Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0148%/8h= −16.2% APRpaid last 24h −0.035%

Price spread now: KuCoin against Coinbase International+0.132%7-day average −0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs−$56as in the Funding arb table

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$660.658% of the position

Long on Coinbase International Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.096%+$10 on $10k

Price spread, last 4 days (all we have)−0.432%−$43 · spread now +0.132%, 7d avg −0.030%

Together, before fees−0.336%−$34 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.162% dearer against Coinbase International than usual: you sell high and buy low (spread +0.132% now, against its 7-day average of −0.030%): +$16 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 3.6 days. Mind the row above: over the last 7 days funding on this pair paid +0.096%, 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	Coinbase International UNI-PERP-INTX	9.0850	0.0248	pay 0.0031% / 1h	46m 45s	$1.1M	$5.5M	50x
Short	KuCoin UNIUSDTM	9.0970	0.0100	get 0.0100% / 8h	4h 46m	$13.6M	$13.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Coinbase International. 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 Coinbase InternationalbpFee KuCoinbpOrdersPrice spread, now +0.132%Rate

Funding earned: −$31.08
Price spread: +0.132% → −0.030%: $16.17
Slippage, 4 orders: −$43.82
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$80.72
Costs to cover: 0.658%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 2 min ago; KuCoin: 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 Coinbase International live order book, 2 min ago	6.63 bp	13.1 bp −$13	20.9 bp −$209	doesn't fit	doesn't fit
Sell KuCoin live order book, 2 min ago	2.20 bp	21.0 bp −$21	26.7 bp −$267	73.3 bp −$7,330	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	9.0935	+0.094%	$37K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−2.807%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0048%	1h	9.0837	−0.014%	$453	$5	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.0800	−0.055%	$923K	$4.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.1121	+0.298%	$1.0M	$3.0M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.1187	+0.371%	$295K	$590K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.1203	+0.389%	$225.8M	$630.1M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.1200	+0.385%	$102.2M	$110.7M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.1230	+0.418%	$55.7M	$259.5M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.0840	−0.011%	$288K	$633K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate UNI_USDT	+0.0100%	8h	9.1230	+0.418%	$23.7M	$62.8M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.1220	+0.407%	$48.7M	$25.2M	200x	as long as short
KuCoin UNIUSDTMshort	+0.0100%	8h	9.0970	+0.132%	$13.6M	$13.1M	75x
Bitget UNIUSDT	+0.0100%	8h	9.1240	+0.429%	$33.7M	$44.3M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	9.1250	+0.440%	—	$56.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.1110	+0.286%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.0589	−0.287%	$4.3M	$4.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.0557	−0.322%	$171K	$345K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0473	−0.415%	$627K	$2.7M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0570	−0.308%	$88K	$694K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0790	−0.066%	$36K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.0880	+0.033%	$88K	$422K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.0950	+0.110%	$16K	$1.6M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.1017	+0.184%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.0991	+0.155%	$22K	$782K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.1120	+0.297%	$716K	$4.5M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.1040	+0.209%	$27.5M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.1202	+0.388%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.1191	+0.376%	$298K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0945	+0.105%	$32K	—	3x	as long as short
dYdX UNI-USD	+0.0112%	1h	9.1154	+0.334%	$240K	$30K	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.0970	+0.132%	$10.4M	$3.6M	75x	as long as short
Lighter UNI	+0.0232%	1h	9.1155	+0.336%	$4.6M	$5.8M	15x	as long as short
Coinbase International UNI-PERP-INTXlong	+0.0248%	1h	9.0850	long leg	$1.1M	$5.5M	50x
Kraken Futures PF_UNIUSD	+0.0269%	1h	9.0988	+0.152%	$5.0M	$7.8M	50x	as long as short
Reya UNIRUSDPERP	+0.0372%	1h	9.0852	+0.002%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.0955	+0.116%	$647K	—	120x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0383%	1h	9.0986	+0.150%	$583K	$193K	50x	as long as short
Hyperliquid UNI	+0.0433%	1h	9.1091	+0.265%	$98.9M	$61.8M	10x	as long as short
Aftermath Perps UNIUSD	+0.1063%	1h	9.0946	+0.105%	$874	$46K	10x	as long as short