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 0.000%

Price spread now: Arcus against Bitget+0.241%50s7-day average +0.116% · 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—prices read too far apart to compare

costs, in and out, $10k−$440.438% of the position

Long on Bitget Short on Arcus

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)−0.058%−$6 · spread now +0.241%, 7d avg +0.116%

Together, before fees−0.061%−$6 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: Arcus is 0.125% dearer against Bitget than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of +0.116%. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget UNIUSDT	9.1290	0.0100	pay 0.0100% / 8h	4h 54m	$33.6M	$43.8M	75x
Short	Arcus UNI-USD	9.1510	0.0100	get 0.0013% / 1h	54m 48s	$290K	$618K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Bitget. 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 BitgetbpFee ArcusbpOrdersPrice spread, now +0.241%Rate

Funding earned: $0
Price spread: +0.241% → +0.116%: $12.51
Slippage, 4 orders: −$27.29
Fee Bitget: 6 bp × 2 orders: −$12
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$31.27
Costs to cover: 0.438%
Break-even: never at this rate

Slippage from Bitget: live order book, 4 min ago; Arcus: 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 Bitget live order book, 4 min ago	2.19 bp	11.5 bp −$11	18.8 bp −$188	39.3 bp −$3,926	doesn't fit
Sell Arcus live order book, 4 min ago	5.48 bp	8.0 bp −$8	11.3 bp −$113	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
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	9.1281	−0.010%	$37K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−3.275%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0056%	1h	9.1428	+0.151%	$456	$5	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.1273	−0.019%	$921K	$4.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.1380	+0.099%	$1.0M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.1273	−0.019%	$298K	$589K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.1268	−0.024%	$225.8M	$625.5M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.1190	−0.110%	$102.4M	$110.6M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.1190	−0.110%	$56.1M	$258.0M	50x	as long as short
Arcus UNI-USDshort	+0.0100%	1h	9.1510	+0.241%	$290K	$618K	10x

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate UNI_USDT	+0.0100%	8h	9.1290	0.000%	$23.2M	$62.0M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.1230	−0.066%	$49.4M	$25.1M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.1240	−0.055%	$13.7M	$13.1M	75x	as long as short
Bitget UNIUSDTlong	+0.0100%	8h	9.1290	long leg	$33.6M	$43.8M	75x
BingX UNI-USDT	+0.0100%	8h	9.1320	+0.033%	—	$56.6M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.1338	+0.053%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.1490	+0.219%	$4.3M	$4.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.0960	−0.362%	$171K	$343K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.1208	−0.090%	$635K	$2.7M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0950	−0.372%	$89K	$694K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.1450	+0.175%	$36K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.1373	+0.091%	$88K	$422K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.1320	+0.033%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.1397	+0.117%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.1306	+0.018%	$22K	$781K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.1561	+0.297%	$720K	$4.5M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.1340	+0.055%	$27.6M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0101%	8h	9.1190	−0.110%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.1309	+0.021%	$301K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.1325	+0.038%	$32K	—	3x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0157%	1h	9.1347	+0.063%	$585K	$193K	50x	as long as short
dYdX UNI-USD	+0.0205%	1h	9.1234	−0.061%	$240K	$30K	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.1270	−0.022%	$10.4M	$3.6M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0248%	1h	9.1340	+0.055%	$1.1M	$5.4M	50x	as long as short
Kraken Futures PF_UNIUSD	+0.0268%	1h	9.1344	+0.059%	$5.1M	$7.8M	50x	as long as short
Lighter UNI	+0.0312%	1h	9.1433	+0.157%	$4.6M	$5.8M	15x	as long as short
Reya UNIRUSDPERP	+0.0371%	1h	9.1219	−0.077%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.1288	−0.002%	$651K	—	120x	as long as short
Hyperliquid UNI	+0.0502%	1h	9.1456	+0.182%	$99.4M	$61.4M	10x	as long as short
Aftermath Perps UNIUSD	+0.1012%	1h	9.1311	+0.023%	$1K	$46K	10x	as long as short