UNI

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0409%/8h= +44.8% APRnext payment +$0.51 per $10,000 · paid last 24h −0.036%

Price spread now: Deribit against Kraken Futures+0.010%7-day average −0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$77as in the Funding arb table

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$520.518% of the position

Long on Kraken Futures Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.255%−$26 on $10k

Price spread, last 4 days (all we have)−0.031%−$3 · spread now +0.010%, 7d avg −0.006%

Together, before fees−0.286%−$29 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.006%, so right now this pair is about funding alone: +$12 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.255%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.255% in total (about -13.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.51 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	Kraken Futures PF_UNIUSD	8.8984	−0.0305	get 0.0038% / 1h	11m 42s	$4.7M	$8.6M	50x
Short	Deribit UNI_USDC-PERPETUAL	8.8993	0.0104	get 0.0013% / 1h	11m 42s	$590K	$270K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.010%Rate

Funding earned: $85.99
Price spread: +0.010% → −0.006%: $1.63
Slippage, 4 orders: −$34.78
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $35.84
Costs to cover: 0.518%
Break-even: 4.1 days

Slippage from Kraken Futures: live order book, 2 min ago; Deribit: live order book, 27 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, 2 min ago	2.82 bp	12.1 bp −$12	15.9 bp −$159	44.8 bp −$4,481	doesn't fit
Sell Deribit live order book, 27 min ago	7.71 bp	13.8 bp −$14	22.8 bp −$228	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
Kraken Futures PF_UNIUSDlong	−0.0305%	1h	8.8984	long leg	$4.7M	$8.6M	50x
01 Exchange UNIUSD	0.0000%	1h	8.8968	−0.018%	$444	$5	10x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0005%	1h	8.8958	−0.029%	$76K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−0.769%	$660	$153K	12x	as long as short
Nado UNI-PERP	+0.0043%	1h	8.8905	−0.089%	$728K	$4.7M	10x	as long as short
Polymarket Perps UNI-USD	+0.0093%	1h	8.8920	−0.072%	$104K	$616K	10x	as long as short
Lighter UNI	+0.0096%	1h	8.9101	+0.131%	$4.5M	$5.6M	15x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8940	−0.049%	$25K	—	20x	as long as short
Hyperliquid UNI	+0.0100%	1h	8.9064	+0.090%	$94.9M	$67.7M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.9014	+0.034%	$723K	$3.2M	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	8.8980	−0.004%	$288K	$591K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.8975	−0.010%	$216.4M	$652.1M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	8.8950	−0.038%	$98.6M	$110.5M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	8.8950	−0.038%	$54.5M	$261.9M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.9020	+0.040%	$318K	$690K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.8940	−0.049%	$26.1M	$66.7M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.8940	−0.049%	$48.1M	$26.3M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.8950	−0.038%	$13.0M	$13.3M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8950	−0.038%	$32.5M	$45.2M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	8.8940	−0.049%	—	$57.8M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.9008	+0.027%	$1.1M	$2.5M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	8.8681	−0.340%	$4.1M	$4.1M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8783	−0.226%	$168K	$348K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8888	−0.108%	$617K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8820	−0.184%	$89K	$709K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8860	−0.139%	$14K	$3.5M	20x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8910	−0.083%	$16K	$2.2M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.8968	−0.018%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.8923	−0.069%	$32K	$886K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.9026	+0.047%	$702K	$4.7M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8890	−0.106%	$26.8M	$4.4M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8916	−0.076%	$291K	$1.8M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8935	−0.055%	$32K	—	3x	as long as short
Deribit UNI_USDC-PERPETUALshort	+0.0104%	1h	8.8993	+0.010%	$590K	$270K	50x
Coinbase International UNI-PERP-INTX	+0.0200%	1h	8.9040	+0.063%	$927K	$5.4M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.8860	−0.139%	$10.0M	$3.6M	75x	as long as short
Aftermath Perps UNIUSD	+0.0378%	1h	8.8803	−0.203%	$1K	$52K	10x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0243%	1h	8.8945	−0.044%	$633K	—	120x	as long as short
Reya UNIRUSDPERP	+0.0381%	1h	8.8902	−0.092%	$16K	—	20x	as long as short
dYdX UNI-USD	+0.0569%	1h	8.8948	−0.041%	$234K	$30K	10x	as long as short