We prove the superhedging duality for a discrete-time financial market with proportional transaction costs under model uncertainty. Frictions are modeled through solvency cones as in the original model of [Kabanov, Y., Hedging and liquidation under transaction costs in currency markets. Fin. Stoch., 3(2):237-248, 1999] adapted to the quasi-sure setup of [Bouchard, B. and Nutz, M., Arbitrage and duality in nondominated discrete-time models. Ann. Appl. Probab., 25(2):823-859, 2015]. Our approach allows to remove the restrictive assumption of No Arbitrage of the Second Kind considered in [Bouchard, B., Deng, S. and Tan, X., Super-replication with proportional transaction cost under model uncertainty, Math. Fin., 29(3):837-860, 2019] and to show the duality under the more natural condition of No Strict Arbitrage. In addition, we extend the results to models with portfolio constraints.
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