Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.026%

Price spread now: Bybit against KuCoin−0.067%7-day average −0.048% · you buy dearer than you sell

Net, funding: paid 7d − costs−$61as in the Funding arb table

Net, price: spread back to 7d avg − costs−$60as in the Price arb table

costs, in and out, $10k−$580.577% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.029%−$3 on $10k

Price spread, last 7 days+0.029%+$3 · spread now −0.067%, 7d avg −0.048%

Together, before fees0.000%$0 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin UNIUSDTM	8.9260	0.0100	pay 0.0100% / 8h	0m 28s	$13.0M	$13.2M	75x
Short	Bybit UNIUSDT	8.9200	0.0100	get 0.0100% / 8h	0m 28s	$99.0M	$110.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.067%Rate

Funding earned: $0
Price spread: −0.067% → −0.048%: −$1.95
Slippage, 4 orders: −$34.66
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$59.6
Costs to cover: 0.577%
Break-even: never at this rate

Slippage from KuCoin: live order book, 8 min ago; Bybit: live order book, 4 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, 8 min ago	0.56 bp	16.4 bp −$16	21.8 bp −$218	64.1 bp −$6,411	doesn't fit
Sell Bybit live order book, 4 min ago	0.56 bp	8.1 bp −$8	16.4 bp −$164	36.8 bp −$3,675	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
Kraken Futures PF_UNIUSD	−0.0304%	1h	8.9341	+0.091%	$4.7M	$8.6M	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0005%	1h	8.9274	+0.016%	$77K	—	150x	as long as short
01 Exchange UNIUSD	+0.0016%	1h	8.9265	+0.006%	$445	$5	10x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−1.076%	$660	$153K	12x	as long as short
Nado UNI-PERP	+0.0035%	1h	8.9202	−0.064%	$729K	$4.7M	10x	as long as short
Lighter UNI	+0.0096%	1h	8.9365	+0.118%	$4.5M	$5.7M	15x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.9212	−0.054%	$25K	—	20x	as long as short
Hyperliquid UNI	+0.0100%	1h	8.9322	+0.070%	$95.3M	$67.7M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.9268	+0.009%	$725K	$3.2M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.9270	+0.011%	$288K	$588K	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	8.9217	−0.048%	$217.1M	$652.2M	75x	as long as short
Bybit UNIUSDTshort	+0.0100%	8h	8.9200	−0.067%	$99.0M	$110.6M	75x
OKX UNI-USDT-SWAP	+0.0100%	8h	8.9200	−0.067%	$54.7M	$262.5M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.9300	+0.045%	$320K	$698K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.9260	0.000%	$26.3M	$66.9M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.9230	−0.034%	$48.1M	$26.4M	200x	as long as short
KuCoin UNIUSDTMlong	+0.0100%	8h	8.9260	long leg	$13.0M	$13.2M	75x
Bitget UNIUSDT	+0.0100%	8h	8.9210	−0.056%	$32.6M	$45.4M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.9250	−0.011%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.9394	+0.150%	$1.1M	$2.5M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	8.9263	+0.003%	$4.1M	$4.1M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8764	−0.556%	$168K	$348K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8970	−0.325%	$624K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8750	−0.571%	$89K	$710K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.9270	+0.011%	$14K	$3.5M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.9255	−0.006%	$104K	$617K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.9260	0.000%	$17K	$2.3M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.9349	+0.100%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.9265	+0.006%	$32K	$883K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.9232	−0.031%	$705K	$4.7M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.9290	+0.034%	$27.0M	$4.4M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.9201	−0.066%	$301K	$1.8M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.9275	+0.017%	$32K	—	3x	as long as short
Coinbase International UNI-PERP-INTX	+0.0200%	1h	8.9410	+0.168%	$930K	$5.5M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.9280	+0.022%	$10.1M	$3.6M	75x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0318%	1h	8.9297	+0.041%	$592K	$273K	50x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0243%	1h	8.9266	+0.007%	$635K	—	120x	as long as short
Reya UNIRUSDPERP	+0.0382%	1h	8.9212	−0.054%	$16K	—	20x	as long as short
Aftermath Perps UNIUSD	+0.0434%	1h	8.8943	−0.355%	$1K	$52K	10x	as long as short
dYdX UNI-USD	+0.0594%	1h	8.9212	−0.054%	$235K	$30K	10x	as long as short