UNI

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0460%/8h= +50.4% APRnext payment +$0.58 per $10,000 · paid last 24h +0.021%

Price spread now: Kraken Futures against Pacifica+0.174%7-day average +0.040% · you sell dearer than you buy

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$500.500% of the position

Long on Pacifica Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.114%+$11 on $10k

Price spread, last 3 days (all we have)+0.062%+$6 · spread now +0.174%, 7d avg +0.040%

Together, before fees+0.175%+ Points / potential airdropPacifica: Active · farm board+$18 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and Kraken Futures is 0.135% dearer against Pacifica than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of +0.040%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.114% in total (about 5.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.58 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	Pacifica UNI	9.0148	0.0100	pay 0.0013% / 1h	55m 55s	$301K	$586K	10x
Short	Kraken Futures PF_UNIUSD	9.0305	0.0560	get 0.0070% / 1h	55m 55s	$5.0M	$7.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Pacifica. 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 PacificabpFee Kraken FuturesbpOrdersPrice spread, now +0.174%Rate

Funding earned: $96.69
Price spread: +0.174% → +0.040%: $13.46
Slippage, 4 orders: −$31.96
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $60.18
Costs to cover: 0.500%
Break-even: 2.6 days

Slippage from Pacifica: live order book, 23 min ago; Kraken Futures: live order book, 3 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 Pacifica live order book, 23 min ago	1.12 bp	8.4 bp −$8	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 3 min ago	2.78 bp	13.9 bp −$14	17.2 bp −$172	46.1 bp −$4,611	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
Injective UNI/USDC PERP	−0.0049%	1h	8.8300	−2.050%	$660	$155K	12x	as long as short
Variational Omni UNI	−0.0022%	8h	8.9623	−0.582%	$4.0M	$4.6M	—	as long as short
dYdX UNI-USD	0.0000%	1h	9.0120	−0.031%	$250K	$6K	10x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	9.0185	+0.041%	$63K	—	150x	as long as short
Bybit UNIUSDT	+0.0036%	8h	9.0060	−0.097%	$102.8M	$104.9M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0071%	8h	9.0060	−0.097%	$55.7M	$249.4M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.0123	−0.027%	$26K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.0110	−0.042%	$953K	$4.1M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.0300	+0.169%	$1.1M	$3.3M	50x	as long as short
Pacifica UNIlong	+0.0100%	1h	9.0148	long leg	$301K	$586K	10x

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance UNIUSDT	+0.0100%	8h	9.0104	−0.049%	$222.2M	$593.7M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.0230	+0.091%	$279K	$619K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.0120	−0.031%	$23.2M	$57.6M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0130	−0.020%	$43.5M	$23.6M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0190	+0.047%	$13.7M	$13.8M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0050	−0.108%	$32.7M	$41.6M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	9.0080	−0.075%	—	$51.7M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.9843	−0.338%	$169K	$341K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.9813	−0.372%	$629K	$2.5M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.9870	−0.308%	$89K	$712K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0130	−0.020%	$108K	$3.2M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.0182	+0.038%	$87K	$355K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.0200	+0.058%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.0221	+0.081%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.0235	+0.097%	$25K	$664K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.0212	+0.071%	$737K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.0240	+0.102%	$27.2M	$4.4M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0085	−0.070%	$303K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0218	+0.078%	$32K	$1K	3x	as long as short
Backpack UNI_USDC_PERP	+0.0182%	1h	9.0263	+0.128%	$1.0M	$2.3M	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.0120	−0.031%	$10.0M	$3.4M	75x	as long as short
01 Exchange UNIUSD	+0.0224%	1h	9.0180	+0.036%	$450	—	10x	as long as short
Coinbase International UNI-PERP-INTX	+0.0232%	1h	9.0300	+0.169%	$1.1M	$5.4M	50x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0253%	1h	9.0241	+0.103%	$573K	$157K	50x	as long as short
Reya UNIRUSDPERP	+0.0363%	1h	9.0134	−0.015%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0380% / S −0.0320%	1h	9.0191	+0.048%	$566K	—	120x	as long as short
Kraken Futures PF_UNIUSDshort	+0.0560%	1h	9.0305	+0.174%	$5.0M	$7.1M	50x
Aftermath Perps UNIUSD	+0.0714%	1h	8.9899	−0.276%	$1K	$49K	10x	as long as short
Hyperliquid UNI	+0.0765%	1h	9.0245	+0.108%	$99.5M	$59.6M	10x	as long as short
Lighter UNI	+0.1000%	1h	9.0383	+0.261%	$4.6M	$5.1M	15x	as long as short