Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0063%/8h= −6.8% APRpaid last 24h −0.002%

Price spread now: Nado against KuCoin−0.158%51s7-day average +0.026% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$540.538% of the position

Long on KuCoin Short on Nado

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.035%+$3 on $10k

Price spread, last 7 days+0.146%+$15 · spread now −0.158%, 7d avg +0.026%

Together, before fees+0.180%+ Points / potential airdropNado: Active · farm board+$18 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Nado is 0.184% cheaper against KuCoin than usual: you would sell low and buy high (−$18 if the spread goes back to its 7-day average of +0.026%). Swap the legs. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin UNIUSDTM	8.8830	0.0100	pay 0.0100% / 8h	3m 39s	$12.9M	$13.3M	75x
Short	Nado UNI-PERP	8.8690	0.0037	get 0.0005% / 1h	3m 39s	$726K	$4.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now −0.158%Rate

Funding earned: −$13.13
Price spread: −0.158% → +0.026%: −$18.41
Slippage, 4 orders: −$34.81
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$85.34
Costs to cover: 0.538%
Break-even: never at this rate

Slippage from KuCoin: live order book, 5 min ago; Nado: live order book, 5 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	0.56 bp	16.4 bp −$16	21.8 bp −$218	64.1 bp −$6,411	doesn't fit
Sell Nado live order book, 5 min ago	0.06 bp	5.3 bp −$5	12.6 bp −$126	doesn't fit	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	−0.0306%	1h	8.8837	+0.008%	$4.7M	$8.6M	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0005%	1h	8.8800	−0.033%	$76K	—	150x	as long as short
01 Exchange UNIUSD	+0.0008%	1h	8.8776	−0.061%	$443	$5	10x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−0.597%	$660	$153K	12x	as long as short
Nado UNI-PERPshort	+0.0037%	1h	8.8690	−0.158%	$726K	$4.7M	10x
Deribit UNI_USDC-PERPETUAL	+0.0068%	1h	8.8833	+0.003%	$589K	$271K	50x	as long as short
Lighter UNI	+0.0096%	1h	8.8940	+0.124%	$4.5M	$5.7M	15x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8791	−0.044%	$25K	—	20x	as long as short
Hyperliquid UNI	+0.0100%	1h	8.8921	+0.102%	$94.9M	$67.7M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.8829	−0.002%	$721K	$3.2M	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	8.8832	+0.003%	$287K	$588K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.8814	−0.018%	$216.1M	$651.5M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	8.8800	−0.034%	$98.4M	$110.3M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	8.8810	−0.023%	$54.4M	$260.8M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.8860	+0.034%	$320K	$693K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.8830	0.000%	$26.2M	$66.8M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.8820	−0.011%	$47.9M	$26.3M	200x	as long as short
KuCoin UNIUSDTMlong	+0.0100%	8h	8.8830	long leg	$12.9M	$13.3M	75x
Bitget UNIUSDT	+0.0100%	8h	8.8780	−0.056%	$32.5M	$45.2M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.8760	−0.079%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8869	+0.044%	$1.1M	$2.5M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	8.8813	−0.019%	$4.1M	$4.1M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8847	+0.019%	$168K	$347K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8905	+0.085%	$624K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8910	+0.090%	$89K	$709K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8960	+0.146%	$14K	$3.5M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.8784	−0.052%	$104K	$617K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8770	−0.068%	$17K	$2.3M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.8827	−0.003%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.8787	−0.048%	$32K	$883K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.8835	+0.006%	$702K	$4.7M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8810	−0.023%	$26.8M	$4.4M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8803	−0.030%	$299K	$1.8M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8806	−0.027%	$32K	—	3x	as long as short
Coinbase International UNI-PERP-INTX	+0.0200%	1h	8.9050	+0.248%	$926K	$5.4M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.8860	+0.034%	$10.0M	$3.6M	75x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0243%	1h	8.8797	−0.037%	$632K	—	120x	as long as short
Reya UNIRUSDPERP	+0.0381%	1h	8.8770	−0.068%	$16K	—	20x	as long as short
Aftermath Perps UNIUSD	+0.0432%	1h	8.8880	+0.057%	$1K	$52K	10x	as long as short
dYdX UNI-USD	+0.0596%	1h	8.8838	+0.009%	$234K	$30K	10x	as long as short