Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Extended against KuCoin+0.243%7-day average −0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$490.490% of the position

Long on KuCoin Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.104%+$10 on $10k

Price spread, last 7 days−0.239%−$24 · spread now +0.243%, 7d avg −0.029%

Together, before fees−0.135%+ Points / potential airdropExtended: Active · farm board−$13 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: Extended is 0.272% dearer against KuCoin than usual: you sell high and buy low, +$27 on $10k if it goes back to its 7-day average of −0.029%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin UNIUSDTM	9.0970	0.0100	pay 0.0100% / 8h	4h 46m	$13.6M	$13.1M	75x
Short	Extended UNI-USD	9.1191	0.0104	get 0.0013% / 1h	46m 25s	$298K	$1.6M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against KuCoin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 ExtendedbpOrdersPrice spread, now +0.243%Rate

Funding earned: $0.84
Price spread: +0.243% → −0.029%: $27.21
Slippage, 4 orders: −$32.01
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$20.96
Costs to cover: 0.490%
Break-even: 181.7 days

Slippage from KuCoin: live order book, 2 min ago; Extended: 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, 2 min ago	2.20 bp	18.0 bp −$18	26.4 bp −$264	83.6 bp −$8,357	doesn't fit
Sell Extended live order book, 2 min ago	1.32 bp	6.0 bp −$6	11.7 bp −$117	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
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	9.0935	−0.038%	$37K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−2.935%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0048%	1h	9.1162	+0.211%	$455	$5	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.1115	+0.159%	$926K	$4.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.1094	+0.136%	$1.0M	$3.0M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.1187	+0.238%	$295K	$590K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.1134	+0.180%	$225.7M	$630.4M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.1080	+0.121%	$102.1M	$110.7M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.1080	+0.121%	$55.9M	$259.1M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.0840	−0.143%	$288K	$633K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate UNI_USDT	+0.0100%	8h	9.1230	+0.286%	$23.7M	$62.8M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.1220	+0.275%	$48.7M	$25.2M	200x	as long as short
KuCoin UNIUSDTMlong	+0.0100%	8h	9.0970	long leg	$13.6M	$13.1M	75x
Bitget UNIUSDT	+0.0100%	8h	9.1030	+0.066%	$33.6M	$44.3M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.1270	+0.330%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.1110	+0.154%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.0589	−0.419%	$4.3M	$4.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.0557	−0.454%	$171K	$345K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0473	−0.546%	$627K	$2.7M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0570	−0.440%	$88K	$694K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0750	−0.242%	$36K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.1128	+0.174%	$88K	$423K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.0950	−0.022%	$16K	$1.6M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.1017	+0.052%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.0991	+0.023%	$22K	$782K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.1120	+0.165%	$716K	$4.5M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.1040	+0.077%	$27.5M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.1202	+0.255%	$26K	—	20x	as long as short
Extended UNI-USDshort	+0.0104%	1h	9.1191	+0.243%	$298K	$1.6M	25x
Aevo UNI-PERP	+0.0104%	1h	9.0945	−0.027%	$32K	—	3x	as long as short
dYdX UNI-USD	+0.0112%	1h	9.1154	+0.202%	$240K	$30K	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.0970	0.000%	$10.4M	$3.6M	75x	as long as short
Lighter UNI	+0.0232%	1h	9.1155	+0.203%	$4.6M	$5.8M	15x	as long as short
Coinbase International UNI-PERP-INTX	+0.0248%	1h	9.0850	−0.132%	$1.1M	$5.5M	50x	as long as short
Kraken Futures PF_UNIUSD	+0.0269%	1h	9.0988	+0.020%	$5.0M	$7.8M	50x	as long as short
Reya UNIRUSDPERP	+0.0372%	1h	9.0997	+0.029%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.0955	−0.016%	$647K	—	120x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0383%	1h	9.0986	+0.018%	$583K	$193K	50x	as long as short
Hyperliquid UNI	+0.0434%	1h	9.1166	+0.215%	$99.0M	$61.8M	10x	as long as short
Aftermath Perps UNIUSD	+0.1063%	1h	9.0946	−0.027%	$874	$46K	10x	as long as short