UNI

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0110%/8h= +12.1% APRnext payment +$0.14 per $10,000 · paid last 24h +0.004%

Price spread now: Kraken Futures against dYdX+0.093%7-day average +0.048% · you sell dearer than you buy

Net, funding: paid 7d − costs−$276as in the Funding arb table

Net, price: spread back to 7d avg − costs−$267as in the Price arb table

costs, in and out, $10k−$2712.710% of the position

Long on dYdX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.054%−$5 on $10k

Price spread, last 4 days (all we have)+0.202%+$20 · spread now +0.093%, 7d avg +0.048%

Together, before fees+0.148%+$15 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Kraken Futures is 0.045% dearer against dYdX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.048%. Mind the row above: over the last 7 days funding on this pair cost −0.054%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX UNI-USD	9.0913	0.0158	pay 0.0020% / 1h	13m 04s	$239K	$30K	10x
Short	Kraken Futures PF_UNIUSD	9.0997	0.0269	get 0.0034% / 1h	13m 04s	$5.0M	$8.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against dYdX. 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 dYdXbpFee Kraken FuturesbpOrdersPrice spread, now +0.093%Rate

Funding earned: $23.18
Price spread: +0.093% → +0.048%: $4.48
Slippage, 4 orders: −$251.04
Fee dYdX: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$243.38
Costs to cover: 2.710%
Break-even: 80.5 days

Slippage from dYdX: live order book, 46 min ago; Kraken Futures: 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 dYdX live order book, 46 min ago	31.23 bp	36.3 bp −$36	36.4 bp −$364	114.5 bp −$11.5K	396.2 bp −$198.1K
Sell Kraken Futures live order book, 1 min ago	0.55 bp	15.1 bp −$15	18.9 bp −$189	47.2 bp −$4,721	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 −0.0004%	1h	9.0935	+0.025%	$37K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−2.874%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0064%	1h	9.0952	+0.043%	$454	$5	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.0970	+0.063%	$971K	$4.4M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.0974	+0.067%	$825K	$3.5M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.0946	+0.037%	$294K	$599K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.0920	+0.008%	$223.4M	$638.0M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.0870	−0.047%	$102.0M	$111.1M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.0890	−0.025%	$55.4M	$262.3M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.1030	+0.129%	$315K	$651K	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	9.0990	+0.085%	$23.7M	$63.9M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.1010	+0.107%	$48.0M	$25.5M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0990	+0.085%	$13.6M	$13.2M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0960	+0.052%	$33.6M	$44.8M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.0970	+0.063%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.1032	+0.131%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.0759	−0.169%	$4.3M	$4.1M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.0833	−0.087%	$171K	$347K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0825	−0.096%	$643K	$2.8M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0870	−0.047%	$96K	$700K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0930	+0.019%	$15K	$3.4M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.0944	+0.034%	$86K	$429K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.0920	+0.008%	$16K	$1.5M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.1000	+0.096%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.0950	+0.041%	$22K	$791K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.0976	+0.070%	$732K	$4.7M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.1020	+0.118%	$27.6M	$4.4M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.0907	−0.007%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0900	−0.014%	$293K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0955	+0.046%	$32K	—	3x	as long as short
dYdX UNI-USDlong	+0.0158%	1h	9.0913	long leg	$239K	$30K	10x
BloFin UNI-USDT	+0.0220%	8h	9.0910	−0.003%	$10.2M	$3.6M	75x	as long as short
Lighter UNI	+0.0224%	1h	9.1104	+0.210%	$4.6M	$5.8M	15x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0244%	1h	9.0997	+0.093%	$583K	$193K	50x	as long as short
Coinbase International UNI-PERP-INTX	+0.0248%	1h	9.0890	−0.025%	$987K	$5.8M	50x	as long as short
Kraken Futures PF_UNIUSDshort	+0.0269%	1h	9.0997	+0.093%	$5.0M	$8.0M	50x
Hyperliquid UNI	+0.0351%	1h	9.1074	+0.177%	$98.6M	$62.5M	10x	as long as short
Reya UNIRUSDPERP	+0.0373%	1h	9.0902	−0.012%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.0936	+0.025%	$647K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0939%	1h	9.0940	+0.030%	$965	$46K	10x	as long as short