Funding you earn now, next payment 09:00 UTC−0.0162%/8h= −17.7% APRnext payment −$0.20 per $10,000 · paid last 24h +0.031%
Price spread now: Kraken Futures against Polymarket Perps+0.024%7-day average +0.044% · you sell dearer than you buy
Net, funding: paid 7d − costs−$16as in the Funding arb table
Net, price: spread back to 7d avg − costs−$42as in the Price arb table
costs, in and out, $10k−$400.397% of the position
Funding, last 7 days+0.235%+$24 on $10k
+Price spread, last 4 days (all we have)+0.735%+$73 · spread now +0.024%, 7d avg +0.044%
=Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Kraken Futures is 0.021% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.044%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.235%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps UNI-USD | 8.9210 | 0.0100 | pay 0.0013% / 1h | 41m 41s | $104K | $616K | 10x |
| Short | Kraken Futures PF_UNIUSD | 8.9231 | −0.0062 | pay 0.0008% / 1h | 41m 41s | $4.7M | $8.6M | 50x |
Polymarket Perps UNI-USD
Kraken Futures PF_UNIUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Polymarket Perps. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$33.98
- Price spread: +0.024% → +0.044%
- −$2.07
- Slippage, 4 orders
- −$21.65
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$75.7
- Costs to cover
- 0.397%
- Break-even
- never at this rate
Slippage from Polymarket Perps: live order book, 56 min ago; Kraken Futures: live order book, 2 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 Polymarket Perps live order book, 56 min ago | 2.37 bp | 7.2 bp −$7 | 10.8 bp −$108 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 2 min ago | 0.56 bp | 12.1 bp −$12 | 14.1 bp −$141 | 35.9 bp −$3,594 | 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_UNIUSDshort | −0.0062% | 1h | 8.9231 | +0.024% | $4.7M | $8.6M | 50x | |
| gTrade (Gains Network) UNI/USD | L +0.0004% / S −0.0005% | 1h | 8.9154 | −0.063% | $77K | — | 150x | as long as short |
| Injective UNI/USDC PERP | +0.0033% | 1h | 8.8300 | −1.020% | $660 | $153K | 12x | as long as short |
| Deribit UNI_USDC-PERPETUAL | +0.0045% | 1h | 8.9188 | −0.024% | $591K | $273K | 50x | as long as short |
| Nado UNI-PERP | +0.0099% | 1h | 8.9160 | −0.056% | $732K | $4.7M | 10x | as long as short |
| Paradex UNI-USD-PERP | +0.0100% | 8h | 8.9027 | −0.205% | $25K | — | 20x | as long as short |
| Aster UNIUSDT | +0.0100% | 8h | 8.9068 | −0.159% | $724K | $3.3M | 50x | as long as short |
| Pacifica UNI | +0.0100% | 1h | 8.9050 | −0.180% | $289K | $568K | 10x | as long as short |
| Binance UNIUSDT | +0.0100% | 8h | 8.9010 | −0.224% | $216.6M | $651.7M | 75x | as long as short |
| Bybit UNIUSDT | +0.0100% | 8h | 8.9020 | −0.213% | $98.7M | $110.5M | 75x | as long as short |
gTrade (Gains Network) UNI/USD
Injective UNI/USDC PERP
Deribit UNI_USDC-PERPETUAL
Nado UNI-PERP
Paradex UNI-USD-PERP
Aster UNIUSDT
Pacifica UNI
Binance UNIUSDT
Bybit UNIUSDTShow all 40 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX UNI-USDT-SWAP | +0.0100% | 8h | 8.9030 | −0.202% | $54.5M | $262.4M | 50x | as long as short |
| Arcus UNI-USD | +0.0100% | 1h | 8.9120 | −0.101% | $323K | $701K | 10x | as long as short |
