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Funding arb · Price arb /

UNI

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 08:00 UTC+0.0407%/8h= +44.6% APRpaid last 24h −0.038%
Price spread now: HTX against Kraken Futures+0.075%7-day average +0.070% · you sell dearer than you buy
Net, funding: paid 7d − costs−$72as in the Funding arb table
Net, price: spread back to 7d avg − costs−$56as in the Price arb table
costs, in and out, $10k−$560.564% of the position
Long on Kraken FuturesShort on HTX
What this pair did over the last
the charts below follow
Funding, last 7 days−0.157%−$16 on $10k
Price spread, last 4 days (all we have)−0.111%−$11 · spread now +0.075%, 7d avg +0.070%
Together, before fees−0.268%−$27 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.070%, so right now this pair is about funding alone: +$12 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.157%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.157% in total (about -8.2% 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_UNIUSD8.8397−0.0307get 0.0038% / 1h20m 46s$4.7M$8.6M50x
ShortHTX UNI-USDT8.84630.0100get 0.0100% / 8h20m 46s$697K$4.7M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX 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

Funding earned
$85.57
Price spread: +0.075% → +0.070%
$0.47
Slippage, 4 orders
−$34.4
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee HTX: 6 bp × 2 orders
−$12
Net
$29.64
Costs to cover
0.564%
Break-even
4.6 days
Slippage from Kraken Futures: live order book, 3 min ago; HTX: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Kraken Futures live order book, 3 min ago2.27 bp13.2 bp −$1317.7 bp −$17742.3 bp −$4,228doesn't fit
Sell HTX live order book, 3 min ago5.72 bp12.8 bp −$1328.1 bp −$281210.6 bp −$21.1Kdoesn't fit

UNI on 40 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_UNIUSDlong−0.0307%1h8.8397long leg$4.7M$8.6M50x
01 Exchange UNIUSD−0.0016%1h8.8417+0.023%$441$510xas long as short
gTrade (Gains Network) UNI/USDL +0.0004% / S −0.0005%1h8.8408+0.012%$72K—150xas long as short
Deribit UNI_USDC-PERPETUAL+0.0017%1h8.8423+0.029%$586K$268K50xas long as short
Injective UNI/USDC PERP+0.0033%1h8.8300−0.110%$660$153K12xas long as short
Nado UNI-PERP+0.0038%1h8.8350−0.053%$724K$4.7M10xas long as short
Polymarket Perps UNI-USD+0.0063%1h8.8361−0.041%$105K$615K10xas long as short
Lighter UNI+0.0096%1h8.8602+0.232%$4.4M$5.6M15xas long as short
Paradex UNI-USD-PERP+0.0100%8h8.8516+0.134%$25K—20xas long as short
Hyperliquid UNI+0.0100%1h8.8543+0.165%$94.3M$67.6M10xas long as short
Show all 40 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster UNIUSDT+0.0100%8h8.8543+0.165%$720K$3.3M50xas long as short
Pacifica UNI+0.0100%1h8.8537+0.159%$286K$599K10xas long as short
Binance UNIUSDT+0.0100%8h8.8520+0.139%$214.3M$651.9M75xas long as short
Bybit UNIUSDT+0.0100%8h8.8510+0.128%$98.0M$110.5M75xas long as short
OKX UNI-USDT-SWAP+0.0100%8h8.8500+0.117%$54.2M$261.1M50xas long as short
Arcus UNI-USD+0.0100%1h8.8460+0.071%$316K$690K10xas long as short
Gate UNI_USDT+0.0100%8h8.8440+0.049%$26.0M$66.4M75xas long as short
MEXC UNI_USDT+0.0100%8h8.8510+0.128%$48.0M$26.3M200xas long as short
KuCoin UNIUSDTM+0.0100%8h8.8400+0.003%$13.0M$13.3M75xas long as short
Bitget UNIUSDT+0.0100%8h8.8430+0.037%$32.4M$45.3M75xas long as short
BingX UNI-USDC+0.0100%8h8.8420+0.026%—$6.5M—as long as short
Backpack UNI_USDC_PERP+0.0100%1h8.8427+0.034%$1.0M$2.5M10xas long as short
Variational Omni UNI+0.0100%8h8.8330−0.076%$4.1M$4.1M—as long as short
edgeX UNIUSDC+0.0100%4h8.8146−0.284%$167K$346K20xas long as short
GRVT UNI_USDT_Perp+0.0100%8h8.8199−0.224%$612K$2.6M10xas long as short
ApeX Omni UNIUSDT+0.0100%1h8.8200−0.223%$89K$709K50xas long as short
StandX UNI-USD+0.0100%1h8.8160−0.268%$14K$3.4M20xas long as short
Orderly PERP_UNI_USDC+0.0100%8h8.8330−0.076%$16K$2.2M10xas long as short
SunX UNI-USDT+0.0100%8h8.8424+0.031%$36K$1.3M30xas long as short
SoDEX UNI-USD+0.0100%1h8.8330−0.076%$32K$885K10xas long as short
HTX UNI-USDTshort+0.0100%8h8.8463+0.075%$697K$4.7M75x
Phemex UNIUSDT+0.0100%8h8.8310−0.098%$26.6M$4.4M50xas long as short
Extended UNI-USD+0.0104%1h8.8384−0.015%$285K$1.7M25xas long as short
Aevo UNI-PERP+0.0104%1h8.8365−0.036%$31K—3xas long as short
Coinbase International UNI-PERP-INTX+0.0200%1h8.8400+0.003%$920K$5.4M50xas long as short
BloFin UNI-USDT+0.0220%8h8.8360−0.042%$10.1M$3.6M75xas long as short
GMX UNI/USD [UNI-USDC]L +0.0381% / S −0.0243%1h8.8403+0.006%$629K—120xas long as short
Reya UNIRUSDPERP+0.0381%1h8.8332−0.073%$16K—20xas long as short
Aftermath Perps UNIUSD+0.0410%1h8.8396−0.001%$976$52K10xas long as short
dYdX UNI-USD+0.0559%1h8.8474+0.087%$233K$30K10xas long as short