Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Extended against KuCoin+0.152%7-day average −0.027% · you sell dearer than you buy

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$500.502% of the position

Long on KuCoin Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.104%+$10 on $10k

Price spread, last 7 days−0.147%−$15 · spread now +0.152%, 7d avg −0.027%

Together, before fees−0.043%+ Points / potential airdropExtended: Active · farm board−$4 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: Extended is 0.179% dearer against KuCoin than usual: you sell high and buy low, +$18 on $10k if it goes back to its 7-day average of −0.027%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin UNIUSDTM	9.0860	0.0100	pay 0.0100% / 8h	6h 19m	$13.7M	$12.9M	75x
Short	Extended UNI-USD	9.0998	0.0104	get 0.0013% / 1h	19m 38s	$305K	$1.5M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.152%Rate

Funding earned: $0.84
Price spread: +0.152% → −0.027%: $17.92
Slippage, 4 orders: −$33.24
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$31.48
Costs to cover: 0.502%
Break-even: 269.4 days

Slippage from KuCoin: live order book, 4 min ago; Extended: live order book, 4 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, 4 min ago	1.65 bp	17.2 bp −$17	25.5 bp −$255	73.4 bp −$7,342	doesn't fit
Sell Extended live order book, 4 min ago	1.54 bp	7.7 bp −$8	12.7 bp −$127	doesn't fit	doesn't fit

UNI on 39 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 −0.0004%	1h	9.0996	+0.150%	$19K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−2.818%	$660	$154K	12x	as long as short
dYdX UNI-USD	+0.0036%	1h	9.0833	−0.030%	$239K	$30K	10x	as long as short
01 Exchange UNIUSD	+0.0056%	1h	9.1116	+0.282%	$455	—	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.1015	+0.171%	$963K	$4.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.1062	+0.222%	$1.0M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.0957	+0.107%	$298K	$574K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.1074	+0.236%	$227.6M	$610.5M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.1070	+0.231%	$101.9M	$107.4M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.0990	+0.143%	$56.2M	$255.3M	50x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus UNI-USD	+0.0100%	1h	9.1140	+0.308%	$289K	$639K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.1040	+0.198%	$23.3M	$58.9M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.1020	+0.176%	$49.8M	$26.3M	200x	as long as short
KuCoin UNIUSDTMlong	+0.0100%	8h	9.0860	long leg	$13.7M	$12.9M	75x
Bitget UNIUSDT	+0.0100%	8h	9.1020	+0.176%	$33.3M	$42.9M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	9.1000	+0.154%	—	$56.9M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.1026	+0.183%	$1.0M	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.1128	+0.295%	$4.2M	$4.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.1088	+0.251%	$171K	$345K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.1110	+0.275%	$634K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.1000	+0.154%	$89K	$699K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.1220	+0.396%	$56K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.1054	+0.214%	$86K	$410K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.0960	+0.110%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.1094	+0.258%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.0931	+0.078%	$22K	$712K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.1088	+0.251%	$726K	$4.2M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.0950	+0.099%	$27.5M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.0970	+0.122%	$26K	—	20x	as long as short
Extended UNI-USDshort	+0.0104%	1h	9.0998	+0.152%	$305K	$1.5M	25x
Aevo UNI-PERP	+0.0104%	1h	9.0944	+0.093%	$32K	—	3x	as long as short
Hyperliquid UNI	+0.0135%	1h	9.1137	+0.305%	$98.9M	$60.5M	10x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0183%	1h	9.0977	+0.128%	$590K	$188K	50x	as long as short
Coinbase International UNI-PERP-INTX	+0.0312%	1h	9.1020	+0.176%	$1.1M	$4.7M	50x	as long as short
Reya UNIRUSDPERP	+0.0368%	1h	9.0926	+0.073%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.0993	+0.146%	$648K	—	120x	as long as short
Kraken Futures PF_UNIUSD	+0.0421%	1h	9.0982	+0.135%	$5.1M	$6.9M	50x	as long as short
Lighter UNI	+0.0464%	1h	9.1165	+0.336%	$4.7M	$5.3M	15x	as long as short
Aftermath Perps UNIUSD	+0.0952%	1h	9.0908	+0.053%	$991	$48K	10x	as long as short