Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: KuCoin against SoDEX−0.023%53s7-day average −0.002% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$610.613% of the position

Long on SoDEX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.031%−$3 on $10k

Price spread, last 3 days (all we have)−0.154%−$15 · spread now −0.023%, 7d avg −0.002%

Together, before fees−0.185%−$18 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: KuCoin is 0.021% cheaper against SoDEX than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.002%. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX UNI-USD	9.3001	0.0100	pay 0.0013% / 1h	23m 28s	$22K	$719K	10x
Short	KuCoin UNIUSDTM	9.2980	0.0100	get 0.0100% / 8h	7h 23m	$13.9M	$13.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against SoDEX. 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 SoDEXbpFee KuCoinbpOrdersPrice spread, now −0.023%Rate

Funding earned: $0
Price spread: −0.023% → −0.002%: −$2.08
Slippage, 4 orders: −$41.25
Fee SoDEX: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$63.33
Costs to cover: 0.613%
Break-even: never at this rate

Slippage from SoDEX: live order book, 50 min ago; KuCoin: live order book, 5 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 SoDEX live order book, 50 min ago	0.56 bp	9.3 bp −$9	28.7 bp −$287	138.8 bp −$13.9K	doesn't fit
Sell KuCoin live order book, 5 min ago	2.16 bp	19.2 bp −$19	24.4 bp −$244	69.6 bp −$6,963	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
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0005%	1h	9.2791	−0.225%	$53K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−5.055%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0080%	1h	9.3013	+0.013%	$464	—	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.2700	−0.324%	$1.0M	$4.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.3080	+0.085%	$1.1M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.2980	−0.022%	$310K	$586K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.2908	−0.100%	$233.2M	$600.0M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.2700	−0.324%	$104.7M	$107.8M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.2700	−0.324%	$57.4M	$260.7M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.3090	+0.096%	$277K	$616K	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	9.2930	−0.076%	$23.7M	$59.7M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.2800	−0.216%	$45.1M	$24.1M	200x	as long as short
KuCoin UNIUSDTMshort	+0.0100%	8h	9.2980	−0.023%	$13.9M	$13.6M	75x
Bitget UNIUSDT	+0.0100%	8h	9.2730	−0.291%	$34.2M	$42.9M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	9.2950	−0.055%	—	$55.8M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.3006	+0.005%	$1.0M	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.2980	−0.023%	$4.2M	$4.4M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.3045	+0.047%	$175K	$344K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.2775	−0.243%	$648K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.2790	−0.227%	$91K	$707K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.3100	+0.106%	$37K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.2831	−0.183%	$84K	$382K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.3040	+0.042%	$17K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.3061	+0.065%	$38K	$1.3M	30x	as long as short
SoDEX UNI-USDlong	+0.0100%	1h	9.3001	long leg	$22K	$719K	10x
HTX UNI-USDT	+0.0100%	8h	9.3100	+0.106%	$735K	$4.4M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.2970	−0.033%	$28.0M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.2925	−0.081%	$27K	—	20x	as long as short
dYdX UNI-USD	+0.0100%	1h	9.2961	−0.043%	$245K	$20K	10x	as long as short
Extended UNI-USD	+0.0104%	1h	9.2914	−0.093%	$315K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.3023	+0.024%	$33K	—	3x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.2890	−0.119%	$10.4M	$3.6M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0272%	1h	9.3090	+0.096%	$1.1M	$5.0M	50x	as long as short
Reya UNIRUSDPERP	+0.0366%	1h	9.2713	−0.310%	$17K	—	20x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0370%	1h	9.3095	+0.101%	$602K	$183K	50x	as long as short
Kraken Futures PF_UNIUSD	+0.0377%	1h	9.3069	+0.073%	$5.2M	$7.0M	50x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0323%	1h	9.3036	+0.038%	$588K	—	120x	as long as short
Hyperliquid UNI	+0.0571%	1h	9.2918	−0.089%	$102.5M	$59.7M	10x	as long as short
Aftermath Perps UNIUSD	+0.0991%	1h	9.2680	−0.345%	$938	$49K	10x	as long as short
Lighter UNI	+0.1000%	1h	9.3166	+0.177%	$4.7M	$5.3M	15x	as long as short