Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0243%/8h= −26.6% APRpaid last 24h −0.021%

Price spread now: Gate against Kraken Futures+0.076%7-day average −0.063% · you sell dearer than you buy

Net, funding: paid 7d − costs−$76as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$540.537% of the position

Long on Kraken Futures Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.224%−$22 on $10k

Price spread, last 3 days (all we have)−0.439%−$44 · spread now +0.076%, 7d avg −0.063%

Together, before fees−0.663%−$66 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.140% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.076% now, against its 7-day average of −0.063%): +$14 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 46 hours. At the pace of the last 7 days (−0.224% in total) that is about 4.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_UNIUSD	8.8293	0.0343	pay 0.0043% / 1h	43m 02s	$4.9M	$6.9M	50x
Short	Gate UNI_USDT	8.8360	0.0100	get 0.0100% / 8h	1h 43m	$23.0M	$58.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.076%Rate

Funding earned: −$51
Price spread: +0.076% → −0.063%: $13.98
Slippage, 4 orders: −$28.7
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$90.73
Costs to cover: 0.537%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 1 min ago; Gate: live order book, 1 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, 1 min ago	0.57 bp	11.0 bp −$11	14.0 bp −$140	41.5 bp −$4,154	doesn't fit
Sell Gate live order book, 1 min ago	0.57 bp	13.5 bp −$14	21.6 bp −$216	44.8 bp −$4,476	68.0 bp −$34.0K

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	−0.0078%	8h	8.7827	−0.528%	$3.9M	$4.7M	—	as long as short
Bybit UNIUSDT	−0.0030%	8h	8.8390	+0.110%	$101.0M	$104.5M	75x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0006%	1h	8.8249	−0.049%	$79K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.7900	−0.445%	$657	$96K	12x	as long as short
OKX UNI-USDT-SWAP	+0.0034%	8h	8.8380	+0.099%	$54.6M	$243.9M	50x	as long as short
01 Exchange UNIUSD	+0.0040%	1h	8.8244	−0.055%	$440	—	10x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0080%	1h	8.8288	−0.005%	$562K	$157K	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8164	−0.146%	$25K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.8142	−0.170%	$858K	$3.9M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.8357	+0.073%	$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	8.8180	−0.127%	$297K	$579K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.8390	+0.110%	$217.1M	$589.2M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.8240	−0.060%	$272K	$606K	10x	as long as short
Gate UNI_USDTshort	+0.0100%	8h	8.8360	+0.076%	$23.0M	$58.3M	75x
MEXC UNI_USDT	+0.0100%	8h	8.8270	−0.026%	$42.6M	$24.4M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.8230	−0.071%	$13.5M	$13.8M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8400	+0.122%	$32.1M	$41.3M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.8360	+0.076%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8362	+0.079%	$980K	$2.3M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.7992	−0.340%	$165K	$345K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8080	−0.241%	$622K	$2.5M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8030	−0.297%	$87K	$714K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8160	−0.150%	$105K	$3.2M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.8242	−0.057%	$87K	$350K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8230	−0.071%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.8187	−0.120%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.8247	−0.052%	$25K	$668K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.8366	+0.083%	$726K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8210	−0.094%	$26.6M	$4.5M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8362	+0.079%	$300K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8240	−0.060%	$31K	$1K	3x	as long as short
dYdX UNI-USD	+0.0156%	1h	8.8188	−0.119%	$244K	$6K	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.8280	−0.014%	$9.8M	$3.3M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0224%	1h	8.8280	−0.014%	$1.0M	$5.2M	50x	as long as short
Hyperliquid UNI	+0.0333%	1h	8.8488	+0.221%	$96.8M	$59.6M	10x	as long as short
Kraken Futures PF_UNIUSDlong	+0.0343%	1h	8.8293	long leg	$4.9M	$6.9M	50x
Reya UNIRUSDPERP	+0.0361%	1h	8.8235	−0.065%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0379% / S −0.0319%	1h	8.8236	−0.065%	$552K	—	120x	as long as short
Lighter UNI	+0.0528%	1h	8.8422	+0.147%	$4.5M	$5.2M	15x	as long as short
Aftermath Perps UNIUSD	+0.0610%	1h	8.8013	−0.317%	$1K	$49K	10x	as long as short