Funding you earn now, next payment 11:00 UTC+0.0031%/8h= +3.4% APRpaid last 24h +0.017%
Price spread now: Kraken Futures against Phemex+0.023%7-day average +0.031% · you sell dearer than you buy
Net, funding: paid 7d − costs−$37as in the Funding arb table
Net, price: spread back to 7d avg − costs−$58as in the Price arb table
costs, in and out, $10k−$570.575% of the position
Funding, last 7 days+0.203%+$20 on $10k
+Price spread, last 4 days (all we have)+0.055%+$5 · spread now +0.023%, 7d avg +0.031%
=The price spread sits at its 7-day average of +0.031%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex UNIUSDT | 8.7910 | 0.0100 | pay 0.0100% / 8h | 5h 46m | $26.5M | $4.5M | 50x |
| Short | Kraken Futures PF_UNIUSD | 8.7930 | 0.0131 | get 0.0016% / 1h | 46m 23s | $4.7M | $7.6M | 50x |
Phemex UNIUSDT
Kraken Futures PF_UNIUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Phemex. 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
- $6.61
- Price spread: +0.023% → +0.031%
- −$0.87
- Slippage, 4 orders
- −$35.48
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$51.74
- Costs to cover
- 0.575%
- Break-even
- 61.8 days
Slippage from Phemex: live order book, 6 min ago; Kraken Futures: live order book, 6 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 Phemex live order book, 6 min ago | 1.70 bp | 12.7 bp −$13 | 19.9 bp −$199 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 6 min ago | 2.84 bp | 13.0 bp −$13 | 18.2 bp −$182 | 34.4 bp −$3,444 | doesn't fit |
UNI on 40 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) UNI/USD | L +0.0004% / S −0.0005% | 1h | 8.7891 | −0.022% | $76K | — | 150x | as long as short |
| Nado UNI-PERP | +0.0028% | 1h | 8.7835 | −0.085% | $710K | $3.9M | 10x | as long as short |
| Injective UNI/USDC PERP | +0.0033% | 1h | 8.8300 | +0.444% | $660 | $147K | 12x | as long as short |
| Deribit UNI_USDC-PERPETUAL | +0.0041% | 1h | 8.7940 | +0.034% | $582K | $216K | 50x | as long as short |
| Lighter UNI | +0.0096% | 1h | 8.7985 | +0.085% | $4.4M | $4.8M | 15x | as long as short |
| 01 Exchange UNIUSD | +0.0096% | 1h | 8.7924 | +0.016% | $439 | $56 | 10x | as long as short |
| Paradex UNI-USD-PERP | +0.0100% | 8h | 8.7822 | −0.100% | $25K | — | 20x | as long as short |
| Aster UNIUSDT | +0.0100% | 8h | 8.7938 | +0.031% | $739K | $2.4M | 50x | as long as short |
| Pacifica UNI | +0.0100% | 1h | 8.7870 | −0.046% | $287K | $460K | 10x | as long as short |
| Binance UNIUSDT | +0.0100% | 8h | 8.7890 | −0.023% | $213.4M | $565.3M | 75x | as long as short |
gTrade (Gains Network) UNI/USD
Nado UNI-PERP
Injective UNI/USDC PERP
Deribit UNI_USDC-PERPETUAL
Lighter UNI
01 Exchange UNIUSD
Paradex UNI-USD-PERP
Aster UNIUSDT
Pacifica UNI
Binance UNIUSDTShow all 40 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit UNIUSDT | +0.0100% | 8h | 8.7860 | −0.057% | $97.2M | $96.9M | 75x | as long as short |
| OKX UNI-USDT-SWAP | +0.0100% | 8h | 8.7870 | −0.046% | $54.3M | $225.1M | 50x | as long as short |
| Arcus UNI-USD | +0.0100% | 1h | 8.7960 | +0.057% | $323K | $515K | 10x | as long as short |
