%	$657	$97K	12x	as long as short