UNI

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0038%/8h= +4.2% APRnext payment +$0.05 per $10,000 · paid last 24h −0.029%

Price spread now: Deribit against Kraken Futures−0.021%7-day average −0.005% · you buy dearer than you sell

Net, funding: paid 7d − costs−$83as in the Funding arb table

Net, price: spread back to 7d avg − costs−$61as in the Price arb table

costs, in and out, $10k−$590.593% of the position

Long on Kraken Futures Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.236%−$24 on $10k

Price spread, last 3 days (all we have)−0.007%−$1 · spread now −0.021%, 7d avg −0.005%

Together, before fees−0.243%−$24 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.005%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.236%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_UNIUSD	9.1373	0.0554	pay 0.0069% / 1h	50m 40s	$5.1M	$7.0M	50x
Short	Deribit UNI_USDC-PERPETUAL	9.1354	0.0592	get 0.0074% / 1h	50m 40s	$588K	$175K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.021%Rate

Funding earned: $8.01
Price spread: −0.021% → −0.005%: −$1.64
Slippage, 4 orders: −$42.28
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$52.91
Costs to cover: 0.593%
Break-even: 53.3 days

Slippage from Kraken Futures: live order book, 3 min ago; Deribit: live order book, 28 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, 3 min ago	3.87 bp	15.5 bp −$15	18.0 bp −$180	38.7 bp −$3,871	doesn't fit
Sell Deribit live order book, 28 min ago	6.97 bp	10.5 bp −$10	19.8 bp −$198	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	−3.363%	$660	$155K	12x	as long as short
Variational Omni UNI	−0.0010%	8h	9.0073	−1.423%	$4.0M	$4.4M	—	as long as short
dYdX UNI-USD	0.0000%	1h	9.1388	+0.016%	$253K	$6K	10x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	9.1243	−0.142%	$63K	—	150x	as long as short
Bybit UNIUSDT	+0.0048%	8h	9.1400	+0.029%	$104.5M	$104.0M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0080%	8h	9.1410	+0.040%	$56.3M	$251.5M	50x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.1090	−0.310%	$970K	$4.1M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.1410	+0.040%	$1.1M	$3.3M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.1395	+0.024%	$305K	$586K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.1356	−0.019%	$225.2M	$586.0M	75x	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	9.1480	+0.117%	$282K	$619K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.1380	+0.007%	$23.5M	$57.8M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.1440	+0.073%	$44.1M	$23.8M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.1380	+0.007%	$13.9M	$13.5M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.1400	+0.029%	$33.2M	$41.5M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.1410	+0.040%	—	$6.5M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.0235	−1.245%	$170K	$342K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0290	−1.185%	$638K	$2.5M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0420	−1.043%	$89K	$713K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0410	−1.054%	$70K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.1146	−0.249%	$88K	$355K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.1280	−0.102%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.1341	−0.035%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.1319	−0.059%	$25K	$662K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.1314	−0.065%	$745K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.1290	−0.091%	$27.5M	$4.4M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.1273	−0.109%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.1398	+0.027%	$314K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.1281	−0.101%	$32K	$1K	3x	as long as short
01 Exchange UNIUSD	+0.0208%	1h	9.1212	−0.177%	$455	—	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.1300	−0.080%	$10.0M	$3.5M	75x	as long as short
Backpack UNI_USDC_PERP	+0.0221%	1h	9.1353	−0.022%	$1.0M	$2.3M	10x	as long as short
Coinbase International UNI-PERP-INTX	+0.0232%	1h	9.1320	−0.058%	$1.1M	$5.5M	50x	as long as short
Reya UNIRUSDPERP	+0.0363%	1h	9.1115	−0.283%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0380% / S −0.0320%	1h	9.1257	−0.128%	$573K	—	120x	as long as short
Kraken Futures PF_UNIUSDlong	+0.0554%	1h	9.1373	long leg	$5.1M	$7.0M	50x
Deribit UNI_USDC-PERPETUALshort	+0.0592%	1h	9.1354	−0.021%	$588K	$175K	50x
Aftermath Perps UNIUSD	+0.0718%	1h	9.0301	−1.173%	$1K	$49K	10x	as long as short
Hyperliquid UNI	+0.0925%	1h	9.1547	+0.190%	$101.2M	$58.6M	10x	as long as short
Lighter UNI	+0.1000%	1h	9.1550	+0.193%	$4.7M	$5.2M	15x	as long as short