Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.035%

Price spread now: Bybit against Arcus−0.256%7-day average −0.145% · 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−$48as in the Price arb table

costs, in and out, $10k−$370.372% of the position

Long on Arcus Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.050%−$5 on $10k

Price spread, last 4 days (all we have)+0.051%+$5 · spread now −0.256%, 7d avg −0.145%

Together, before fees+0.001%$0 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: Bybit is 0.111% cheaper against Arcus than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of −0.145%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus UNI-USD	8.9820	0.0100	pay 0.0013% / 1h	10m 20s	$270K	$614K	10x
Short	Bybit UNIUSDT	8.9590	0.0100	get 0.0100% / 8h	10m 20s	$101.4M	$105.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.256%Rate

Funding earned: $0
Price spread: −0.256% → −0.145%: −$11.11
Slippage, 4 orders: −$21.67
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$48.28
Costs to cover: 0.372%
Break-even: never at this rate

Slippage from Arcus: live order book, 3 min ago; Bybit: live order book, 4 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, 3 min ago	5.00 bp	10.5 bp −$11	16.3 bp −$163	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	0.56 bp	9.1 bp −$9	15.1 bp −$151	39.7 bp −$3,969	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
Injective UNI/USDC PERP	−0.0049%	1h	8.8300	−1.692%	$660	$155K	12x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	8.9645	−0.195%	$62K	—	150x	as long as short
Variational Omni UNI	+0.0082%	8h	8.9422	−0.443%	$4.1M	$4.4M	—	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0086%	1h	8.9685	−0.151%	$577K	$177K	50x	as long as short
OKX UNI-USDT-SWAP	+0.0086%	8h	8.9610	−0.234%	$54.8M	$249.0M	50x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.9642	−0.198%	$956K	$4.2M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.9654	−0.185%	$1.0M	$3.3M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.9644	−0.196%	$297K	$591K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.9635	−0.206%	$221.9M	$591.3M	75x	as long as short
Bybit UNIUSDTshort	+0.0100%	8h	8.9590	−0.256%	$101.4M	$105.3M	75x

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus UNI-USDlong	+0.0100%	1h	8.9820	long leg	$270K	$614K	10x
Gate UNI_USDT	+0.0100%	8h	8.9660	−0.178%	$22.8M	$59.2M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.9660	−0.178%	$43.7M	$24.1M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.9730	−0.100%	$13.6M	$13.5M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.9600	−0.245%	$32.7M	$42.0M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.9630	−0.212%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.9527	−0.326%	$1.1M	$2.4M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.9828	+0.008%	$169K	$342K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.9580	−0.267%	$630K	$2.5M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.9890	+0.078%	$88K	$710K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.9520	−0.334%	$36K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.9742	−0.087%	$85K	$366K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.9630	−0.212%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.9780	−0.045%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.9633	−0.208%	$21K	$676K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.9860	+0.045%	$719K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.9610	−0.234%	$27.0M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.9670	−0.167%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	8.9593	−0.253%	$302K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.9657	−0.182%	$32K	$1K	3x	as long as short
01 Exchange UNIUSD	+0.0168%	1h	8.9776	−0.049%	$448	—	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.9480	−0.379%	$10.0M	$3.5M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0232%	1h	8.9720	−0.111%	$1.1M	$5.4M	50x	as long as short
dYdX UNI-USD	+0.0318%	1h	8.9627	−0.214%	$248K	$6K	10x	as long as short
Reya UNIRUSDPERP	+0.0365%	1h	8.9616	−0.227%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0323%	1h	8.9617	−0.226%	$567K	—	120x	as long as short
Hyperliquid UNI	+0.0470%	1h	8.9744	−0.085%	$98.3M	$59.6M	10x	as long as short
Kraken Futures PF_UNIUSD	+0.0564%	1h	8.9680	−0.156%	$5.0M	$7.0M	50x	as long as short
Aftermath Perps UNIUSD	+0.0864%	1h	8.9773	−0.053%	$1K	$49K	10x	as long as short
Lighter UNI	+0.0920%	1h	8.9831	+0.012%	$4.6M	$5.3M	15x	as long as short