Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0174%/8h= +19.1% APRpaid last 24h +0.043%

Price spread now: Kraken Futures against SunX+0.011%7-day average 0.000% · you sell dearer than you buy

Net, funding: paid 7d − costs−$46as in the Funding arb table

Net, price: spread back to 7d avg − costs−$61as in the Price arb table

costs, in and out, $10k−$620.619% of the position

Long on SunX Short on Kraken Futures

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)−0.021%−$2 · spread now +0.011%, 7d avg 0.000%

Together, before fees+0.136%+$14 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of 0.000%, so right now this pair is about funding alone: +$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX UNI-USDT	8.8682	0.0100	pay 0.0100% / 8h	3h 09m	$36K	$1.4M	30x
Short	Kraken Futures PF_UNIUSD	8.8691	0.0274	get 0.0034% / 1h	9m 59s	$4.8M	$8.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against SunX. 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 SunXbpFee Kraken FuturesbpOrdersPrice spread, now +0.011%Rate

Funding earned: $36.61
Price spread: +0.011% → 0.000%: $1.06
Slippage, 4 orders: −$43.89
Fee SunX: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$24.21
Costs to cover: 0.619%
Break-even: 11.6 days

Slippage from SunX: live order book, 4 min ago; Kraken Futures: live order book, 4 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 SunX live order book, 4 min ago	13.83 bp	17.8 bp −$18	34.5 bp −$345	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 4 min ago	3.94 bp	11.8 bp −$12	15.1 bp −$151	37.5 bp −$3,753	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
01 Exchange UNIUSD	−0.0008%	1h	8.8656	−0.029%	$442	$5	10x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0007%	1h	8.8630	−0.059%	$48K	—	150x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0014%	1h	8.8659	−0.026%	$568K	$208K	50x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−0.431%	$660	$154K	12x	as long as short
Lighter UNI	+0.0096%	1h	8.8765	+0.094%	$4.5M	$5.9M	15x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8590	−0.104%	$25K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.8625	−0.064%	$861K	$4.5M	10x	as long as short
Hyperliquid UNI	+0.0100%	1h	8.8711	+0.033%	$94.0M	$65.1M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.8710	+0.032%	$774K	$3.6M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.8645	−0.041%	$286K	$612K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance UNIUSDT	+0.0100%	8h	8.8692	+0.012%	$217.3M	$651.4M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	8.8660	−0.025%	$99.3M	$111.8M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	8.8700	+0.020%	$53.8M	$260.5M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.8720	+0.043%	$318K	$666K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.8640	−0.047%	$23.3M	$65.2M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.8700	+0.020%	$47.1M	$26.3M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.8700	+0.020%	$13.1M	$13.3M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8670	−0.014%	$32.6M	$46.1M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	8.8690	+0.009%	—	$56.8M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8684	+0.002%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	8.8419	−0.297%	$4.1M	$4.2M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8810	+0.145%	$168K	$344K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8650	−0.036%	$616K	$2.8M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8820	+0.156%	$91K	$701K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8580	−0.115%	$15K	$3.4M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.8672	−0.011%	$84K	$458K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8600	−0.092%	$16K	$1.5M	10x	as long as short
SunX UNI-USDTlong	+0.0100%	8h	8.8682	long leg	$36K	$1.4M	30x
SoDEX UNI-USD	+0.0100%	1h	8.8624	−0.065%	$31K	$816K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.8683	+0.001%	$700K	$4.9M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8690	+0.009%	$26.8M	$4.4M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8656	−0.030%	$284K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8630	−0.059%	$31K	—	3x	as long as short
Coinbase International UNI-PERP-INTX	+0.0216%	1h	8.8650	−0.036%	$918K	$5.8M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.8560	−0.138%	$10.1M	$3.6M	75x	as long as short
dYdX UNI-USD	+0.0240%	1h	8.8660	−0.025%	$233K	$30K	10x	as long as short
Kraken Futures PF_UNIUSDshort	+0.0274%	1h	8.8691	+0.011%	$4.8M	$8.2M	50x
Reya UNIRUSDPERP	+0.0375%	1h	8.8625	−0.064%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	8.8635	−0.053%	$631K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0726%	1h	8.8942	+0.294%	$892	$45K	10x	as long as short