Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0031%/8h= +3.4% APRpaid last 24h +0.022%

Price spread now: Kraken Futures against Gate+0.054%7-day average +0.059% · you sell dearer than you buy

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

costs, in and out, $10k−$530.526% of the position

Long on Gate Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.240%+$24 on $10k

Price spread, last 4 days (all we have)+0.420%+$42 · spread now +0.054%, 7d avg +0.059%

Together, before fees+0.661%+$66 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.059%, 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	Gate UNI_USDT	8.8290	0.0100	pay 0.0100% / 8h	5h 54m	$27.8M	$54.7M	75x
Short	Kraken Futures PF_UNIUSD	8.8337	0.0131	get 0.0016% / 1h	54m 58s	$4.7M	$7.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Gate. 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

Position, each leg$Hold fordaysFee GatebpFee Kraken FuturesbpOrdersPrice spread, now +0.054%Rate

Funding earned: $6.49
Price spread: +0.054% → +0.059%: −$0.54
Slippage, 4 orders: −$27.57
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$46.62
Costs to cover: 0.526%
Break-even: 57.3 days

Slippage from Gate: live order book, 2 min ago; Kraken Futures: live order book, 2 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 Gate live order book, 2 min ago	0.57 bp	13.8 bp −$14	21.7 bp −$217	58.6 bp −$5,865	106.7 bp −$53.4K
Sell Kraken Futures live order book, 2 min ago	0.56 bp	12.1 bp −$12	18.6 bp −$186	42.8 bp −$4,283	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
Deribit UNI_USDC-PERPETUAL	0.0000%	1h	8.8336	+0.052%	$584K	$217K	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0005%	1h	8.8410	+0.136%	$76K	—	150x	as long as short
Nado UNI-PERP	+0.0026%	1h	8.8310	+0.023%	$704K	$3.9M	10x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	+0.011%	$660	$147K	12x	as long as short
Lighter UNI	+0.0096%	1h	8.8411	+0.137%	$4.4M	$4.8M	15x	as long as short
01 Exchange UNIUSD	+0.0096%	1h	8.8352	+0.070%	$441	$56	10x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8311	+0.024%	$25K	—	20x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.8329	+0.044%	$742K	$2.4M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.8360	+0.079%	$287K	$467K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.8280	−0.011%	$214.2M	$569.0M	75x	as long as short

Show all 40 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit UNIUSDT	+0.0100%	8h	8.8250	−0.045%	$97.6M	$97.4M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	8.8260	−0.034%	$54.6M	$228.1M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.8420	+0.147%	$324K	$525K	10x	as long as short
Gate UNI_USDTlong	+0.0100%	8h	8.8290	long leg	$27.8M	$54.7M	75x
MEXC UNI_USDT	+0.0100%	8h	8.8280	−0.011%	$46.1M	$20.4M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.8300	+0.011%	$12.9M	$11.2M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8240	−0.057%	$32.9M	$42.4M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.8270	−0.023%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8357	+0.076%	$1.1M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	8.8262	−0.031%	$4.1M	$2.7M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8372	+0.092%	$167K	$344K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8402	+0.127%	$617K	$2.3M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8490	+0.227%	$89K	$712K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8330	+0.045%	$93K	$3.5M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.8322	+0.036%	$105K	$574K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8290	0.000%	$16K	$2.5M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.8390	+0.113%	$36K	$1.2M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.8260	−0.034%	$32K	$724K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.8424	+0.152%	$698K	$4.0M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8270	−0.023%	$26.6M	$4.5M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8241	−0.056%	$299K	$1.7M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8300	+0.011%	$31K	—	3x	as long as short
Kraken Futures PF_UNIUSDshort	+0.0131%	1h	8.8337	+0.054%	$4.7M	$7.7M	50x
Hyperliquid UNI	+0.0214%	1h	8.8410	+0.136%	$95.1M	$61.7M	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.8290	0.000%	$10.0M	$3.4M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0240%	1h	8.8470	+0.204%	$924K	$4.4M	50x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	8.8287	−0.004%	$628K	—	120x	as long as short
Reya UNIRUSDPERP	+0.0386%	1h	8.8280	−0.011%	$16K	—	20x	as long as short
Aftermath Perps UNIUSD	+0.0575%	1h	8.8424	+0.152%	$1K	$49K	10x	as long as short
dYdX UNI-USD	+0.0713%	1h	8.8348	+0.066%	$231K	$32K	10x	as long as short