Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0172%/8h= −18.8% APRpaid last 24h −0.043%

Price spread now: SunX against Kraken Futures−0.005%7-day average 0.000% · you buy dearer than you sell

Net, funding: paid 7d − costs−$81as in the Funding arb table

Net, price: spread back to 7d avg − costs−$66as in the Price arb table

costs, in and out, $10k−$650.651% of the position

Long on Kraken Futures Short on SunX

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)+0.016%+$2 · spread now −0.005%, 7d avg 0.000%

Together, before fees−0.141%−$14 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of 0.000%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_UNIUSD	8.9433	0.0272	pay 0.0034% / 1h	17m 26s	$4.9M	$8.1M	50x
Short	SunX UNI-USDT	8.9428	0.0100	get 0.0100% / 8h	3h 17m	$36K	$1.4M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.005%Rate

Funding earned: −$36.14
Price spread: −0.005% → 0.000%: −$0.52
Slippage, 4 orders: −$47.1
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$101.76
Costs to cover: 0.651%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 2 min ago; SunX: live order book, 7 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, 2 min ago	4.48 bp	14.1 bp −$14	18.6 bp −$186	43.5 bp −$4,348	doesn't fit
Sell SunX live order book, 7 min ago	13.83 bp	17.8 bp −$18	35.8 bp −$358	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
01 Exchange UNIUSD	0.0000%	1h	8.9361	−0.080%	$446	$5	10x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0007%	1h	8.9407	−0.029%	$49K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−1.266%	$660	$154K	12x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0069%	1h	8.9457	+0.027%	$573K	$208K	50x	as long as short
Lighter UNI	+0.0096%	1h	8.9461	+0.032%	$4.5M	$5.9M	15x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.9326	−0.119%	$25K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.9325	−0.120%	$934K	$4.5M	10x	as long as short
Hyperliquid UNI	+0.0100%	1h	8.9440	+0.008%	$95.0M	$64.6M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.9420	−0.014%	$781K	$3.6M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.9350	−0.092%	$288K	$612K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance UNIUSDT	+0.0100%	8h	8.9390	−0.048%	$219.5M	$648.3M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	8.9370	−0.070%	$100.2M	$111.7M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	8.9380	−0.059%	$54.3M	$261.6M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.9440	+0.008%	$320K	$664K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.9390	−0.048%	$23.7M	$64.8M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.9380	−0.059%	$47.4M	$26.1M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.9380	−0.059%	$13.2M	$13.3M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.9330	−0.115%	$33.0M	$45.8M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.9370	−0.070%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.9438	+0.006%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	8.9179	−0.283%	$4.2M	$4.2M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.9124	−0.345%	$168K	$345K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.9235	−0.221%	$620K	$2.8M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.9280	−0.171%	$91K	$701K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.9320	−0.126%	$15K	$3.4M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.9379	−0.060%	$87K	$438K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.9370	−0.070%	$16K	$1.4M	10x	as long as short
SunX UNI-USDTshort	+0.0100%	8h	8.9428	−0.005%	$36K	$1.4M	30x
SoDEX UNI-USD	+0.0100%	1h	8.9385	−0.053%	$31K	$811K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.9341	−0.102%	$693K	$4.9M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.9440	+0.008%	$27.1M	$4.4M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.9305	−0.142%	$289K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.9385	−0.053%	$32K	—	3x	as long as short
Coinbase International UNI-PERP-INTX	+0.0216%	1h	8.9360	−0.081%	$927K	$5.8M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.9310	−0.137%	$10.2M	$3.6M	75x	as long as short
dYdX UNI-USD	+0.0246%	1h	8.9352	−0.090%	$235K	$30K	10x	as long as short
Kraken Futures PF_UNIUSDlong	+0.0272%	1h	8.9433	long leg	$4.9M	$8.1M	50x
Reya UNIRUSDPERP	+0.0375%	1h	8.9347	−0.095%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	8.9408	−0.028%	$636K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0742%	1h	8.9408	−0.028%	$861	$45K	10x	as long as short