Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: KuCoin against SoDEX−0.090%53s7-day average −0.002% · 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−$540.541% of the position

Long on SoDEX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.031%−$3 on $10k

Price spread, last 3 days (all we have)−0.086%−$9 · spread now −0.090%, 7d avg −0.002%

Together, before fees−0.117%−$12 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 0.088% cheaper against SoDEX than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of −0.002%. The two prices were read 53 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	SoDEX UNI-USD	9.0902	0.0100	pay 0.0013% / 1h	58m 23s	$22K	$713K	10x
Short	KuCoin UNIUSDTM	9.0820	0.0100	get 0.0100% / 8h	6h 58m	$13.6M	$13.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against SoDEX. 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 SoDEXbpFee KuCoinbpOrdersPrice spread, now −0.090%Rate

Funding earned: $0
Price spread: −0.090% → −0.002%: −$8.84
Slippage, 4 orders: −$34.12
Fee SoDEX: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$62.96
Costs to cover: 0.541%
Break-even: never at this rate

Slippage from SoDEX: live order book, 10 min ago; KuCoin: 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 SoDEX live order book, 10 min ago	0.55 bp	9.1 bp −$9	26.7 bp −$267	133.3 bp −$13.3K	doesn't fit
Sell KuCoin live order book, 5 min ago	1.64 bp	16.6 bp −$17	21.1 bp −$211	73.8 bp −$7,382	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
dYdX UNI-USD	0.0000%	1h	9.0445	−0.503%	$243K	$24K	10x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	9.0756	−0.160%	$19K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−2.862%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0064%	1h	9.0733	−0.186%	$453	—	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.0855	−0.052%	$958K	$4.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.0695	−0.227%	$1.0M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.0500	−0.442%	$299K	$581K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.0805	−0.107%	$229.9M	$602.7M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.0750	−0.167%	$102.1M	$107.5M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.0740	−0.178%	$56.3M	$254.8M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus UNI-USD	+0.0100%	1h	9.0650	−0.277%	$279K	$617K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.0770	−0.145%	$23.2M	$57.3M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0870	−0.035%	$50.5M	$24.7M	200x	as long as short
KuCoin UNIUSDTMshort	+0.0100%	8h	9.0820	−0.090%	$13.6M	$13.7M	75x
Bitget UNIUSDT	+0.0100%	8h	9.0780	−0.134%	$33.2M	$43.0M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.0770	−0.145%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.0892	−0.011%	$996K	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.0329	−0.630%	$4.1M	$4.4M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.1109	+0.227%	$172K	$346K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0440	−0.508%	$631K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.1120	+0.240%	$89K	$706K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0910	+0.009%	$56K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.0864	−0.042%	$86K	$406K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.0770	−0.145%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.0849	−0.058%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USDlong	+0.0100%	1h	9.0902	long leg	$22K	$713K	10x
HTX UNI-USDT	+0.0100%	8h	9.0905	+0.003%	$723K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.0860	−0.046%	$27.4M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.0478	−0.466%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0523	−0.417%	$304K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0845	−0.063%	$32K	—	3x	as long as short
Hyperliquid UNI	+0.0107%	1h	9.0923	+0.023%	$99.6M	$59.0M	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.0950	+0.053%	$10.6M	$3.6M	75x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0231%	1h	9.0887	−0.017%	$587K	$186K	50x	as long as short
Coinbase International UNI-PERP-INTX	+0.0312%	1h	9.0930	+0.031%	$1.1M	$4.8M	50x	as long as short
Reya UNIRUSDPERP	+0.0367%	1h	9.0788	−0.126%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.0792	−0.121%	$647K	—	120x	as long as short
Kraken Futures PF_UNIUSD	+0.0421%	1h	9.0985	+0.091%	$5.0M	$7.0M	50x	as long as short
Lighter UNI	+0.0824%	1h	9.0613	−0.318%	$4.7M	$5.1M	15x	as long as short
Aftermath Perps UNIUSD	+0.1061%	1h	9.0942	+0.044%	$997	$49K	10x	as long as short