Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0149%/8h= −16.4% APRpaid last 24h +0.182%

Price spread now: Injective against KuCoin−3.212%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 Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.470%−$47 on $10k

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 −$4 a day on $10k at the current rate, and Injective is 3.212% cheaper against KuCoin than usual: you would sell low and buy high (−$321 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	9.1230	0.0100	pay 0.0100% / 8h	51m 17s	$13.9M	$13.5M	75x
Short	Injective UNI/USDC PERP	8.8300	−0.0049	pay 0.0006% / 1h	51m 17s	$660	$155K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −3.212%Rate

Funding earned: −$31.39
Price spread: −3.212% → 0.000%: −$321.17
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$364.58
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 7 min ago; Injective: 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, 7 min ago	1.67 bp	21.0 bp −$21	30.6 bp −$306	68.3 bp −$6,835	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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 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
Injective UNI/USDC PERPshort	−0.0049%	1h	8.8300	−3.212%	$660	$155K	12x
Variational Omni UNI	−0.0010%	8h	9.0073	−1.268%	$4.0M	$4.4M	—	as long as short
dYdX UNI-USD	0.0000%	1h	9.0767	−0.507%	$251K	$6K	10x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	9.1243	+0.015%	$63K	—	150x	as long as short
Bybit UNIUSDT	+0.0046%	8h	9.1270	+0.044%	$104.3M	$104.1M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0078%	8h	9.1240	+0.011%	$56.3M	$251.0M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.0747	−0.530%	$26K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.1090	−0.153%	$970K	$4.1M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.1376	+0.160%	$1.1M	$3.3M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.0802	−0.469%	$303K	$586K	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	9.1306	+0.083%	$225.1M	$585.5M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.1100	−0.142%	$281K	$619K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.1240	+0.011%	$23.5M	$57.8M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.1250	+0.022%	$44.0M	$23.7M	200x	as long as short
KuCoin UNIUSDTMlong	+0.0100%	8h	9.1230	long leg	$13.9M	$13.5M	75x
Bitget UNIUSDT	+0.0100%	8h	9.1270	+0.044%	$33.1M	$41.4M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.1230	0.000%	—	$6.5M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.0235	−1.090%	$170K	$342K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0290	−1.030%	$638K	$2.5M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0420	−0.888%	$89K	$713K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0410	−0.899%	$70K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.1146	−0.092%	$88K	$355K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.1280	+0.055%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.1341	+0.122%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.1319	+0.098%	$25K	$662K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.1314	+0.092%	$745K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.1290	+0.066%	$27.5M	$4.4M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	9.1277	+0.052%	$314K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.1281	+0.056%	$32K	$1K	3x	as long as short
Backpack UNI_USDC_PERP	+0.0167%	1h	9.0595	−0.696%	$1.0M	$2.3M	10x	as long as short
01 Exchange UNIUSD	+0.0208%	1h	9.1212	−0.020%	$455	—	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.1300	+0.077%	$10.0M	$3.5M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0232%	1h	9.1320	+0.099%	$1.1M	$5.5M	50x	as long as short
Reya UNIRUSDPERP	+0.0363%	1h	9.1115	−0.126%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0380% / S −0.0320%	1h	9.1257	+0.029%	$573K	—	120x	as long as short
Kraken Futures PF_UNIUSD	+0.0554%	1h	9.1373	+0.157%	$5.1M	$7.0M	50x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0592%	1h	9.1354	+0.136%	$588K	$175K	50x	as long as short
Aftermath Perps UNIUSD	+0.0718%	1h	9.0301	−1.018%	$1K	$49K	10x	as long as short
Hyperliquid UNI	+0.0905%	1h	9.1263	+0.036%	$100.9M	$58.5M	10x	as long as short
Lighter UNI	+0.0984%	1h	9.1495	+0.290%	$4.7M	$5.2M	15x	as long as short