Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0022%/8h= +2.4% APRpaid last 24h −0.001%

Price spread now: KuCoin against Deribit−0.055%7-day average −0.059% · you buy dearer than you sell

Net, funding: paid 7d − costs−$58as in the Funding arb table

Net, price: spread back to 7d avg − costs−$64as in the Price arb table

costs, in and out, $10k−$640.639% of the position

Long on Deribit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.054%+$5 on $10k

Price spread, last 3 days (all we have)−0.214%−$21 · spread now −0.055%, 7d avg −0.059%

Together, before fees−0.159%−$16 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.059%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit UNI_USDC-PERPETUAL	9.0330	0.0078	pay 0.0010% / 1h	40m 13s	$582K	$176K	50x
Short	KuCoin UNIUSDTM	9.0280	0.0100	get 0.0100% / 8h	40m 13s	$13.7M	$13.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Deribit. 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 DeribitbpFee KuCoinbpOrdersPrice spread, now −0.055%Rate

Funding earned: $4.62
Price spread: −0.055% → −0.059%: $0.31
Slippage, 4 orders: −$44.89
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$58.96
Costs to cover: 0.639%
Break-even: 96.3 days

Slippage from Deribit: live order book, 39 min ago; KuCoin: live order book, 3 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 Deribit live order book, 39 min ago	6.97 bp	17.5 bp −$17	24.3 bp −$243	doesn't fit	doesn't fit
Sell KuCoin live order book, 3 min ago	0.55 bp	16.0 bp −$16	18.5 bp −$185	57.8 bp −$5,780	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
Injective UNI/USDC PERP	−0.0049%	1h	8.8300	−2.247%	$660	$155K	12x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	9.0288	−0.047%	$62K	—	150x	as long as short
Variational Omni UNI	+0.0022%	8h	9.0514	+0.203%	$4.1M	$4.4M	—	as long as short
dYdX UNI-USD	+0.0061%	1h	9.0338	+0.009%	$250K	$6K	10x	as long as short
Bybit UNIUSDT	+0.0067%	8h	9.0270	−0.067%	$103.1M	$104.5M	75x	as long as short
Deribit UNI_USDC-PERPETUALlong	+0.0078%	1h	9.0330	long leg	$582K	$176K	50x
OKX UNI-USDT-SWAP	+0.0086%	8h	9.0260	−0.078%	$55.4M	$249.9M	50x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.0245	−0.094%	$956K	$4.2M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.0355	+0.028%	$1.0M	$3.3M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.0337	+0.008%	$300K	$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	9.0300	−0.033%	$223.4M	$588.7M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.0370	+0.044%	$279K	$620K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.0300	−0.033%	$23.2M	$58.4M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0300	−0.033%	$43.5M	$23.9M	200x	as long as short
KuCoin UNIUSDTMshort	+0.0100%	8h	9.0280	−0.055%	$13.7M	$13.5M	75x
Bitget UNIUSDT	+0.0100%	8h	9.0260	−0.078%	$33.0M	$42.1M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	9.0270	−0.067%	—	$51.9M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.0499	+0.187%	$170K	$345K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0347	+0.019%	$629K	$2.5M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0500	+0.188%	$89K	$712K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0470	+0.155%	$36K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.0296	−0.038%	$88K	$356K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.0280	−0.055%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.0352	+0.024%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.0290	−0.044%	$25K	$669K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.0536	+0.228%	$739K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.0330	0.000%	$27.3M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.0257	−0.081%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0259	−0.078%	$305K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0289	−0.046%	$32K	$1K	3x	as long as short
Backpack UNI_USDC_PERP	+0.0151%	1h	9.0539	+0.231%	$1.0M	$2.4M	10x	as long as short
01 Exchange UNIUSD	+0.0216%	1h	9.0334	+0.004%	$451	—	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.0510	+0.199%	$10.2M	$3.5M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0232%	1h	9.0380	+0.055%	$1.1M	$5.4M	50x	as long as short
Reya UNIRUSDPERP	+0.0364%	1h	9.0261	−0.076%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0380% / S −0.0320%	1h	9.0288	−0.047%	$568K	—	120x	as long as short
Kraken Futures PF_UNIUSD	+0.0560%	1h	9.0357	+0.030%	$5.0M	$7.0M	50x	as long as short
Hyperliquid UNI	+0.0685%	1h	9.0391	+0.067%	$99.5M	$59.2M	10x	as long as short
Aftermath Perps UNIUSD	+0.0792%	1h	9.0509	+0.198%	$1K	$49K	10x	as long as short
Lighter UNI	+0.1032%	1h	9.0451	+0.134%	$4.6M	$5.2M	15x	as long as short