Settings8H · net · $10k
Funding arb · Price arb /

UNI

all UNI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0406%/8h= +44.4% APRnext payment +$0.51 per $10,000 · paid last 24h −0.038%
Price spread now: StandX against Kraken Futures−0.040%46s7-day average −0.012% · you buy dearer than you sell
Net, funding: paid 7d − costs−$91as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$750.752% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.157%−$16 on $10k
Price spread, last 4 days (all we have)−0.089%−$9 · spread now −0.040%, 7d avg −0.012%
Together, before fees−0.246%+ Points / potential airdropStandX: Active · farm board−$25 on $10k · with fees, hour by hour
Funding pays, the price is against you. StandX is 0.028% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.040% now, against its 7-day average of −0.012%). If the spread goes back, that is −$3 on $10k: about 6 hours of funding at the current rate (+$12 a day). Mind the row above: over the last 7 days funding on this pair cost −0.157%, so the current rate has only just turned in your favour. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.157% in total (about -8.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.51 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_UNIUSD8.8925−0.0306get 0.0038% / 1h51m 38s$4.7M$8.6M50x
ShortStandX UNI-USD8.88900.0100get 0.0013% / 1h51m 38s$15K$3.4M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

StandX 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

Funding earned
$85.19
Price spread: −0.040% → −0.012%
−$2.81
Slippage, 4 orders
−$57.21
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee StandX: 4 bp × 2 orders
−$8
Net
$7.17
Costs to cover
0.752%
Break-even
6.4 days
Slippage from Kraken Futures: live order book, 2 min ago; StandX: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Kraken Futures live order book, 2 min ago2.25 bp12.2 bp −$1214.8 bp −$14838.9 bp −$3,895doesn't fit
Sell StandX live order book, 2 min ago9.56 bp19.1 bp −$1940.4 bp −$404doesn't fitdoesn't fit

UNI on 40 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_UNIUSDlong−0.0306%1h8.8925long leg$4.7M$8.6M50x
01 Exchange UNIUSD−0.0056%1h8.8894−0.035%$444$510xas long as short
Nado UNI-PERP−0.0037%1h8.8900−0.029%$740K$4.7M10xas long as short
gTrade (Gains Network) UNI/USDL +0.0004% / S −0.0007%1h8.8882−0.049%$49K150xas long as short
Polymarket Perps UNI-USD+0.0017%1h8.8838−0.098%$106K$616K10xas long as short
Injective UNI/USDC PERP+0.0033%1h8.8300−0.703%$660$153K12xas long as short
Lighter UNI+0.0096%1h8.9124+0.223%$4.5M$5.5M15xas long as short
Paradex UNI-USD-PERP+0.0100%8h8.8953+0.031%$25K20xas long as short
Hyperliquid UNI+0.0100%1h8.9113+0.211%$94.8M$67.5M10xas long as short
Aster UNIUSDT+0.0100%8h8.8952+0.030%$728K$3.6M50xas long as short
Show all 40 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica UNI+0.0100%1h8.8979+0.061%$285K$590K10xas long as short
Binance UNIUSDT+0.0100%8h8.8890−0.040%$214.7M$657.9M75xas long as short
Bybit UNIUSDT+0.0100%8h8.8870−0.062%$98.4M$111.4M75xas long as short
OKX UNI-USDT-SWAP+0.0100%8h8.8890−0.040%$54.3M$265.1M50xas long as short
Arcus UNI-USD+0.0100%1h8.8980+0.061%$320K$698K10xas long as short
Gate UNI_USDT+0.0100%8h8.8960+0.039%$25.4M$65.8M75xas long as short
MEXC UNI_USDT+0.0100%8h8.8970+0.050%$48.6M$26.1M200xas long as short
KuCoin UNIUSDTM+0.0100%8h8.9040+0.129%$13.0M$13.3M75xas long as short
Bitget UNIUSDT+0.0100%8h8.8910−0.017%$32.6M$45.4M75xas long as short
BingX UNI-USDT+0.0100%8h8.8940+0.016%$57.1Mas long as short
Backpack UNI_USDC_PERP+0.0100%1h8.8979+0.060%$1.1M$2.4M10xas long as short
Variational Omni UNI+0.0100%8h8.8409−0.581%$4.1M$4.3Mas long as short
edgeX UNIUSDC+0.0100%4h8.8786−0.156%$168K$346K20xas long as short
GRVT UNI_USDT_Perp+0.0100%8h8.8728−0.222%$616K$2.7M10xas long as short
ApeX Omni UNIUSDT+0.0100%1h8.8810−0.130%$89K$709K50xas long as short
StandX UNI-USDshort+0.0100%1h8.8890−0.040%$15K$3.4M20x
Orderly PERP_UNI_USDC+0.0100%8h8.8890−0.040%$16K$2.1M10xas long as short
SunX UNI-USDT+0.0100%8h8.8811−0.129%$36K$1.4M30xas long as short
SoDEX UNI-USD+0.0100%1h8.8874−0.058%$32K$888K10xas long as short
HTX UNI-USDT+0.0100%8h8.9104+0.201%$696K$4.8M75xas long as short
Phemex UNIUSDT+0.0100%8h8.8900−0.029%$26.8M$4.5M50xas long as short
Extended UNI-USD+0.0104%1h8.8874−0.058%$289K$1.7M25xas long as short
Aevo UNI-PERP+0.0104%1h8.8880−0.051%$32K3xas long as short
Deribit UNI_USDC-PERPETUAL+0.0111%1h8.8914−0.013%$586K$250K50xas long as short
Coinbase International UNI-PERP-INTX+0.0200%1h8.8950+0.028%$926K$5.5M50xas long as short
BloFin UNI-USDT+0.0220%8h8.8800−0.141%$10.0M$3.6M75xas long as short
Reya UNIRUSDPERP+0.0380%1h8.8807−0.133%$16K20xas long as short
GMX UNI/USD [UNI-USDC]L +0.0381% / S −0.0243%1h8.8888−0.042%$632K120xas long as short
Aftermath Perps UNIUSD+0.0500%1h8.8744−0.204%$1K$53K10xas long as short
dYdX UNI-USD+0.0568%1h8.8989+0.072%$234K$30K10xas long as short