Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against Orderly+0.287%7-day average −0.003% · you sell dearer than you buy

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

Long on Orderly Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.067%−$7 on $10k

Price spread, last 4 days (all we have)−1.086%−$109 · spread now +0.287%, 7d avg −0.003%

Together, before fees−1.153%−$115 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: KuCoin is 0.290% dearer against Orderly than usual: you sell high and buy low, +$29 on $10k if it goes back to its 7-day average of −0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_UNI_USDC	9.0670	0.0100	pay 0.0100% / 8h	5h 36m	$16K	$1.7M	10x
Short	KuCoin UNIUSDTM	9.0930	0.0100	get 0.0100% / 8h	5h 36m	$13.6M	$12.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Orderly. 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 OrderlybpFee KuCoinbpOrdersPrice spread, now +0.287%Rate

Funding earned: $0
Price spread: +0.287% → −0.003%: $29.02
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $11.02
Costs to cover: 0.180%
Break-even: from the start

Slippage unknown: Orderly: no order-book sample; KuCoin: live order book, 2 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 Orderly no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 2 min ago	2.76 bp	15.1 bp −$15	20.7 bp −$207	54.0 bp −$5,399	doesn't fit

Orderly: 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
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0006%	1h	9.0706	+0.039%	$24K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−2.614%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0072%	1h	9.0917	+0.272%	$454	$5	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.0560	−0.121%	$947K	$4.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.0855	+0.204%	$1.0M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.0912	+0.266%	$296K	$568K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.0915	+0.270%	$226.3M	$609.8M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.0830	+0.176%	$102.1M	$107.9M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.0850	+0.199%	$56.1M	$252.7M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.0990	+0.353%	$288K	$619K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate UNI_USDT	+0.0100%	8h	9.0890	+0.243%	$23.5M	$59.6M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0940	+0.298%	$49.2M	$25.1M	200x	as long as short
KuCoin UNIUSDTMshort	+0.0100%	8h	9.0930	+0.287%	$13.6M	$12.9M	75x
Bitget UNIUSDT	+0.0100%	8h	9.0860	+0.210%	$33.3M	$42.6M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.0900	+0.254%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.0784	+0.126%	$989K	$2.2M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.0797	+0.140%	$4.2M	$4.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.0903	+0.257%	$171K	$344K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0631	−0.043%	$633K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0510	−0.176%	$89K	$695K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0680	+0.011%	$58K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.0652	−0.020%	$88K	$412K	10x	as long as short
Orderly PERP_UNI_USDClong	+0.0100%	8h	9.0670	long leg	$16K	$1.7M	10x
SunX UNI-USDT	+0.0100%	8h	9.0495	−0.193%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.0690	+0.022%	$22K	$755K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.0726	+0.062%	$708K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.0780	+0.121%	$27.4M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.0873	+0.223%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0835	+0.182%	$302K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0700	+0.033%	$32K	—	3x	as long as short
dYdX UNI-USD	+0.0121%	1h	9.0932	+0.289%	$239K	$30K	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.0790	+0.132%	$10.4M	$3.6M	75x	as long as short
Kraken Futures PF_UNIUSD	+0.0270%	1h	9.0752	+0.091%	$5.1M	$7.3M	50x	as long as short
Coinbase International UNI-PERP-INTX	+0.0296%	1h	9.0660	−0.011%	$1.1M	$5.0M	50x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0321%	1h	9.0751	+0.090%	$583K	$192K	50x	as long as short
Reya UNIRUSDPERP	+0.0370%	1h	9.0586	−0.092%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.0702	+0.035%	$644K	—	120x	as long as short
Hyperliquid UNI	+0.0542%	1h	9.0942	+0.300%	$98.7M	$59.5M	10x	as long as short
Lighter UNI	+0.0568%	1h	9.1091	+0.464%	$4.7M	$5.6M	15x	as long as short
Aftermath Perps UNIUSD	+0.0943%	1h	9.0833	+0.180%	$873	$47K	10x	as long as short