| Gate UNI_USDT | +0.0100% | 8h | 8.9050 | −0.179% | $26.7M | $62.6M | 75x | as long as short |
| MEXC UNI_USDT | +0.0100% | 8h | 8.9080 | −0.146% | $47.9M | $25.3M | 200x | as long as short |
| KuCoin UNIUSDTM | +0.0100% | 8h | 8.9060 | −0.168% | $13.0M | $13.3M | 75x | as long as short |
| Bitget UNIUSDT | +0.0100% | 8h | 8.9050 | −0.179% | $33.0M | $46.1M | 75x | as long as short |
| BingX UNI-USDT | +0.0100% | 8h | 8.9040 | −0.191% | — | $58.1M | — | as long as short |
| Variational Omni UNI | +0.0100% | 8h | 8.9470 | +0.292% | $4.1M | $4.0M | — | as long as short |
| edgeX UNIUSDC | +0.0100% | 4h | 8.9380 | +0.191% | $169K | $348K | 20x | as long as short |
| GRVT UNI_USDT_Perp | +0.0100% | 8h | 8.9457 | +0.277% | $625K | $2.6M | 10x | as long as short |
| ApeX Omni UNIUSDT | +0.0100% | 1h | 8.9380 | +0.191% | $90K | $709K | 50x | as long as short |
| StandX UNI-USD | +0.0100% | 1h | 8.9210 | 0.000% | $14K | $3.5M | 20x | as long as short |
| Polymarket Perps UNI-USDlong | +0.0100% | 1h | 8.9210 | long leg | $104K | $616K | 10x | |
| Orderly PERP_UNI_USDC | +0.0100% | 8h | 8.9150 | −0.067% | $17K | $2.4M | 10x | as long as short |
| SunX UNI-USDT | +0.0100% | 8h | 8.9143 | −0.075% | $36K | $1.3M | 30x | as long as short |
| SoDEX UNI-USD | +0.0100% | 1h | 8.9150 | −0.067% | $32K | $894K | 10x | as long as short |
| HTX UNI-USDT | +0.0100% | 8h | 8.9226 | +0.018% | $707K | $4.7M | 75x | as long as short |
| Phemex UNIUSDT | +0.0100% | 8h | 8.9130 | −0.090% | $27.0M | $4.4M | 50x | as long as short |
| Extended UNI-USD | +0.0104% | 1h | 8.9012 | −0.222% | $300K | $1.8M | 25x | as long as short |
| Aevo UNI-PERP | +0.0104% | 1h | 8.9140 | −0.078% | $32K | — | 3x | as long as short |
| 01 Exchange UNIUSD | +0.0120% | 1h | 8.9083 | −0.142% | $445 | $5 | 10x | as long as short |
| Hyperliquid UNI | +0.0141% | 1h | 8.9163 | −0.053% | $95.3M | $67.8M | 10x | as long as short |
| Lighter UNI | +0.0160% | 1h | 8.9127 | −0.093% | $4.5M | $5.4M | 15x | as long as short |
| Coinbase International UNI-PERP-INTX | +0.0208% | 1h | 8.9270 | +0.067% | $929K | $5.5M | 50x | as long as short |
| BloFin UNI-USDT | +0.0220% | 8h | 8.9120 | −0.101% | $10.1M | $3.6M | 75x | as long as short |
| Backpack UNI_USDC_PERP | +0.0263% | 1h | 8.9150 | −0.067% | $1.1M | $2.5M | 10x | as long as short |
| GMX UNI/USD [UNI-USDC] | L +0.0381% / S −0.0243% | 1h | 8.9177 | −0.036% | $634K | — | 120x | as long as short |
| Reya UNIRUSDPERP | +0.0382% | 1h | 8.9158 | −0.059% | $16K | — | 20x | as long as short |
| Aftermath Perps UNIUSD | +0.0397% | 1h | 8.9327 | +0.131% | $1K | $52K | 10x | as long as short |
| dYdX UNI-USD | +0.0507% | 1h | 8.9075 | −0.151% | $234K | $31K | 10x | as long as short |
OKX UNI-USDT-SWAP
Arcus UNI-USD
Gate UNI_USDT
MEXC UNI_USDT
KuCoin UNIUSDTM
Bitget UNIUSDT
BingX UNI-USDT
Variational Omni UNI
edgeX UNIUSDC
GRVT UNI_USDT_Perp
ApeX Omni UNIUSDT
StandX UNI-USD
Orderly PERP_UNI_USDC
SunX UNI-USDT
SoDEX UNI-USD
HTX UNI-USDT
Phemex UNIUSDT
Extended UNI-USD
Aevo UNI-PERP
01 Exchange UNIUSD
Hyperliquid UNI
Lighter UNI
Coinbase International UNI-PERP-INTX
BloFin UNI-USDT
Backpack UNI_USDC_PERP
GMX UNI/USD [UNI-USDC]
Reya UNIRUSDPERP
Aftermath Perps UNIUSD
dYdX UNI-USD