Funding you earn now, next payment 00:00 UTC−0.0462%/8h= −50.6% APRpaid last 24h −0.020%
Price spread now: Bitget against Kraken Futures−0.157%58s7-day average −0.087% · you buy dearer than you sell
Net, funding: paid 7d − costs−$70as 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−$510.510% of the position
Funding, last 7 days−0.191%−$19 on $10k
+Price spread, last 3 days (all we have)−0.185%−$19 · spread now −0.157%, 7d avg −0.087%
=Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and Bitget is 0.070% cheaper against Kraken Futures than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.087%). Swap the legs. The two prices were read 58 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 -0.191% in total (about -9.9% 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.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_UNIUSD | 9.0041 | 0.0562 | pay 0.0070% / 1h | 27m 17s | $5.0M | $7.0M | 50x |
| Short | Bitget UNIUSDT | 8.9900 | 0.0100 | get 0.0100% / 8h | 27m 17s | $32.8M | $42.0M | 75x |
Kraken Futures PF_UNIUSD
Bitget UNIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$97.03
- Price spread: −0.157% → −0.087%
- −$6.99
- Slippage, 4 orders
- −$29.02
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$155.04
- Costs to cover
- 0.510%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 2 min ago; Bitget: live order book, 2 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 | 3.33 bp | 14.5 bp −$15 | 16.0 bp −$160 | 40.9 bp −$4,086 | doesn't fit |
| Sell Bitget live order book, 2 min ago | 1.67 bp | 10.9 bp −$11 | 18.1 bp −$181 | 38.6 bp −$3,857 | 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 | −1.934% | $660 | $155K | 12x | as long as short |
| gTrade (Gains Network) UNI/USD | L +0.0004% / S −0.0004% | 1h | 8.9924 | −0.130% | $62K | — | 150x | as long as short |
| Variational Omni UNI | +0.0041% | 8h | 9.0035 | −0.007% | $4.1M | $4.4M | — | as long as short |
| Deribit UNI_USDC-PERPETUAL | +0.0084% | 1h | 8.9983 | −0.064% | $579K | $176K | 50x | as long as short |
| Bybit UNIUSDT | +0.0086% | 8h | 8.9920 | −0.134% | $102.1M | $105.0M | 75x | as long as short |
| OKX UNI-USDT-SWAP | +0.0090% | 8h | 8.9930 | −0.123% | $55.1M | $249.2M | 50x | as long as short |
| dYdX UNI-USD | +0.0097% | 1h | 8.9855 | −0.207% | $249K | $6K | 10x | as long as short |
| Nado UNI-PERP | +0.0100% | 1h | 8.9885 | −0.173% | $954K | $4.2M | 10x | as long as short |
| Aster UNIUSDT | +0.0100% | 8h | 8.9910 | −0.145% | $1.0M | $3.3M | 50x | as long as short |
| Pacifica UNI | +0.0100% | 1h | 8.9863 | −0.198% | $297K | $593K | 10x | as long as short |
Injective UNI/USDC PERP
gTrade (Gains Network) UNI/USD
Variational Omni UNI
Deribit UNI_USDC-PERPETUAL
Bybit UNIUSDT
OKX UNI-USDT-SWAP
dYdX UNI-USD
Nado UNI-PERP
Aster UNIUSDT
Pacifica UNIShow all 40 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance UNIUSDT | +0.0100% | 8h | 8.9943 | −0.109% | $222.4M | $589.9M | 75x | as long as short |
| Arcus UNI-USD | +0.0100% | 1h | 8.9950 | −0.101% | $278K | $620K | 10x | as long as short |
| Gate UNI_USDT | +0.0100% | 8h | 8.9920 | −0.134% | $23.0M | $58.8M | 75x | as long as short |