| Gate UNI_USDT | +0.0100% | 8h | 8.7910 | 0.000% | $27.6M | $55.0M | 75x | as long as short |
| MEXC UNI_USDT | +0.0100% | 8h | 8.7880 | −0.034% | $46.0M | $20.5M | 200x | as long as short |
| KuCoin UNIUSDTM | +0.0100% | 8h | 8.7900 | −0.011% | $12.8M | $11.1M | 75x | as long as short |
| Bitget UNIUSDT | +0.0100% | 8h | 8.7860 | −0.057% | $32.7M | $41.9M | 75x | as long as short |
| BingX UNI-USDT | +0.0100% | 8h | 8.7890 | −0.023% | — | $50.1M | — | as long as short |
| Backpack UNI_USDC_PERP | +0.0100% | 1h | 8.7945 | +0.040% | $1.1M | $2.2M | 10x | as long as short |
| Variational Omni UNI | +0.0100% | 8h | 8.7993 | +0.094% | $4.1M | $2.7M | — | as long as short |
| edgeX UNIUSDC | +0.0100% | 4h | 8.8017 | +0.122% | $166K | $346K | 20x | as long as short |
| GRVT UNI_USDT_Perp | +0.0100% | 8h | 8.8020 | +0.125% | $617K | $2.2M | 10x | as long as short |
| ApeX Omni UNIUSDT | +0.0100% | 1h | 8.8070 | +0.182% | $89K | $713K | 50x | as long as short |
| StandX UNI-USD | +0.0100% | 1h | 8.7930 | +0.023% | $93K | $3.5M | 20x | as long as short |
| Polymarket Perps UNI-USD | +0.0100% | 1h | 8.7884 | −0.030% | $105K | $574K | 10x | as long as short |
| Orderly PERP_UNI_USDC | +0.0100% | 8h | 8.7880 | −0.034% | $16K | $2.5M | 10x | as long as short |
| SunX UNI-USDT | +0.0100% | 8h | 8.7901 | −0.010% | $36K | $1.1M | 30x | as long as short |
| SoDEX UNI-USD | +0.0100% | 1h | 8.7886 | −0.027% | $32K | $725K | 10x | as long as short |
| HTX UNI-USDT | +0.0100% | 8h | 8.8062 | +0.173% | $703K | $4.0M | 75x | as long as short |
| Phemex UNIUSDTlong | +0.0100% | 8h | 8.7910 | long leg | $26.5M | $4.5M | 50x | |
| Extended UNI-USD | +0.0104% | 1h | 8.7851 | −0.067% | $296K | $1.7M | 25x | as long as short |
| Aevo UNI-PERP | +0.0104% | 1h | 8.7900 | −0.011% | $31K | — | 3x | as long as short |
| Kraken Futures PF_UNIUSDshort | +0.0131% | 1h | 8.7930 | +0.023% | $4.7M | $7.6M | 50x | |
| Hyperliquid UNI | +0.0154% | 1h | 8.8005 | +0.108% | $94.7M | $60.7M | 10x | as long as short |
| BloFin UNI-USDT | +0.0220% | 8h | 8.7870 | −0.046% | $9.9M | $3.4M | 75x | as long as short |
| Coinbase International UNI-PERP-INTX | +0.0240% | 1h | 8.7910 | 0.000% | $918K | $4.3M | 50x | as long as short |
| GMX UNI/USD [UNI-USDC] | L +0.0381% / S −0.0244% | 1h | 8.7911 | +0.001% | $625K | — | 120x | as long as short |
| Reya UNIRUSDPERP | +0.0386% | 1h | 8.7855 | −0.063% | $16K | — | 20x | as long as short |
| Aftermath Perps UNIUSD | +0.0573% | 1h | 8.8083 | +0.197% | $1K | $49K | 10x | as long as short |
| dYdX UNI-USD | +0.0700% | 1h | 8.7914 | +0.004% | $230K | $32K | 10x | as long as short |
Bybit UNIUSDT
OKX UNI-USDT-SWAP
Arcus UNI-USD
Gate UNI_USDT
MEXC UNI_USDT
KuCoin UNIUSDTM
Bitget UNIUSDT
BingX UNI-USDT
Backpack UNI_USDC_PERP
Variational Omni UNI
edgeX UNIUSDC
GRVT UNI_USDT_Perp
ApeX Omni UNIUSDT
StandX UNI-USD
Polymarket Perps UNI-USD
Orderly PERP_UNI_USDC
SunX UNI-USDT
SoDEX UNI-USD
HTX UNI-USDT
Extended UNI-USD
Aevo UNI-PERP
Hyperliquid UNI
BloFin UNI-USDT
Coinbase International UNI-PERP-INTX
GMX UNI/USD [UNI-USDC]
Reya UNIRUSDPERP
Aftermath Perps UNIUSD
dYdX UNI-USD