Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0149%/8h= +16.4% APRpaid last 24h −0.182%

Price spread now: KuCoin against Injective+3.318%115s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Injective Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.470%+$47 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and KuCoin is 3.318% dearer against Injective than usual: you sell high and buy low: +$332 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 115 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective UNI/USDC PERP	8.8300	−0.0049	get 0.0006% / 1h	51m 23s	$660	$155K	12x
Short	KuCoin UNIUSDTM	9.1230	0.0100	get 0.0100% / 8h	51m 23s	$13.9M	$13.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Injective. 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 InjectivebpFee KuCoinbpOrdersPrice spread, now +3.318%Rate

Funding earned: $31.39
Price spread: +3.318% → 0.000%: $331.82
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $351.2
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; KuCoin: live order book, 7 min ago. Net counts fees only.

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 Injective no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 7 min ago	1.67 bp	16.9 bp −$17	23.8 bp −$238	58.9 bp −$5,885	doesn't fit

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 PERPlong	−0.0049%	1h	8.8300	long leg	$660	$155K	12x
Variational Omni UNI	−0.0010%	8h	9.0073	+2.008%	$4.0M	$4.4M	—	as long as short
dYdX UNI-USD	0.0000%	1h	9.0767	+2.794%	$251K	$6K	10x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	9.1243	+3.334%	$63K	—	150x	as long as short
Bybit UNIUSDT	+0.0046%	8h	9.1270	+3.364%	$104.4M	$104.1M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0078%	8h	9.1080	+3.148%	$56.0M	$250.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.0747	+2.771%	$26K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.1090	+3.160%	$970K	$4.1M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.1244	+3.334%	$1.1M	$3.3M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.0802	+2.833%	$303K	$586K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance UNIUSDT	+0.0100%	8h	9.1261	+3.354%	$225.0M	$585.4M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.1100	+3.171%	$281K	$619K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.1240	+3.330%	$23.5M	$57.8M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.1250	+3.341%	$44.0M	$23.7M	200x	as long as short
KuCoin UNIUSDTMshort	+0.0100%	8h	9.1230	+3.318%	$13.9M	$13.5M	75x
Bitget UNIUSDT	+0.0100%	8h	9.1110	+3.182%	$33.1M	$41.4M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	9.1220	+3.307%	—	$51.8M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.0235	+2.192%	$170K	$342K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0290	+2.254%	$638K	$2.5M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0420	+2.401%	$89K	$713K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0410	+2.390%	$70K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.1146	+3.223%	$88K	$355K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.1280	+3.375%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.0582	+2.584%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.0490	+2.480%	$25K	$657K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.0631	+2.640%	$741K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.0500	+2.492%	$27.3M	$4.4M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	9.1002	+3.060%	$309K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0529	+2.525%	$32K	$1K	3x	as long as short
Backpack UNI_USDC_PERP	+0.0167%	1h	9.0595	+2.599%	$1.0M	$2.3M	10x	as long as short
01 Exchange UNIUSD	+0.0208%	1h	9.1212	+3.298%	$455	—	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.0460	+2.446%	$10.0M	$3.4M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0232%	1h	9.0590	+2.593%	$1.1M	$5.4M	50x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0280%	1h	9.0568	+2.568%	$583K	$175K	50x	as long as short
Reya UNIRUSDPERP	+0.0363%	1h	9.1115	+3.188%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0380% / S −0.0320%	1h	9.1257	+3.349%	$573K	—	120x	as long as short
Kraken Futures PF_UNIUSD	+0.0559%	1h	9.0553	+2.551%	$5.1M	$7.0M	50x	as long as short
Aftermath Perps UNIUSD	+0.0718%	1h	9.0301	+2.266%	$1K	$49K	10x	as long as short
Hyperliquid UNI	+0.0905%	1h	9.1263	+3.356%	$100.9M	$58.5M	10x	as long as short
Lighter UNI	+0.0984%	1h	9.0969	+3.023%	$4.7M	$5.1M	15x	as long as short