Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0120%/8h= −13.1% APRpaid last 24h −0.032%

Price spread now: Pacifica against BloFin+0.094%7-day average −0.010% · you sell dearer than you buy

Net, funding: paid 7d − costs−$64as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$460.456% of the position

Long on BloFin Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.183%−$18 on $10k

Price spread, last 3 days (all we have)−0.528%−$53 · spread now +0.094%, 7d avg −0.010%

Together, before fees−0.711%+ Points / potential airdropPacifica: Active · farm board−$71 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Pacifica is 0.105% dearer against BloFin than usual: you sell high and buy low (spread +0.094% now, against its 7-day average of −0.010%): +$10 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 2.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin UNI-USDT	8.8060	0.0220	pay 0.0220% / 8h	2h 50m	$9.8M	$3.3M	75x
Short	Pacifica UNI	8.8143	0.0100	get 0.0013% / 1h	50m 03s	$297K	$559K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.094%Rate

Funding earned: −$25.2
Price spread: +0.094% → −0.010%: $10.47
Slippage, 4 orders: −$25.61
Fee BloFin: 6 bp × 2 orders: −$12
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$60.34
Costs to cover: 0.456%
Break-even: never at this rate

Slippage from BloFin: live order book, 4 min ago; Pacifica: live order book, 38 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	1.70 bp	9.3 bp −$9	18.1 bp −$181	48.0 bp −$4,802	doesn't fit
Sell Pacifica live order book, 38 min ago	1.13 bp	12.4 bp −$12	doesn't fit	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
Variational Omni UNI	−0.0200%	8h	8.7965	−0.107%	$3.9M	$4.6M	—	as long as short
Bybit UNIUSDT	−0.0192%	8h	8.8070	+0.011%	$102.6M	$103.9M	75x	as long as short
01 Exchange UNIUSD	−0.0056%	1h	8.8162	+0.116%	$440	—	10x	as long as short
Deribit UNI_USDC-PERPETUAL	0.0000%	1h	8.8138	+0.088%	$550K	$125K	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0006%	1h	8.8131	+0.081%	$79K	—	150x	as long as short
OKX UNI-USDT-SWAP	+0.0008%	8h	8.8100	+0.045%	$54.2M	$244.6M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8133	+0.083%	$25K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.8102	+0.048%	$848K	$3.9M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.8126	+0.076%	$1.0M	$3.4M	50x	as long as short
Pacifica UNIshort	+0.0100%	1h	8.8143	+0.094%	$297K	$559K	10x

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance UNIUSDT	+0.0100%	8h	8.8090	+0.034%	$215.8M	$593.6M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.8210	+0.170%	$272K	$605K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.8080	+0.023%	$22.9M	$58.9M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.8100	+0.045%	$42.6M	$24.4M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.8080	+0.023%	$13.7M	$13.6M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8120	+0.068%	$31.9M	$41.0M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.8080	+0.023%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8121	+0.069%	$975K	$2.4M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8216	+0.177%	$166K	$343K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8310	+0.284%	$619K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8260	+0.227%	$83K	$713K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8060	0.000%	$105K	$3.2M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.8146	+0.098%	$87K	$324K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8060	0.000%	$15K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.8215	+0.176%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.8070	+0.011%	$28K	$659K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.8323	+0.299%	$722K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8080	+0.023%	$26.5M	$4.3M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8028	−0.036%	$307K	$1.4M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8109	+0.056%	$31K	$1K	3x	as long as short
Coinbase International UNI-PERP-INTX	+0.0200%	1h	8.8210	+0.170%	$1.0M	$5.3M	50x	as long as short
dYdX UNI-USD	+0.0205%	1h	8.8150	+0.102%	$244K	$5K	10x	as long as short
BloFin UNI-USDTlong	+0.0220%	8h	8.8060	long leg	$9.8M	$3.3M	75x
Kraken Futures PF_UNIUSD	+0.0270%	1h	8.8132	+0.082%	$4.9M	$7.1M	50x	as long as short
Reya UNIRUSDPERP	+0.0359%	1h	8.8097	+0.042%	$16K	—	20x	as long as short
Hyperliquid UNI	+0.0376%	1h	8.8221	+0.183%	$95.8M	$59.6M	10x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0380% / S −0.0320%	1h	8.8108	+0.055%	$552K	—	120x	as long as short
Lighter UNI	+0.0416%	1h	8.8263	+0.231%	$4.5M	$5.3M	15x	as long as short
Aftermath Perps UNIUSD	+0.0484%	1h	8.8179	+0.135%	$1K	$50K	10x	as long as short
Injective UNI/USDC PERP	+0.2702%	1h	8.7900	−0.182%	$657	$97K	12x	as long as short