UNI

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0285%/8h= −31.2% APRnext payment −$2.85 per $10,000 · paid last 24h −0.027%

Price spread now: Variational Omni against KuCoin−0.974%7-day average −0.026% · you buy dearer than you sell

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

Long on KuCoin Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.018%−$2 on $10k

Price spread, last 7 days+0.922%+$92 · spread now −0.974%, 7d avg −0.026%

Together, before fees+0.904%+ Points / potential airdropVariational Omni: Active · farm board+$90 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Variational Omni is 0.948% cheaper against KuCoin than usual: you would sell low and buy high (−$95 if the spread goes back to its 7-day average of −0.026%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.018% in total (about -2.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.85 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin UNIUSDTM	8.9160	0.0100	pay 0.0100% / 8h	2h 30m	$13.8M	$13.7M	75x
Short	Variational Omni UNI	8.8292	−0.0185	pay 0.0185% / 8h	2h 30m	$3.9M	$4.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.974%Rate

Funding earned: −$59.88
Price spread: −0.974% → −0.026%: −$94.75
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$166.63
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 3 min ago; Variational Omni: RFQ quote, 4 min ago. 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, 3 min ago	2.25 bp	15.4 bp −$15	22.2 bp −$222	81.0 bp −$8,100	doesn't fit
Sell Variational Omni RFQ quote, 4 min ago	3.27 bp	doesn't fit	18.0 bp −$180	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
Variational Omni UNIshort	−0.0185%	8h	8.8292	−0.974%	$3.9M	$4.6M	—
Bybit UNIUSDT	−0.0143%	8h	8.9130	−0.034%	$101.7M	$105.6M	75x	as long as short
Deribit UNI_USDC-PERPETUAL	0.0000%	1h	8.9065	−0.106%	$563K	$136K	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0006%	1h	8.9121	−0.044%	$80K	—	150x	as long as short
01 Exchange UNIUSD	+0.0008%	1h	8.9198	+0.043%	$445	—	10x	as long as short
OKX UNI-USDT-SWAP	+0.0014%	8h	8.9120	−0.045%	$54.8M	$247.8M	50x	as long as short
dYdX UNI-USD	+0.0090%	1h	8.9156	−0.005%	$247K	$5K	10x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.9101	−0.066%	$25K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.9127	−0.036%	$853K	$3.9M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.9200	+0.045%	$1.0M	$3.4M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica UNI	+0.0100%	1h	8.9160	0.000%	$298K	$561K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.9130	−0.034%	$218.0M	$594.7M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.9220	+0.067%	$275K	$612K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.9130	−0.034%	$23.1M	$59.2M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.9150	−0.011%	$43.3M	$24.6M	200x	as long as short
KuCoin UNIUSDTMlong	+0.0100%	8h	8.9160	long leg	$13.8M	$13.7M	75x
Bitget UNIUSDT	+0.0100%	8h	8.9170	+0.011%	$32.4M	$41.4M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	8.9100	−0.067%	—	$49.9M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.9162	+0.002%	$991K	$2.3M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8743	−0.468%	$167K	$344K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8615	−0.611%	$619K	$2.5M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8860	−0.336%	$84K	$712K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.9170	+0.011%	$106K	$3.2M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.9182	+0.025%	$87K	$323K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.9000	−0.179%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.9189	+0.033%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.9002	−0.177%	$25K	$666K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.9233	+0.082%	$728K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.9030	−0.146%	$26.8M	$4.3M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.9100	−0.068%	$302K	$1.4M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.9021	−0.155%	$32K	$1K	3x	as long as short
Coinbase International UNI-PERP-INTX	+0.0200%	1h	8.9080	−0.090%	$1.0M	$5.4M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.9020	−0.157%	$9.8M	$3.3M	75x	as long as short
Kraken Futures PF_UNIUSD	+0.0267%	1h	8.9021	−0.156%	$5.0M	$7.1M	50x	as long as short
Hyperliquid UNI	+0.0304%	1h	8.9261	+0.113%	$97.1M	$59.9M	10x	as long as short
Reya UNIRUSDPERP	+0.0360%	1h	8.9171	+0.012%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0379% / S −0.0320%	1h	8.9018	−0.159%	$557K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0505%	1h	8.8763	−0.446%	$1K	$50K	10x	as long as short
Lighter UNI	+0.0536%	1h	8.9309	+0.167%	$4.6M	$5.4M	15x	as long as short
Injective UNI/USDC PERP	+0.2702%	1h	8.7900	−1.413%	$657	$97K	12x	as long as short