UNI

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0983%/8h= +107.6% APRnext payment +$1.23 per $10,000 · paid last 24h −0.015%

Price spread now: dYdX against Kraken Futures−0.041%7-day average −0.047% · you buy dearer than you sell

Net, funding: paid 7d − costs−$111as in the Funding arb table

Net, price: spread back to 7d avg − costs−$116as in the Price arb table

costs, in and out, $10k−$1171.169% of the position

Long on Kraken Futures Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.055%+$5 on $10k

Price spread, last 4 days (all we have)−0.177%−$18 · spread now −0.041%, 7d avg −0.047%

Together, before fees−0.122%−$12 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.047%, so right now this pair is about funding alone: +$29 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.055% in total (about 2.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.23 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	Kraken Futures PF_UNIUSD	8.8572	−0.0307	get 0.0038% / 1h	57m 40s	$4.7M	$8.6M	50x
Short	dYdX UNI-USD	8.8536	0.0676	get 0.0085% / 1h	57m 40s	$233K	$30K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now −0.041%Rate

Funding earned: $206.41
Price spread: −0.041% → −0.047%: $0.67
Slippage, 4 orders: −$96.94
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: $90.14
Costs to cover: 1.169%
Break-even: 3.9 days

Slippage from Kraken Futures: live order book, 1 min ago; dYdX: live order book, 46 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, 1 min ago	2.26 bp	13.1 bp −$13	15.8 bp −$158	45.1 bp −$4,508	doesn't fit
Sell dYdX live order book, 46 min ago	38.42 bp	44.5 bp −$45	116.4 bp −$1,164	197.9 bp −$19.8K	424.0 bp −$212.0K

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
Kraken Futures PF_UNIUSDlong	−0.0307%	1h	8.8572	long leg	$4.7M	$8.6M	50x
01 Exchange UNIUSD	−0.0072%	1h	8.8497	−0.085%	$442	$5	10x	as long as short
Polymarket Perps UNI-USD	−0.0058%	1h	8.8492	−0.091%	$106K	$616K	10x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0007%	1h	8.8577	+0.005%	$49K	—	150x	as long as short
Nado UNI-PERP	+0.0022%	1h	8.8495	−0.087%	$735K	$4.7M	10x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−0.308%	$660	$153K	12x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0055%	1h	8.8593	+0.023%	$584K	$250K	50x	as long as short
Lighter UNI	+0.0096%	1h	8.8596	+0.027%	$4.4M	$5.5M	15x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8466	−0.120%	$25K	—	20x	as long as short
Hyperliquid UNI	+0.0100%	1h	8.8616	+0.049%	$94.3M	$67.7M	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster UNIUSDT	+0.0100%	8h	8.8520	−0.059%	$725K	$3.6M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.8510	−0.070%	$283K	$590K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.8460	−0.127%	$213.7M	$657.6M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	8.8460	−0.127%	$98.0M	$111.4M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	8.8470	−0.116%	$53.9M	$263.6M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.8560	−0.014%	$316K	$695K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.8490	−0.093%	$25.2M	$65.6M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.8510	−0.070%	$48.3M	$26.0M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.8550	−0.025%	$13.0M	$13.4M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8480	−0.104%	$32.4M	$45.4M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.8470	−0.116%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8592	+0.022%	$1.1M	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	8.8510	−0.071%	$4.1M	$4.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8593	+0.023%	$168K	$345K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8480	−0.104%	$619K	$2.7M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8620	+0.054%	$89K	$709K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8640	+0.076%	$15K	$3.4M	20x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8540	−0.037%	$16K	$2.0M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.8560	−0.014%	$36K	$1.4M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.8529	−0.049%	$32K	$888K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.8611	+0.044%	$694K	$4.8M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8560	−0.014%	$26.7M	$4.5M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8440	−0.149%	$289K	$1.7M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8541	−0.036%	$31K	—	3x	as long as short
Coinbase International UNI-PERP-INTX	+0.0200%	1h	8.8610	+0.042%	$923K	$5.4M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.8580	+0.009%	$10.0M	$3.6M	75x	as long as short
Reya UNIRUSDPERP	+0.0380%	1h	8.8474	−0.111%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0243%	1h	8.8577	+0.005%	$630K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0510%	1h	8.8677	+0.118%	$946	$53K	10x	as long as short
dYdX UNI-USDshort	+0.0676%	1h	8.8536	−0.041%	$233K	$30K	10x