Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0167%/8h= −18.3% APRpaid last 24h −0.032%

Price spread now: GRVT against Kraken Futures+0.522%7-day average −0.048% · you sell dearer than you buy

Net, funding: paid 7d − costs−$74as in the Funding arb table

Net, price: spread back to 7d avg − costs$0as in the Price arb table

costs, in and out, $10k−$570.567% of the position

Long on Kraken Futures Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.169%−$17 on $10k

Price spread, last 4 days (all we have)−1.204%−$120 · spread now +0.522%, 7d avg −0.048%

Together, before fees−1.373%+ Points / potential airdropGRVT: Active · farm board−$137 on $10k · with fees, hour by hour

The price spread pays, funding is against you. GRVT is 0.570% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.522% now, against its 7-day average of −0.048%): +$57 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 11 days. At the pace of the last 7 days (−0.169% in total) that is about 24 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_UNIUSD	9.1841	0.0267	pay 0.0033% / 1h	13m 31s	$5.1M	$7.7M	50x
Short	GRVT UNI_USDT_Perp	9.2320	0.0100	get 0.0100% / 8h	5h 13m	$647K	$2.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.522%Rate

Funding earned: −$35.1
Price spread: +0.522% → −0.048%: $56.97
Slippage, 4 orders: −$37.68
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$34.81
Costs to cover: 0.567%
Break-even: from the start

Slippage from Kraken Futures: live order book, 5 min ago; GRVT: live order book, 5 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, 5 min ago	5.91 bp	15.4 bp −$15	19.5 bp −$195	46.3 bp −$4,626	doesn't fit
Sell GRVT live order book, 5 min ago	6.47 bp	16.2 bp −$16	22.6 bp −$226	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
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0006%	1h	9.1790	−0.055%	$49K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−3.855%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0056%	1h	9.2159	+0.347%	$460	$5	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.2080	+0.261%	$951K	$4.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.1802	−0.042%	$1.0M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.1980	+0.152%	$299K	$573K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.2144	+0.330%	$228.7M	$621.2M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.2070	+0.250%	$103.5M	$109.8M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.2070	+0.250%	$56.9M	$258.6M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.2210	+0.402%	$292K	$614K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate UNI_USDT	+0.0100%	8h	9.2040	+0.217%	$23.6M	$61.8M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.1980	+0.152%	$49.2M	$25.3M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.1760	−0.088%	$13.8M	$12.9M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.2040	+0.217%	$33.7M	$43.4M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.2010	+0.184%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.1819	−0.024%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.2057	+0.236%	$4.3M	$4.2M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.2667	+0.900%	$175K	$345K	20x	as long as short
GRVT UNI_USDT_Perpshort	+0.0100%	8h	9.2320	+0.522%	$647K	$2.6M	10x
ApeX Omni UNIUSDT	+0.0100%	1h	9.2680	+0.914%	$90K	$694K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.1810	−0.033%	$51K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.1785	−0.061%	$88K	$418K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.1780	−0.066%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.1798	−0.046%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.1756	−0.092%	$22K	$772K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.2097	+0.279%	$724K	$4.4M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.1770	−0.077%	$27.7M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.1987	+0.159%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.2002	+0.175%	$312K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.1780	−0.066%	$33K	—	3x	as long as short
dYdX UNI-USD	+0.0113%	1h	9.2002	+0.175%	$242K	$31K	10x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0144%	1h	9.1815	−0.028%	$588K	$193K	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.1960	+0.130%	$10.4M	$3.6M	75x	as long as short
Kraken Futures PF_UNIUSDlong	+0.0267%	1h	9.1841	long leg	$5.1M	$7.7M	50x
Coinbase International UNI-PERP-INTX	+0.0296%	1h	9.1870	+0.032%	$1.1M	$5.4M	50x	as long as short
Reya UNIRUSDPERP	+0.0371%	1h	9.1721	−0.130%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.1793	−0.052%	$653K	—	120x	as long as short
Hyperliquid UNI	+0.0538%	1h	9.1868	+0.030%	$100.2M	$61.6M	10x	as long as short
Lighter UNI	+0.0576%	1h	9.1929	+0.096%	$4.7M	$5.8M	15x	as long as short
Aftermath Perps UNIUSD	+0.0977%	1h	9.2126	+0.311%	$885	$47K	10x	as long as short