Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.018%

Price spread now: OKX against Arcus−0.055%7-day average −0.115% · 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−$31as in the Price arb table

costs, in and out, $10k−$370.370% of the position

Long on Arcus Short on OKX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.031%−$3 on $10k

Price spread, last 4 days (all we have)−0.094%−$9 · spread now −0.055%, 7d avg −0.115%

Together, before fees−0.125%−$12 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: OKX is 0.060% dearer against Arcus than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.115%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus UNI-USD	9.0720	0.0100	pay 0.0013% / 1h	50m 40s	$287K	$613K	10x
Short	OKX UNI-USDT-SWAP	9.0670	0.0100	get 0.0100% / 8h	4h 50m	$55.6M	$256.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.055%Rate

Funding earned: $0
Price spread: −0.055% → −0.115%: $6.02
Slippage, 4 orders: −$22.5
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee OKX: 5 bp × 2 orders: −$10
Net: −$30.98
Costs to cover: 0.370%
Break-even: never at this rate

Slippage from Arcus: live order book, 8 min ago; OKX: live order book, 3 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, 8 min ago	5.48 bp	14.1 bp −$14	23.1 bp −$231	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	0.55 bp	7.7 bp −$8	15.8 bp −$158	51.9 bp −$5,194	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
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0003%	1h	9.0656	−0.070%	$40K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−2.668%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0056%	1h	9.0722	+0.002%	$453	$5	10x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0098%	1h	9.0730	+0.010%	$581K	$193K	50x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.0630	−0.099%	$905K	$4.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.0879	+0.175%	$1.0M	$3.0M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.0677	−0.047%	$296K	$589K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.0692	−0.031%	$224.6M	$628.4M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.0660	−0.066%	$101.8M	$110.6M	75x	as long as short
OKX UNI-USDT-SWAPshort	+0.0100%	8h	9.0670	−0.055%	$55.6M	$256.9M	50x

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus UNI-USDlong	+0.0100%	1h	9.0720	long leg	$287K	$613K	10x
Gate UNI_USDT	+0.0100%	8h	9.0620	−0.110%	$23.0M	$62.2M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0590	−0.143%	$48.5M	$25.2M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0580	−0.154%	$13.6M	$13.1M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0570	−0.165%	$33.3M	$43.9M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	9.0620	−0.110%	—	$56.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.0797	+0.085%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.0589	−0.144%	$4.3M	$4.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.1122	+0.444%	$172K	$344K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.1180	+0.507%	$635K	$2.7M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.1120	+0.441%	$89K	$694K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.1110	+0.430%	$36K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.0719	−0.001%	$87K	$420K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.0650	−0.077%	$16K	$1.6M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.0745	+0.028%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.0690	−0.033%	$22K	$781K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.0832	+0.123%	$715K	$4.5M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.0800	+0.088%	$27.5M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.0752	+0.035%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0591	−0.142%	$298K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0709	−0.012%	$32K	—	3x	as long as short
dYdX UNI-USD	+0.0161%	1h	9.0671	−0.054%	$239K	$30K	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.0750	+0.033%	$10.4M	$3.5M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0248%	1h	9.0690	−0.033%	$1.1M	$5.4M	50x	as long as short
Kraken Futures PF_UNIUSD	+0.0269%	1h	9.0756	+0.040%	$5.0M	$7.8M	50x	as long as short
Lighter UNI	+0.0336%	1h	9.0728	+0.009%	$4.6M	$5.8M	15x	as long as short
Reya UNIRUSDPERP	+0.0372%	1h	9.0647	−0.080%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.0677	−0.047%	$645K	—	120x	as long as short
Hyperliquid UNI	+0.0479%	1h	9.0964	+0.269%	$98.8M	$61.5M	10x	as long as short
Aftermath Perps UNIUSD	+0.1032%	1h	9.1152	+0.476%	$1K	$46K	10x	as long as short