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 −0.003%

Price spread now: Binance against Arcus−0.068%7-day average −0.073% · 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−$35as in the Price arb table

costs, in and out, $10k−$360.359% of the position

Long on Arcus Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.001%$0 on $10k

Price spread, last 4 days (all we have)−0.085%−$9 · spread now −0.068%, 7d avg −0.073%

Together, before fees−0.085%−$8 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus UNI-USD	9.0290	0.0100	pay 0.0013% / 1h	32m 06s	$286K	$633K	10x
Short	Binance UNIUSDT	9.0228	0.0100	get 0.0100% / 8h	6h 32m	$225.1M	$612.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Arcus. 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 ArcusbpFee BinancebpOrdersPrice spread, now −0.068%Rate

Funding earned: $0
Price spread: −0.068% → −0.073%: $0.51
Slippage, 4 orders: −$21.39
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Binance: 5 bp × 2 orders: −$10
Net: −$35.38
Costs to cover: 0.359%
Break-even: never at this rate

Slippage from Arcus: live order book, 37 min ago; Binance: live order book, 12 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 Arcus live order book, 37 min ago	5.47 bp	9.0 bp −$9	13.3 bp −$133	doesn't fit	doesn't fit
Sell Binance live order book, 12 min ago	0.56 bp	8.5 bp −$9	11.5 bp −$115	41.9 bp −$4,194	145.1 bp −$72.6K

UNI on 39 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	9.0297	+0.008%	$19K	—	150x	as long as short
01 Exchange UNIUSD	+0.0024%	1h	9.0310	+0.022%	$451	—	10x	as long as short
dYdX UNI-USD	+0.0024%	1h	9.0226	−0.071%	$238K	$30K	10x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−2.204%	$660	$154K	12x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.0300	+0.011%	$932K	$4.3M	10x	as long as short
Hyperliquid UNI	+0.0100%	1h	9.0305	+0.017%	$98.0M	$60.1M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.0336	+0.051%	$1.0M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.0231	−0.065%	$295K	$580K	10x	as long as short
Binance UNIUSDTshort	+0.0100%	8h	9.0228	−0.068%	$225.1M	$612.6M	75x
Bybit UNIUSDT	+0.0100%	8h	9.0180	−0.122%	$100.9M	$107.6M	75x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX UNI-USDT-SWAP	+0.0100%	8h	9.0170	−0.133%	$55.6M	$254.1M	50x	as long as short
Arcus UNI-USDlong	+0.0100%	1h	9.0290	long leg	$286K	$633K	10x
Gate UNI_USDT	+0.0100%	8h	9.0210	−0.089%	$23.1M	$58.4M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0230	−0.066%	$49.4M	$26.1M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0260	−0.033%	$13.4M	$13.8M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0150	−0.155%	$33.0M	$42.9M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	9.0180	−0.122%	—	$57.3M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.0255	−0.039%	$987K	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	8.9961	−0.364%	$4.1M	$4.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.9955	−0.371%	$169K	$345K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0031	−0.286%	$631K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0020	−0.299%	$88K	$706K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.9840	−0.498%	$55K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.0352	+0.069%	$86K	$410K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.0270	−0.022%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.0320	+0.033%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.0232	−0.064%	$22K	$715K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.0400	+0.122%	$719K	$4.2M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.0240	−0.055%	$27.2M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.0192	−0.108%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0192	−0.108%	$300K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0284	−0.007%	$32K	—	3x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0256%	1h	9.0315	+0.028%	$586K	$201K	50x	as long as short
Coinbase International UNI-PERP-INTX	+0.0312%	1h	9.0390	+0.111%	$1.1M	$4.7M	50x	as long as short
Reya UNIRUSDPERP	+0.0368%	1h	9.0288	−0.002%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.0286	−0.005%	$643K	—	120x	as long as short
Lighter UNI	+0.0408%	1h	9.0384	+0.104%	$4.6M	$5.3M	15x	as long as short
Kraken Futures PF_UNIUSD	+0.0425%	1h	9.0276	−0.016%	$5.0M	$6.9M	50x	as long as short
Aftermath Perps UNIUSD	+0.0954%	1h	8.9954	−0.373%	$1K	$48K	10x	as long as short