UNI

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0270%/8h= −29.6% APRnext payment −$0.34 per $10,000 · paid last 24h −0.042%

Price spread now: Deribit against Kraken Futures+0.034%7-day average −0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$82as in the Funding arb table

Net, price: spread back to 7d avg − costs−$51as in the Price arb table

costs, in and out, $10k−$560.556% of the position

Long on Kraken Futures Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.263%−$26 on $10k

Price spread, last 4 days (all we have)−0.002%$0 · spread now +0.034%, 7d avg −0.007%

Together, before fees−0.265%−$26 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Deribit is 0.041% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.034% now, against its 7-day average of −0.007%): +$4 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 12 hours. At the pace of the last 7 days (−0.263% in total) that is about 26 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_UNIUSD	9.0546	0.0270	pay 0.0034% / 1h	39m 37s	$5.0M	$7.9M	50x
Short	Deribit UNI_USDC-PERPETUAL	9.0577	0	get 0.0000% / 1h	39m 37s	$580K	$193K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.034%Rate

Funding earned: −$56.72
Price spread: +0.034% → −0.007%: $4.14
Slippage, 4 orders: −$38.61
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$108.19
Costs to cover: 0.556%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 4 min ago; Deribit: live order book, 19 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, 4 min ago	2.19 bp	17.4 bp −$17	23.0 bp −$230	53.2 bp −$5,317	doesn't fit
Sell Deribit live order book, 19 min ago	8.16 bp	13.2 bp −$13	40.9 bp −$409	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
Deribit UNI_USDC-PERPETUALshort	0.0000%	1h	9.0577	+0.034%	$580K	$193K	50x
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	9.0573	+0.030%	$37K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−2.480%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0072%	1h	9.0035	−0.564%	$449	$5	10x	as long as short
dYdX UNI-USD	+0.0093%	1h	8.9964	−0.643%	$237K	$30K	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.0785	+0.264%	$920K	$4.4M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.0472	−0.082%	$1.0M	$3.0M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.0086	−0.507%	$292K	$593K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.0020	−0.581%	$222.1M	$632.8M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	8.9980	−0.625%	$100.9M	$110.9M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX UNI-USDT-SWAP	+0.0100%	8h	8.9990	−0.614%	$54.7M	$257.6M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.0100	−0.492%	$285K	$629K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.9980	−0.625%	$23.4M	$63.0M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.9960	−0.647%	$47.7M	$25.3M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0500	−0.051%	$13.5M	$13.1M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0010	−0.592%	$33.2M	$44.5M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	8.9950	−0.658%	—	$56.6M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.0507	−0.043%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.0778	+0.257%	$4.3M	$4.2M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.1200	+0.722%	$172K	$343K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.1036	+0.542%	$637K	$2.7M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0880	+0.369%	$89K	$694K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0870	+0.358%	$27K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.0829	+0.313%	$87K	$422K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.0560	+0.016%	$16K	$1.6M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.0783	+0.262%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.0510	−0.040%	$22K	$783K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.0760	+0.236%	$718K	$4.5M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.0480	−0.073%	$27.4M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.9892	−0.723%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	8.9940	−0.670%	$295K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0565	+0.021%	$32K	—	3x	as long as short
Lighter UNI	+0.0208%	1h	9.0410	−0.150%	$4.6M	$5.8M	15x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.0940	+0.435%	$10.3M	$3.6M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0248%	1h	9.0630	+0.093%	$1.0M	$5.5M	50x	as long as short
Kraken Futures PF_UNIUSDlong	+0.0270%	1h	9.0546	long leg	$5.0M	$7.9M	50x
Reya UNIRUSDPERP	+0.0372%	1h	9.0754	+0.230%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.0573	+0.030%	$645K	—	120x	as long as short
Hyperliquid UNI	+0.0437%	1h	9.0594	+0.053%	$98.4M	$61.8M	10x	as long as short
Aftermath Perps UNIUSD	+0.1069%	1h	9.0964	+0.462%	$910	$46K	10x	as long as short