Funding arb · Price arb /

UNI

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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: BingX against Arcus+0.078%7-day average — · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$330.327% of the position

Long on Arcus Short on BingX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.078% dearer against Arcus than usual: you sell high and buy low, +$8 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus UNI-USD	9.0270	0.0100	pay 0.0013% / 1h	31m 27s	$286K	$636K	10x
Short	BingX UNI-USDT	9.0340	0.0100	get 0.0100% / 8h	6h 31m	—	$57.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.078%Rate

Funding earned: $0
Price spread: +0.078% → 0.000%: $7.75
Slippage, 4 orders: −$18.16
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee BingX: 5 bp × 2 orders: −$10
Net: −$24.9
Costs to cover: 0.327%
Break-even: never at this rate

Slippage from Arcus: live order book, 37 min ago; BingX: live order book, 2 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 BingX live order book, 2 min ago	0.56 bp	5.6 bp −$6	8.7 bp −$87	18.6 bp −$1,856	67.6 bp −$33.8K

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	9.0346	+0.085%	$19K	—	150x	as long as short
dYdX UNI-USD	+0.0023%	1h	9.0242	−0.031%	$238K	$30K	10x	as long as short
01 Exchange UNIUSD	+0.0024%	1h	9.0306	+0.040%	$451	—	10x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−2.182%	$660	$154K	12x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.0290	+0.022%	$934K	$4.3M	10x	as long as short
Hyperliquid UNI	+0.0100%	1h	9.0433	+0.181%	$98.2M	$60.1M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.0297	+0.030%	$1.0M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.0239	−0.035%	$295K	$580K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.0363	+0.103%	$225.5M	$611.7M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.0300	+0.033%	$101.1M	$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	9.0240	−0.033%	$55.7M	$254.0M	50x	as long as short
Arcus UNI-USDlong	+0.0100%	1h	9.0270	long leg	$286K	$636K	10x
Gate UNI_USDT	+0.0100%	8h	9.0340	+0.078%	$23.1M	$58.5M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0340	+0.078%	$49.5M	$26.1M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0360	+0.100%	$13.4M	$13.8M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0280	+0.011%	$33.0M	$42.8M	75x	as long as short
BingX UNI-USDTshort	+0.0100%	8h	9.0340	+0.078%	—	$57.3M	—
Backpack UNI_USDC_PERP	+0.0100%	1h	9.0255	−0.017%	$987K	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	8.9961	−0.342%	$4.1M	$4.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.9955	−0.349%	$169K	$345K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.9959	−0.345%	$630K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0020	−0.277%	$88K	$706K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0300	+0.033%	$56K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.0364	+0.104%	$86K	$410K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.0270	0.000%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.0320	+0.055%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.0232	−0.042%	$22K	$715K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.0400	+0.144%	$719K	$4.2M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.0240	−0.033%	$27.2M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.0135	−0.150%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0167	−0.115%	$300K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0284	+0.016%	$32K	—	3x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0256%	1h	9.0315	+0.050%	$586K	$201K	50x	as long as short
Coinbase International UNI-PERP-INTX	+0.0312%	1h	9.0390	+0.133%	$1.1M	$4.7M	50x	as long as short
Reya UNIRUSDPERP	+0.0368%	1h	9.0293	+0.026%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.0286	+0.017%	$643K	—	120x	as long as short
Lighter UNI	+0.0400%	1h	9.0389	+0.132%	$4.6M	$5.3M	15x	as long as short
Kraken Futures PF_UNIUSD	+0.0425%	1h	9.0276	+0.006%	$5.0M	$6.9M	50x	as long as short
Aftermath Perps UNIUSD	+0.0942%	1h	9.0020	−0.276%	$1K	$48K	10x	as long as short