UNI

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0170%/8h= −18.6% APRnext payment −$0.21 per $10,000 · paid last 24h −0.032%

Price spread now: ApeX Omni against Kraken Futures+0.496%75s7-day average +0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs−$66as 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−$510.507% of the position

Long on Kraken Futures Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.154%−$15 on $10k

Price spread, last 4 days (all we have)−1.080%−$108 · spread now +0.496%, 7d avg +0.008%

Together, before fees−1.234%−$123 on $10k · with fees, hour by hour

The price spread pays, funding is against you. ApeX Omni is 0.488% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.496% now, against its 7-day average of +0.008%): +$49 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 9.6 days. At the pace of the last 7 days (−0.154% in total) that is about 22 days. The two prices were read 75 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_UNIUSD	9.1028	0.0270	pay 0.0034% / 1h	4m 17s	$5.1M	$7.7M	50x
Short	ApeX Omni UNIUSDT	9.1480	0.0100	get 0.0013% / 1h	4m 17s	$89K	$695K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Kraken Futures. 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 Kraken FuturesbpFee ApeX OmnibpOrdersPrice spread, now +0.496%Rate

Funding earned: −$35.6
Price spread: +0.496% → +0.008%: $48.82
Slippage, 4 orders: −$30.7
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$37.48
Costs to cover: 0.507%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 5 min ago; ApeX Omni: live order book, 59 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 Kraken Futures live order book, 5 min ago	3.82 bp	14.6 bp −$15	22.0 bp −$220	52.2 bp −$5,221	doesn't fit
Sell ApeX Omni live order book, 59 min ago	5.98 bp	13.2 bp −$13	100.7 bp −$1,007	doesn't fit	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	9.0957	−0.078%	$37K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−2.997%	$660	$154K	12x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0052%	1h	9.0944	−0.092%	$582K	$193K	50x	as long as short
01 Exchange UNIUSD	+0.0056%	1h	9.0977	−0.056%	$454	$5	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.0895	−0.147%	$939K	$4.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.1013	−0.017%	$1.0M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.0983	−0.050%	$296K	$580K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.0950	−0.086%	$225.2M	$624.8M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.0890	−0.152%	$102.2M	$110.5M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.0880	−0.163%	$55.9M	$257.4M	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	+0.002%	$288K	$618K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.0930	−0.108%	$23.2M	$62.4M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0930	−0.108%	$49.1M	$25.4M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0930	−0.108%	$13.7M	$13.0M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0940	−0.097%	$33.4M	$43.7M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.0930	−0.108%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.1143	+0.126%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.0827	−0.221%	$4.3M	$4.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.1073	+0.049%	$172K	$344K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.1500	+0.518%	$637K	$2.7M	10x	as long as short
ApeX Omni UNIUSDTshort	+0.0100%	1h	9.1480	+0.496%	$89K	$695K	50x
StandX UNI-USD	+0.0100%	1h	9.1110	+0.090%	$36K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.0959	−0.076%	$87K	$421K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.0900	−0.141%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.1017	−0.013%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.0940	−0.097%	$22K	$790K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.1116	+0.096%	$704K	$4.5M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.1090	+0.068%	$27.5M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.0925	−0.114%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0852	−0.194%	$303K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0943	−0.094%	$32K	—	3x	as long as short
dYdX UNI-USD	+0.0119%	1h	9.0962	−0.073%	$239K	$32K	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.1070	+0.046%	$10.4M	$3.6M	75x	as long as short
Kraken Futures PF_UNIUSDlong	+0.0270%	1h	9.1028	long leg	$5.1M	$7.7M	50x
Coinbase International UNI-PERP-INTX	+0.0296%	1h	9.0980	−0.053%	$1.1M	$5.4M	50x	as long as short
Reya UNIRUSDPERP	+0.0371%	1h	9.0866	−0.178%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.0939	−0.098%	$647K	—	120x	as long as short
Hyperliquid UNI	+0.0546%	1h	9.1049	+0.023%	$99.3M	$61.7M	10x	as long as short
Lighter UNI	+0.0568%	1h	9.1082	+0.059%	$4.6M	$5.8M	15x	as long as short
Aftermath Perps UNIUSD	+0.1029%	1h	9.1375	+0.381%	$954	$47K	10x	as long as short