Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0093%/8h= −10.2% APRpaid last 24h −0.029%

Price spread now: gTrade (Gains Network) against KuCoin+0.025%7-day average — · you sell dearer than you buy

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

Long on KuCoin Short on gTrade (Gains Network)

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

The price spread pays, funding is against you. gTrade (Gains Network) is 0.025% dearer against KuCoin than usual: you sell high and buy low (spread +0.025% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 21 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin UNIUSDTM	8.9160	0.0100	pay 0.0100% / 8h	1h 40m	$13.1M	$13.4M	75x
Short	gTrade (Gains Network) UNI/USD	8.9182	L +0.0004% / S −0.0007%	get 0.0001% / 1h	40m 14s	$49K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now +0.025%Rate

Funding earned: −$19.61
Price spread: +0.025% → 0.000%: $2.48
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$39.13
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 8 min ago; gTrade (Gains Network): 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, 8 min ago	1.67 bp	18.4 bp −$18	25.1 bp −$251	73.1 bp −$7,312	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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
Polymarket Perps UNI-USD	−0.0162%	1h	8.9151	−0.010%	$107K	$607K	10x	as long as short
Kraken Futures PF_UNIUSD	−0.0017%	1h	8.9189	+0.033%	$4.7M	$8.7M	50x	as long as short
gTrade (Gains Network) UNI/USDshort	L +0.0004% / S −0.0007%	1h	8.9182	+0.025%	$49K	—	150x
Deribit UNI_USDC-PERPETUAL	+0.0017%	1h	8.9190	+0.034%	$588K	$250K	50x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−0.965%	$660	$153K	12x	as long as short
01 Exchange UNIUSD	+0.0040%	1h	8.9210	+0.056%	$445	$5	10x	as long as short
Lighter UNI	+0.0096%	1h	8.9281	+0.136%	$4.5M	$5.6M	15x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.9184	+0.027%	$25K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.9190	+0.034%	$759K	$4.7M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.9195	+0.039%	$735K	$3.6M	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	8.9211	+0.058%	$285K	$593K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.9134	−0.029%	$215.4M	$659.6M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	8.9120	−0.045%	$99.0M	$112.3M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	8.9140	−0.022%	$54.2M	$266.1M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.9280	+0.135%	$318K	$705K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.9150	−0.011%	$24.9M	$66.4M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.9140	−0.022%	$49.1M	$26.5M	200x	as long as short
KuCoin UNIUSDTMlong	+0.0100%	8h	8.9160	long leg	$13.1M	$13.4M	75x
Bitget UNIUSDT	+0.0100%	8h	8.9110	−0.056%	$32.7M	$45.5M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.9150	−0.011%	—	$6.5M	—	as long as short
Variational Omni UNI	+0.0100%	8h	8.9189	+0.033%	$4.1M	$4.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.9742	+0.653%	$170K	$347K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.9290	+0.146%	$630K	$2.7M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.9740	+0.651%	$90K	$710K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.9120	−0.045%	$15K	$3.5M	20x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.9160	0.000%	$16K	$1.8M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.9214	+0.061%	$36K	$1.4M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.9150	−0.011%	$32K	$887K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.9286	+0.141%	$698K	$4.9M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.9180	+0.022%	$26.9M	$4.5M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.9090	−0.078%	$297K	$1.7M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.9150	−0.011%	$32K	—	3x	as long as short
dYdX UNI-USD	+0.0107%	1h	8.9214	+0.060%	$235K	$31K	10x	as long as short
Backpack UNI_USDC_PERP	+0.0129%	1h	8.9284	+0.139%	$1.1M	$2.4M	10x	as long as short
Coinbase International UNI-PERP-INTX	+0.0192%	1h	8.9270	+0.123%	$932K	$5.5M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.9200	+0.045%	$10.1M	$3.6M	75x	as long as short
Reya UNIRUSDPERP	+0.0378%	1h	8.9128	−0.036%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0243%	1h	8.9167	+0.008%	$635K	—	120x	as long as short
Hyperliquid UNI	+0.0397%	1h	8.9271	+0.124%	$94.9M	$67.6M	10x	as long as short
Aftermath Perps UNIUSD	+0.0549%	1h	8.9477	+0.355%	$1K	$54K	10x	as long as short