| MEXC UNI_USDT | +0.0100% | 8h | 8.9930 | −0.123% | $43.7M | $24.0M | 200x | as long as short |
| KuCoin UNIUSDTM | +0.0100% | 8h | 8.9920 | −0.134% | $13.6M | $13.5M | 75x | as long as short |
| Bitget UNIUSDTshort | +0.0100% | 8h | 8.9900 | −0.157% | $32.8M | $42.0M | 75x | |
| BingX UNI-USDC | +0.0100% | 8h | 8.9930 | −0.123% | — | $6.5M | — | as long as short |
| Backpack UNI_USDC_PERP | +0.0100% | 1h | 9.0002 | −0.043% | $1.0M | $2.4M | 10x | as long as short |
| edgeX UNIUSDC | +0.0100% | 4h | 8.9917 | −0.137% | $169K | $342K | 20x | as long as short |
| GRVT UNI_USDT_Perp | +0.0100% | 8h | 8.9950 | −0.101% | $631K | $2.5M | 10x | as long as short |
| ApeX Omni UNIUSDT | +0.0100% | 1h | 8.9950 | −0.101% | $88K | $713K | 50x | as long as short |
| StandX UNI-USD | +0.0100% | 1h | 8.9950 | −0.101% | $36K | $3.3M | 20x | as long as short |
| Polymarket Perps UNI-USD | +0.0100% | 1h | 8.9924 | −0.130% | $85K | $363K | 10x | as long as short |
| Orderly PERP_UNI_USDC | +0.0100% | 8h | 8.9930 | −0.123% | $16K | $1.7M | 10x | as long as short |
| SunX UNI-USDT | +0.0100% | 8h | 8.9971 | −0.078% | $36K | $1.3M | 30x | as long as short |
| SoDEX UNI-USD | +0.0100% | 1h | 8.9973 | −0.075% | $21K | $676K | 10x | as long as short |
| HTX UNI-USDT | +0.0100% | 8h | 8.9947 | −0.104% | $718K | $4.3M | 75x | as long as short |
| Phemex UNIUSDT | +0.0100% | 8h | 8.9960 | −0.090% | $27.1M | $4.5M | 50x | as long as short |
| Paradex UNI-USD-PERP | +0.0100% | 8h | 8.9834 | −0.230% | $26K | — | 20x | as long as short |
| Extended UNI-USD | +0.0104% | 1h | 8.9818 | −0.248% | $303K | $1.5M | 25x | as long as short |
| Aevo UNI-PERP | +0.0104% | 1h | 8.9955 | −0.095% | $32K | $1K | 3x | as long as short |
| 01 Exchange UNIUSD | +0.0184% | 1h | 8.9924 | −0.130% | $449 | — | 10x | as long as short |
| BloFin UNI-USDT | +0.0220% | 8h | 9.0050 | +0.010% | $10.1M | $3.5M | 75x | as long as short |
| Coinbase International UNI-PERP-INTX | +0.0232% | 1h | 9.0050 | +0.010% | $1.1M | $5.4M | 50x | as long as short |
| Reya UNIRUSDPERP | +0.0364% | 1h | 8.9876 | −0.183% | $16K | — | 20x | as long as short |
| GMX UNI/USD [UNI-USDC] | L +0.0382% / S −0.0323% | 1h | 8.9925 | −0.129% | $569K | — | 120x | as long as short |
| Hyperliquid UNI | +0.0546% | 1h | 8.9985 | −0.062% | $98.7M | $59.1M | 10x | as long as short |
| Kraken Futures PF_UNIUSDlong | +0.0562% | 1h | 9.0041 | long leg | $5.0M | $7.0M | 50x | |
| Aftermath Perps UNIUSD | +0.0801% | 1h | 9.0054 | +0.014% | $1K | $49K | 10x | as long as short |
| Lighter UNI | +0.0888% | 1h | 9.0026 | −0.017% | $4.6M | $5.2M | 15x | as long as short |
Binance UNIUSDT
Arcus UNI-USD
Gate UNI_USDT
MEXC UNI_USDT
KuCoin UNIUSDTM
BingX UNI-USDC
Backpack UNI_USDC_PERP
edgeX UNIUSDC
GRVT UNI_USDT_Perp
ApeX Omni UNIUSDT
StandX UNI-USD
Polymarket Perps UNI-USD
Orderly PERP_UNI_USDC
SunX UNI-USDT
SoDEX UNI-USD
HTX UNI-USDT
Phemex UNIUSDT
Paradex UNI-USD-PERP
Extended UNI-USD
Aevo UNI-PERP
01 Exchange UNIUSD
BloFin UNI-USDT
Coinbase International UNI-PERP-INTX
Reya UNIRUSDPERP
GMX UNI/USD [UNI-USDC]
Hyperliquid UNI
Aftermath Perps UNIUSD
Lighter UNI