Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0120%/8h= −13.1% APRpaid last 24h −0.032%

Price spread now: Arcus against BloFin+0.380%7-day average +0.050% · 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−$10as in the Price arb table

costs, in and out, $10k−$430.426% of the position

Long on BloFin Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.113%−$11 on $10k

Price spread, last 3 days (all we have)−0.360%−$36 · spread now +0.380%, 7d avg +0.050%

Together, before fees−0.474%−$47 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Arcus is 0.330% dearer against BloFin than usual: you sell high and buy low (spread +0.380% now, against its 7-day average of +0.050%): +$33 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 9.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin UNI-USDT	8.9540	0.0220	pay 0.0220% / 8h	4m 33s	$10.0M	$3.5M	75x
Short	Arcus UNI-USD	8.9880	0.0100	get 0.0013% / 1h	4m 33s	$270K	$614K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against BloFin. 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 BloFinbpFee ArcusbpOrdersPrice spread, now +0.380%Rate

Funding earned: −$25.2
Price spread: +0.380% → +0.050%: $32.97
Slippage, 4 orders: −$26.11
Fee BloFin: 6 bp × 2 orders: −$12
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$34.84
Costs to cover: 0.426%
Break-even: never at this rate

Slippage from BloFin: live order book, 4 min ago; Arcus: live order book, 9 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 BloFin live order book, 4 min ago	1.12 bp	12.2 bp −$12	18.1 bp −$181	49.9 bp −$4,989	doesn't fit
Sell Arcus live order book, 9 min ago	5.00 bp	7.9 bp −$8	12.2 bp −$122	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	−1.385%	$660	$155K	12x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	8.9655	+0.128%	$62K	—	150x	as long as short
OKX UNI-USDT-SWAP	+0.0086%	8h	8.9630	+0.101%	$54.9M	$249.0M	50x	as long as short
Variational Omni UNI	+0.0087%	8h	8.9503	−0.041%	$4.1M	$4.4M	—	as long as short
Nado UNI-PERP	+0.0100%	1h	8.9650	+0.123%	$943K	$4.2M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.9806	+0.298%	$1.0M	$3.3M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.9804	+0.295%	$297K	$591K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.9810	+0.302%	$222.3M	$591.4M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	8.9770	+0.257%	$101.5M	$105.6M	75x	as long as short
Arcus UNI-USDshort	+0.0100%	1h	8.9880	+0.380%	$270K	$614K	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	8.9780	+0.268%	$22.9M	$59.3M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.9790	+0.279%	$43.9M	$24.1M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.9810	+0.302%	$13.6M	$13.5M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.9800	+0.290%	$32.8M	$42.1M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.9780	+0.268%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.9713	+0.193%	$1.1M	$2.4M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.9500	−0.045%	$168K	$344K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.9730	+0.213%	$624K	$2.5M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.9490	−0.056%	$88K	$708K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.9580	+0.045%	$36K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.9628	+0.098%	$85K	$366K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.9650	+0.123%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.9730	+0.212%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.9660	+0.134%	$21K	$676K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.9597	+0.064%	$717K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.9660	+0.134%	$27.1M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.9784	+0.273%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	8.9742	+0.226%	$301K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.9684	+0.161%	$32K	$1K	3x	as long as short
01 Exchange UNIUSD	+0.0160%	1h	8.9827	+0.321%	$448	—	10x	as long as short
BloFin UNI-USDTlong	+0.0220%	8h	8.9540	long leg	$10.0M	$3.5M	75x
Coinbase International UNI-PERP-INTX	+0.0232%	1h	8.9660	+0.134%	$1.1M	$5.4M	50x	as long as short
dYdX UNI-USD	+0.0299%	1h	8.9830	+0.324%	$249K	$6K	10x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0339%	1h	8.9733	+0.216%	$578K	$177K	50x	as long as short
Reya UNIRUSDPERP	+0.0365%	1h	8.9584	+0.049%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0323%	1h	8.9640	+0.112%	$567K	—	120x	as long as short
Hyperliquid UNI	+0.0432%	1h	8.9882	+0.382%	$98.3M	$59.6M	10x	as long as short
Kraken Futures PF_UNIUSD	+0.0564%	1h	8.9715	+0.196%	$5.0M	$7.0M	50x	as long as short
Aftermath Perps UNIUSD	+0.0871%	1h	8.9695	+0.174%	$1K	$49K	10x	as long as short
Lighter UNI	+0.0904%	1h	8.9982	+0.494%	$4.6M	$5.3M	15x	as long as short