Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0194%/8h= +21.2% APRpaid last 24h +0.035%

Price spread now: Pacifica against Bybit+0.076%48s7-day average +0.060% · you sell dearer than you buy

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$390.394% of the position

Long on Bybit Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.092%+$9 on $10k

Price spread, last 7 days−0.071%−$7 · spread now +0.076%, 7d avg +0.060%

Together, before fees+0.021%+ Points / potential airdropPacifica: Active · farm board+$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.060%, so right now this pair is about funding alone: +$6 a day on $10k at the current rate. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.092% in total (about 4.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit UNIUSDT	8.8900	−0.0094	get 0.0094% / 8h	2h 14m	$101.3M	$106.0M	75x
Short	Pacifica UNI	8.8968	0.0100	get 0.0013% / 1h	14m 53s	$301K	$563K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Bybit. 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 BybitbpFee PacificabpOrdersPrice spread, now +0.076%Rate

Funding earned: $40.75
Price spread: +0.076% → +0.060%: $1.64
Slippage, 4 orders: −$20.42
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Pacifica: 4 bp × 2 orders: −$8
Net: $2.97
Costs to cover: 0.394%
Break-even: 6.5 days

Slippage from Bybit: live order book, 4 min ago; Pacifica: 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 Bybit live order book, 4 min ago	0.56 bp	11.2 bp −$11	20.9 bp −$209	41.8 bp −$4,181	doesn't fit
Sell Pacifica live order book, 9 min ago	0.56 bp	10.9 bp −$11	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	−0.0136%	8h	8.8841	−0.066%	$4.0M	$4.6M	—	as long as short
Bybit UNIUSDTlong	−0.0094%	8h	8.8900	long leg	$101.3M	$106.0M	75x
Deribit UNI_USDC-PERPETUAL	0.0000%	1h	8.8971	+0.080%	$563K	$138K	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0006%	1h	8.8919	+0.022%	$80K	—	150x	as long as short
OKX UNI-USDT-SWAP	+0.0023%	8h	8.8890	−0.011%	$54.7M	$247.9M	50x	as long as short
01 Exchange UNIUSD	+0.0024%	1h	8.8941	+0.046%	$444	—	10x	as long as short
dYdX UNI-USD	+0.0090%	1h	8.8975	+0.084%	$246K	$5K	10x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8935	+0.039%	$25K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.8920	+0.022%	$850K	$4.0M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.8966	+0.074%	$1.0M	$3.4M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica UNIshort	+0.0100%	1h	8.8968	+0.076%	$301K	$563K	10x
Binance UNIUSDT	+0.0100%	8h	8.8919	+0.022%	$217.2M	$595.7M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.8980	+0.090%	$274K	$612K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.8910	+0.011%	$23.1M	$59.4M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.8920	+0.022%	$43.2M	$24.7M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.8910	+0.011%	$13.4M	$13.9M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8900	0.000%	$32.2M	$41.5M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.8910	+0.011%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8955	+0.062%	$987K	$2.3M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8994	+0.106%	$167K	$344K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8970	+0.079%	$618K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.9000	+0.112%	$84K	$713K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8900	0.000%	$106K	$3.2M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.8895	−0.006%	$94K	$334K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8900	0.000%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.8968	+0.076%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.8910	+0.011%	$25K	$666K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.9063	+0.183%	$723K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8930	+0.034%	$26.8M	$4.3M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8882	−0.020%	$308K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8926	+0.029%	$32K	$1K	3x	as long as short
Coinbase International UNI-PERP-INTX	+0.0200%	1h	8.9020	+0.135%	$1.0M	$5.4M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.8860	−0.045%	$9.8M	$3.4M	75x	as long as short
Kraken Futures PF_UNIUSD	+0.0267%	1h	8.8974	+0.084%	$4.9M	$7.1M	50x	as long as short
Hyperliquid UNI	+0.0302%	1h	8.9049	+0.168%	$96.9M	$59.8M	10x	as long as short
Reya UNIRUSDPERP	+0.0360%	1h	8.8882	−0.020%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0379% / S −0.0320%	1h	8.8920	+0.022%	$558K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0543%	1h	8.9056	+0.176%	$1K	$50K	10x	as long as short
Lighter UNI	+0.0576%	1h	8.9094	+0.218%	$4.6M	$5.4M	15x	as long as short
Injective UNI/USDC PERP	+0.2702%	1h	8.7900	−1.125%	$657	$97K	12x	as long as short