Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0293%/8h= +32.1% APRpaid last 24h +0.217%

Price spread now: Aftermath Perps against KuCoin−0.340%7-day average — · you buy dearer than you sell

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

Long on KuCoin Short on Aftermath Perps

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—needs both histories

Funding pays, the price is against you. Aftermath Perps is 0.340% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.340% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$34 on $10k: about 3.9 days of funding at the current rate (+$9 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin UNIUSDTM	8.8880	0.0100	pay 0.0100% / 8h	17m 29s	$12.9M	$13.3M	75x
Short	Aftermath Perps UNIUSD	8.8578	0.0393	get 0.0049% / 1h	17m 29s	$1K	$52K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps 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 Aftermath PerpsbpOrdersPrice spread, now −0.340%Rate

Funding earned: $61.63
Price spread: −0.340% → 0.000%: −$33.98
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: $6.65
Costs to cover: 0.210%
Break-even: 6.2 days

Slippage unknown: KuCoin: live order book, 11 min ago; Aftermath Perps: no order-book sample. 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 KuCoin live order book, 11 min ago	1.13 bp	17.6 bp −$18	26.5 bp −$265	64.3 bp −$6,429	doesn't fit
Sell Aftermath Perps no order-book sample	—	—	—	—	—

Aftermath Perps: 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	−0.0306%	1h	8.8732	−0.167%	$4.7M	$8.6M	50x	as long as short
01 Exchange UNIUSD	−0.0008%	1h	8.8947	+0.075%	$444	$5	10x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0005%	1h	8.8909	+0.032%	$73K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−0.653%	$660	$153K	12x	as long as short
Nado UNI-PERP	+0.0037%	1h	8.8860	−0.023%	$728K	$4.7M	10x	as long as short
Polymarket Perps UNI-USD	+0.0083%	1h	8.8872	−0.009%	$105K	$615K	10x	as long as short
Lighter UNI	+0.0096%	1h	8.8950	+0.079%	$4.5M	$5.6M	15x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8828	−0.059%	$25K	—	20x	as long as short
Hyperliquid UNI	+0.0100%	1h	8.8982	+0.115%	$94.8M	$67.7M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.8926	+0.052%	$723K	$3.3M	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	8.8900	+0.023%	$287K	$591K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.8878	−0.003%	$215.3M	$652.6M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	8.8820	−0.068%	$98.4M	$110.6M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	8.8840	−0.045%	$54.5M	$262.1M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.8970	+0.101%	$317K	$690K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.8890	+0.011%	$26.2M	$66.5M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.8850	−0.034%	$48.1M	$26.3M	200x	as long as short
KuCoin UNIUSDTMlong	+0.0100%	8h	8.8880	long leg	$12.9M	$13.3M	75x
Bitget UNIUSDT	+0.0100%	8h	8.8870	−0.011%	$32.5M	$45.2M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	8.8880	0.000%	—	$58.0M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8762	−0.133%	$1.0M	$2.5M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	8.8330	−0.619%	$4.1M	$4.1M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8604	−0.310%	$168K	$347K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8706	−0.196%	$615K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8670	−0.236%	$89K	$709K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8670	−0.236%	$14K	$3.5M	20x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8690	−0.214%	$16K	$2.2M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.8747	−0.150%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.8681	−0.224%	$32K	$886K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.8770	−0.124%	$701K	$4.7M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8660	−0.248%	$26.8M	$4.5M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8859	−0.023%	$286K	$1.7M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8705	−0.197%	$31K	—	3x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0143%	1h	8.8760	−0.134%	$588K	$270K	50x	as long as short
Coinbase International UNI-PERP-INTX	+0.0200%	1h	8.8700	−0.203%	$923K	$5.4M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.8680	−0.225%	$10.1M	$3.6M	75x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0243%	1h	8.8697	−0.206%	$631K	—	120x	as long as short
Reya UNIRUSDPERP	+0.0381%	1h	8.8850	−0.033%	$16K	—	20x	as long as short
Aftermath Perps UNIUSDshort	+0.0393%	1h	8.8578	−0.340%	$1K	$52K	10x
dYdX UNI-USD	+0.0564%	1h	8.8824	−0.063%	$234K	$30K	10x	as long as short