Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Arcus against edgeX−0.007%54s7-day average +0.063% · 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—prices read too far apart to compare

costs, in and out, $10k−$320.322% of the position

Long on edgeX Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.001%$0 on $10k

Price spread, last 3 days (all we have)−0.013%−$1 · spread now −0.007%, 7d avg +0.063%

Together, before fees−0.014%+ Points / potential airdropedgeX: Active · farm board−$1 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 0.069% cheaper against edgeX than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.063%. The two prices were read 54 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	edgeX UNIUSDC	8.8216	0.0100	pay 0.0050% / 4h	2h 49m	$166K	$343K	20x
Short	Arcus UNI-USD	8.8210	0.0100	get 0.0013% / 1h	49m 47s	$272K	$605K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against edgeX. 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 edgeXbpFee ArcusbpOrdersPrice spread, now −0.007%Rate

Funding earned: $0
Price spread: −0.007% → +0.063%: −$6.95
Slippage, 4 orders: −$18.74
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$39.18
Costs to cover: 0.322%
Break-even: never at this rate

Slippage from edgeX: live order book, 38 min ago; Arcus: live order book, 39 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 edgeX live order book, 38 min ago	2.26 bp	7.2 bp −$7	19.8 bp −$198	doesn't fit	doesn't fit
Sell Arcus live order book, 39 min ago	5.65 bp	9.3 bp −$9	11.8 bp −$118	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	−0.284%	$3.9M	$4.6M	—	as long as short
Bybit UNIUSDT	−0.0192%	8h	8.8120	−0.109%	$102.7M	$103.9M	75x	as long as short
01 Exchange UNIUSD	−0.0056%	1h	8.8162	−0.061%	$440	—	10x	as long as short
Deribit UNI_USDC-PERPETUAL	0.0000%	1h	8.8138	−0.089%	$550K	$125K	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0006%	1h	8.8131	−0.096%	$79K	—	150x	as long as short
OKX UNI-USDT-SWAP	+0.0008%	8h	8.8120	−0.109%	$54.3M	$244.6M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8133	−0.094%	$25K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.8102	−0.128%	$848K	$3.9M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.8147	−0.078%	$1.0M	$3.4M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.8143	−0.082%	$297K	$559K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance UNIUSDT	+0.0100%	8h	8.8150	−0.075%	$215.9M	$593.6M	75x	as long as short
Arcus UNI-USDshort	+0.0100%	1h	8.8210	−0.007%	$272K	$605K	10x
Gate UNI_USDT	+0.0100%	8h	8.8140	−0.086%	$22.9M	$58.9M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.8160	−0.063%	$42.7M	$24.4M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.8150	−0.075%	$13.7M	$13.6M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8130	−0.097%	$31.9M	$41.0M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	8.8120	−0.109%	—	$49.8M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8121	−0.107%	$975K	$2.4M	10x	as long as short
edgeX UNIUSDClong	+0.0100%	4h	8.8216	long leg	$166K	$343K	20x
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8310	+0.107%	$619K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8260	+0.050%	$83K	$713K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8060	−0.177%	$105K	$3.2M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.8146	−0.079%	$87K	$324K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8060	−0.177%	$15K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.8215	−0.001%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.8070	−0.165%	$28K	$659K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.8323	+0.122%	$722K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8080	−0.154%	$26.5M	$4.3M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8106	−0.125%	$307K	$1.4M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8109	−0.121%	$31K	$1K	3x	as long as short
Coinbase International UNI-PERP-INTX	+0.0200%	1h	8.8210	−0.007%	$1.0M	$5.3M	50x	as long as short
dYdX UNI-USD	+0.0205%	1h	8.8150	−0.075%	$244K	$5K	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.8060	−0.177%	$9.8M	$3.3M	75x	as long as short
Kraken Futures PF_UNIUSD	+0.0270%	1h	8.8132	−0.095%	$4.9M	$7.1M	50x	as long as short
Reya UNIRUSDPERP	+0.0359%	1h	8.8097	−0.135%	$16K	—	20x	as long as short
Hyperliquid UNI	+0.0373%	1h	8.8272	+0.064%	$95.8M	$59.6M	10x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0380% / S −0.0320%	1h	8.8108	−0.122%	$552K	—	120x	as long as short
Lighter UNI	+0.0416%	1h	8.8263	+0.053%	$4.5M	$5.3M	15x	as long as short
Aftermath Perps UNIUSD	+0.0484%	1h	8.8179	−0.042%	$1K	$50K	10x	as long as short
Injective UNI/USDC PERP	+0.2702%	1h	8.7900	−0.358%	$657	$97K	12x	as long as short