UNI

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0196%/8h= −21.5% APRnext payment −$0.24 per $10,000 · paid last 24h +0.042%

Price spread now: Kraken Futures against Deribit−0.018%7-day average +0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs−$60as in the Price arb table

costs, in and out, $10k−$570.570% of the position

Long on Deribit Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.261%+$26 on $10k

Price spread, last 4 days (all we have)+0.046%+$5 · spread now −0.018%, 7d avg +0.007%

Together, before fees+0.307%+$31 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Kraken Futures is 0.025% cheaper against Deribit than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.007%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.261%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit UNI_USDC-PERPETUAL	8.9297	0.0179	pay 0.0022% / 1h	19m 42s	$588K	$250K	50x
Short	Kraken Futures PF_UNIUSD	8.9281	−0.0017	pay 0.0002% / 1h	19m 42s	$4.7M	$8.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Deribit. 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 DeribitbpFee Kraken FuturesbpOrdersPrice spread, now −0.018%Rate

Funding earned: −$41.15
Price spread: −0.018% → +0.007%: −$2.48
Slippage, 4 orders: −$40.04
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$100.66
Costs to cover: 0.570%
Break-even: never at this rate

Slippage from Deribit: live order book, 24 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 Deribit live order book, 24 min ago	9.40 bp	14.1 bp −$14	21.8 bp −$218	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 4 min ago	2.24 bp	15.6 bp −$16	25.1 bp −$251	111.4 bp −$11.1K	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
Polymarket Perps UNI-USD	−0.0126%	1h	8.9235	−0.069%	$107K	$618K	10x	as long as short
Kraken Futures PF_UNIUSDshort	−0.0017%	1h	8.9281	−0.018%	$4.7M	$8.6M	50x
01 Exchange UNIUSD	−0.0016%	1h	8.9280	−0.019%	$446	$5	10x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0007%	1h	8.9205	−0.102%	$49K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−1.116%	$660	$153K	12x	as long as short
Nado UNI-PERP	+0.0063%	1h	8.9243	−0.061%	$741K	$4.7M	10x	as long as short
Lighter UNI	+0.0096%	1h	8.9216	−0.091%	$4.5M	$5.7M	15x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.9127	−0.190%	$25K	—	20x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.9154	−0.160%	$730K	$3.6M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.9159	−0.154%	$285K	$590K	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	8.9150	−0.165%	$215.3M	$658.4M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	8.9140	−0.176%	$99.0M	$111.4M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	8.9130	−0.187%	$54.1M	$265.7M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.9250	−0.053%	$318K	$695K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.9160	−0.153%	$25.2M	$66.7M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.9130	−0.187%	$49.0M	$26.6M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.9110	−0.209%	$13.0M	$13.4M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.9140	−0.176%	$32.6M	$45.4M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	8.9150	−0.165%	—	$57.4M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.9235	−0.069%	$1.0M	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	8.9139	−0.176%	$4.1M	$4.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.9258	−0.043%	$169K	$346K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.9241	−0.063%	$624K	$2.7M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.9260	−0.041%	$90K	$711K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.9210	−0.097%	$15K	$3.5M	20x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.9260	−0.041%	$16K	$1.9M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.9259	−0.042%	$36K	$1.4M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.9237	−0.067%	$32K	$886K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.9306	+0.010%	$698K	$4.8M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.9210	−0.097%	$26.9M	$4.5M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.9116	−0.202%	$293K	$1.7M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.9260	−0.041%	$32K	—	3x	as long as short
Deribit UNI_USDC-PERPETUALlong	+0.0179%	1h	8.9297	long leg	$588K	$250K	50x
Hyperliquid UNI	+0.0186%	1h	8.9227	−0.078%	$94.8M	$67.5M	10x	as long as short
Coinbase International UNI-PERP-INTX	+0.0192%	1h	8.9350	+0.059%	$931K	$5.5M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.9180	−0.131%	$10.0M	$3.6M	75x	as long as short
dYdX UNI-USD	+0.0284%	1h	8.9144	−0.171%	$235K	$31K	10x	as long as short
Reya UNIRUSDPERP	+0.0379%	1h	8.9242	−0.062%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0243%	1h	8.9236	−0.068%	$635K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0494%	1h	8.9316	+0.022%	$1K	$53K	10x	as long as short