Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0172%/8h= +18.8% APRpaid last 24h +0.032%

Price spread now: Coinbase International against KuCoin+0.022%7-day average +0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs−$71as in the Funding arb table

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

costs, in and out, $10k−$590.590% of the position

Long on KuCoin Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.115%−$11 on $10k

Price spread, last 3 days (all we have)+0.139%+$14 · spread now +0.022%, 7d avg +0.029%

Together, before fees+0.024%+$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.029%, so right now this pair is about funding alone: +$5 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.115%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin UNIUSDTM	9.0170	0.0100	pay 0.0100% / 8h	7h 57m	$13.6M	$13.5M	75x
Short	Coinbase International UNI-PERP-INTX	9.0190	0.0272	get 0.0034% / 1h	57m 15s	$1.1M	$5.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.022%Rate

Funding earned: $36.12
Price spread: +0.022% → +0.029%: −$0.64
Slippage, 4 orders: −$37.04
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$23.56
Costs to cover: 0.590%
Break-even: 11.6 days

Slippage from KuCoin: live order book, 1 min ago; Coinbase International: live order book, 2 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, 1 min ago	1.11 bp	16.5 bp −$17	27.3 bp −$273	62.5 bp −$6,251	doesn't fit
Sell Coinbase International live order book, 2 min ago	3.34 bp	12.6 bp −$13	18.2 bp −$182	274.7 bp −$27.5K	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
01 Exchange UNIUSD	−0.0016%	1h	9.0069	−0.112%	$449	—	10x	as long as short
dYdX UNI-USD	0.0000%	1h	8.9980	−0.210%	$249K	$6K	10x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	9.0176	+0.006%	$62K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−2.074%	$660	$154K	12x	as long as short
Phemex UNIUSDT	+0.0052%	8h	9.0150	−0.022%	$27.2M	$4.5M	50x	as long as short
Gate UNI_USDT	+0.0056%	8h	9.0160	−0.011%	$22.9M	$57.2M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0086%	8h	9.0100	−0.078%	$55.1M	$250.0M	50x	as long as short
Variational Omni UNI	+0.0090%	8h	9.0023	−0.163%	$4.1M	$4.4M	—	as long as short
Nado UNI-PERP	+0.0100%	1h	9.0115	−0.061%	$948K	$4.2M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.0235	+0.072%	$1.0M	$3.3M	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	9.0016	−0.170%	$299K	$591K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.0130	−0.044%	$223.1M	$592.1M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.0110	−0.067%	$101.7M	$106.2M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.0100	−0.078%	$270K	$614K	10x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0120	−0.055%	$44.1M	$23.3M	200x	as long as short
KuCoin UNIUSDTMlong	+0.0100%	8h	9.0170	long leg	$13.6M	$13.5M	75x
Bitget UNIUSDT	+0.0100%	8h	9.0080	−0.100%	$33.0M	$42.1M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.0170	0.000%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.0166	−0.004%	$1.1M	$2.4M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.9877	−0.325%	$169K	$342K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0010	−0.177%	$626K	$2.5M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0080	−0.100%	$88K	$708K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.9860	−0.344%	$36K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.0129	−0.045%	$86K	$372K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.0110	−0.067%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.0070	−0.111%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.0113	−0.063%	$21K	$680K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.0219	+0.054%	$723K	$4.4M	75x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.9999	−0.190%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0068	−0.113%	$302K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0109	−0.068%	$32K	—	3x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0167%	1h	9.0185	+0.017%	$581K	$178K	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.0140	−0.033%	$10.0M	$3.5M	75x	as long as short
Coinbase International UNI-PERP-INTXshort	+0.0272%	1h	9.0190	+0.022%	$1.1M	$5.4M	50x
Hyperliquid UNI	+0.0296%	1h	9.0247	+0.085%	$98.8M	$59.7M	10x	as long as short
Reya UNIRUSDPERP	+0.0365%	1h	9.0104	−0.073%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0382% / S −0.0323%	1h	9.0185	+0.016%	$570K	—	120x	as long as short
Kraken Futures PF_UNIUSD	+0.0389%	1h	9.0199	+0.032%	$5.0M	$7.0M	50x	as long as short
Lighter UNI	+0.0680%	1h	9.0318	+0.164%	$4.6M	$5.2M	15x	as long as short
Aftermath Perps UNIUSD	+0.0863%	1h	8.9956	−0.238%	$1K	$49K	10x	as long as short