Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.003%

Price spread now: KuCoin against Backpack+0.235%7-day average −0.492% · you sell dearer than you buy

Net, funding: paid 7d − costs−$59as in the Funding arb table

Net, price: spread back to 7d avg − costs+$19as in the Price arb table

costs, in and out, $10k−$540.537% of the position

Long on Backpack Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.055%−$6 on $10k

Price spread, last 7 days+0.735%+$74 · spread now +0.235%, 7d avg −0.492%

Together, before fees+0.680%+$68 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 0.727% dearer against Backpack than usual: you sell high and buy low, +$73 on $10k if it goes back to its 7-day average of −0.492%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack UNI_USDC_PERP	8.9799	0.0100	pay 0.0013% / 1h	56m 21s	$1.1M	$2.4M	10x
Short	KuCoin UNIUSDTM	9.0010	0.0100	get 0.0100% / 8h	1h 56m	$13.2M	$13.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Backpack. 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 BackpackbpFee KuCoinbpOrdersPrice spread, now +0.235%Rate

Funding earned: $0
Price spread: +0.235% → −0.492%: $72.7
Slippage, 4 orders: −$31.7
Fee Backpack: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $18.99
Costs to cover: 0.537%
Break-even: from the start

Slippage from Backpack: live order book, 3 min ago; KuCoin: 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 Backpack live order book, 3 min ago	0.55 bp	8.8 bp −$9	84.9 bp −$849	doesn't fit	doesn't fit
Sell KuCoin live order book, 2 min ago	1.67 bp	20.7 bp −$21	24.0 bp −$240	55.2 bp −$5,520	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
Polymarket Perps UNI-USD	−0.0124%	1h	8.9883	+0.094%	$123K	$589K	10x	as long as short
Kraken Futures PF_UNIUSD	−0.0017%	1h	8.9935	+0.152%	$4.7M	$8.6M	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0007%	1h	8.9934	+0.150%	$49K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−1.669%	$660	$153K	12x	as long as short
01 Exchange UNIUSD	+0.0056%	1h	8.9989	+0.212%	$449	$5	10x	as long as short
Nado UNI-PERP	+0.0063%	1h	8.9925	+0.140%	$774K	$4.7M	10x	as long as short
dYdX UNI-USD	+0.0082%	1h	8.9850	+0.057%	$237K	$31K	10x	as long as short
Lighter UNI	+0.0096%	1h	8.9987	+0.209%	$4.5M	$5.6M	15x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.9894	+0.106%	$26K	—	20x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.9951	+0.169%	$742K	$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	8.9884	+0.094%	$287K	$593K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.9918	+0.133%	$218.1M	$659.8M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	8.9890	+0.101%	$100.0M	$112.4M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	8.9870	+0.079%	$54.8M	$268.0M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.0070	+0.302%	$321K	$705K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.9910	+0.124%	$24.8M	$65.8M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.9900	+0.112%	$49.5M	$26.5M	200x	as long as short
KuCoin UNIUSDTMshort	+0.0100%	8h	9.0010	+0.235%	$13.2M	$13.4M	75x
Bitget UNIUSDT	+0.0100%	8h	8.9900	+0.112%	$33.0M	$45.8M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.9910	+0.124%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERPlong	+0.0100%	1h	8.9799	long leg	$1.1M	$2.4M	10x
Variational Omni UNI	+0.0100%	8h	9.0088	+0.322%	$4.1M	$4.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.9923	+0.138%	$170K	$344K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0110	+0.346%	$624K	$2.7M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0270	+0.525%	$91K	$709K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0020	+0.246%	$15K	$3.5M	20x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.9910	+0.124%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.9954	+0.173%	$37K	$1.4M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.9890	+0.101%	$32K	$887K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.0027	+0.254%	$707K	$5.0M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.9890	+0.101%	$27.1M	$4.5M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.9854	+0.062%	$299K	$1.7M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.9910	+0.124%	$32K	—	3x	as long as short
Coinbase International UNI-PERP-INTX	+0.0192%	1h	9.0100	+0.335%	$939K	$5.6M	50x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0202%	1h	8.9956	+0.175%	$593K	$248K	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.9730	−0.077%	$10.1M	$3.7M	75x	as long as short
Reya UNIRUSDPERP	+0.0378%	1h	8.9907	+0.121%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0243%	1h	8.9941	+0.158%	$640K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0483%	1h	9.0030	+0.257%	$1K	$54K	10x	as long as short
Hyperliquid UNI	+0.0575%	1h	9.0070	+0.302%	$96.9M	$66.7M	10x	as long as short