Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0096%/8h= +10.5% APRpaid last 24h +0.029%

Price spread now: KuCoin against gTrade (Gains Network)−0.120%7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—needs both histories

Funding pays, the price is against you. KuCoin is 0.120% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.120% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$12 on $10k: about 4.2 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) UNI/USD	8.8606	L +0.0004% / S −0.0007%	pay 0.0001% / 1h	25m 04s	$48K	—	150x
Short	KuCoin UNIUSDTM	8.8500	0.0100	get 0.0100% / 8h	2h 25m	$12.9M	$13.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee KuCoinbpOrdersPrice spread, now −0.120%Rate

Funding earned: $20.14
Price spread: −0.120% → 0.000%: −$11.96
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$13.83
Costs to cover: 0.220%
Break-even: 11.8 days

Slippage unknown: gTrade (Gains Network): 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 4 min ago	1.13 bp	20.1 bp −$20	29.2 bp −$292	84.2 bp −$8,423	doesn't fit

gTrade (Gains Network): 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
Nado UNI-PERP	−0.0084%	1h	8.8543	−0.072%	$819K	$4.7M	10x	as long as short
01 Exchange UNIUSD	−0.0032%	1h	8.8657	+0.058%	$442	$5	10x	as long as short
Kraken Futures PF_UNIUSD	−0.0017%	1h	8.8571	−0.040%	$4.7M	$8.6M	50x	as long as short
gTrade (Gains Network) UNI/USDlong	L +0.0004% / S −0.0007%	1h	8.8606	long leg	$48K	—	150x
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−0.345%	$660	$153K	12x	as long as short
Lighter UNI	+0.0096%	1h	8.8677	+0.080%	$4.5M	$5.6M	15x	as long as short
Polymarket Perps UNI-USD	+0.0099%	1h	8.8572	−0.038%	$103K	$525K	10x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8586	−0.022%	$25K	—	20x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.8467	−0.157%	$748K	$3.6M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.8578	−0.032%	$284K	$616K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance UNIUSDT	+0.0100%	8h	8.8479	−0.143%	$216.3M	$663.3M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	8.8420	−0.210%	$98.9M	$112.8M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	8.8420	−0.210%	$54.2M	$264.1M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.8730	+0.140%	$316K	$700K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.8430	−0.199%	$24.0M	$65.8M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.8490	−0.131%	$49.0M	$27.0M	200x	as long as short
KuCoin UNIUSDTMshort	+0.0100%	8h	8.8500	−0.120%	$12.9M	$13.6M	75x
Bitget UNIUSDT	+0.0100%	8h	8.8400	−0.232%	$32.4M	$46.7M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.8430	−0.199%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8545	−0.069%	$1.1M	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	8.8380	−0.255%	$4.1M	$4.2M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8556	−0.056%	$167K	$344K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8582	−0.027%	$621K	$2.8M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8600	−0.007%	$89K	$707K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8430	−0.199%	$15K	$3.4M	20x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8610	+0.005%	$16K	$1.6M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.8717	+0.125%	$36K	$1.4M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.8580	−0.029%	$32K	$874K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.8678	+0.081%	$713K	$5.0M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8510	−0.108%	$26.7M	$4.5M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8545	−0.068%	$297K	$1.7M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8605	−0.001%	$31K	—	3x	as long as short
Hyperliquid UNI	+0.0124%	1h	8.8529	−0.087%	$94.2M	$66.6M	10x	as long as short
dYdX UNI-USD	+0.0181%	1h	8.8581	−0.028%	$233K	$31K	10x	as long as short
Coinbase International UNI-PERP-INTX	+0.0184%	1h	8.8720	+0.129%	$925K	$5.8M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.8490	−0.131%	$10.0M	$3.6M	75x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0288%	1h	8.8651	+0.051%	$567K	$204K	50x	as long as short
Reya UNIRUSDPERP	+0.0377%	1h	8.8553	−0.060%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	8.8603	−0.003%	$630K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0675%	1h	8.8683	+0.087%	$969	$45K	10x	as long as short