Funding you earn now, next payment 01:00 UTC−0.0289%/8h= −31.6% APRpaid last 24h −0.026%
Price spread now: Orderly against Kraken Futures−0.011%7-day average −0.060% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.124%−$12 on $10k
+Price spread, last 3 days (all we have)−0.072%−$7 · spread now −0.011%, 7d avg −0.060%
=The price spread pays, funding is against you. Orderly is 0.049% dearer against Kraken Futures than usual: you sell high and buy low (spread −0.011% now, against its 7-day average of −0.060%): +$5 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 14 hours. At the pace of the last 7 days (−0.124% in total) that is about 2.8 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.124% in total (about -6.5% a year). A funding rate is set anew for every payment. 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 | 9.0380 | 0.0389 | pay 0.0049% / 1h | 1m 08s | $5.0M | $7.0M | 50x |
| Short | Orderly PERP_UNI_USDC | 9.0370 | 0.0100 | get 0.0100% / 8h | 7h 01m | $16K | $1.7M | 10x |
Kraken Futures PF_UNIUSD
Orderly PERP_UNI_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$60.59
- Price spread: −0.011% → −0.060%
- $4.93
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$71.66
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: live order book, 3 min ago; Orderly: no order-book sample. Net counts fees only.
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, 3 min ago | 5.48 bp | 17.6 bp −$18 | 19.2 bp −$192 | 50.5 bp −$5,055 | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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-PERPETUAL | 0.0000% | 1h | 9.0386 | +0.007% | $584K | $186K | 50x | as long as short |
| gTrade (Gains Network) UNI/USD | L +0.0004% / S −0.0004% | 1h | 9.0369 | −0.011% | $19K | — | 150x | as long as short |
| Injective UNI/USDC PERP | +0.0033% | 1h | 8.8300 | −2.301% | $660 | $154K | 12x | as long as short |
| 01 Exchange UNIUSD | +0.0096% | 1h | 9.0448 | +0.076% | $451 | — | 10x | as long as short |
| Nado UNI-PERP | +0.0100% | 1h | 9.0435 | +0.061% | $963K | $4.3M | 10x | as long as short |
| Aster UNIUSDT | +0.0100% | 8h | 9.0394 | +0.016% | $1.0M | $2.9M | 50x | as long as short |
| Pacifica UNI | +0.0100% | 1h | 9.0650 | +0.299% | $300K | $586K | 10x | as long as short |
| Binance UNIUSDT | +0.0100% | 8h | 9.0408 | +0.031% | $228.9M | $602.0M | 75x | as long as short |
| Bybit UNIUSDT | +0.0100% | 8h | 9.0410 | +0.034% | $101.8M | $107.4M | 75x | as long as short |
| OKX UNI-USDT-SWAP | +0.0100% | 8h | 9.0390 | +0.012% | $56.0M | $253.6M | 50x | as long as short |
Deribit UNI_USDC-PERPETUAL
gTrade (Gains Network) UNI/USD
Injective UNI/USDC PERP
01 Exchange UNIUSD
Nado UNI-PERP
Aster UNIUSDT
Pacifica UNI
Binance UNIUSDT
Bybit UNIUSDT
OKX UNI-USDT-SWAPShow all 40 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Arcus UNI-USD | +0.0100% | 1h | 9.0590 | +0.233% | $279K | $618K | 10x | as long as short |
| Gate UNI_USDT | +0.0100% | 8h | 9.0380 | +0.001% | $23.1M | $60.9M | 75x | as long as short |
| MEXC UNI_USDT | +0.0100% | 8h | 9.0400 | +0.023% | $50.3M | $25.4M | 200x | as long as short |
