Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: GRVT against KuCoin+0.121%7-day average +0.022% · you sell dearer than you buy

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$530.530% of the position

Long on KuCoin Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.039%+$4 on $10k

Price spread, last 7 days−0.127%−$13 · spread now +0.121%, 7d avg +0.022%

Together, before fees−0.088%+ Points / potential airdropGRVT: Active · farm board−$9 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: GRVT is 0.099% dearer against KuCoin than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of +0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin UNIUSDTM	9.0100	0.0100	pay 0.0100% / 8h	7h 11m	$13.2M	$12.5M	75x
Short	GRVT UNI_USDT_Perp	9.0209	0.0100	get 0.0100% / 8h	7h 11m	$630K	$2.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.121%Rate

Funding earned: $0
Price spread: +0.121% → +0.022%: $9.86
Slippage, 4 orders: −$31.99
Fee KuCoin: 6 bp × 2 orders: −$12
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$43.14
Costs to cover: 0.530%
Break-even: never at this rate

Slippage from KuCoin: live order book, 7 min ago; GRVT: 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, 7 min ago	1.66 bp	19.0 bp −$19	34.8 bp −$348	71.2 bp −$7,124	doesn't fit
Sell GRVT live order book, 2 min ago	1.67 bp	7.0 bp −$7	17.2 bp −$172	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
Kraken Futures PF_UNIUSD	−0.0061%	1h	9.0135	+0.039%	$4.8M	$8.5M	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0005%	1h	9.0091	−0.010%	$77K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−1.998%	$660	$153K	12x	as long as short
01 Exchange UNIUSD	+0.0088%	1h	9.0135	+0.039%	$476	$31	10x	as long as short
Nado UNI-PERP	+0.0090%	1h	9.0135	+0.039%	$727K	$4.4M	10x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0090%	1h	9.0099	−0.001%	$596K	$249K	50x	as long as short
Lighter UNI	+0.0096%	1h	9.0186	+0.095%	$4.4M	$5.6M	15x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.0091	−0.010%	$26K	—	20x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.0120	+0.022%	$742K	$3.2M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.0154	+0.060%	$291K	$555K	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	9.0070	−0.033%	$217.7M	$635.9M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.0040	−0.067%	$99.8M	$107.6M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.0030	−0.078%	$54.9M	$258.2M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.0200	+0.111%	$325K	$702K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.0120	+0.022%	$27.2M	$63.3M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0110	+0.011%	$47.6M	$25.8M	200x	as long as short
KuCoin UNIUSDTMlong	+0.0100%	8h	9.0100	long leg	$13.2M	$12.5M	75x
Bitget UNIUSDT	+0.0100%	8h	9.0050	−0.055%	$33.6M	$45.4M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.0070	−0.033%	—	$6.5M	—	as long as short
Variational Omni UNI	+0.0100%	8h	9.0442	+0.379%	$4.2M	$3.9M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.0291	+0.212%	$171K	$348K	20x	as long as short
GRVT UNI_USDT_Perpshort	+0.0100%	8h	9.0209	+0.121%	$630K	$2.6M	10x
ApeX Omni UNIUSDT	+0.0100%	1h	9.0020	−0.089%	$91K	$708K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0100	0.000%	$33K	$3.5M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.0157	+0.063%	$104K	$609K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.0090	−0.011%	$17K	$2.5M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.0192	+0.102%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.0080	−0.022%	$32K	$860K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.0276	+0.195%	$710K	$4.5M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.0100	0.000%	$27.2M	$4.4M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0088	−0.013%	$297K	$1.8M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0057	−0.048%	$32K	—	3x	as long as short
Hyperliquid UNI	+0.0179%	1h	9.0210	+0.122%	$96.6M	$67.7M	10x	as long as short
Coinbase International UNI-PERP-INTX	+0.0208%	1h	9.0190	+0.100%	$936K	$5.3M	50x	as long as short
Backpack UNI_USDC_PERP	+0.0208%	1h	9.0228	+0.142%	$1.1M	$2.5M	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.0100	0.000%	$10.1M	$3.7M	75x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.0088	−0.014%	$640K	—	120x	as long as short
Reya UNIRUSDPERP	+0.0383%	1h	9.0057	−0.048%	$16K	—	20x	as long as short
dYdX UNI-USD	+0.0459%	1h	9.0145	+0.050%	$236K	$32K	10x	as long as short
Aftermath Perps UNIUSD	+0.0468%	1h	9.0138	+0.043%	$1K	$51K	10x	as long as short