Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0093%/8h= −10.2% APRpaid last 24h −0.029%

Price spread now: gTrade (Gains Network) against KuCoin−0.035%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on KuCoin Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.035% cheaper against KuCoin than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin UNIUSDTM	9.1830	0.0100	pay 0.0100% / 8h	6h 00m	$13.8M	$12.8M	75x
Short	gTrade (Gains Network) UNI/USD	9.1798	L +0.0004% / S −0.0007%	get 0.0001% / 1h	0m 03s	$26K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.035%Rate

Funding earned: −$19.57
Price spread: −0.035% → 0.000%: −$3.5
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$45.06
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 4 min ago; gTrade (Gains Network): no order-book sample. Net counts fees only.

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, 4 min ago	1.63 bp	20.4 bp −$20	29.1 bp −$291	65.2 bp −$6,522	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

UNI on 39 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/USDshort	L +0.0004% / S −0.0007%	1h	9.1798	−0.035%	$26K	—	150x
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−3.844%	$660	$154K	12x	as long as short
dYdX UNI-USD	+0.0075%	1h	9.1832	+0.002%	$242K	$30K	10x	as long as short
01 Exchange UNIUSD	+0.0080%	1h	9.1818	−0.013%	$458	$5	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.1795	−0.038%	$974K	$4.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.1735	−0.103%	$1.1M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.1872	+0.045%	$300K	$568K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.1620	−0.229%	$229.3M	$607.6M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.1590	−0.261%	$102.8M	$107.2M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.1620	−0.229%	$56.6M	$255.0M	50x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus UNI-USD	+0.0100%	1h	9.1890	+0.065%	$291K	$619K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.1630	−0.218%	$23.5M	$59.6M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.1650	−0.196%	$49.7M	$26.5M	200x	as long as short
KuCoin UNIUSDTMlong	+0.0100%	8h	9.1830	long leg	$13.8M	$12.8M	75x
Bitget UNIUSDT	+0.0100%	8h	9.1630	−0.218%	$33.5M	$42.4M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.1620	−0.229%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.1635	−0.212%	$1.0M	$2.2M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.1879	+0.053%	$4.2M	$4.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.1826	−0.004%	$173K	$346K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.1739	−0.099%	$638K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.1930	+0.109%	$90K	$699K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.1940	+0.120%	$57K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.1902	+0.078%	$89K	$408K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.1820	−0.011%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.1889	+0.064%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.1690	−0.152%	$22K	$727K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.1840	+0.011%	$729K	$4.2M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.1670	−0.174%	$27.7M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.1729	−0.110%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.1593	−0.258%	$304K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.1785	−0.049%	$33K	—	3x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0139%	1h	9.1828	−0.003%	$596K	$188K	50x	as long as short
Hyperliquid UNI	+0.0292%	1h	9.1715	−0.125%	$99.8M	$59.2M	10x	as long as short
Coinbase International UNI-PERP-INTX	+0.0312%	1h	9.1720	−0.120%	$1.1M	$4.7M	50x	as long as short
Reya UNIRUSDPERP	+0.0369%	1h	9.1756	−0.080%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.1808	−0.024%	$654K	—	120x	as long as short
Kraken Futures PF_UNIUSD	+0.0418%	1h	9.1694	−0.148%	$5.1M	$6.9M	50x	as long as short
Lighter UNI	+0.0520%	1h	9.1838	+0.009%	$4.8M	$5.5M	15x	as long as short
Aftermath Perps UNIUSD	+0.0913%	1h	9.1652	−0.194%	$1K	$47K	10x	as long as short