Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0486%/8h= +53.3% APRpaid last 24h +0.222%

Price spread now: Aftermath Perps against KuCoin−0.434%45s7-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 Aftermath Perps

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—needs both histories

Funding pays, the price is against you. Aftermath Perps is 0.434% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.434% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$43 on $10k: about 3.0 days of funding at the current rate (+$15 a day). The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin UNIUSDTM	8.8640	0.0100	pay 0.0100% / 8h	3h 32m	$13.8M	$13.7M	75x
Short	Aftermath Perps UNIUSD	8.8255	0.0586	get 0.0073% / 1h	32m 32s	$1K	$51K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps 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 Aftermath PerpsbpOrdersPrice spread, now −0.434%Rate

Funding earned: $102.15
Price spread: −0.434% → 0.000%: −$43.45
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: $37.7
Costs to cover: 0.210%
Break-even: 4.4 days

Slippage unknown: KuCoin: live order book, 2 min ago; Aftermath Perps: 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, 2 min ago	1.13 bp	19.7 bp −$20	26.1 bp −$261	71.0 bp −$7,099	doesn't fit
Sell Aftermath Perps no order-book sample	—	—	—	—	—

Aftermath Perps: 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	−0.0206%	8h	8.8156	−0.546%	$3.9M	$4.9M	—	as long as short
Bybit UNIUSDT	−0.0206%	8h	8.8420	−0.248%	$103.2M	$105.3M	75x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	8.8394	−0.278%	$61K	—	150x	as long as short
OKX UNI-USDT-SWAP	+0.0005%	8h	8.8530	−0.124%	$54.9M	$248.0M	50x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0084%	1h	8.8417	−0.251%	$552K	$129K	50x	as long as short
01 Exchange UNIUSD	+0.0088%	1h	8.8546	−0.106%	$442	—	10x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8521	−0.135%	$25K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.8298	−0.386%	$850K	$3.9M	10x	as long as short
Hyperliquid UNI	+0.0100%	1h	8.8768	+0.144%	$96.4M	$59.8M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.8700	+0.068%	$1.1M	$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	8.8606	−0.039%	$299K	$564K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.8481	−0.180%	$217.1M	$597.4M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.8580	−0.068%	$273K	$596K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.8520	−0.135%	$22.7M	$59.5M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.8580	−0.068%	$43.2M	$24.6M	200x	as long as short
KuCoin UNIUSDTMlong	+0.0100%	8h	8.8640	long leg	$13.8M	$13.7M	75x
Bitget UNIUSDT	+0.0100%	8h	8.8540	−0.113%	$32.0M	$41.2M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	8.8520	−0.135%	—	$50.7M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8567	−0.082%	$981K	$2.4M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8246	−0.444%	$166K	$343K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8241	−0.450%	$619K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8300	−0.384%	$83K	$726K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8320	−0.361%	$105K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.8398	−0.273%	$90K	$336K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8340	−0.338%	$15K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.8411	−0.258%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.8348	−0.329%	$25K	$670K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.8600	−0.045%	$706K	$4.2M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8490	−0.169%	$26.6M	$4.3M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8493	−0.166%	$308K	$1.4M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8391	−0.281%	$31K	$1K	3x	as long as short
Coinbase International UNI-PERP-INTX	+0.0192%	1h	8.8460	−0.203%	$1.0M	$5.4M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.8560	−0.090%	$9.8M	$3.3M	75x	as long as short
dYdX UNI-USD	+0.0237%	1h	8.8641	+0.001%	$245K	$5K	10x	as long as short
Kraken Futures PF_UNIUSD	+0.0317%	1h	8.8410	−0.260%	$5.0M	$7.4M	50x	as long as short
Reya UNIRUSDPERP	+0.0358%	1h	8.8367	−0.308%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0321%	1h	8.8370	−0.304%	$554K	—	120x	as long as short
Aftermath Perps UNIUSDshort	+0.0586%	1h	8.8255	−0.434%	$1K	$51K	10x
Lighter UNI	+0.0640%	1h	8.8763	+0.139%	$4.6M	$5.3M	15x	as long as short
Injective UNI/USDC PERP	+0.4514%	1h	8.7900	−0.835%	$657	$97K	12x	as long as short