Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0117%/8h= +12.8% APRpaid last 24h −0.042%

Price spread now: edgeX against Kraken Futures+0.152%7-day average −0.048% · you sell dearer than you buy

Net, funding: paid 7d − costs−$57as in the Funding arb table

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$410.413% of the position

Long on Kraken Futures Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.158%−$16 on $10k

Price spread, last 4 days (all we have)−0.509%−$51 · spread now +0.152%, 7d avg −0.048%

Together, before fees−0.668%+ Points / potential airdropedgeX: Active · farm board−$67 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and edgeX is 0.200% dearer against Kraken Futures than usual: you sell high and buy low: +$20 more if the spread goes back to its 7-day average of −0.048%. Mind the row above: over the last 7 days funding on this pair cost −0.158%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_UNIUSD	8.9119	−0.0017	get 0.0002% / 1h	26m 53s	$4.7M	$8.7M	50x
Short	edgeX UNIUSDC	8.9254	0.0100	get 0.0050% / 4h	1h 26m	$169K	$344K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.152%Rate

Funding earned: $24.56
Price spread: +0.152% → −0.048%: $19.95
Slippage, 4 orders: −$22.31
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $3.2
Costs to cover: 0.413%
Break-even: 6.1 days

Slippage from Kraken Futures: live order book, 2 min ago; edgeX: live order book, 16 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	2.81 bp	14.6 bp −$15	21.1 bp −$211	48.0 bp −$4,795	doesn't fit
Sell edgeX live order book, 16 min ago	2.24 bp	6.7 bp −$7	16.0 bp −$160	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
Polymarket Perps UNI-USD	−0.0159%	1h	8.9182	+0.071%	$107K	$618K	10x	as long as short
Kraken Futures PF_UNIUSDlong	−0.0017%	1h	8.9119	long leg	$4.7M	$8.7M	50x
01 Exchange UNIUSD	−0.0016%	1h	8.9121	+0.002%	$445	$5	10x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0007%	1h	8.9110	−0.010%	$49K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−0.919%	$660	$153K	12x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0067%	1h	8.9190	+0.080%	$588K	$250K	50x	as long as short
Nado UNI-PERP	+0.0085%	1h	8.9170	+0.057%	$738K	$4.7M	10x	as long as short
Lighter UNI	+0.0096%	1h	8.9326	+0.233%	$4.5M	$5.7M	15x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.9080	−0.044%	$25K	—	20x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.9200	+0.091%	$734K	$3.6M	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	8.9110	−0.010%	$285K	$590K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.9160	+0.046%	$215.2M	$658.7M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	8.9150	+0.035%	$99.0M	$111.9M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	8.9140	+0.024%	$54.2M	$266.1M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.9180	+0.069%	$318K	$696K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.9140	+0.024%	$25.1M	$66.6M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.9130	+0.013%	$49.0M	$26.6M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.9130	+0.013%	$13.0M	$13.4M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.9140	+0.024%	$32.6M	$45.4M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	8.9150	+0.035%	—	$57.3M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.9173	+0.061%	$1.0M	$2.5M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	8.9219	+0.113%	$4.1M	$4.3M	—	as long as short
edgeX UNIUSDCshort	+0.0100%	4h	8.9254	+0.152%	$169K	$344K	20x
GRVT UNI_USDT_Perp	+0.0100%	8h	8.9259	+0.157%	$630K	$2.7M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.9310	+0.215%	$90K	$710K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.9130	+0.013%	$15K	$3.5M	20x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.9170	+0.057%	$16K	$1.9M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.9231	+0.126%	$36K	$1.4M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.9060	−0.066%	$32K	$886K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.9354	+0.264%	$699K	$4.8M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.9140	+0.024%	$26.9M	$4.5M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.9089	−0.034%	$294K	$1.7M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.9081	−0.043%	$32K	—	3x	as long as short
Coinbase International UNI-PERP-INTX	+0.0192%	1h	8.9250	+0.147%	$930K	$5.5M	50x	as long as short
Hyperliquid UNI	+0.0208%	1h	8.9270	+0.170%	$94.9M	$67.7M	10x	as long as short
dYdX UNI-USD	+0.0211%	1h	8.9124	+0.006%	$235K	$31K	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.9100	−0.021%	$10.0M	$3.6M	75x	as long as short
Reya UNIRUSDPERP	+0.0379%	1h	8.9148	+0.032%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0243%	1h	8.9186	+0.076%	$634K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0475%	1h	8.9243	+0.140%	$944	$53K	10x	as long as short