Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0124%/8h= −13.6% APRpaid last 24h +0.011%

Price spread now: BloFin against Kraken Futures−0.229%57s7-day average −0.029% · you buy dearer than you sell

Net, funding: paid 7d − costs−$44as 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−$510.513% of the position

Long on Kraken Futures Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.070%+$7 on $10k

Price spread, last 3 days (all we have)+0.045%+$4 · spread now −0.229%, 7d avg −0.029%

Together, before fees+0.114%+$11 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and BloFin is 0.199% cheaper against Kraken Futures than usual: you would sell low and buy high (−$20 if the spread goes back to its 7-day average of −0.029%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.070%, so the current rate has only just turned against you. The two prices were read 57 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	8.8001	0.0344	pay 0.0043% / 1h	45m 45s	$4.9M	$7.3M	50x
Short	BloFin UNI-USDT	8.7800	0.0220	get 0.0220% / 8h	1h 45m	$9.8M	$3.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.229%Rate

Funding earned: −$26.04
Price spread: −0.229% → −0.029%: −$19.93
Slippage, 4 orders: −$29.34
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$97.3
Costs to cover: 0.513%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 3 min ago; BloFin: live order book, 3 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, 3 min ago	2.85 bp	13.5 bp −$14	15.9 bp −$159	35.7 bp −$3,570	doesn't fit
Sell BloFin live order book, 3 min ago	2.28 bp	11.1 bp −$11	19.2 bp −$192	44.8 bp −$4,483	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
Variational Omni UNI	−0.0086%	8h	8.7668	−0.379%	$3.9M	$4.7M	—	as long as short
Bybit UNIUSDT	−0.0034%	8h	8.8020	+0.021%	$100.6M	$105.0M	75x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0006%	1h	8.7960	−0.047%	$79K	—	150x	as long as short
OKX UNI-USDT-SWAP	+0.0032%	8h	8.7990	−0.013%	$54.5M	$243.1M	50x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.7900	−0.115%	$657	$96K	12x	as long as short
01 Exchange UNIUSD	+0.0040%	1h	8.7959	−0.048%	$439	—	10x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0055%	1h	8.8019	+0.020%	$560K	$158K	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8019	+0.020%	$25K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.7848	−0.175%	$855K	$4.0M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.8053	+0.059%	$1.0M	$3.4M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica UNI	+0.0100%	1h	8.8037	+0.041%	$296K	$579K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.8040	+0.044%	$216.2M	$597.1M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.7960	−0.047%	$271K	$612K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.8010	+0.010%	$22.8M	$58.3M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.8000	−0.001%	$42.4M	$24.4M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.8010	+0.010%	$13.5M	$13.9M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8000	−0.001%	$32.0M	$41.4M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	8.7980	−0.024%	—	$52.0M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8032	+0.035%	$974K	$2.3M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.7684	−0.360%	$165K	$343K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.7660	−0.388%	$611K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.7690	−0.354%	$87K	$714K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.7910	−0.104%	$105K	$3.2M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.7924	−0.088%	$87K	$350K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.7940	−0.070%	$15K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.7996	−0.006%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.7951	−0.057%	$25K	$668K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.8060	+0.067%	$723K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.7920	−0.092%	$26.5M	$4.5M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.7968	−0.038%	$299K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.7966	−0.040%	$31K	$1K	3x	as long as short
dYdX UNI-USD	+0.0179%	1h	8.8021	+0.023%	$244K	$6K	10x	as long as short
BloFin UNI-USDTshort	+0.0220%	8h	8.7800	−0.229%	$9.8M	$3.3M	75x
Coinbase International UNI-PERP-INTX	+0.0224%	1h	8.8020	+0.021%	$1.0M	$5.3M	50x	as long as short
Hyperliquid UNI	+0.0322%	1h	8.8139	+0.156%	$96.4M	$59.6M	10x	as long as short
Kraken Futures PF_UNIUSDlong	+0.0344%	1h	8.8001	long leg	$4.9M	$7.3M	50x
Reya UNIRUSDPERP	+0.0361%	1h	8.7890	−0.126%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0379% / S −0.0319%	1h	8.7949	−0.059%	$551K	—	120x	as long as short
Lighter UNI	+0.0520%	1h	8.8188	+0.212%	$4.5M	$5.2M	15x	as long as short
Aftermath Perps UNIUSD	+0.0623%	1h	8.7889	−0.127%	$1K	$49K	10x	as long as short