Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0288%/8h= +31.6% APRpaid last 24h +0.032%

Price spread now: dYdX against KuCoin−0.061%7-day average +0.018% · you buy dearer than you sell

Net, funding: paid 7d − costs−$67as in the Funding arb table

Net, price: spread back to 7d avg − costs−$103as in the Price arb table

costs, in and out, $10k−$950.950% of the position

Long on KuCoin Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.277%+$28 on $10k

Price spread, last 4 days (all we have)+0.169%+$17 · spread now −0.061%, 7d avg +0.018%

Together, before fees+0.445%+$45 on $10k · with fees, hour by hour

Funding pays, the price is against you. dYdX is 0.080% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.061% now, against its 7-day average of +0.018%). If the spread goes back, that is −$8 on $10k: about 22 hours of funding at the current rate (+$9 a day). At the pace of the last 7 days (+0.277% in total) that is about 2.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin UNIUSDTM	8.9990	0.0100	pay 0.0100% / 8h	3h 44m	$13.4M	$13.2M	75x
Short	dYdX UNI-USD	8.9935	0.0388	get 0.0049% / 1h	44m 42s	$237K	$30K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now −0.061%Rate

Funding earned: $60.55
Price spread: −0.061% → +0.018%: −$7.96
Slippage, 4 orders: −$73
Fee KuCoin: 6 bp × 2 orders: −$12
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$42.41
Costs to cover: 0.950%
Break-even: 11.9 days

Slippage from KuCoin: live order book, 4 min ago; dYdX: live order book, 9 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 KuCoin live order book, 4 min ago	1.66 bp	21.5 bp −$21	34.1 bp −$341	72.0 bp −$7,197	doesn't fit
Sell dYdX live order book, 9 min ago	21.54 bp	33.0 bp −$33	132.1 bp −$1,321	211.1 bp −$21.1K	341.6 bp −$170.8K

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 −0.0004%	1h	8.9947	−0.048%	$37K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−1.878%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0072%	1h	9.0134	+0.160%	$450	$5	10x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0073%	1h	9.0022	+0.035%	$577K	$207K	50x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.9845	−0.161%	$964K	$4.4M	10x	as long as short
Hyperliquid UNI	+0.0100%	1h	8.9985	−0.006%	$97.2M	$62.2M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.9950	−0.044%	$807K	$3.5M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.0010	+0.022%	$292K	$605K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.0019	+0.032%	$221.3M	$642.1M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	8.9990	0.000%	$101.2M	$111.5M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX UNI-USDT-SWAP	+0.0100%	8h	9.0010	+0.022%	$54.7M	$260.6M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.0200	+0.233%	$315K	$653K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.0000	+0.011%	$23.7M	$63.5M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0000	+0.011%	$47.2M	$25.5M	200x	as long as short
KuCoin UNIUSDTMlong	+0.0100%	8h	8.9990	long leg	$13.4M	$13.2M	75x
Bitget UNIUSDT	+0.0100%	8h	9.0030	+0.044%	$33.2M	$45.2M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.0070	+0.089%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.0024	+0.038%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.0239	+0.277%	$4.2M	$4.1M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.0306	+0.351%	$170K	$346K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0227	+0.263%	$639K	$2.8M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0320	+0.367%	$95K	$701K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0270	+0.311%	$15K	$3.4M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.9894	−0.107%	$86K	$433K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.9950	−0.044%	$16K	$1.4M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.9951	−0.043%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.0000	+0.011%	$21K	$801K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.0078	+0.098%	$710K	$4.8M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.0020	+0.033%	$27.2M	$4.4M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.9977	−0.014%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0025	+0.039%	$291K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.9996	+0.006%	$32K	—	3x	as long as short
Lighter UNI	+0.0112%	1h	9.0108	+0.131%	$4.6M	$5.8M	15x	as long as short
Coinbase International UNI-PERP-INTX	+0.0216%	1h	9.0000	+0.011%	$939K	$5.8M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.9980	−0.011%	$10.2M	$3.6M	75x	as long as short
Kraken Futures PF_UNIUSD	+0.0270%	1h	9.0034	+0.049%	$5.0M	$8.0M	50x	as long as short
Reya UNIRUSDPERP	+0.0374%	1h	8.9852	−0.153%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	8.9931	−0.066%	$640K	—	120x	as long as short
dYdX UNI-USDshort	+0.0388%	1h	8.9935	−0.061%	$237K	$30K	10x
Aftermath Perps UNIUSD	+0.0882%	1h	9.0317	+0.363%	$937	$46K	10x	as long as short