UNI

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0102%/8h= +11.1% APRnext payment +$0.13 per $10,000 · paid last 24h +0.086%

Price spread now: GMX against Kraken Futures−0.092%7-day average −0.036% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Kraken Futures Short on GMX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.093%−$9 on $10k

Price spread, last 4 days (all we have)−0.174%−$17 · spread now −0.092%, 7d avg −0.036%

Together, before fees−0.267%−$27 on $10k · with fees, hour by hour

Funding pays, the price is against you. GMX is 0.056% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.092% now, against its 7-day average of −0.036%). If the spread goes back, that is −$6 on $10k: about 44 hours of funding at the current rate (+$3 a day). Mind the row above: over the last 4 days funding on this pair cost −0.093%, 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	8.8517	0.0142	pay 0.0018% / 1h	21m 07s	$4.7M	$7.8M	50x
Short	GMX UNI/USD [UNI-USDC]	8.8436	L +0.0381% / S −0.0244%	get 0.0030% / 1h	21m 07s	$629K	—	120x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −0.092%Rate

Funding earned: $21.37
Price spread: −0.092% → −0.036%: −$5.61
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: −$6.24
Costs to cover: 0.220%
Break-even: 9.0 days

Slippage unknown: Kraken Futures: live order book, 1 min ago; GMX: no order-book sample. Net counts fees only.

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	3.39 bp	15.3 bp −$15	18.7 bp −$187	41.4 bp −$4,140	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

UNI on 40 exchanges

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 −0.0005%	1h	8.8464	−0.060%	$76K	—	150x	as long as short
Nado UNI-PERP	+0.0004%	1h	8.8475	−0.048%	$744K	$4.1M	10x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−0.246%	$660	$152K	12x	as long as short
01 Exchange UNIUSD	+0.0040%	1h	8.8458	−0.067%	$441	$56	10x	as long as short
dYdX UNI-USD	+0.0042%	1h	8.8511	−0.007%	$232K	$32K	10x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0053%	1h	8.8479	−0.043%	$585K	$222K	50x	as long as short
Lighter UNI	+0.0096%	1h	8.8595	+0.088%	$4.4M	$5.0M	15x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8444	−0.083%	$25K	—	20x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.8520	+0.003%	$784K	$2.5M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.8538	+0.024%	$289K	$482K	10x	as long as short

Show all 40 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance UNIUSDT	+0.0100%	8h	8.8460	−0.065%	$214.3M	$592.3M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	8.8450	−0.076%	$97.8M	$100.4M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	8.8470	−0.054%	$54.4M	$237.5M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.8570	+0.059%	$319K	$555K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.8470	−0.054%	$27.4M	$58.1M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.8460	−0.065%	$45.8M	$25.5M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.8470	−0.054%	$12.9M	$11.7M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8450	−0.076%	$32.9M	$43.6M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.8470	−0.054%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8548	+0.034%	$1.1M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	8.8417	−0.114%	$4.1M	$3.2M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8404	−0.128%	$167K	$345K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8386	−0.149%	$627K	$2.4M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8470	−0.054%	$89K	$708K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8480	−0.042%	$91K	$3.5M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.8465	−0.059%	$105K	$592K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8400	−0.133%	$16K	$2.6M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.8534	+0.019%	$36K	$1.2M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.8452	−0.074%	$32K	$730K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.8537	+0.022%	$692K	$4.2M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8440	−0.088%	$26.7M	$4.5M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8383	−0.152%	$303K	$1.7M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8445	−0.082%	$31K	—	3x	as long as short
Kraken Futures PF_UNIUSDlong	+0.0142%	1h	8.8517	long leg	$4.7M	$7.8M	50x
BloFin UNI-USDT	+0.0220%	8h	8.8420	−0.110%	$10.0M	$3.4M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0248%	1h	8.8400	−0.133%	$923K	$4.5M	50x	as long as short
Hyperliquid UNI	+0.0248%	1h	8.8614	+0.109%	$95.4M	$63.4M	10x	as long as short
GMX UNI/USD [UNI-USDC]short	L +0.0381% / S −0.0244%	1h	8.8436	−0.092%	$629K	—	120x
Reya UNIRUSDPERP	+0.0385%	1h	8.8444	−0.083%	$16K	—	20x	as long as short
Aftermath Perps UNIUSD	+0.0502%	1h	8.8354	−0.185%	$1K	$51K	10x	as long as short