UNI

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0281%/8h= −30.8% APRnext payment −$0.35 per $10,000 · paid last 24h −0.026%

Price spread now: StandX against Kraken Futures−0.030%46s7-day average −0.016% · you buy dearer than you sell

Net, funding: paid 7d − costs−$78as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$650.654% of the position

Long on Kraken Futures Short on StandX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.124%−$12 on $10k

Price spread, last 3 days (all we have)−0.181%−$18 · spread now −0.030%, 7d avg −0.016%

Together, before fees−0.304%+ Points / potential airdropStandX: Active · farm board−$30 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.016%, so right now this pair is about funding alone: −$8 a day on $10k at the current rate. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.124% in total (about -6.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.35 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_UNIUSD	9.2068	0.0381	pay 0.0048% / 1h	37m 33s	$5.1M	$7.0M	50x
Short	StandX UNI-USD	9.2040	0.0100	get 0.0013% / 1h	37m 33s	$37K	$3.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

StandX 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 StandXbpOrdersPrice spread, now −0.030%Rate

Funding earned: −$59.1
Price spread: −0.030% → −0.016%: −$1.42
Slippage, 4 orders: −$47.43
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee StandX: 4 bp × 2 orders: −$8
Net: −$125.94
Costs to cover: 0.654%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 1 min ago; StandX: 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	7.61 bp	15.2 bp −$15	18.9 bp −$189	42.3 bp −$4,229	doesn't fit
Sell StandX live order book, 1 min ago	4.91 bp	20.3 bp −$20	49.0 bp −$490	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 −0.0005%	1h	9.2132	+0.070%	$75K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−4.092%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0072%	1h	9.1668	−0.434%	$457	—	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.1635	−0.470%	$969K	$4.2M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.1785	−0.307%	$1.1M	$3.4M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.1664	−0.439%	$308K	$583K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.1640	−0.464%	$229.4M	$594.4M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.1650	−0.454%	$103.4M	$106.8M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.1660	−0.443%	$56.4M	$255.7M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.1720	−0.378%	$273K	$616K	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	9.1600	−0.508%	$23.0M	$58.5M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.1710	−0.388%	$44.7M	$23.8M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.1640	−0.464%	$13.7M	$13.5M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.1650	−0.454%	$33.7M	$42.1M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	9.1610	−0.497%	—	$53.7M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.2145	+0.084%	$1.0M	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.1681	−0.420%	$4.2M	$4.4M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.2036	−0.034%	$173K	$343K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.1570	−0.540%	$641K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.2070	+0.003%	$90K	$708K	50x	as long as short
StandX UNI-USDshort	+0.0100%	1h	9.2040	−0.030%	$37K	$3.3M	20x
Polymarket Perps UNI-USD	+0.0100%	1h	9.1704	−0.395%	$86K	$375K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.2120	+0.057%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.2194	+0.137%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.2010	−0.063%	$21K	$702K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.2148	+0.087%	$736K	$4.4M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.2090	+0.024%	$27.8M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.1587	−0.522%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.1576	−0.534%	$306K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.2097	+0.032%	$33K	—	3x	as long as short
dYdX UNI-USD	+0.0125%	1h	9.1656	−0.447%	$253K	$7K	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.1780	−0.312%	$10.2M	$3.6M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0272%	1h	9.2140	+0.079%	$1.1M	$5.6M	50x	as long as short
Reya UNIRUSDPERP	+0.0366%	1h	9.1643	−0.461%	$17K	—	20x	as long as short
Kraken Futures PF_UNIUSDlong	+0.0381%	1h	9.2068	long leg	$5.1M	$7.0M	50x
GMX UNI/USD [UNI-USDC]	L +0.0382% / S −0.0323%	1h	9.2129	+0.067%	$582K	—	120x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0473%	1h	9.2193	+0.137%	$594K	$178K	50x	as long as short
Hyperliquid UNI	+0.0511%	1h	9.1835	−0.253%	$101.2M	$59.9M	10x	as long as short
Lighter UNI	+0.0840%	1h	9.1859	−0.227%	$4.7M	$5.3M	15x	as long as short
Aftermath Perps UNIUSD	+0.0907%	1h	9.1677	−0.424%	$1K	$49K	10x	as long as short