Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0135%/8h= +14.8% APRpaid last 24h +0.047%

Price spread now: Hyperliquid against KuCoin+0.122%7-day average +0.091% · you sell dearer than you buy

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$570.575% of the position

Long on KuCoin Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.231%+$23 on $10k

Price spread, last 7 days−0.075%−$7 · spread now +0.122%, 7d avg +0.091%

Together, before fees+0.156%+ Points / potential airdropHyperliquid: Season 2 · farm board+$16 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Hyperliquid is 0.031% dearer against KuCoin than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.091%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin UNIUSDTM	9.1180	0.0100	pay 0.0100% / 8h	6h 07m	$13.8M	$12.8M	75x
Short	Hyperliquid UNI	9.1291	0.0235	get 0.0029% / 1h	7m 00s	$99.2M	$58.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.122%Rate

Funding earned: $28.29
Price spread: +0.122% → +0.091%: $3.09
Slippage, 4 orders: −$36.48
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$26.1
Costs to cover: 0.575%
Break-even: 13.5 days

Slippage from KuCoin: live order book, 2 min ago; Hyperliquid: live order book, 7 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	24.4 bp −$24	31.9 bp −$319	73.5 bp −$7,354	doesn't fit
Sell Hyperliquid live order book, 7 min ago	0.38 bp	7.5 bp −$7	doesn't fit	doesn't fit	doesn't fit

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/USD	L +0.0004% / S −0.0004%	1h	9.1137	−0.047%	$19K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−3.159%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0064%	1h	9.1171	−0.010%	$455	$5	10x	as long as short
dYdX UNI-USD	+0.0085%	1h	9.1152	−0.031%	$240K	$30K	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.1040	−0.154%	$966K	$4.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.1228	+0.053%	$1.0M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.1153	−0.030%	$298K	$568K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.1209	+0.031%	$228.3M	$611.2M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.1170	−0.011%	$102.2M	$107.7M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.1240	+0.066%	$56.4M	$255.9M	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	9.1170	−0.011%	$289K	$640K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.1160	−0.022%	$23.4M	$59.3M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.1180	0.000%	$49.8M	$26.4M	200x	as long as short
KuCoin UNIUSDTMlong	+0.0100%	8h	9.1180	long leg	$13.8M	$12.8M	75x
Bitget UNIUSDT	+0.0100%	8h	9.1160	−0.022%	$33.4M	$42.9M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.1160	−0.022%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.1188	+0.009%	$998K	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.1039	−0.155%	$4.1M	$4.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.0788	−0.430%	$171K	$344K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0830	−0.384%	$639K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0740	−0.483%	$89K	$699K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.1080	−0.110%	$56K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.1202	+0.024%	$87K	$410K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.1130	−0.055%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.1306	+0.138%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.1216	+0.039%	$22K	$728K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.1219	+0.043%	$725K	$4.2M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.1200	+0.022%	$27.5M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.1026	−0.169%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.1118	−0.068%	$303K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.1180	−0.001%	$32K	—	3x	as long as short
Hyperliquid UNIshort	+0.0235%	1h	9.1291	+0.122%	$99.2M	$58.9M	10x
Coinbase International UNI-PERP-INTX	+0.0312%	1h	9.1170	−0.011%	$1.1M	$4.8M	50x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0363%	1h	9.1201	+0.022%	$592K	$188K	50x	as long as short
Reya UNIRUSDPERP	+0.0369%	1h	9.1139	−0.045%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.1132	−0.053%	$648K	—	120x	as long as short
Kraken Futures PF_UNIUSD	+0.0420%	1h	9.1270	+0.099%	$5.1M	$6.9M	50x	as long as short
Lighter UNI	+0.0504%	1h	9.1358	+0.195%	$4.7M	$5.3M	15x	as long as short
Aftermath Perps UNIUSD	+0.0953%	1h	9.1122	−0.063%	$1K	$48K	10x	as long as short