Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.026%

Price spread now: KuCoin against Bybit+0.011%7-day average +0.048% · you sell dearer than you buy

Net, funding: paid 7d − costs−$55as in the Funding arb table

Net, price: spread back to 7d avg − costs−$62as in the Price arb table

costs, in and out, $10k−$580.582% of the position

Long on Bybit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.029%+$3 on $10k

Price spread, last 7 days+0.034%+$3 · spread now +0.011%, 7d avg +0.048%

Together, before fees+0.063%+$6 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 0.037% cheaper against Bybit than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.048%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit UNIUSDT	9.1110	0.0100	pay 0.0100% / 8h	6h 24m	$102.0M	$107.4M	75x
Short	KuCoin UNIUSDTM	9.1120	0.0100	get 0.0100% / 8h	6h 24m	$13.5M	$13.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Bybit. 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 BybitbpFee KuCoinbpOrdersPrice spread, now +0.011%Rate

Funding earned: $0
Price spread: +0.011% → +0.048%: −$3.73
Slippage, 4 orders: −$35.23
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$61.97
Costs to cover: 0.582%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; KuCoin: live order book, 9 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 Bybit live order book, 5 min ago	0.55 bp	8.6 bp −$9	15.7 bp −$157	38.4 bp −$3,844	doesn't fit
Sell KuCoin live order book, 9 min ago	1.67 bp	23.7 bp −$24	30.3 bp −$303	72.9 bp −$7,294	doesn't fit

UNI on 39 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	9.0967	−0.157%	$19K	—	150x	as long as short
dYdX UNI-USD	+0.0019%	1h	9.1104	−0.007%	$240K	$30K	10x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−3.084%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0040%	1h	9.1049	−0.067%	$454	—	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.0922	−0.206%	$951K	$4.3M	10x	as long as short
Hyperliquid UNI	+0.0100%	1h	9.1085	−0.028%	$98.8M	$60.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.1094	−0.017%	$1.0M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.1120	+0.011%	$298K	$574K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.1110	0.000%	$227.5M	$610.8M	75x	as long as short
Bybit UNIUSDTlong	+0.0100%	8h	9.1110	long leg	$102.0M	$107.4M	75x

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX UNI-USDT-SWAP	+0.0100%	8h	9.1100	−0.011%	$56.2M	$255.5M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.1110	0.000%	$289K	$641K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.0950	−0.176%	$23.3M	$58.7M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.1110	0.000%	$50.0M	$26.2M	200x	as long as short
KuCoin UNIUSDTMshort	+0.0100%	8h	9.1120	+0.011%	$13.5M	$13.7M	75x
Bitget UNIUSDT	+0.0100%	8h	9.1140	+0.033%	$33.4M	$42.8M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.0970	−0.154%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.0886	−0.246%	$997K	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.0580	−0.582%	$4.1M	$4.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.0454	−0.720%	$170K	$343K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0456	−0.718%	$629K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0420	−0.757%	$88K	$699K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0870	−0.263%	$56K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.0990	−0.132%	$86K	$410K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.1080	−0.033%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.1024	−0.094%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.1060	−0.055%	$22K	$712K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.1054	−0.061%	$724K	$4.2M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.1060	−0.055%	$27.5M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.0971	−0.153%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.1026	−0.092%	$303K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.1079	−0.034%	$32K	—	3x	as long as short
Coinbase International UNI-PERP-INTX	+0.0312%	1h	9.1020	−0.099%	$1.1M	$4.7M	50x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0336%	1h	9.1129	+0.021%	$591K	$188K	50x	as long as short
Reya UNIRUSDPERP	+0.0368%	1h	9.0927	−0.201%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.0950	−0.175%	$647K	—	120x	as long as short
Kraken Futures PF_UNIUSD	+0.0421%	1h	9.1120	+0.011%	$5.1M	$6.9M	50x	as long as short
Lighter UNI	+0.0448%	1h	9.1251	+0.155%	$4.7M	$5.3M	15x	as long as short
Aftermath Perps UNIUSD	+0.0934%	1h	9.0544	−0.622%	$948	$48K	10x	as long as short