UNI

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0464%/8h= −50.8% APRnext payment −$0.58 per $10,000 · paid last 24h −0.020%

Price spread now: Pacifica against Kraken Futures−0.049%7-day average −0.041% · you buy dearer than you sell

Net, funding: paid 7d − costs−$64as in the Funding arb table

Net, price: spread back to 7d avg − costs−$52as in the Price arb table

costs, in and out, $10k−$520.517% of the position

Long on Kraken Futures Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.119%−$12 on $10k

Price spread, last 3 days (all we have)−0.162%−$16 · spread now −0.049%, 7d avg −0.041%

Together, before fees−0.281%+ Points / potential airdropPacifica: Active · farm board−$28 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.041%, so right now this pair is about funding alone: −$14 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.119% in total (about -6.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.58 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	8.9799	0.0564	pay 0.0070% / 1h	23m 46s	$5.0M	$7.0M	50x
Short	Pacifica UNI	8.9755	0.0100	get 0.0013% / 1h	23m 46s	$297K	$593K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.049%Rate

Funding earned: −$97.35
Price spread: −0.049% → −0.041%: −$0.78
Slippage, 4 orders: −$33.65
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$149.78
Costs to cover: 0.517%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 5 min ago; Pacifica: live order book, 55 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	3.33 bp	14.5 bp −$15	16.0 bp −$160	40.9 bp −$4,086	doesn't fit
Sell Pacifica live order book, 55 min ago	1.12 bp	13.2 bp −$13	doesn't fit	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
Injective UNI/USDC PERP	−0.0049%	1h	8.8300	−1.669%	$660	$155K	12x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	8.9754	−0.050%	$62K	—	150x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0029%	1h	8.9765	−0.038%	$578K	$176K	50x	as long as short
Variational Omni UNI	+0.0051%	8h	8.9935	+0.151%	$4.1M	$4.4M	—	as long as short
Bybit UNIUSDT	+0.0091%	8h	8.9730	−0.077%	$101.8M	$105.0M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0091%	8h	8.9650	−0.166%	$54.9M	$248.7M	50x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.9765	−0.038%	$953K	$4.2M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.9771	−0.032%	$1.0M	$3.3M	50x	as long as short
Pacifica UNIshort	+0.0100%	1h	8.9755	−0.049%	$297K	$593K	10x
Binance UNIUSDT	+0.0100%	8h	8.9759	−0.044%	$222.1M	$590.3M	75x	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	8.9840	+0.046%	$265K	$632K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.9750	−0.055%	$22.9M	$58.8M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.9770	−0.032%	$43.6M	$24.0M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.9750	−0.055%	$13.6M	$13.5M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.9630	−0.188%	$32.8M	$42.1M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	8.9740	−0.066%	—	$52.0M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.9804	+0.005%	$1.0M	$2.4M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.9917	+0.132%	$169K	$342K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0060	+0.291%	$632K	$2.5M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.9950	+0.168%	$88K	$713K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.9880	+0.090%	$36K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.9766	−0.037%	$85K	$363K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.9730	−0.077%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.9840	+0.046%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.9728	−0.079%	$21K	$676K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.9915	+0.129%	$717K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.9730	−0.077%	$27.1M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.9739	−0.067%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	8.9697	−0.114%	$303K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.9743	−0.062%	$32K	$1K	3x	as long as short
dYdX UNI-USD	+0.0174%	1h	8.9788	−0.012%	$249K	$6K	10x	as long as short
01 Exchange UNIUSD	+0.0176%	1h	8.9806	+0.008%	$448	—	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.9730	−0.077%	$10.0M	$3.5M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0232%	1h	8.9860	+0.068%	$1.1M	$5.4M	50x	as long as short
Reya UNIRUSDPERP	+0.0364%	1h	8.9719	−0.089%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0382% / S −0.0323%	1h	8.9747	−0.058%	$568K	—	120x	as long as short
Hyperliquid UNI	+0.0511%	1h	8.9770	−0.032%	$98.4M	$59.0M	10x	as long as short
Kraken Futures PF_UNIUSDlong	+0.0564%	1h	8.9799	long leg	$5.0M	$7.0M	50x
Aftermath Perps UNIUSD	+0.0808%	1h	8.9951	+0.169%	$1K	$49K	10x	as long as short
Lighter UNI	+0.0872%	1h	8.9894	+0.106%	$4.6M	$5.2M	15x	as long as short