Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: SoDEX against KuCoin+0.409%7-day average +0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$18as in the Price arb table

costs, in and out, $10k−$590.591% of the position

Long on KuCoin Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.032%+$3 on $10k

Price spread, last 3 days (all we have)−0.254%−$25 · spread now +0.409%, 7d avg +0.003%

Together, before fees−0.222%−$22 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: SoDEX is 0.406% dearer against KuCoin than usual: you sell high and buy low, +$41 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	9.0360	0.0100	pay 0.0100% / 8h	5h 48m	$13.6M	$12.9M	75x
Short	SoDEX UNI-USD	9.0730	0.0100	get 0.0013% / 1h	48m 36s	$22K	$732K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now +0.409%Rate

Funding earned: $0
Price spread: +0.409% → +0.003%: $40.64
Slippage, 4 orders: −$39.12
Fee KuCoin: 6 bp × 2 orders: −$12
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$18.48
Costs to cover: 0.591%
Break-even: never at this rate

Slippage from KuCoin: live order book, 5 min ago; SoDEX: live order book, 15 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, 5 min ago	2.20 bp	23.6 bp −$24	31.2 bp −$312	78.1 bp −$7,806	doesn't fit
Sell SoDEX live order book, 15 min ago	0.54 bp	9.4 bp −$9	28.9 bp −$289	doesn't fit	doesn't fit

UNI on 39 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	9.0726	+0.405%	$19K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−2.280%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0096%	1h	9.0605	+0.271%	$452	$5	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.0523	+0.180%	$936K	$4.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.0419	+0.065%	$1.0M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.0491	+0.145%	$295K	$570K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.0588	+0.252%	$226.0M	$609.0M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.0590	+0.255%	$102.1M	$107.9M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.0560	+0.221%	$56.1M	$251.7M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.0660	+0.332%	$287K	$619K	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate UNI_USDT	+0.0100%	8h	9.0550	+0.210%	$23.3M	$59.2M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0560	+0.221%	$49.3M	$25.0M	200x	as long as short
KuCoin UNIUSDTMlong	+0.0100%	8h	9.0360	long leg	$13.6M	$12.9M	75x
Bitget UNIUSDT	+0.0100%	8h	9.0570	+0.232%	$33.3M	$42.7M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	9.0520	+0.177%	—	$56.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.0730	+0.409%	$991K	$2.2M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.1047	+0.761%	$4.2M	$4.2M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.1095	+0.813%	$172K	$345K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0960	+0.664%	$635K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.1100	+0.819%	$89K	$700K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0760	+0.443%	$58K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.0614	+0.281%	$88K	$411K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.0630	+0.299%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.0774	+0.458%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USDshort	+0.0100%	1h	9.0730	+0.409%	$22K	$732K	10x
HTX UNI-USDT	+0.0100%	8h	9.0848	+0.540%	$716K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.0720	+0.398%	$27.4M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.0542	+0.202%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0511	+0.167%	$301K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0682	+0.356%	$32K	—	3x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0229%	1h	9.0742	+0.423%	$585K	$192K	50x	as long as short
dYdX UNI-USD	+0.0245%	1h	9.0515	+0.171%	$238K	$30K	10x	as long as short
Kraken Futures PF_UNIUSD	+0.0270%	1h	9.0777	+0.462%	$5.1M	$7.1M	50x	as long as short
Coinbase International UNI-PERP-INTX	+0.0296%	1h	9.0750	+0.432%	$1.1M	$5.0M	50x	as long as short
Reya UNIRUSDPERP	+0.0370%	1h	9.0565	+0.227%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.0755	+0.437%	$646K	—	120x	as long as short
Hyperliquid UNI	+0.0451%	1h	9.0595	+0.260%	$98.7M	$59.0M	10x	as long as short
Lighter UNI	+0.0584%	1h	9.0563	+0.225%	$4.6M	$5.6M	15x	as long as short
Aftermath Perps UNIUSD	+0.0966%	1h	9.1175	+0.902%	$929	$47K	10x	as long as short