Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.011%

Price spread now: KuCoin against Arcus−0.109%7-day average −0.089% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$59as in the Price arb table

costs, in and out, $10k−$570.569% of the position

Long on Arcus Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.039%−$4 on $10k

Price spread, last 4 days (all we have)−0.053%−$5 · spread now −0.109%, 7d avg −0.089%

Together, before fees−0.091%−$9 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.020% cheaper against Arcus than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.089%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus UNI-USD	9.1480	0.0100	pay 0.0013% / 1h	50m 46s	$282K	$619K	10x
Short	KuCoin UNIUSDTM	9.1380	0.0100	get 0.0100% / 8h	50m 46s	$13.9M	$13.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Arcus. 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 ArcusbpFee KuCoinbpOrdersPrice spread, now −0.109%Rate

Funding earned: $0
Price spread: −0.109% → −0.089%: −$2.05
Slippage, 4 orders: −$40.39
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$58.94
Costs to cover: 0.569%
Break-even: never at this rate

Slippage from Arcus: live order book, 28 min ago; KuCoin: live order book, 8 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 Arcus live order book, 28 min ago	3.93 bp	7.8 bp −$8	12.9 bp −$129	doesn't fit	doesn't fit
Sell KuCoin live order book, 8 min ago	1.67 bp	16.9 bp −$17	23.8 bp −$238	58.9 bp −$5,885	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	−3.476%	$660	$155K	12x	as long as short
Variational Omni UNI	−0.0010%	8h	9.0073	−1.538%	$4.0M	$4.4M	—	as long as short
dYdX UNI-USD	0.0000%	1h	9.1388	−0.100%	$253K	$6K	10x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	9.1243	−0.259%	$63K	—	150x	as long as short
Bybit UNIUSDT	+0.0048%	8h	9.1400	−0.087%	$104.5M	$104.0M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0080%	8h	9.1410	−0.077%	$56.3M	$251.5M	50x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.1090	−0.426%	$970K	$4.1M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.1410	−0.077%	$1.1M	$3.3M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.1395	−0.093%	$305K	$586K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.1356	−0.136%	$225.2M	$586.0M	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-USDlong	+0.0100%	1h	9.1480	long leg	$282K	$619K	10x
Gate UNI_USDT	+0.0100%	8h	9.1380	−0.109%	$23.5M	$57.8M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.1440	−0.044%	$44.1M	$23.8M	200x	as long as short
KuCoin UNIUSDTMshort	+0.0100%	8h	9.1380	−0.109%	$13.9M	$13.5M	75x
Bitget UNIUSDT	+0.0100%	8h	9.1400	−0.087%	$33.2M	$41.5M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.1410	−0.077%	—	$6.5M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.0235	−1.361%	$170K	$342K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0290	−1.300%	$638K	$2.5M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0420	−1.159%	$89K	$713K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0410	−1.170%	$70K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.1146	−0.365%	$88K	$355K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.1280	−0.219%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.1341	−0.152%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.1319	−0.176%	$25K	$662K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.1314	−0.181%	$745K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.1290	−0.208%	$27.5M	$4.4M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.1273	−0.226%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.1398	−0.090%	$314K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.1281	−0.217%	$32K	$1K	3x	as long as short
01 Exchange UNIUSD	+0.0208%	1h	9.1212	−0.293%	$455	—	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.1300	−0.197%	$10.0M	$3.5M	75x	as long as short
Backpack UNI_USDC_PERP	+0.0221%	1h	9.1353	−0.139%	$1.0M	$2.3M	10x	as long as short
Coinbase International UNI-PERP-INTX	+0.0232%	1h	9.1320	−0.175%	$1.1M	$5.5M	50x	as long as short
Reya UNIRUSDPERP	+0.0363%	1h	9.1115	−0.399%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0380% / S −0.0320%	1h	9.1257	−0.244%	$573K	—	120x	as long as short
Kraken Futures PF_UNIUSD	+0.0554%	1h	9.1373	−0.117%	$5.1M	$7.0M	50x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0592%	1h	9.1354	−0.138%	$588K	$175K	50x	as long as short
Aftermath Perps UNIUSD	+0.0718%	1h	9.0301	−1.289%	$1K	$49K	10x	as long as short
Hyperliquid UNI	+0.0925%	1h	9.1547	+0.073%	$101.2M	$58.6M	10x	as long as short
Lighter UNI	+0.1000%	1h	9.1550	+0.077%	$4.7M	$5.2M	15x	as long as short