Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0169%/8h= +18.5% APRpaid last 24h +0.062%

Price spread now: Kraken Futures against Variational Omni+0.290%7-day average +0.092% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.243%+$24 on $10k

Price spread, last 4 days (all we have)+0.553%+$55 · spread now +0.290%, 7d avg +0.092%

Together, before fees+0.796%+ Points / potential airdropVariational Omni: Active · farm board+$80 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Kraken Futures is 0.199% dearer against Variational Omni than usual: you sell high and buy low: +$20 more if the spread goes back to its 7-day average of +0.092%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni UNI	9.0827	0.0100	pay 0.0100% / 8h	5h 04m	$4.3M	$4.3M	—
Short	Kraken Futures PF_UNIUSD	9.1091	0.0269	get 0.0034% / 1h	4m 24s	$5.1M	$7.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpFee Kraken FuturesbpOrdersPrice spread, now +0.290%Rate

Funding earned: $35.56
Price spread: +0.290% → +0.092%: $19.87
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $45.43
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 5 min ago; Kraken Futures: live order book, 5 min ago. 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 Variational Omni RFQ quote, 5 min ago	3.25 bp	doesn't fit	15.4 bp −$154	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 5 min ago	3.82 bp	8.8 bp −$9	10.1 bp −$101	38.0 bp −$3,802	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
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	9.1046	+0.241%	$37K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−2.783%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0056%	1h	9.0977	+0.165%	$454	$5	10x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0088%	1h	9.1055	+0.251%	$583K	$193K	50x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.0895	+0.075%	$939K	$4.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.1100	+0.300%	$1.0M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.0983	+0.171%	$296K	$580K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.0938	+0.122%	$225.2M	$624.8M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.0870	+0.047%	$102.2M	$110.5M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.0870	+0.047%	$55.9M	$257.3M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus UNI-USD	+0.0100%	1h	9.1030	+0.223%	$288K	$618K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.0930	+0.113%	$23.2M	$62.4M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0930	+0.113%	$49.1M	$25.4M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0930	+0.113%	$13.7M	$13.0M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0850	+0.025%	$33.4M	$43.7M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.0950	+0.135%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.1143	+0.348%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNIlong	+0.0100%	8h	9.0827	long leg	$4.3M	$4.3M	—
edgeX UNIUSDC	+0.0100%	4h	9.1073	+0.271%	$172K	$344K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.1500	+0.741%	$637K	$2.7M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.1480	+0.719%	$89K	$695K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.1110	+0.311%	$36K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.0959	+0.145%	$87K	$421K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.1010	+0.201%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.1177	+0.385%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.1022	+0.214%	$22K	$790K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.1018	+0.210%	$713K	$4.5M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.1070	+0.267%	$27.5M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.0925	+0.107%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0877	+0.055%	$303K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.1012	+0.204%	$32K	—	3x	as long as short
dYdX UNI-USD	+0.0119%	1h	9.0962	+0.148%	$239K	$32K	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.1070	+0.267%	$10.4M	$3.6M	75x	as long as short
Kraken Futures PF_UNIUSDshort	+0.0269%	1h	9.1091	+0.290%	$5.1M	$7.7M	50x
Coinbase International UNI-PERP-INTX	+0.0296%	1h	9.1150	+0.355%	$1.1M	$5.4M	50x	as long as short
Reya UNIRUSDPERP	+0.0371%	1h	9.0866	+0.043%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.1017	+0.208%	$648K	—	120x	as long as short
Hyperliquid UNI	+0.0546%	1h	9.1049	+0.244%	$99.3M	$61.7M	10x	as long as short
Lighter UNI	+0.0568%	1h	9.1082	+0.280%	$4.6M	$5.8M	15x	as long as short
Aftermath Perps UNIUSD	+0.1029%	1h	9.1375	+0.603%	$954	$47K	10x	as long as short