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 0.000%

Price spread now: edgeX against Arcus−0.036%7-day average −0.072% · 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−$30as in the Price arb table

costs, in and out, $10k−$340.336% of the position

Long on Arcus Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.003%$0 on $10k

Price spread, last 3 days (all we have)−0.132%−$13 · spread now −0.036%, 7d avg −0.072%

Together, before fees−0.135%+ Points / potential airdropedgeX: Active · farm board−$13 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: edgeX is 0.035% dearer against Arcus than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.072%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus UNI-USD	8.9950	0.0100	pay 0.0013% / 1h	27m 34s	$278K	$620K	10x
Short	edgeX UNIUSDC	8.9917	0.0100	get 0.0050% / 4h	27m 34s	$169K	$342K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.036%Rate

Funding earned: $0
Price spread: −0.036% → −0.072%: $3.55
Slippage, 4 orders: −$20.13
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$30.08
Costs to cover: 0.336%
Break-even: never at this rate

Slippage from Arcus: live order book, 51 min ago; edgeX: live order book, 51 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, 51 min ago	3.93 bp	7.8 bp −$8	12.9 bp −$129	doesn't fit	doesn't fit
Sell edgeX live order book, 51 min ago	2.25 bp	7.5 bp −$8	20.8 bp −$208	doesn't fit	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	−1.834%	$660	$155K	12x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	8.9974	+0.026%	$62K	—	150x	as long as short
Variational Omni UNI	+0.0041%	8h	9.0035	+0.094%	$4.1M	$4.4M	—	as long as short
Bybit UNIUSDT	+0.0086%	8h	8.9880	−0.078%	$102.1M	$105.0M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0089%	8h	8.9890	−0.067%	$55.0M	$249.0M	50x	as long as short
dYdX UNI-USD	+0.0097%	1h	8.9855	−0.106%	$249K	$6K	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.9885	−0.072%	$954K	$4.2M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.9903	−0.052%	$1.0M	$3.3M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.9863	−0.097%	$297K	$593K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.9866	−0.094%	$222.2M	$589.8M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus UNI-USDlong	+0.0100%	1h	8.9950	long leg	$278K	$620K	10x
Gate UNI_USDT	+0.0100%	8h	8.9850	−0.111%	$23.0M	$58.8M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.9880	−0.078%	$43.7M	$24.0M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.9850	−0.111%	$13.6M	$13.5M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.9870	−0.089%	$32.8M	$42.0M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.9870	−0.089%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.0002	+0.058%	$1.0M	$2.4M	10x	as long as short
edgeX UNIUSDCshort	+0.0100%	4h	8.9917	−0.036%	$169K	$342K	20x
GRVT UNI_USDT_Perp	+0.0100%	8h	8.9950	0.000%	$631K	$2.5M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.9950	0.000%	$88K	$713K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.9950	0.000%	$36K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.9924	−0.029%	$85K	$363K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.9970	+0.022%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.0012	+0.069%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.9973	+0.026%	$21K	$676K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.9947	−0.003%	$718K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.9960	+0.011%	$27.1M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.9834	−0.129%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	8.9818	−0.147%	$303K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.9990	+0.044%	$32K	$1K	3x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0139%	1h	9.0026	+0.085%	$580K	$176K	50x	as long as short
01 Exchange UNIUSD	+0.0184%	1h	8.9924	−0.029%	$449	—	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.0050	+0.111%	$10.1M	$3.5M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0232%	1h	9.0050	+0.111%	$1.1M	$5.4M	50x	as long as short
Reya UNIRUSDPERP	+0.0364%	1h	8.9876	−0.082%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0382% / S −0.0323%	1h	8.9997	+0.052%	$569K	—	120x	as long as short
Hyperliquid UNI	+0.0547%	1h	8.9985	+0.039%	$98.7M	$59.1M	10x	as long as short
Kraken Futures PF_UNIUSD	+0.0562%	1h	9.0041	+0.101%	$5.0M	$7.0M	50x	as long as short
Aftermath Perps UNIUSD	+0.0807%	1h	9.0086	+0.151%	$1K	$49K	10x	as long as short
Lighter UNI	+0.0888%	1h	9.0026	+0.084%	$4.6M	$5.2M	15x	as long as short