Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.036%

Price spread now: Coinbase International against KuCoin+0.158%7-day average +0.032% · you sell dearer than you buy

Net, funding: paid 7d − costs−$71as in the Funding arb table

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$630.626% of the position

Long on KuCoin Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.083%−$8 on $10k

Price spread, last 4 days (all we have)−0.015%−$1 · spread now +0.158%, 7d avg +0.032%

Together, before fees−0.098%−$10 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Coinbase International is 0.126% dearer against KuCoin than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of +0.032%. Mind the row above: over the last 7 days funding on this pair cost −0.083%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin UNIUSDTM	8.8620	0.0100	pay 0.0100% / 8h	35m 33s	$13.0M	$13.3M	75x
Short	Coinbase International UNI-PERP-INTX	8.8760	0.0200	get 0.0025% / 1h	35m 33s	$924K	$5.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.158%Rate

Funding earned: $21
Price spread: +0.158% → +0.032%: $12.63
Slippage, 4 orders: −$40.56
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$28.93
Costs to cover: 0.626%
Break-even: 16.6 days

Slippage from KuCoin: live order book, 3 min ago; Coinbase International: live order book, 3 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, 3 min ago	1.13 bp	17.2 bp −$17	22.7 bp −$227	70.1 bp −$7,005	doesn't fit
Sell Coinbase International live order book, 3 min ago	4.50 bp	11.7 bp −$12	16.5 bp −$165	48.2 bp −$4,823	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
Kraken Futures PF_UNIUSD	−0.0307%	1h	8.8628	+0.009%	$4.7M	$8.7M	50x	as long as short
01 Exchange UNIUSD	−0.0016%	1h	8.8596	−0.027%	$442	$5	10x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0007%	1h	8.8606	−0.016%	$49K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−0.361%	$660	$153K	12x	as long as short
Nado UNI-PERP	+0.0034%	1h	8.8532	−0.099%	$729K	$4.7M	10x	as long as short
Polymarket Perps UNI-USD	+0.0066%	1h	8.8551	−0.078%	$105K	$617K	10x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0077%	1h	8.8620	0.000%	$584K	$252K	50x	as long as short
Lighter UNI	+0.0096%	1h	8.8702	+0.093%	$4.4M	$5.6M	15x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8567	−0.060%	$25K	—	20x	as long as short
Hyperliquid UNI	+0.0100%	1h	8.8674	+0.061%	$94.3M	$67.5M	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster UNIUSDT	+0.0100%	8h	8.8615	−0.006%	$725K	$3.6M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.8594	−0.029%	$286K	$600K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.8560	−0.068%	$214.3M	$657.3M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	8.8530	−0.102%	$98.1M	$111.3M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	8.8530	−0.102%	$54.2M	$264.1M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.8640	+0.023%	$316K	$701K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.8540	−0.090%	$25.5M	$65.9M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.8570	−0.056%	$48.2M	$26.1M	200x	as long as short
KuCoin UNIUSDTMlong	+0.0100%	8h	8.8620	long leg	$13.0M	$13.3M	75x
Bitget UNIUSDT	+0.0100%	8h	8.8530	−0.102%	$32.4M	$45.5M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	8.8540	−0.090%	—	$57.0M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8640	+0.023%	$1.1M	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	8.8548	−0.082%	$4.1M	$4.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8660	+0.045%	$168K	$346K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8843	+0.252%	$616K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8700	+0.090%	$89K	$710K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8630	+0.011%	$15K	$3.4M	20x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8560	−0.068%	$16K	$2.1M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.8630	+0.011%	$36K	$1.4M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.8560	−0.068%	$32K	$889K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.8677	+0.064%	$697K	$4.8M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8590	−0.034%	$26.8M	$4.4M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8508	−0.127%	$288K	$1.7M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8560	−0.068%	$31K	—	3x	as long as short
Coinbase International UNI-PERP-INTXshort	+0.0200%	1h	8.8760	+0.158%	$924K	$5.4M	50x
BloFin UNI-USDT	+0.0220%	8h	8.8650	+0.034%	$10.0M	$3.6M	75x	as long as short
Reya UNIRUSDPERP	+0.0380%	1h	8.8534	−0.097%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0243%	1h	8.8602	−0.020%	$630K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0415%	1h	8.8901	+0.317%	$984	$53K	10x	as long as short
dYdX UNI-USD	+0.0591%	1h	8.8592	−0.031%	$233K	$30K	10x	as long as short