Funding arb · Price arb /

UNI

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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 0.000%

Price spread now: KuCoin against Orderly+0.089%7-day average −0.004% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Orderly Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.067%−$7 on $10k

Price spread, last 3 days (all we have)−0.305%−$31 · spread now +0.089%, 7d avg −0.004%

Together, before fees−0.373%−$37 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: KuCoin is 0.093% dearer against Orderly than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_UNI_USDC	8.9940	0.0100	pay 0.0100% / 8h	7h 50m	$16K	$1.7M	10x
Short	KuCoin UNIUSDTM	9.0020	0.0100	get 0.0100% / 8h	7h 50m	$13.6M	$13.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Orderly. 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 OrderlybpFee KuCoinbpOrdersPrice spread, now +0.089%Rate

Funding earned: $0
Price spread: +0.089% → −0.004%: $9.28
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$8.72
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; KuCoin: live order book, 8 min ago. Net counts fees only.

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 Orderly no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 8 min ago	1.11 bp	15.1 bp −$15	26.6 bp −$266	69.8 bp −$6,983	doesn't fit

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
ApeX Omni UNIUSDT	−0.0151%	1h	8.9820	−0.133%	$88K	$707K	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	8.9943	+0.003%	$62K	—	150x	as long as short
01 Exchange UNIUSD	+0.0024%	1h	8.9854	−0.096%	$448	—	10x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−1.823%	$660	$154K	12x	as long as short
Gate UNI_USDT	+0.0068%	8h	9.0070	+0.145%	$22.9M	$57.4M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0091%	8h	9.0020	+0.089%	$55.1M	$248.9M	50x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.9800	−0.156%	$950K	$4.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.0063	+0.136%	$1.0M	$3.4M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.0044	+0.116%	$299K	$591K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.0022	+0.091%	$222.9M	$591.2M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit UNIUSDT	+0.0100%	8h	9.0040	+0.111%	$101.5M	$106.3M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.0170	+0.256%	$267K	$618K	10x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0020	+0.089%	$44.0M	$23.3M	200x	as long as short
KuCoin UNIUSDTMshort	+0.0100%	8h	9.0020	+0.089%	$13.6M	$13.5M	75x
Bitget UNIUSDT	+0.0100%	8h	9.0120	+0.200%	$33.1M	$42.0M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.0110	+0.189%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.0025	+0.095%	$1.1M	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	8.9871	−0.077%	$4.1M	$4.4M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.9772	−0.186%	$169K	$343K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0021	+0.091%	$633K	$2.5M	10x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0020	+0.089%	$36K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.9868	−0.080%	$85K	$375K	10x	as long as short
Orderly PERP_UNI_USDClong	+0.0100%	8h	8.9940	long leg	$16K	$1.7M	10x
SunX UNI-USDT	+0.0100%	8h	9.0021	+0.090%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.9955	+0.017%	$21K	$680K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.0115	+0.195%	$724K	$4.4M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.9990	+0.056%	$27.1M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.0025	+0.094%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0119	+0.199%	$302K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.9975	+0.039%	$32K	—	3x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.9980	+0.044%	$10.0M	$3.5M	75x	as long as short
Hyperliquid UNI	+0.0249%	1h	9.0059	+0.132%	$98.6M	$59.6M	10x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0254%	1h	9.0009	+0.077%	$580K	$178K	50x	as long as short
dYdX UNI-USD	+0.0264%	1h	9.0009	+0.077%	$248K	$7K	10x	as long as short
Coinbase International UNI-PERP-INTX	+0.0272%	1h	9.0060	+0.133%	$1.1M	$5.5M	50x	as long as short
Reya UNIRUSDPERP	+0.0365%	1h	8.9828	−0.124%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0382% / S −0.0323%	1h	8.9946	+0.006%	$569K	—	120x	as long as short
Kraken Futures PF_UNIUSD	+0.0390%	1h	9.0026	+0.095%	$5.0M	$7.0M	50x	as long as short
Lighter UNI	+0.0712%	1h	9.0222	+0.314%	$4.6M	$5.2M	15x	as long as short
Aftermath Perps UNIUSD	+0.0848%	1h	8.9989	+0.054%	$1K	$49K	10x	as long as short