Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0334%/8h= +36.5% APRpaid last 24h +0.029%

Price spread now: dYdX against KuCoin−0.028%7-day average +0.017% · you buy dearer than you sell

Net, funding: paid 7d − costs−$64as in the Funding arb table

Net, price: spread back to 7d avg − costs−$98as in the Price arb table

costs, in and out, $10k−$930.933% of the position

Long on KuCoin Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.293%+$29 on $10k

Price spread, last 4 days (all we have)+0.034%+$3 · spread now −0.028%, 7d avg +0.017%

Together, before fees+0.327%+$33 on $10k · with fees, hour by hour

Funding pays, the price is against you. dYdX is 0.045% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.028% now, against its 7-day average of +0.017%). If the spread goes back, that is −$5 on $10k: about 11 hours of funding at the current rate (+$10 a day). At the pace of the last 7 days (+0.293% in total) that is about 26 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin UNIUSDTM	8.9410	0.0100	pay 0.0100% / 8h	7h 45m	$13.0M	$13.3M	75x
Short	dYdX UNI-USD	8.9385	0.0434	get 0.0054% / 1h	45m 08s	$235K	$31K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now −0.028%Rate

Funding earned: $70.06
Price spread: −0.028% → +0.017%: −$4.53
Slippage, 4 orders: −$71.32
Fee KuCoin: 6 bp × 2 orders: −$12
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$27.78
Costs to cover: 0.933%
Break-even: 9.8 days

Slippage from KuCoin: live order book, 3 min ago; dYdX: live order book, 54 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, 3 min ago	1.68 bp	18.7 bp −$19	29.0 bp −$290	73.0 bp −$7,300	doesn't fit
Sell dYdX live order book, 54 min ago	21.99 bp	27.5 bp −$28	95.2 bp −$952	196.5 bp −$19.7K	395.5 bp −$197.7K

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	−0.0062%	1h	8.9448	+0.043%	$4.7M	$8.6M	50x	as long as short
Deribit UNI_USDC-PERPETUAL	0.0000%	1h	8.9438	+0.032%	$592K	$273K	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0005%	1h	8.9385	−0.028%	$77K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−1.241%	$660	$153K	12x	as long as short
Phemex UNIUSDT	+0.0036%	8h	8.9390	−0.022%	$27.0M	$4.4M	50x	as long as short
Nado UNI-PERP	+0.0084%	1h	8.9350	−0.067%	$733K	$4.7M	10x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.9310	−0.112%	$25K	—	20x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.9496	+0.096%	$727K	$3.2M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.9360	−0.056%	$290K	$568K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.9484	+0.082%	$217.8M	$653.2M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit UNIUSDT	+0.0100%	8h	8.9450	+0.045%	$99.2M	$110.7M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	8.9440	+0.034%	$54.7M	$263.7M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.9460	+0.056%	$324K	$701K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.9480	+0.078%	$26.8M	$62.6M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.9450	+0.045%	$48.1M	$25.3M	200x	as long as short
KuCoin UNIUSDTMlong	+0.0100%	8h	8.9410	long leg	$13.0M	$13.3M	75x
Bitget UNIUSDT	+0.0100%	8h	8.9460	+0.056%	$33.1M	$46.2M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.9440	+0.034%	—	$6.5M	—	as long as short
Variational Omni UNI	+0.0100%	8h	8.9470	+0.067%	$4.1M	$4.0M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.9460	+0.056%	$169K	$347K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.9609	+0.222%	$633K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.9610	+0.224%	$90K	$709K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.9530	+0.134%	$14K	$3.5M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.9410	0.000%	$105K	$616K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.9420	+0.011%	$17K	$2.4M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.9452	+0.047%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.9393	−0.019%	$32K	$894K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.9477	+0.075%	$709K	$4.7M	75x	as long as short
Extended UNI-USD	+0.0104%	1h	8.9351	−0.066%	$300K	$1.8M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.9397	−0.015%	$32K	—	3x	as long as short
01 Exchange UNIUSD	+0.0136%	1h	8.9433	+0.026%	$446	$5	10x	as long as short
Hyperliquid UNI	+0.0142%	1h	8.9577	+0.187%	$95.6M	$67.7M	10x	as long as short
Lighter UNI	+0.0160%	1h	8.9534	+0.139%	$4.5M	$5.4M	15x	as long as short
Coinbase International UNI-PERP-INTX	+0.0208%	1h	8.9510	+0.112%	$931K	$5.5M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.9390	−0.022%	$10.2M	$3.7M	75x	as long as short
Backpack UNI_USDC_PERP	+0.0291%	1h	8.9534	+0.139%	$1.1M	$2.5M	10x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0243%	1h	8.9389	−0.024%	$636K	—	120x	as long as short
Reya UNIRUSDPERP	+0.0382%	1h	8.9373	−0.042%	$16K	—	20x	as long as short
Aftermath Perps UNIUSD	+0.0393%	1h	8.9429	+0.021%	$1K	$52K	10x	as long as short
dYdX UNI-USDshort	+0.0434%	1h	8.9385	−0.028%	$235K	$31K	10x