Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Bitget against Arcus−0.124%7-day average −0.117% · 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−$41as in the Price arb table

costs, in and out, $10k−$410.407% of the position

Long on Arcus Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.002%$0 on $10k

Price spread, last 4 days (all we have)−0.107%−$11 · spread now −0.124%, 7d avg −0.117%

Together, before fees−0.108%−$11 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	8.8990	0.0100	pay 0.0013% / 1h	44m 07s	$331K	$686K	10x
Short	Bitget UNIUSDT	8.8880	0.0100	get 0.0100% / 8h	2h 44m	$32.8M	$46.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.124%Rate

Funding earned: $0
Price spread: −0.124% → −0.117%: −$0.68
Slippage, 4 orders: −$24.22
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$41.4
Costs to cover: 0.407%
Break-even: never at this rate

Slippage from Arcus: live order book, 5 min ago; Bitget: 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 Arcus live order book, 5 min ago	5.60 bp	8.5 bp −$8	14.5 bp −$145	doesn't fit	doesn't fit
Sell Bitget live order book, 5 min ago	1.12 bp	10.3 bp −$10	19.0 bp −$190	37.5 bp −$3,751	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
Nado UNI-PERP	−0.0161%	1h	8.8915	−0.084%	$798K	$4.7M	10x	as long as short
01 Exchange UNIUSD	−0.0080%	1h	8.8928	−0.070%	$444	$5	10x	as long as short
Kraken Futures PF_UNIUSD	−0.0017%	1h	8.8955	−0.039%	$4.8M	$8.4M	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0007%	1h	8.8938	−0.059%	$49K	—	150x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0012%	1h	8.8987	−0.003%	$570K	$202K	50x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−0.775%	$660	$153K	12x	as long as short
dYdX UNI-USD	+0.0076%	1h	8.8932	−0.065%	$234K	$31K	10x	as long as short
Lighter UNI	+0.0096%	1h	8.9045	+0.062%	$4.5M	$5.5M	15x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8953	−0.041%	$25K	—	20x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.8960	−0.034%	$756K	$3.6M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica UNI	+0.0100%	1h	8.8960	−0.034%	$285K	$612K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.8913	−0.086%	$216.2M	$657.6M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	8.8890	−0.112%	$99.4M	$112.4M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	8.8880	−0.124%	$53.9M	$263.4M	50x	as long as short
Arcus UNI-USDlong	+0.0100%	1h	8.8990	long leg	$331K	$686K	10x
Gate UNI_USDT	+0.0100%	8h	8.8890	−0.112%	$23.6M	$64.6M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.8910	−0.090%	$46.8M	$26.3M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.8940	−0.056%	$13.2M	$13.4M	75x	as long as short
Bitget UNIUSDTshort	+0.0100%	8h	8.8880	−0.124%	$32.8M	$46.5M	75x
BingX UNI-USDC	+0.0100%	8h	8.8910	−0.090%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8982	−0.009%	$1.0M	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	8.8829	−0.180%	$4.1M	$4.2M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8945	−0.050%	$168K	$346K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8787	−0.228%	$619K	$2.8M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8970	−0.022%	$91K	$705K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8940	−0.056%	$15K	$3.4M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.8923	−0.075%	$99K	$499K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8950	−0.045%	$16K	$1.6M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.8948	−0.047%	$36K	$1.4M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.8930	−0.067%	$22K	$851K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.9041	+0.057%	$710K	$5.0M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8890	−0.112%	$26.9M	$4.3M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8876	−0.128%	$295K	$1.7M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8924	−0.075%	$32K	—	3x	as long as short
Hyperliquid UNI	+0.0146%	1h	8.9029	+0.044%	$94.8M	$66.4M	10x	as long as short
Coinbase International UNI-PERP-INTX	+0.0184%	1h	8.8930	−0.067%	$931K	$5.8M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.8860	−0.146%	$10.0M	$3.6M	75x	as long as short
Reya UNIRUSDPERP	+0.0376%	1h	8.8907	−0.093%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	8.8921	−0.078%	$633K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0652%	1h	8.8983	−0.007%	$866	$45K	10x	as long as short