| KuCoin UNIUSDTM | +0.0100% | 8h | 9.0450 | +0.078% | $13.6M | $13.6M | 75x | as long as short |
| Bitget UNIUSDT | +0.0100% | 8h | 9.0360 | −0.022% | $33.1M | $42.8M | 75x | as long as short |
| BingX UNI-USDC | +0.0100% | 8h | 9.0380 | +0.001% | — | $6.5M | — | as long as short |
| Backpack UNI_USDC_PERP | +0.0100% | 1h | 9.0372 | −0.008% | $990K | $2.4M | 10x | as long as short |
| Variational Omni UNI | +0.0100% | 8h | 9.0329 | −0.056% | $4.1M | $4.4M | — | as long as short |
| edgeX UNIUSDC | +0.0100% | 4h | 9.1109 | +0.807% | $172K | $346K | 20x | as long as short |
| GRVT UNI_USDT_Perp | +0.0100% | 8h | 9.1234 | +0.945% | $639K | $2.6M | 10x | as long as short |
| ApeX Omni UNIUSDT | +0.0100% | 1h | 9.1120 | +0.819% | $89K | $706K | 50x | as long as short |
| StandX UNI-USD | +0.0100% | 1h | 9.0670 | +0.321% | $56K | $3.3M | 20x | as long as short |
| Polymarket Perps UNI-USD | +0.0100% | 1h | 9.0453 | +0.081% | $87K | $401K | 10x | as long as short |
| Orderly PERP_UNI_USDCshort | +0.0100% | 8h | 9.0370 | −0.011% | $16K | $1.7M | 10x | |
| SunX UNI-USDT | +0.0100% | 8h | 9.0387 | +0.008% | $36K | $1.3M | 30x | as long as short |
| SoDEX UNI-USD | +0.0100% | 1h | 9.0314 | −0.073% | $22K | $713K | 10x | as long as short |
| HTX UNI-USDT | +0.0100% | 8h | 9.0580 | +0.222% | $719K | $4.4M | 75x | as long as short |
| Phemex UNIUSDT | +0.0100% | 8h | 9.0440 | +0.067% | $27.3M | $4.5M | 50x | as long as short |
| Paradex UNI-USD-PERP | +0.0100% | 8h | 9.0526 | +0.162% | $26K | — | 20x | as long as short |
| Extended UNI-USD | +0.0104% | 1h | 9.0317 | −0.070% | $304K | $1.5M | 25x | as long as short |
| Aevo UNI-PERP | +0.0104% | 1h | 9.0341 | −0.043% | $32K | — | 3x | as long as short |
| dYdX UNI-USD | +0.0202% | 1h | 9.0675 | +0.326% | $243K | $24K | 10x | as long as short |
| BloFin UNI-USDT | +0.0220% | 8h | 9.0450 | +0.078% | $10.5M | $3.6M | 75x | as long as short |
| Coinbase International UNI-PERP-INTX | +0.0272% | 1h | 9.0500 | +0.133% | $1.1M | $4.8M | 50x | as long as short |
| Reya UNIRUSDPERP | +0.0367% | 1h | 9.0335 | −0.050% | $16K | — | 20x | as long as short |
| GMX UNI/USD [UNI-USDC] | L +0.0381% / S −0.0244% | 1h | 9.0355 | −0.028% | $644K | — | 120x | as long as short |
| Kraken Futures PF_UNIUSDlong | +0.0389% | 1h | 9.0380 | long leg | $5.0M | $7.0M | 50x | |
| Hyperliquid UNI | +0.0509% | 1h | 9.0463 | +0.092% | $99.3M | $58.8M | 10x | as long as short |
| Lighter UNI | +0.0944% | 1h | 9.0549 | +0.188% | $4.7M | $5.5M | 15x | as long as short |
| Aftermath Perps UNIUSD | +0.1067% | 1h | 9.1143 | +0.845% | $982 | $49K | 10x | as long as short |
Arcus UNI-USD
Gate UNI_USDT
MEXC UNI_USDT
KuCoin UNIUSDTM
Bitget UNIUSDT
BingX UNI-USDC
Backpack UNI_USDC_PERP
Variational Omni UNI
edgeX UNIUSDC
GRVT UNI_USDT_Perp
ApeX Omni UNIUSDT
StandX UNI-USD
Polymarket Perps UNI-USD
SunX UNI-USDT
SoDEX UNI-USD
HTX UNI-USDT
Phemex UNIUSDT
Paradex UNI-USD-PERP
Extended UNI-USD
Aevo UNI-PERP
dYdX UNI-USD
BloFin UNI-USDT
Coinbase International UNI-PERP-INTX
Reya UNIRUSDPERP
GMX UNI/USD [UNI-USDC]
Hyperliquid UNI
Lighter UNI
Aftermath Perps UNIUSD