Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0170%/8h= −18.6% APRpaid last 24h −0.050%

Price spread now: OKX against Kraken Futures−0.075%7-day average −0.091% · you buy dearer than you sell

Net, funding: paid 7d − costs−$62as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$380.376% of the position

Long on Kraken Futures Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.241%−$24 on $10k

Price spread, last 4 days (all we have)−0.766%−$77 · spread now −0.075%, 7d avg −0.091%

Together, before fees−1.007%−$101 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.091%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate.

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 01s	$5.1M	$7.7M	50x
Short	OKX UNI-USDT-SWAP	9.0960	0.0100	get 0.0100% / 8h	5h 04m	$56.0M	$257.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.075%Rate

Funding earned: −$35.6
Price spread: −0.075% → −0.091%: $1.57
Slippage, 4 orders: −$17.57
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$71.59
Costs to cover: 0.376%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 5 min ago; OKX: live order book, 5 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 OKX live order book, 5 min ago	0.55 bp	8.1 bp −$8	15.8 bp −$158	59.5 bp −$5,953	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	9.1019	−0.011%	$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	9.1034	+0.006%	$225.4M	$624.9M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.0980	−0.053%	$102.3M	$110.5M	75x	as long as short
OKX UNI-USDT-SWAPshort	+0.0100%	8h	9.0960	−0.075%	$56.0M	$257.6M	50x

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	9.0980	−0.053%	$23.3M	$62.4M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0940	−0.097%	$49.1M	$25.4M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0940	−0.097%	$13.7M	$13.0M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.1010	−0.020%	$33.5M	$43.7M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	9.0860	−0.185%	—	$56.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.1011	−0.019%	$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 UNIUSDT	+0.0100%	1h	9.1480	+0.496%	$89K	$695K	50x	as long as short
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	9.0922	−0.117%	$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	+0.0549%	1h	9.1151	+0.135%	$99.4M	$61.7M	10x	as long as short
Lighter UNI	+0.0568%	1h	9.1142	+0.125%	$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