Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.011%

Price spread now: KuCoin against HTX−0.085%7-day average −0.138% · you buy dearer than you sell

Net, funding: paid 7d − costs−$75as in the Funding arb table

Net, price: spread back to 7d avg − costs−$63as in the Price arb table

costs, in and out, $10k−$690.686% of the position

Long on HTX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.068%−$7 on $10k

Price spread, last 3 days (all we have)−0.142%−$14 · spread now −0.085%, 7d avg −0.138%

Together, before fees−0.209%−$21 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 0.052% dearer against HTX than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.138%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX UNI-USDT	9.0127	0.0100	pay 0.0100% / 8h	0m 33s	$718K	$4.4M	75x
Short	KuCoin UNIUSDTM	9.0050	0.0100	get 0.0100% / 8h	0m 33s	$13.6M	$13.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against HTX. 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 HTXbpFee KuCoinbpOrdersPrice spread, now −0.085%Rate

Funding earned: $0
Price spread: −0.085% → −0.138%: $5.22
Slippage, 4 orders: −$44.63
Fee HTX: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$63.4
Costs to cover: 0.686%
Break-even: never at this rate

Slippage from HTX: live order book, 3 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 HTX live order book, 3 min ago	9.96 bp	16.0 bp −$16	60.4 bp −$604	359.8 bp −$36.0K	doesn't fit
Sell KuCoin live order book, 8 min ago	1.67 bp	18.6 bp −$19	25.1 bp −$251	64.0 bp −$6,400	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	−2.027%	$660	$155K	12x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	9.0065	−0.069%	$62K	—	150x	as long as short
OKX UNI-USDT-SWAP	+0.0087%	8h	8.9960	−0.185%	$55.0M	$249.9M	50x	as long as short
Variational Omni UNI	+0.0090%	8h	9.0023	−0.116%	$4.1M	$4.4M	—	as long as short
Nado UNI-PERP	+0.0100%	1h	8.9995	−0.146%	$947K	$4.2M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.0053	−0.082%	$1.0M	$3.3M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.0021	−0.117%	$298K	$591K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.0020	−0.119%	$222.8M	$592.0M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.0000	−0.141%	$101.7M	$105.9M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.0080	−0.052%	$270K	$614K	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	9.0000	−0.141%	$22.9M	$59.3M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0020	−0.119%	$44.0M	$24.1M	200x	as long as short
KuCoin UNIUSDTMshort	+0.0100%	8h	9.0050	−0.085%	$13.6M	$13.5M	75x
Bitget UNIUSDT	+0.0100%	8h	8.9950	−0.196%	$32.9M	$42.2M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	8.9990	−0.152%	—	$52.1M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.0094	−0.037%	$1.1M	$2.4M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.9687	−0.489%	$169K	$345K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.9730	−0.441%	$624K	$2.5M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.9730	−0.440%	$88K	$709K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.9850	−0.307%	$36K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.0082	−0.050%	$85K	$367K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.0020	−0.119%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.0111	−0.018%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.0040	−0.097%	$21K	$679K	10x	as long as short
HTX UNI-USDTlong	+0.0100%	8h	9.0127	long leg	$718K	$4.4M	75x
Phemex UNIUSDT	+0.0100%	8h	9.0070	−0.063%	$27.2M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.0002	−0.139%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	8.9937	−0.210%	$302K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0067	−0.066%	$32K	$1K	3x	as long as short
01 Exchange UNIUSD	+0.0152%	1h	9.0037	−0.100%	$449	—	10x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0212%	1h	9.0110	−0.019%	$580K	$177K	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.0070	−0.063%	$10.0M	$3.5M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0232%	1h	9.0080	−0.052%	$1.1M	$5.4M	50x	as long as short
dYdX UNI-USD	+0.0279%	1h	9.0016	−0.123%	$249K	$6K	10x	as long as short
Reya UNIRUSDPERP	+0.0365%	1h	8.9999	−0.142%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0382% / S −0.0322%	1h	9.0046	−0.090%	$570K	—	120x	as long as short
Hyperliquid UNI	+0.0410%	1h	9.0141	+0.016%	$98.6M	$59.7M	10x	as long as short
Kraken Futures PF_UNIUSD	+0.0562%	1h	9.0120	−0.007%	$5.0M	$7.0M	50x	as long as short
Aftermath Perps UNIUSD	+0.0875%	1h	8.9845	−0.313%	$1K	$49K	10x	as long as short
Lighter UNI	+0.0888%	1h	9.0215	+0.098%	$4.6M	$5.3M	15x	as long as short