Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8hnext payment +$0.00 per $10,000 · paid last 24h +0.011%

Price spread now: Orderly against KuCoin−0.034%7-day average +0.003% · you buy dearer than you sell

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

Long on KuCoin Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days+0.067%+$7 on $10k

Price spread, last 3 days (all we have)+0.195%+$20 · spread now −0.034%, 7d avg +0.003%

Together, before fees+0.262%+$26 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: Orderly is 0.037% cheaper against KuCoin than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin UNIUSDTM	8.8100	0.0100	pay 0.0100% / 8h	4h 04m	$13.5M	$13.5M	75x
Short	Orderly PERP_UNI_USDC	8.8070	0.0100	get 0.0100% / 8h	4h 04m	$15K	$1.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.034%Rate

Funding earned: $0
Price spread: −0.034% → +0.003%: −$3.72
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$21.72
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 4 min ago; Orderly: 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, 4 min ago	0.57 bp	20.1 bp −$20	26.1 bp −$261	66.7 bp −$6,670	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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
Bybit UNIUSDT	−0.0213%	8h	8.8050	−0.057%	$102.3M	$104.8M	75x	as long as short
Variational Omni UNI	−0.0206%	8h	8.8075	−0.029%	$3.8M	$5.0M	—	as long as short
OKX UNI-USDT-SWAP	−0.0004%	8h	8.8080	−0.023%	$54.7M	$247.4M	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	8.8108	+0.009%	$61K	—	150x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8042	−0.066%	$25K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.8057	−0.048%	$825K	$3.9M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.8200	+0.114%	$1.1M	$3.3M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.8060	−0.045%	$296K	$566K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.8113	+0.015%	$216.6M	$594.5M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.8140	+0.045%	$271K	$595K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate UNI_USDT	+0.0100%	8h	8.8180	+0.091%	$22.7M	$59.8M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.8170	+0.079%	$42.5M	$24.6M	200x	as long as short
KuCoin UNIUSDTMlong	+0.0100%	8h	8.8100	long leg	$13.5M	$13.5M	75x
Bitget UNIUSDT	+0.0100%	8h	8.8070	−0.034%	$31.8M	$40.9M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	8.8160	+0.068%	—	$51.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8211	+0.126%	$980K	$2.4M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.7946	−0.175%	$165K	$342K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8100	0.000%	$612K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8080	−0.023%	$83K	$728K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8150	+0.057%	$86K	$3.2M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.8067	−0.037%	$87K	$323K	10x	as long as short
Orderly PERP_UNI_USDCshort	+0.0100%	8h	8.8070	−0.034%	$15K	$1.7M	10x
SunX UNI-USDT	+0.0100%	8h	8.8104	+0.005%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.8145	+0.051%	$25K	$650K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.8136	+0.041%	$707K	$4.2M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8150	+0.057%	$26.6M	$4.2M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8083	−0.020%	$307K	$1.4M	25x	as long as short
01 Exchange UNIUSD	+0.0104%	1h	8.8152	+0.059%	$440	—	10x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8114	+0.016%	$31K	$1K	3x	as long as short
dYdX UNI-USD	+0.0123%	1h	8.8080	−0.023%	$244K	$5K	10x	as long as short
Kraken Futures PF_UNIUSD	+0.0166%	1h	8.8163	+0.072%	$5.0M	$7.7M	50x	as long as short
Coinbase International UNI-PERP-INTX	+0.0200%	1h	8.7940	−0.182%	$1.0M	$5.4M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.7990	−0.125%	$9.9M	$3.3M	75x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0261%	1h	8.8149	+0.056%	$547K	$126K	50x	as long as short
Hyperliquid UNI	+0.0276%	1h	8.8279	+0.203%	$96.0M	$60.3M	10x	as long as short
Reya UNIRUSDPERP	+0.0357%	1h	8.8054	−0.052%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0382% / S −0.0321%	1h	8.8101	+0.001%	$552K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0562%	1h	8.8087	−0.015%	$1K	$52K	10x	as long as short
Lighter UNI	+0.0696%	1h	8.8312	+0.241%	$4.6M	$5.3M	15x	as long as short
Injective UNI/USDC PERP	+0.5000%	1h	9.3200	+5.789%	$14K	$90K	12x	as long as short