Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0280%/8h= −30.7% APRpaid last 24h −0.077%

Price spread now: KuCoin against Reya+0.085%7-day average — · you sell dearer than you buy

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

Long on Reya Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

The price spread pays, funding is against you. KuCoin is 0.085% dearer against Reya than usual: you sell high and buy low (spread +0.085% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 24 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya UNIRUSDPERP	8.8594	0.0380	pay 0.0048% / 1h	34m 28s	$16K	—	20x
Short	KuCoin UNIUSDTM	8.8670	0.0100	get 0.0100% / 8h	34m 28s	$13.0M	$13.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Reya. 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 ReyabpFee KuCoinbpOrdersPrice spread, now +0.085%Rate

Funding earned: −$58.89
Price spread: +0.085% → 0.000%: $8.53
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$68.36
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; KuCoin: live order book, 4 min ago. 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 Reya no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 4 min ago	1.13 bp	18.3 bp −$18	21.9 bp −$219	55.3 bp −$5,532	doesn't fit

Reya: 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
Kraken Futures PF_UNIUSD	−0.0307%	1h	8.8621	+0.030%	$4.7M	$8.7M	50x	as long as short
01 Exchange UNIUSD	−0.0016%	1h	8.8670	+0.085%	$442	$5	10x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0007%	1h	8.8647	+0.059%	$49K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−0.332%	$660	$153K	12x	as long as short
Nado UNI-PERP	+0.0036%	1h	8.8615	+0.023%	$729K	$4.7M	10x	as long as short
Polymarket Perps UNI-USD	+0.0069%	1h	8.8605	+0.012%	$105K	$617K	10x	as long as short
Lighter UNI	+0.0096%	1h	8.8686	+0.103%	$4.4M	$5.6M	15x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8540	−0.061%	$25K	—	20x	as long as short
Hyperliquid UNI	+0.0100%	1h	8.8740	+0.164%	$94.4M	$67.5M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.8681	+0.097%	$726K	$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	8.8600	+0.006%	$287K	$600K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.8630	+0.040%	$214.4M	$657.3M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	8.8600	+0.006%	$98.2M	$111.4M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	8.8600	+0.006%	$54.2M	$264.3M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.8690	+0.108%	$316K	$701K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.8640	+0.051%	$25.5M	$65.9M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.8630	+0.040%	$48.3M	$26.1M	200x	as long as short
KuCoin UNIUSDTMshort	+0.0100%	8h	8.8670	+0.085%	$13.0M	$13.3M	75x
Bitget UNIUSDT	+0.0100%	8h	8.8600	+0.006%	$32.4M	$45.5M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	8.8610	+0.018%	—	$57.0M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8687	+0.104%	$1.1M	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	8.8548	−0.053%	$4.1M	$4.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8660	+0.074%	$168K	$346K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8843	+0.281%	$616K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8700	+0.119%	$89K	$710K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8610	+0.018%	$15K	$3.4M	20x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8600	+0.006%	$16K	$2.2M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.8601	+0.007%	$36K	$1.4M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.8595	+0.001%	$32K	$889K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.8676	+0.092%	$697K	$4.8M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8640	+0.051%	$26.8M	$4.4M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8626	+0.035%	$288K	$1.7M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8560	−0.039%	$31K	—	3x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0150%	1h	8.8628	+0.038%	$585K	$254K	50x	as long as short
Coinbase International UNI-PERP-INTX	+0.0200%	1h	8.8760	+0.187%	$924K	$5.4M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.8570	−0.028%	$10.0M	$3.6M	75x	as long as short
Reya UNIRUSDPERPlong	+0.0380%	1h	8.8594	long leg	$16K	—	20x
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0243%	1h	8.8578	−0.018%	$630K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0408%	1h	8.8811	+0.244%	$1K	$53K	10x	as long as short
dYdX UNI-USD	+0.0593%	1h	8.8637	+0.048%	$233K	$30K	10x	as long as short