Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0261%/8h= −28.5% APRpaid last 24h −0.081%

Price spread now: KuCoin against Reya+0.051%7-day average — · you sell dearer than you buy

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

Long on Reya Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

The price spread pays, funding is against you. KuCoin is 0.051% dearer against Reya than usual: you sell high and buy low (spread +0.051% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 16 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya UNIRUSDPERP	8.7815	0.0361	pay 0.0045% / 1h	6m 01s	$16K	—	20x
Short	KuCoin UNIUSDTM	8.7860	0.0100	get 0.0100% / 8h	2h 06m	$13.3M	$13.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Reya. 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 ReyabpFee KuCoinbpOrdersPrice spread, now +0.051%Rate

Funding earned: −$54.72
Price spread: +0.051% → 0.000%: $5.12
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$67.6
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; KuCoin: live order book, 3 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 Reya no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 3 min ago	0.57 bp	9.6 bp −$10	14.2 bp −$142	54.7 bp −$5,466	doesn't fit

Reya: 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
Variational Omni UNI	−0.0125%	8h	8.8143	+0.373%	$3.9M	$4.7M	—	as long as short
Bybit UNIUSDT	−0.0067%	8h	8.7830	+0.017%	$100.2M	$106.2M	75x	as long as short
Deribit UNI_USDC-PERPETUAL	0.0000%	1h	8.7925	+0.125%	$562K	$155K	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0006%	1h	8.7854	+0.044%	$79K	—	150x	as long as short
OKX UNI-USDT-SWAP	+0.0030%	8h	8.7870	+0.063%	$54.2M	$245.6M	50x	as long as short
01 Exchange UNIUSD	+0.0040%	1h	8.7837	+0.025%	$438	—	10x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.7784	−0.035%	$25K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.7765	−0.057%	$850K	$4.0M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.7900	+0.097%	$1.0M	$3.4M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.7861	+0.053%	$298K	$565K	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	8.7872	+0.065%	$214.8M	$597.3M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.7900	+0.097%	$271K	$612K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.7870	+0.063%	$22.8M	$59.6M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.7860	+0.051%	$42.3M	$24.8M	200x	as long as short
KuCoin UNIUSDTMshort	+0.0100%	8h	8.7860	+0.051%	$13.3M	$13.9M	75x
Bitget UNIUSDT	+0.0100%	8h	8.7860	+0.051%	$31.8M	$41.6M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.7860	+0.051%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.7895	+0.091%	$976K	$2.3M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8113	+0.339%	$166K	$342K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8116	+0.343%	$612K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8150	+0.381%	$83K	$713K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8130	+0.359%	$105K	$3.2M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.7859	+0.050%	$86K	$346K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.7890	+0.085%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.7847	+0.036%	$35K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.7871	+0.064%	$25K	$668K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.8060	+0.279%	$719K	$4.4M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.7910	+0.108%	$26.4M	$4.5M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.7842	+0.030%	$300K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.7906	+0.103%	$31K	$1K	3x	as long as short
dYdX UNI-USD	+0.0173%	1h	8.7914	+0.113%	$243K	$6K	10x	as long as short
Coinbase International UNI-PERP-INTX	+0.0200%	1h	8.7910	+0.108%	$1.0M	$5.3M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.7910	+0.108%	$9.8M	$3.4M	75x	as long as short
Kraken Futures PF_UNIUSD	+0.0271%	1h	8.7944	+0.147%	$4.9M	$7.2M	50x	as long as short
Hyperliquid UNI	+0.0314%	1h	8.7977	+0.184%	$95.8M	$59.7M	10x	as long as short
Reya UNIRUSDPERPlong	+0.0361%	1h	8.7815	long leg	$16K	—	20x
GMX UNI/USD [UNI-USDC]	L +0.0379% / S −0.0320%	1h	8.7843	+0.032%	$551K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0589%	1h	8.8282	+0.532%	$1K	$50K	10x	as long as short
Lighter UNI	+0.0624%	1h	8.8043	+0.260%	$4.5M	$5.4M	15x	as long as short
Injective UNI/USDC PERP	+0.2702%	1h	8.7900	+0.097%	$657	$97K	12x	as long as short