Funding you earn now, next payment 07:00 UTC−0.0195%/8h= −21.4% APRnext payment −$0.24 per $10,000 · paid last 24h +0.015%
Price spread now: Kraken Futures against dYdX−0.022%85s7-day average +0.047% · you buy dearer than you sell
Net, funding: paid 7d − costs−$122as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1161.163% of the position
Funding, last 7 days−0.055%−$5 on $10k
+Price spread, last 4 days (all we have)+0.240%+$24 · spread now −0.022%, 7d avg +0.047%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Kraken Futures is 0.070% cheaper against dYdX than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.047%). Swap the legs. The two prices were read 85 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.055% in total (about -2.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.24 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | dYdX UNI-USD | 8.9240 | 0.0178 | pay 0.0022% / 1h | 29m 13s | $235K | $31K | 10x |
| Short | Kraken Futures PF_UNIUSD | 8.9220 | −0.0017 | pay 0.0002% / 1h | 29m 13s | $4.7M | $8.7M | 50x |
dYdX UNI-USD
Kraken Futures PF_UNIUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against dYdX. 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
- −$41
- Price spread: −0.022% → +0.047%
- −$6.99
- Slippage, 4 orders
- −$96.26
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$164.25
- Costs to cover
- 1.163%
- Break-even
- never at this rate
Slippage from dYdX: live order book, 15 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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy dYdX live order book, 15 min ago | 38.42 bp | 43.4 bp −$43 | 48.0 bp −$480 | 130.3 bp −$13.0K | 342.8 bp −$171.4K |
| Sell Kraken Futures live order book, 5 min ago | 3.91 bp | 16.9 bp −$17 | 23.7 bp −$237 | 44.5 bp −$4,452 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps UNI-USD | −0.0164% | 1h | 8.9265 | +0.028% | $107K | $618K | 10x | as long as short |
| Kraken Futures PF_UNIUSDshort | −0.0017% | 1h | 8.9220 | −0.022% | $4.7M | $8.7M | 50x | |
| 01 Exchange UNIUSD | −0.0008% | 1h | 8.9284 | +0.049% | $446 | $5 | 10x | as long as short |
| Deribit UNI_USDC-PERPETUAL | 0.0000% | 1h | 8.9238 | −0.003% | $588K | $250K | 50x | as long as short |
| gTrade (Gains Network) UNI/USD | L +0.0004% / S −0.0007% | 1h | 8.9289 | +0.055% | $49K | — | 150x | as long as short |
| Injective UNI/USDC PERP | +0.0033% | 1h | 8.8300 | −1.054% | $660 | $153K | 12x | as long as short |
| Nado UNI-PERP | +0.0083% | 1h | 8.9295 | +0.061% | $739K | $4.7M | 10x | as long as short |
| Lighter UNI | +0.0096% | 1h | 8.9439 | +0.223% | $4.5M | $5.7M | 15x | as long as short |
| Paradex UNI-USD-PERP | +0.0100% | 8h | 8.9303 | +0.071% | $25K | — | 20x | as long as short |
| Aster UNIUSDT | +0.0100% | 8h | 8.9303 | +0.071% | $735K | $3.6M | 50x | as long as short |
Polymarket Perps UNI-USD
01 Exchange UNIUSD
Deribit UNI_USDC-PERPETUAL
gTrade (Gains Network) UNI/USD
Injective UNI/USDC PERP
Nado UNI-PERP
Lighter UNI
Paradex UNI-USD-PERP
Aster UNIUSDTShow all 40 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica UNI | +0.0100% | 1h | 8.9330 | +0.101% | $286K | $590K | 10x | as long as short |
| Binance UNIUSDT | +0.0100% | 8h | 8.9235 | −0.006% | $215.3M | $658.6M | 75x | as long as short |
