Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: HTX against KuCoin+0.217%7-day average +0.137% · you sell dearer than you buy

Net, funding: paid 7d − costs−$70as in the Funding arb table

Net, price: spread back to 7d avg − costs−$69as in the Price arb table

costs, in and out, $10k−$770.766% of the position

Long on KuCoin Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.068%+$7 on $10k

Price spread, last 3 days (all we have)−0.022%−$2 · spread now +0.217%, 7d avg +0.137%

Together, before fees+0.046%+$5 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: HTX is 0.080% dearer against KuCoin than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.137%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin UNIUSDTM	9.0350	0.0100	pay 0.0100% / 8h	6h 57m	$13.5M	$13.8M	75x
Short	HTX UNI-USDT	9.0546	0.0100	get 0.0100% / 8h	6h 57m	$720K	$4.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.217%Rate

Funding earned: $0
Price spread: +0.217% → +0.137%: $8.03
Slippage, 4 orders: −$52.63
Fee KuCoin: 6 bp × 2 orders: −$12
Fee HTX: 6 bp × 2 orders: −$12
Net: −$68.6
Costs to cover: 0.766%
Break-even: never at this rate

Slippage from KuCoin: live order book, 6 min ago; HTX: live order book, 2 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, 6 min ago	1.64 bp	18.7 bp −$19	27.4 bp −$274	62.0 bp −$6,197	doesn't fit
Sell HTX live order book, 2 min ago	3.14 bp	16.8 bp −$17	52.2 bp −$522	258.2 bp −$25.8K	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
dYdX UNI-USD	0.0000%	1h	9.0645	+0.326%	$243K	$25K	10x	as long as short
Deribit UNI_USDC-PERPETUAL	0.0000%	1h	9.0417	+0.074%	$584K	$186K	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	9.0465	+0.127%	$19K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−2.269%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0064%	1h	9.0628	+0.308%	$452	—	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.0563	+0.235%	$954K	$4.3M	10x	as long as short
Hyperliquid UNI	+0.0100%	1h	9.0289	−0.068%	$98.8M	$59.1M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.0613	+0.291%	$1.0M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.0665	+0.348%	$299K	$581K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.0278	−0.079%	$228.6M	$602.9M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit UNIUSDT	+0.0100%	8h	9.0160	−0.210%	$101.5M	$107.7M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.0160	−0.210%	$56.0M	$253.2M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.0700	+0.387%	$279K	$617K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.0160	−0.210%	$23.0M	$57.3M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0270	−0.089%	$50.1M	$24.7M	200x	as long as short
KuCoin UNIUSDTMlong	+0.0100%	8h	9.0350	long leg	$13.5M	$13.8M	75x
Bitget UNIUSDT	+0.0100%	8h	9.0150	−0.221%	$33.0M	$43.0M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.0170	−0.199%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.0191	−0.176%	$991K	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.0329	−0.023%	$4.1M	$4.4M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.0794	+0.492%	$171K	$343K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0794	+0.491%	$633K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0880	+0.587%	$89K	$706K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0850	+0.553%	$56K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.0668	+0.352%	$86K	$406K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.0450	+0.111%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.0480	+0.144%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.0380	+0.033%	$22K	$713K	10x	as long as short
HTX UNI-USDTshort	+0.0100%	8h	9.0546	+0.217%	$720K	$4.2M	75x
Phemex UNIUSDT	+0.0100%	8h	9.0280	−0.077%	$27.2M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.0574	+0.248%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0325	−0.027%	$304K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0404	+0.059%	$32K	—	3x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.0290	−0.066%	$10.4M	$3.6M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0312%	1h	9.0810	+0.509%	$1.1M	$4.8M	50x	as long as short
Reya UNIRUSDPERP	+0.0367%	1h	9.0528	+0.197%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.0450	+0.111%	$646K	—	120x	as long as short
Kraken Futures PF_UNIUSD	+0.0424%	1h	9.0456	+0.117%	$5.0M	$7.0M	50x	as long as short
Lighter UNI	+0.0624%	1h	9.0570	+0.243%	$4.7M	$5.1M	15x	as long as short
Aftermath Perps UNIUSD	+0.1061%	1h	9.0911	+0.621%	$997	$49K	10x	as long as short