Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Arcus against KuCoin+0.134%7-day average +0.089% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$56as in the Price arb table

costs, in and out, $10k−$610.605% of the position

Long on KuCoin Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.036%+$4 on $10k

Price spread, last 4 days (all we have)+0.028%+$3 · spread now +0.134%, 7d avg +0.089%

Together, before fees+0.064%+$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: Arcus is 0.045% dearer against KuCoin than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.089%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin UNIUSDTM	8.9520	0.0100	pay 0.0100% / 8h	2h 16m	$13.0M	$13.5M	75x
Short	Arcus UNI-USD	8.9640	0.0100	get 0.0013% / 1h	16m 48s	$320K	$703K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against KuCoin. 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 KuCoinbpFee ArcusbpOrdersPrice spread, now +0.134%Rate

Funding earned: $0
Price spread: +0.134% → +0.089%: $4.49
Slippage, 4 orders: −$44.03
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$56.04
Costs to cover: 0.605%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 min ago; Arcus: live order book, 32 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 KuCoin live order book, 2 min ago	1.67 bp	21.6 bp −$22	30.0 bp −$300	75.7 bp −$7,570	doesn't fit
Sell Arcus live order book, 32 min ago	5.60 bp	11.0 bp −$11	13.8 bp −$138	doesn't fit	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
Nado UNI-PERP	−0.0057%	1h	8.9520	0.000%	$822K	$4.6M	10x	as long as short
Kraken Futures PF_UNIUSD	−0.0017%	1h	8.9509	−0.012%	$4.8M	$8.5M	50x	as long as short
01 Exchange UNIUSD	−0.0008%	1h	8.9519	−0.001%	$447	$5	10x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0007%	1h	8.9398	−0.136%	$49K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−1.363%	$660	$153K	12x	as long as short
Polymarket Perps UNI-USD	+0.0091%	1h	8.9442	−0.087%	$100K	$552K	10x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0093%	1h	8.9489	−0.035%	$573K	$202K	50x	as long as short
Lighter UNI	+0.0096%	1h	8.9614	+0.105%	$4.5M	$5.6M	15x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.9506	−0.016%	$26K	—	20x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.9580	+0.067%	$743K	$3.6M	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	8.9520	0.000%	$287K	$612K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.9571	+0.056%	$218.6M	$660.8M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	8.9540	+0.022%	$100.1M	$111.7M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	8.9580	+0.067%	$54.7M	$266.5M	50x	as long as short
Arcus UNI-USDshort	+0.0100%	1h	8.9640	+0.134%	$320K	$703K	10x
Gate UNI_USDT	+0.0100%	8h	8.9560	+0.045%	$24.5M	$66.2M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.9560	+0.045%	$49.4M	$27.2M	200x	as long as short
KuCoin UNIUSDTMlong	+0.0100%	8h	8.9520	long leg	$13.0M	$13.5M	75x
Bitget UNIUSDT	+0.0100%	8h	8.9620	+0.112%	$33.1M	$45.8M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.9540	+0.022%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.9575	+0.061%	$1.1M	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	8.8719	−0.894%	$4.1M	$4.2M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8793	−0.813%	$168K	$345K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.9630	+0.123%	$621K	$2.8M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.9610	+0.101%	$90K	$708K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.9840	+0.357%	$15K	$3.5M	20x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.9420	−0.112%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.9500	−0.022%	$36K	$1.4M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.9494	−0.029%	$32K	$865K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.9682	+0.181%	$713K	$5.0M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.9540	+0.022%	$27.0M	$4.5M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.9491	−0.032%	$301K	$1.7M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.9500	−0.022%	$32K	—	3x	as long as short
Hyperliquid UNI	+0.0150%	1h	8.9707	+0.209%	$95.4M	$66.1M	10x	as long as short
dYdX UNI-USD	+0.0175%	1h	8.9482	−0.042%	$236K	$31K	10x	as long as short
Coinbase International UNI-PERP-INTX	+0.0184%	1h	8.9520	0.000%	$942K	$5.6M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.9520	0.000%	$10.1M	$3.7M	75x	as long as short
Reya UNIRUSDPERP	+0.0377%	1h	8.9438	−0.092%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0243%	1h	8.9401	−0.133%	$636K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0478%	1h	8.9128	−0.438%	$1K	$54K	10x	as long as short