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Funding arb · Price arb /

UNI

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 00:00 UTC+0.0463%/8h= +50.7% APRpaid last 24h +0.031%
Price spread now: Kraken Futures against KuCoin+0.039%7-day average +0.063% · you sell dearer than you buy
Net, funding: paid 7d − costs−$44as in the Funding arb table
Net, price: spread back to 7d avg − costs−$65as in the Price arb table
costs, in and out, $10k−$620.621% of the position
Long on KuCoinShort on Kraken Futures
What this pair did over the last
the charts below follow
Funding, last 7 days+0.182%+$18 on $10k
Price spread, last 3 days (all we have)+0.258%+$26 · spread now +0.039%, 7d avg +0.063%
Together, before fees+0.440%+$44 on $10k · with fees, hour by hour
Funding pays, the price is against you. Kraken Futures is 0.024% cheaper against KuCoin than usual: you would sell low and buy high (spread +0.039% now, against its 7-day average of +0.063%). If the spread goes back, that is −$2 on $10k: about 4 hours of funding at the current rate (+$14 a day). At the pace of the last 7 days (+0.182% in total) that is about 22 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.182% in total (about 9.5% 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin UNIUSDTM8.98600.0100pay 0.0100% / 8h14m 06s$13.7M$13.5M75x
ShortKraken Futures PF_UNIUSD8.98950.0563get 0.0070% / 1h14m 06s$5.0M$7.0M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures against KuCoin. 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
$97.23
Price spread: +0.039% → +0.063%
−$2.43
Slippage, 4 orders
−$40.14
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
$32.66
Costs to cover
0.621%
Break-even
4.6 days
Slippage from KuCoin: live order book, 5 min ago; Kraken Futures: live order book, 5 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 KuCoin live order book, 5 min ago1.66 bp21.7 bp −$2228.1 bp −$28159.3 bp −$5,929doesn't fit
Sell Kraken Futures live order book, 5 min ago2.22 bp10.8 bp −$1113.3 bp −$13339.7 bp −$3,970doesn'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
Injective UNI/USDC PERP−0.0049%1h8.8300−1.736%$660$155K12xas long as short
gTrade (Gains Network) UNI/USDL +0.0004% / S −0.0004%1h8.9881+0.023%$62K—150xas long as short
Variational Omni UNI+0.0072%8h8.9762−0.109%$4.1M$4.4M—as long as short
OKX UNI-USDT-SWAP+0.0090%8h8.9800−0.067%$54.9M$249.6M50xas long as short
Nado UNI-PERP+0.0100%1h8.9805−0.061%$952K$4.2M10xas long as short
Aster UNIUSDT+0.0100%8h8.9890+0.034%$1.0M$3.3M50xas long as short
Pacifica UNI+0.0100%1h8.9846−0.015%$297K$591K10xas long as short
Binance UNIUSDT+0.0100%8h8.9840−0.022%$222.6M$590.4M75xas long as short
Bybit UNIUSDT+0.0100%8h8.9800−0.067%$101.7M$105.3M75xas long as short
Arcus UNI-USD+0.0100%1h8.9890+0.033%$270K$614K10xas long as short
Show all 40 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate UNI_USDT+0.0100%8h8.9830−0.033%$23.0M$59.0M75xas long as short
MEXC UNI_USDT+0.0100%8h8.9830−0.033%$43.8M$24.1M200xas long as short
KuCoin UNIUSDTMlong+0.0100%8h8.9860long leg$13.7M$13.5M75x
Bitget UNIUSDT+0.0100%8h8.9810−0.056%$32.8M$42.1M75xas long as short
BingX UNI-USDT+0.0100%8h8.9810−0.056%—$52.0M—as long as short
Backpack UNI_USDC_PERP+0.0100%1h8.9890+0.033%$1.1M$2.4M10xas long as short
edgeX UNIUSDC+0.0100%4h8.9893+0.037%$169K$345K20xas long as short
GRVT UNI_USDT_Perp+0.0100%8h8.9858−0.002%$628K$2.5M10xas long as short
ApeX Omni UNIUSDT+0.0100%1h8.9820−0.045%$88K$710K50xas long as short
StandX UNI-USD+0.0100%1h8.9900+0.045%$36K$3.3M20xas long as short
Polymarket Perps UNI-USD+0.0100%1h8.9858−0.002%$85K$364K10xas long as short
Orderly PERP_UNI_USDC+0.0100%8h8.9870+0.011%$16K$1.7M10xas long as short
SunX UNI-USDT+0.0100%8h8.9944+0.093%$37K$1.3M30xas long as short
SoDEX UNI-USD+0.0100%1h8.9854−0.007%$21K$676K10xas long as short
HTX UNI-USDT+0.0100%8h8.9890+0.033%$719K$4.3M75xas long as short
Phemex UNIUSDT+0.0100%8h8.9840−0.022%$27.1M$4.5M50xas long as short
Paradex UNI-USD-PERP+0.0100%8h8.9805−0.062%$26K—20xas long as short
Extended UNI-USD+0.0104%1h8.9818−0.046%$303K$1.5M25xas long as short
Aevo UNI-PERP+0.0104%1h8.9896+0.040%$32K$1K3xas long as short
Deribit UNI_USDC-PERPETUAL+0.0153%1h8.9917+0.064%$579K$176K50xas long as short
01 Exchange UNIUSD+0.0168%1h8.9848−0.013%$448—10xas long as short
BloFin UNI-USDT+0.0220%8h8.9880+0.022%$10.0M$3.5M75xas long as short
Coinbase International UNI-PERP-INTX+0.0232%1h8.9930+0.078%$1.1M$5.4M50xas long as short
dYdX UNI-USD+0.0282%1h8.9842−0.020%$249K$6K10xas long as short
Reya UNIRUSDPERP+0.0364%1h8.9802−0.065%$16K—20xas long as short
GMX UNI/USD [UNI-USDC]L +0.0382% / S −0.0323%1h8.9880+0.022%$569K—120xas long as short
Hyperliquid UNI+0.0493%1h8.9944+0.093%$98.9M$59.3M10xas long as short
Kraken Futures PF_UNIUSDshort+0.0563%1h8.9895+0.039%$5.0M$7.0M50x
Aftermath Perps UNIUSD+0.0868%1h8.9957+0.108%$1K$49K10xas long as short
Lighter UNI+0.0888%1h9.0029+0.188%$4.6M$5.3M15xas long as short