Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: SoDEX against KuCoin−0.011%7-day average 0.000% · 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−$58as in the Price arb table

costs, in and out, $10k−$560.565% of the position

Long on KuCoin Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.036%+$4 on $10k

Price spread, last 4 days (all we have)+0.286%+$29 · spread now −0.011%, 7d avg 0.000%

Together, before fees+0.322%+$32 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin UNIUSDTM	8.9930	0.0100	pay 0.0100% / 8h	3h 43m	$13.4M	$13.2M	75x
Short	SoDEX UNI-USD	8.9920	0.0100	get 0.0013% / 1h	43m 02s	$22K	$806K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.011%Rate

Funding earned: $0
Price spread: −0.011% → 0.000%: −$1.14
Slippage, 4 orders: −$36.47
Fee KuCoin: 6 bp × 2 orders: −$12
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$57.6
Costs to cover: 0.565%
Break-even: never at this rate

Slippage from KuCoin: live order book, 6 min ago; SoDEX: live order book, 11 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, 6 min ago	1.66 bp	21.5 bp −$21	34.1 bp −$341	72.0 bp −$7,197	doesn't fit
Sell SoDEX live order book, 11 min ago	0.55 bp	10.3 bp −$10	27.5 bp −$275	132.8 bp −$13.3K	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
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	8.9967	+0.041%	$37K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−1.813%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0064%	1h	9.0003	+0.081%	$449	$5	10x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0091%	1h	8.9984	+0.060%	$576K	$207K	50x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.9945	+0.017%	$965K	$4.4M	10x	as long as short
Hyperliquid UNI	+0.0100%	1h	9.0021	+0.101%	$97.2M	$62.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.9939	+0.010%	$807K	$3.5M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.9980	+0.055%	$292K	$605K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.9920	−0.011%	$221.4M	$642.5M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	8.9880	−0.056%	$101.0M	$111.5M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX UNI-USDT-SWAP	+0.0100%	8h	8.9880	−0.056%	$54.7M	$260.4M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.0080	+0.167%	$314K	$653K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.9930	0.000%	$23.7M	$63.5M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.9970	+0.044%	$47.3M	$25.5M	200x	as long as short
KuCoin UNIUSDTMlong	+0.0100%	8h	8.9930	long leg	$13.4M	$13.2M	75x
Bitget UNIUSDT	+0.0100%	8h	8.9890	−0.044%	$33.1M	$45.4M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.9900	−0.033%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.9985	+0.061%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.0239	+0.344%	$4.2M	$4.1M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.0306	+0.418%	$170K	$346K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.9930	0.000%	$625K	$2.8M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.9860	−0.078%	$95K	$701K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0090	+0.178%	$15K	$3.4M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.9997	+0.075%	$86K	$433K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.9950	+0.022%	$16K	$1.4M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.9981	+0.057%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USDshort	+0.0100%	1h	8.9920	−0.011%	$22K	$806K	10x
HTX UNI-USDT	+0.0100%	8h	9.0025	+0.106%	$709K	$4.9M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.9950	+0.022%	$27.2M	$4.4M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.9929	−0.001%	$26K	—	20x	as long as short
Lighter UNI	+0.0104%	1h	9.0072	+0.158%	$4.6M	$5.8M	15x	as long as short
Extended UNI-USD	+0.0104%	1h	8.9858	−0.080%	$289K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.9927	−0.004%	$32K	—	3x	as long as short
Coinbase International UNI-PERP-INTX	+0.0216%	1h	9.0120	+0.211%	$940K	$5.8M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.9980	+0.056%	$10.2M	$3.6M	75x	as long as short
Kraken Futures PF_UNIUSD	+0.0270%	1h	8.9998	+0.076%	$5.0M	$8.0M	50x	as long as short
dYdX UNI-USD	+0.0364%	1h	8.9956	+0.029%	$237K	$30K	10x	as long as short
Reya UNIRUSDPERP	+0.0374%	1h	8.9935	+0.005%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	8.9972	+0.046%	$641K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0886%	1h	9.0214	+0.316%	$897	$46K	10x	as long as short