Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.003%

Price spread now: Binance against KuCoin−0.033%7-day average +0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs−$55as in the Funding arb table

Net, price: spread back to 7d avg − costs−$60as in the Price arb table

costs, in and out, $10k−$550.551% of the position

Long on KuCoin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.002%$0 on $10k

Price spread, last 7 days+0.048%+$5 · spread now −0.033%, 7d avg +0.012%

Together, before fees+0.050%+$5 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: Binance is 0.045% cheaper against KuCoin than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin UNIUSDTM	9.1020	0.0100	pay 0.0100% / 8h	7h 03m	$13.7M	$13.6M	75x
Short	Binance UNIUSDT	9.0990	0.0100	get 0.0100% / 8h	7h 03m	$231.0M	$600.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.033%Rate

Funding earned: $0
Price spread: −0.033% → +0.012%: −$4.52
Slippage, 4 orders: −$33.12
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$59.64
Costs to cover: 0.551%
Break-even: never at this rate

Slippage from KuCoin: live order book, 5 min ago; Binance: live order book, 10 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 KuCoin live order book, 5 min ago	1.64 bp	22.1 bp −$22	30.3 bp −$303	70.3 bp −$7,026	doesn't fit
Sell Binance live order book, 10 min ago	0.55 bp	5.8 bp −$6	13.3 bp −$133	36.2 bp −$3,623	154.0 bp −$77.0K

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 −0.0006%	1h	9.0990	−0.033%	$24K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−2.988%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0096%	1h	9.1210	+0.209%	$455	—	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.1095	+0.082%	$975K	$4.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.1114	+0.103%	$1.0M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.1118	+0.107%	$302K	$586K	10x	as long as short
Binance UNIUSDTshort	+0.0100%	8h	9.0990	−0.033%	$231.0M	$600.3M	75x
Bybit UNIUSDT	+0.0100%	8h	9.0960	−0.066%	$102.4M	$107.2M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.0940	−0.088%	$56.3M	$254.0M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.1130	+0.121%	$281K	$618K	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	9.0970	−0.055%	$23.2M	$60.8M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.1010	−0.011%	$50.8M	$25.3M	200x	as long as short
KuCoin UNIUSDTMlong	+0.0100%	8h	9.1020	long leg	$13.7M	$13.6M	75x
Bitget UNIUSDT	+0.0100%	8h	9.0920	−0.110%	$33.4M	$42.7M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	9.0970	−0.055%	—	$57.0M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.1262	+0.266%	$1.0M	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.0908	−0.123%	$4.1M	$4.4M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.1361	+0.374%	$172K	$345K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.1234	+0.235%	$639K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.1040	+0.022%	$89K	$708K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.1430	+0.450%	$56K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.1173	+0.168%	$85K	$390K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.1000	−0.022%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.1427	+0.447%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.1290	+0.297%	$22K	$709K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.1480	+0.505%	$724K	$4.4M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.1270	+0.275%	$27.5M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.1081	+0.067%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0939	−0.089%	$305K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0960	−0.066%	$32K	—	3x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0152%	1h	9.1386	+0.402%	$591K	$186K	50x	as long as short
dYdX UNI-USD	+0.0190%	1h	9.1104	+0.092%	$244K	$24K	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.0960	−0.066%	$10.5M	$3.6M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0272%	1h	9.1520	+0.549%	$1.1M	$4.8M	50x	as long as short
Reya UNIRUSDPERP	+0.0367%	1h	9.1099	+0.087%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0323%	1h	9.0976	−0.048%	$576K	—	120x	as long as short
Kraken Futures PF_UNIUSD	+0.0384%	1h	9.1363	+0.377%	$5.1M	$7.0M	50x	as long as short
Hyperliquid UNI	+0.0523%	1h	9.1259	+0.263%	$100.4M	$58.5M	10x	as long as short
Lighter UNI	+0.0944%	1h	9.1268	+0.272%	$4.7M	$5.4M	15x	as long as short
Aftermath Perps UNIUSD	+0.1047%	1h	9.1363	+0.377%	$952	$49K	10x	as long as short