| Bybit UNIUSDT | +0.0100% | 8h | 8.9210 | −0.034% | $99.1M | $111.9M | 75x | as long as short |
| OKX UNI-USDT-SWAP | +0.0100% | 8h | 8.9180 | −0.067% | $54.2M | $266.0M | 50x | as long as short |
| Arcus UNI-USD | +0.0100% | 1h | 8.9380 | +0.157% | $319K | $698K | 10x | as long as short |
| Gate UNI_USDT | +0.0100% | 8h | 8.9240 | 0.000% | $25.1M | $66.6M | 75x | as long as short |
| MEXC UNI_USDT | +0.0100% | 8h | 8.9230 | −0.011% | $49.1M | $26.6M | 200x | as long as short |
| KuCoin UNIUSDTM | +0.0100% | 8h | 8.9270 | +0.033% | $13.1M | $13.4M | 75x | as long as short |
| Bitget UNIUSDT | +0.0100% | 8h | 8.9160 | −0.090% | $32.6M | $45.4M | 75x | as long as short |
| BingX UNI-USDC | +0.0100% | 8h | 8.9250 | +0.011% | — | $6.5M | — | as long as short |
| Backpack UNI_USDC_PERP | +0.0100% | 1h | 8.9395 | +0.174% | $1.1M | $2.5M | 10x | as long as short |
| Variational Omni UNI | +0.0100% | 8h | 8.9219 | −0.023% | $4.1M | $4.3M | — | as long as short |
| edgeX UNIUSDC | +0.0100% | 4h | 8.9187 | −0.059% | $169K | $347K | 20x | as long as short |
| GRVT UNI_USDT_Perp | +0.0100% | 8h | 8.9259 | +0.021% | $630K | $2.7M | 10x | as long as short |
| ApeX Omni UNIUSDT | +0.0100% | 1h | 8.9420 | +0.202% | $90K | $709K | 50x | as long as short |
| StandX UNI-USD | +0.0100% | 1h | 8.9290 | +0.056% | $15K | $3.5M | 20x | as long as short |
| Orderly PERP_UNI_USDC | +0.0100% | 8h | 8.9220 | −0.023% | $16K | $1.9M | 10x | as long as short |
| SunX UNI-USDT | +0.0100% | 8h | 8.9289 | +0.055% | $36K | $1.4M | 30x | as long as short |
| SoDEX UNI-USD | +0.0100% | 1h | 8.9160 | −0.090% | $32K | $886K | 10x | as long as short |
| HTX UNI-USDT | +0.0100% | 8h | 8.9416 | +0.197% | $699K | $4.8M | 75x | as long as short |
| Phemex UNIUSDT | +0.0100% | 8h | 8.9230 | −0.011% | $26.9M | $4.5M | 50x | as long as short |
| Extended UNI-USD | +0.0104% | 1h | 8.9134 | −0.119% | $294K | $1.7M | 25x | as long as short |
| Aevo UNI-PERP | +0.0104% | 1h | 8.9202 | −0.043% | $32K | — | 3x | as long as short |
| dYdX UNI-USDlong | +0.0178% | 1h | 8.9240 | long leg | $235K | $31K | 10x | |
| Coinbase International UNI-PERP-INTX | +0.0192% | 1h | 8.9270 | +0.033% | $930K | $5.5M | 50x | as long as short |
| BloFin UNI-USDT | +0.0220% | 8h | 8.9230 | −0.011% | $10.0M | $3.6M | 75x | as long as short |
| Hyperliquid UNI | +0.0232% | 1h | 8.9372 | +0.148% | $95.0M | $67.7M | 10x | as long as short |
| Reya UNIRUSDPERP | +0.0379% | 1h | 8.9148 | −0.104% | $16K | — | 20x | as long as short |
| GMX UNI/USD [UNI-USDC] | L +0.0381% / S −0.0243% | 1h | 8.9281 | +0.045% | $635K | — | 120x | as long as short |
| Aftermath Perps UNIUSD | +0.0484% | 1h | 8.9285 | +0.050% | $944 | $53K | 10x | as long as short |
Pacifica UNI
Binance UNIUSDT
Bybit UNIUSDT
OKX UNI-USDT-SWAP
Arcus UNI-USD
Gate UNI_USDT
MEXC UNI_USDT
KuCoin UNIUSDTM
Bitget UNIUSDT
BingX UNI-USDC
Backpack UNI_USDC_PERP
Variational Omni UNI
edgeX UNIUSDC
GRVT UNI_USDT_Perp
ApeX Omni UNIUSDT
StandX UNI-USD
Orderly PERP_UNI_USDC
SunX UNI-USDT
SoDEX UNI-USD
HTX UNI-USDT
Phemex UNIUSDT
Extended UNI-USD
Aevo UNI-PERP
Coinbase International UNI-PERP-INTX
BloFin UNI-USDT
Hyperliquid UNI
Reya UNIRUSDPERP
GMX UNI/USD [UNI-USDC]
Aftermath Perps UNIUSD