Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0001%/8h= +0.1% APRpaid last 24h +0.001%

Price spread now: KuCoin against Deribit−0.039%7-day average −0.058% · you buy dearer than you sell

Net, funding: paid 7d − costs−$57as in the Funding arb table

Net, price: spread back to 7d avg − costs−$61as in the Price arb table

costs, in and out, $10k−$630.627% of the position

Long on Deribit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.057%+$6 on $10k

Price spread, last 3 days (all we have)−0.295%−$29 · spread now −0.039%, 7d avg −0.058%

Together, before fees−0.237%−$24 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit UNI_USDC-PERPETUAL	8.8335	0.0099	pay 0.0012% / 1h	30m 48s	$562K	$157K	50x
Short	KuCoin UNIUSDTM	8.8300	0.0100	get 0.0100% / 8h	1h 30m	$13.5M	$13.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Deribit. 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 DeribitbpFee KuCoinbpOrdersPrice spread, now −0.039%Rate

Funding earned: $0.21
Price spread: −0.039% → −0.058%: $1.89
Slippage, 4 orders: −$43.74
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$60.64
Costs to cover: 0.627%
Break-even: 2028.4 days

Slippage from Deribit: live order book, 53 min ago; KuCoin: live order book, 3 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 Deribit live order book, 53 min ago	8.70 bp	15.2 bp −$15	23.4 bp −$234	doesn't fit	doesn't fit
Sell KuCoin live order book, 3 min ago	1.13 bp	12.9 bp −$13	18.4 bp −$184	54.1 bp −$5,411	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
Variational Omni UNI	−0.0076%	8h	8.8115	−0.249%	$3.9M	$4.5M	—	as long as short
Bybit UNIUSDT	−0.0012%	8h	8.8300	−0.039%	$100.7M	$104.3M	75x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	8.8325	−0.011%	$61K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−0.039%	$660	$155K	12x	as long as short
OKX UNI-USDT-SWAP	+0.0041%	8h	8.8320	−0.017%	$54.7M	$243.5M	50x	as long as short
01 Exchange UNIUSD	+0.0048%	1h	8.8332	−0.003%	$441	—	10x	as long as short
Deribit UNI_USDC-PERPETUALlong	+0.0099%	1h	8.8335	long leg	$562K	$157K	50x
Paradex UNI-USD-PERP	+0.0100%	8h	8.8311	−0.027%	$25K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.8295	−0.045%	$934K	$4.0M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.8360	+0.029%	$1.0M	$3.4M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica UNI	+0.0100%	1h	8.8330	−0.005%	$296K	$570K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.8320	−0.017%	$216.7M	$588.0M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.8360	+0.029%	$281K	$615K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.8320	−0.017%	$22.9M	$58.5M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.8330	−0.005%	$42.7M	$24.5M	200x	as long as short
KuCoin UNIUSDTMshort	+0.0100%	8h	8.8300	−0.039%	$13.5M	$13.8M	75x
Bitget UNIUSDT	+0.0100%	8h	8.8280	−0.062%	$32.0M	$41.3M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	8.8300	−0.039%	—	$51.9M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8322	−0.014%	$980K	$2.3M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8322	−0.015%	$166K	$344K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8300	−0.039%	$612K	$2.5M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8330	−0.005%	$87K	$713K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8250	−0.096%	$105K	$3.2M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.8311	−0.027%	$86K	$351K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8260	−0.085%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.8347	+0.014%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.8282	−0.060%	$25K	$666K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.8387	+0.059%	$726K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8280	−0.062%	$26.6M	$4.5M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8277	−0.065%	$300K	$1.4M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8310	−0.028%	$31K	$1K	3x	as long as short
dYdX UNI-USD	+0.0124%	1h	8.8339	+0.005%	$245K	$6K	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.8240	−0.107%	$9.8M	$3.3M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0224%	1h	8.8340	+0.006%	$1.0M	$5.3M	50x	as long as short
Hyperliquid UNI	+0.0295%	1h	8.8427	+0.104%	$96.8M	$59.2M	10x	as long as short
Kraken Futures PF_UNIUSD	+0.0343%	1h	8.8346	+0.013%	$4.9M	$7.0M	50x	as long as short
Reya UNIRUSDPERP	+0.0362%	1h	8.8281	−0.061%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0379% / S −0.0319%	1h	8.8312	−0.026%	$553K	—	120x	as long as short
Lighter UNI	+0.0608%	1h	8.8483	+0.168%	$4.5M	$5.2M	15x	as long as short
Aftermath Perps UNIUSD	+0.0630%	1h	8.8345	+0.011%	$1K	$49K	10x	as long as short