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Funding arb · Price arb /

UNI

all UNI markets
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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 05:00 UTC+0.0119%/8h= +13.1% APRnext payment +$0.15 per $10,000 · paid last 24h +0.043%
Price spread now: Kraken Futures against Deribit−0.047%7-day average +0.007% · you buy dearer than you sell
Net, funding: paid 7d − costs−$26as in the Funding arb table
Net, price: spread back to 7d avg − costs−$57as in the Price arb table
costs, in and out, $10k−$520.518% of the position
Long on DeribitShort on Kraken Futures
What this pair did over the last
the charts below follow
Funding, last 7 days+0.262%+$26 on $10k
Price spread, last 4 days (all we have)+0.083%+$8 · spread now −0.047%, 7d avg +0.007%
Together, before fees+0.345%+$35 on $10k · with fees, hour by hour
Funding pays, the price is against you. Kraken Futures is 0.054% cheaper against Deribit than usual: you would sell low and buy high (spread −0.047% now, against its 7-day average of +0.007%). If the spread goes back, that is −$5 on $10k: about 36 hours of funding at the current rate (+$4 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDeribit UNI_USDC-PERPETUAL8.94230.0153pay 0.0019% / 1h19m 37s$573K$208K50x
ShortKraken Futures PF_UNIUSD8.93810.0272get 0.0034% / 1h19m 37s$4.9M$8.1M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures against Deribit. 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
$25.04
Price spread: −0.047% → +0.007%
−$5.4
Slippage, 4 orders
−$34.77
Fee Deribit: 3.5 bp × 2 orders
−$7
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
−$32.12
Costs to cover
0.518%
Break-even
16.0 days
Slippage from Deribit: live order book, 34 min ago; Kraken Futures: live order book, 4 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 Deribit live order book, 34 min ago5.69 bp10.9 bp −$1118.6 bp −$186doesn't fitdoesn't fit
Sell Kraken Futures live order book, 4 min ago3.92 bp13.0 bp −$1316.3 bp −$16341.5 bp −$4,154doesn'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
01 Exchange UNIUSD0.0000%1h8.9315−0.121%$446$510xas long as short
gTrade (Gains Network) UNI/USDL +0.0004% / S −0.0007%1h8.9377−0.052%$49K—150xas long as short
Injective UNI/USDC PERP+0.0033%1h8.8300−1.256%$660$154K12xas long as short
Lighter UNI+0.0096%1h8.9343−0.089%$4.5M$5.9M15xas long as short
Paradex UNI-USD-PERP+0.0100%8h8.9221−0.225%$25K—20xas long as short
Nado UNI-PERP+0.0100%1h8.9275−0.165%$940K$4.5M10xas long as short
Hyperliquid UNI+0.0100%1h8.9353−0.078%$94.9M$64.6M10xas long as short
Aster UNIUSDT+0.0100%8h8.9332−0.102%$780K$3.6M50xas long as short
Pacifica UNI+0.0100%1h8.9260−0.182%$288K$612K10xas long as short
Binance UNIUSDT+0.0100%8h8.9280−0.160%$219.2M$647.9M75xas long as short
Show all 40 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit UNIUSDT+0.0100%8h8.9280−0.160%$100.1M$111.7M75xas long as short
OKX UNI-USDT-SWAP+0.0100%8h8.9290−0.149%$54.2M$261.3M50xas long as short
Arcus UNI-USD+0.0100%1h8.9380−0.048%$320K$664K10xas long as short
Gate UNI_USDT+0.0100%8h8.9270−0.171%$23.8M$64.6M75xas long as short
MEXC UNI_USDT+0.0100%8h8.9230−0.216%$47.4M$26.1M200xas long as short
KuCoin UNIUSDTM+0.0100%8h8.9240−0.205%$13.2M$13.3M75xas long as short
Bitget UNIUSDT+0.0100%8h8.9270−0.171%$32.9M$45.8M75xas long as short
BingX UNI-USDT+0.0100%8h8.9240−0.205%—$56.7M—as long as short
Backpack UNI_USDC_PERP+0.0100%1h8.9308−0.128%$1.0M$2.3M10xas long as short
Variational Omni UNI+0.0100%8h8.9179−0.272%$4.2M$4.2M—as long as short
edgeX UNIUSDC+0.0100%4h8.9124−0.334%$168K$345K20xas long as short
GRVT UNI_USDT_Perp+0.0100%8h8.9235−0.210%$620K$2.8M10xas long as short
ApeX Omni UNIUSDT+0.0100%1h8.9340−0.093%$91K$701K50xas long as short
StandX UNI-USD+0.0100%1h8.9330−0.104%$15K$3.4M20xas long as short
Polymarket Perps UNI-USD+0.0100%1h8.9304−0.133%$87K$438K10xas long as short
Orderly PERP_UNI_USDC+0.0100%8h8.9380−0.048%$16K$1.4M10xas long as short
SunX UNI-USDT+0.0100%8h8.9406−0.019%$36K$1.4M30xas long as short
SoDEX UNI-USD+0.0100%1h8.9320−0.115%$31K$811K10xas long as short
HTX UNI-USDT+0.0100%8h8.9500+0.086%$694K$4.9M75xas long as short
Phemex UNIUSDT+0.0100%8h8.9280−0.160%$27.0M$4.4M50xas long as short
Extended UNI-USD+0.0104%1h8.9246−0.198%$289K$1.6M25xas long as short
Aevo UNI-PERP+0.0104%1h8.9337−0.096%$32K—3xas long as short
Deribit UNI_USDC-PERPETUALlong+0.0153%1h8.9423long leg$573K$208K50x
Coinbase International UNI-PERP-INTX+0.0216%1h8.9440+0.019%$929K$5.8M50xas long as short
BloFin UNI-USDT+0.0220%8h8.9170−0.283%$10.2M$3.6M75xas long as short
dYdX UNI-USD+0.0256%1h8.9244−0.200%$235K$30K10xas long as short
Kraken Futures PF_UNIUSDshort+0.0272%1h8.9381−0.047%$4.9M$8.1M50x
Reya UNIRUSDPERP+0.0375%1h8.9272−0.168%$16K—20xas long as short
GMX UNI/USD [UNI-USDC]L +0.0381% / S −0.0244%1h8.9375−0.054%$636K—120xas long as short
Aftermath Perps UNIUSD+0.0766%1h8.9428+0.006%$960$45K10xas long as short